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Landlord Fees

 

Option 1 - Full Management

Management Fee: 14.4% of rent due monthly (12%+VAT)
Set-Up charge: £540 (£450+VAT) up to a monthly rental of £999 pcm.  £780 (£650+VAT) for a monthly rental £1,000 pcm and over
Professional Marketing: Included
Advertising on major portals including Rightmove & Zoopla: Included
To Let Board: Included
Accompanied viewing: Included
Full tenant check: Included
Professional referencing: Included
All the administration and provision of legal documentation: Included
Professional Inventory; Schedule of Condition: Included
Full Check In procedure incl. reading meters; informing utilities: Included
Holding and protection of tenants’ deposit: Included
Reading of meters at Check In AND Check Out: Included
Collection of rent: Included
Provision of monthly landlords statements: Included
Liaising with utility providers and Council offices: Included
Regular property inspections and written reports every 3 months: Included
Management of property maintenance and repairs: Included
Arrangement of mandatory safety inspections: Included
Dealing with any problems arising throughout the tenancy and enquiries: Included
Annual Rent Review: Included
Rent increase negotiation and notices: Included
Tenancy Deposit Administration Charge: Included
Full check-out procedure including deposit return negotiations: Included

Additional Non-Optional Charges for Full Management

Issuing Notices of Seeking Possession:£90 (£75+VAT)
Arranging gas safety check: 
Contractors cost price
Arranging legionella risk assessment: 
Contractors cost price
Arranging Energy Performance Certificate: 
£90 (£75+VAT)
Obtaining estimates and supervision of major works: For works that exceed £1500 excluding VAT, 10% (8.33%+VAT) of the total cost of works
Issuing Rent Increase notice:  £60 (£50+VAT)
To prepare a case for a DPS dispute: £240 (200+VAT)
To attend court on your behalf where necessary: Day Rate £144 (£120+VAT)
To attend court alongside you, this is charged per hour:  
Hourly Rate £48 (£40+VAT)
Commission should the tenant purchase the property from the Landlord: 2.1% (1.75%+VAT)
Cancellation Fee: 
Equivalent to the set-up charge

Additional Optional Charges for for Full Management

Administration of NRL tax returns: £60 (£50+VAT) per annum
Annual statement for tax return: £30 (£25+VAT) per statement
Redirection of mail overseas: £15 (£12.50+VAT) plus cost of postage
Redirection of mail UK: £15 (£12.50+VAT) plus cost of postage

Option 2 - Let Only

Tenant Find Fee: 65% of monthly rent, subject to a min fee of £660.00 (£550+VAT)
Professional Marketing and Advertising on major portals: Included
To Let board: Included
Accompanied viewings: Included
Full tenant check; professional referencing: Included
Negotiation, administration and provision of signed Tenancy Agreement: Included
Collection of first months’ rent and deposit: Included
Reading of meters and notice to utility companies: Included
Initial landlords statement and invoices: Included

Additional Optional Charges for Let Only

Tenancy Deposit Administration Charge with DPS: £54 (£45+VAT) plus scheme costs where applicable
Tenancy Renewal Fee: 
£90 (£75+VAT)
Inventory, schedule of condition and checkout, 1 bed with report: Unfurnished £200 (£166.67+VAT)
Inventory, schedule of condition and checkout, 2 bed with report: Unfurnished £210 (£175+VAT)
Inventory, schedule of condition and checkout, 3 bed with report: Unfurnished £220 (183.34+VAT)
Inventory, schedule of condition and checkout, 4 bed with report: Unfurnished £230 (£191.67+VAT)
Inventory, schedule of condition and checkout, 5 bed with report: Unfurnished £240 (£200+VAT)
Check out inspection and report: £108 (£90+VAT)
Issuing Notice of Seeking Possession: £60 (£50+VAT)
Administration of NRL tax returns: £60 per annum (£50+VAT)
Annual statement for tax return: £45 per statement (£37.50)
Redirection of mail overseas: £15 plus cost of postage (£12.50)
Arranging gas safety check: £84 (£70+VAT)
Arranging legionella risk assessment: £84 (£70+VAT)
Arranging Energy Performance Certificate: £90 (£75+VAT)
Obtaining estimates and supervision of works: For works exceeding £1500 excluding VAT, 10% of the total cost of the work
Issuing Rent Increase notice: £60 (£50+VAT)

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