Landlords & Tenants Fees

FEES TO TENANTS

BEFORE YOU MOVE IN

Tenant Referencing: £60.00 (inc VAT) per tenant Referencing (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability)

Arranging the tenancy and agreement (tenant share) £120.00 (inc VAT)

Arranging the tenancy and agreement and registering the deposit which will be protected with your security deposit in a Government-authorised scheme and may be returned at the end of the tenancy

Guarantor Fee: £60.00 (inc VAT) per guarantor (if required) Covering credit referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement.

Permitted Occupier Fee: £60.00 (inc VAT) per permitted occupier

Explaining to any permitted occupier their rights and responsibilities towards the named tenant(s) and landlord as well as the provision of documentary guidance and assistance during the tenancy.

Tenancy Deposit: Returnable additional Security Deposit of 6 weeks worth of the rental amount

To cover the added risk of property damage. This will be protected with your security deposit in a Government-authorised scheme and may be returned at the end of the tenancy

Pet Deposit: Returnable additional security deposit of 8 weeks To cover the added risk of property damage. This will be protected with your security deposit in a Government-authorised scheme and may be returned at the end of the tenancy.

DURING YOUR TENANCY

Amendment Fee and Change of Sharer Fee: £240.00 (inc VAT) Contract negotiation, amending terms and updating your tenancy agreement during your tenancy.

Renewal Fee (tenant’s share): £60.00 (inc VAT) Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.

ENDING YOUR TENANCY

Check Out Fee: Dependent on the number of bedrooms and/or size of the property and outbuildings

Future Landlord Reference Fee: £10.00 (inc VAT) Collating information and preparing a reference for a future landlord or letting agent.

OTHER FEES AND CHARGES

 

Out of Hours Services: £120.00 per hour (inc VAT) plus costs incurred Where actions of the tenant results in the agent (or nominated contractor) attending the property, time to remedy the situation is charged at the hourly rate.

Unpaid Rent / Returned Payments Interest at 4% above Bank of England Base Rate from date due.

 

FEES TO LANDLORDS

 

Level of service offered

 

TENANT FIND: 12% of rent (inc VAT)

INCLUDES:

  • Collect and remit initial monthly 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)
  • Register the tenants deposit in a Government-authorised scheme and may be returned at the end of the tenancy

RENT COLLECTION: 12% of rent (inc 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)
  • Register the tenants deposit in a Government-authorised scheme and may be returned at the end of the tenancy

FULLY MANAGED: 18% of rent (inc 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)
  • Register the tenants deposit in a Government-authorised scheme and may be returned at the end of the tenancy

Additional non-optional fees and charges (irrespective of level of service)

Arranging the tenancy and agreement (Landlords Share) (LANDLORD’S SHARE): £120.00 (inc VAT)

INVENTORY AND CHECK-IN FEE

  • Dependent on the number of bedrooms and/or size of the property and outbuildings

ADDITIONAL PROPERTY VISITS: £45.00 (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 WORKS OVER £5000.00 10% 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

ARRANGEMENT FEE FOR REFURBISHMENTS OVER £5000.00 10% 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 (LANDLORD’S SHARE): £60.00 (inc VAT)

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

COURT ATTENDANCE: £90.00 (inc VAT) per hour plus any resonable expenses

 

Our client money protection is provided by the National Federation of Property Professionals (NFOPP) and our redress scheme is provided by The Property Ombusdman (TPO)