Vendor Fees

1.25% plus VAT subject to a minimum fee on a no sale, no fee basis.

For our clients peace of mind - We charge no upfront fees for marketing, work strictly on a performance based no sale, no fee basis and we work on a zero week rolling contact.

Landlord Fees

Management Options:

FULLY MANAGED - 14.4% incl. VAT:
• 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

• 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)


RENT COLLECTION - 9.6% incl. VAT
• Collect and remit the monthly rent received

• Deduct commission and other works

• Pursue non-payment of rent and provide advice on rent arrears actions

• Advise all relevant utility providers of changes


LET ONLY - 0% WITH SET UP FEE ONLY.
• 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

• Advise all relevant utility providers of changes



SET UP FEES & INVENTORY CHARGES
Setup Fee - 90% INC VAT of the first months rent subject to a minimum of £594 INC VAT (this is based on the let only service and is
the maximum that we charge. The rent collection and fully managed option has lower set up costs)

• 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

Inventory Cost £174 INC VAT


ADDITIONAL NON-OPTIONAL FEES FOR FULLY MANAGED AND RENT COLLECTION:
Deposit Registration Fee: £48 (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

Interim property visits: £126 (INC VAT)
• Undertake inspection visit and notify landlord of the outcome. These regular visits are important to support a landlords due diligence with their obligations under The Immigration Act 2016 and Homes for Fitness and Habitation 2020

Arrangement fee for refurbishments 12% 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 £126 (inc VAT)
• Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

Checkout Fee £126 (inc VAT)
• Agree with tenant check out date and time appointment
• Instruct inventory provider to attend
• Negotiate with landlord and tenant any disbursement of the security deposit
• Return deposit as agreed with landlord and tenant to relevant parties
• Remit any disputed amount to Scheme for final adjudication
• Unprotect security deposit
• Instruct contractors; obtain quotes; organise repairs /replacement/cost of any broken or missing items

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF Last updated at 08/08/2022, 2:50 PM by Ali Durrant

Last updated at 2:35 PM 29/08/2017 by sally Lawson