Landlord Fees

Tenant find: 10% of rent (12% including VAT)

INCLUDES:

• 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)

Rent Collection 12.5% of rent (15% including VAT)

INCLUDES:

• Collect and remit the monthly rent received
• Deduct commission and other works
• Pursue non-payment of rent and provide advice on rent arrears actions
• Make any HMRC deduction and provide tenant with the NRL8 (if relevant)

Fully Managed 15% of rent (18% including VAT)

INCLUDES:

• Collect and remit the monthly rent received
• Pursue non-payment of rent and provide advice on rent arrears actions
• Deduct commission and other works • Advise all relevant utility providers of changes
• Undertake two inspection visits per annum and notify landlord of the outcome
• Arrange routine repairs and instruct approved contractors (providing two quotes)
• Hold keys throughout the tenancy term
• Make any HMRC deduction and provide tenant with the NRL8 (if relevant)

ADDITIONAL NON-OPTIONAL FEES AND CHARGES (IRRESPECTIVE OF LEVEL OF SERVICE):

Setup Fee (Landlords Share): £84 (inc VAT)

• 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
• Advise on non-resident tax status and HMRC (if relevant) Inventory Fee (landlords share) See attached Schedule Dependent on the number of bedrooms and/or size of the property and outbuildings

Deposit Registration Fee: £60 (inc VAT)

• Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme
• Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy

Additional property visits: £60 (inc VAT)

• To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit

Arrangement fee for refurbishments over £500 18% of net cost

• Arranging access and assessing costs with contractor;
• Ensuring work has been carried out in accordance with the specification of works
• Retaining any warranty or guarantee as a result of any works

Renewal Fee (landlords share) £84 (inc VAT)

• Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

Court Attendance £120 (inc VAT) per hour

Applying for an HMO licence £300 (inc VAT)

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF