Set up Fee 60% of first months’ rent (incl VAT) (VAT currently charged at 20%) – subject to property valuation
- Agree the market rent and find a tenant in accordance with the landlord guidelines
- Advise on refurbishment
- Provide guidance on compliance with statutory provisions and letting consents
- Carry out accompanied viewings (as appropriate)
- Market the property and advertise on relevant portals
- Erect board outside property in accordance with Town and Country planning Act 1990
Tenant Find Only 100% of one months rent (incl VAT) – subject to property valuation
- Collect and remit initial months’ rent received
- Agree collection of any shortfall and payment method
- Provide tenant with method of payment
- Deduct any pre-tenancy invoices
- Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
- Advise on non-resident tax status and HMRC (if relevant)
Fully Managed Service 14.4% (incl VAT) – subject to property valuation
- Collect and remit initial months’ rent received
- Agree collection of any shortfall and payment method
- Provide tenant with method of payment
- Deduct any pre-tenancy invoices
- Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
- Advise on non-resident tax status and HMRC (if relevant)
- Registration of deposits with TDS
- Rent Collection
- Check in/out appointments
- Inspections
- Fully access to maintenance service
- Allocated property managers
- Handling deposit disputes
- Serving appropriate legal notices
- Re-advertising the property
Additional Fees
Arbitration Fee – £120 (incl VAT)
- Charged in the event of a deposit dispute negotiation
Additional property visits – £50 (incl VAT)
- To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit
Inventory Fee – See attached schedule
- Depends on number of bedrooms and/or the size of property and outbuildings
Submission of non-resident landlords receipts to HMRC – £50 quarterly (incl VAT)
- To remit and balance the financial return to HMRC quarterly – and respond to any specific query relating to the return from the landlord or HMRC
Arrangement Fee for works/refurbishment – 15% of net costs (inc VAT)
- Arranging access and assessing costs with contractor
- Ensuring work has been carried out in accordance with the specification of works
Rent Review Fee – £60 (incl VAT)
- Review rent in accordance with current prevailing market condition and advise the landlord
- Negotiate with tenant
- Direct tenant to make payment change as appropriate
- Update the tenancy agreement
- Serve Section 13 Notice if tenancy is on a rolling monthly basis
Renewal Fee – 60% of first months’ rent (incl VAT) – subject to property valuation
- Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
Fee in case of early termination of Fully Managed Service – 14.4% of six months’ rent (incl VAT)
Court Attendance – £50 per hour (incl VAT)
CLIENT MONEY PROTECTION (CMP) PROVIDED BY PROPERTYMARK
INDEPENDENT REDRESS PROVIDED BY THE PROPERTY OMBUDSMAN (TPO).
IF YOU HAVE ANY QUESTIONS ON OUR FEES PLEASE ASK A MEMBER OF STAFF.
