We aim to be both fair and competitive and have compared the market to ensure that we maintain these principles. Also, unlike many agents who do not disclose their fees upfront, often come up with hidden charges at the last minute or make it nigh on impossible to find them on their websites, we are totally transparent from the offset, so you can be confident that there will be no nasty surprises.
FEES FOR LANDLORDS
Our standard fees are outined below.
These are however our maximum fees and are subject to change due to various deals and promotions we run throughout the year – to find out if you are eligible for any current deals or discounts please call us to discuss.
LEVEL OF SERVICE OFFERED
TENANT FIND: 10 % INCLUDES:
- Collect and remit initial month’s rent received
- Agree collection of any shortfall and payment method
- Provide tenant with method of payment
- Deduct any pre-tenancy invoices
- Make any HMRC deductions and provide tenant with the NRL8 if relevant
RENT COLLECTION: 12% INCLUDES:
- Collect and remit 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 deductions and provide tenant with the NRL8 if relevant
FULLY MANAGED: 15 % INCLUDES:
- Collect and remit monthly rent received
- Pursue non-payment of rent and provide advice on rent arrears actions
- Deduct commissions and other works
- Undertake two inspection visits per annum and notify landlord of outcome
- Arrange routine repairs and instruct approved contractors (providing two quotes)
- Hold keys throughout the tenancy term
EXAMPLE OF FEES
On a 12 month managed long letting of £1,000 per month our total commission fees of 15% would be £1,500
On a 12 month non-managed long letting including rent collection of £1,000 per month our total fees of 12% would be £1,200
On a 12 month non-managed long letting of £1,000 per month our total fees of 10 would be £1,000
ADDITIONAL NON-OPTIONAL FEES AND CHARGES (IRRESPECTIVE OF LEVEL OF SERVICE)
Setup Fee (Landlords Share) £0.00
- 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 lettings consents
- Carry out accompanied viewings (as appropriate)
- Market the property and advertise on relevant portals
- Erect board outside property in accordance with Town and County Planning Act 1990
- Advise on non-resident tax status and HMRC (if relevant)
Inventory Fee TBC guide £100 - £180
Dependent on the number of bedrooms and / or size of the property and outbuildings
Deposit registration Fee:£0.00
- Register the 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 £90.00
- To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance linked visit Submission of non-residents landlords receipts to HMRC £40.00
- To remit and balance the final return to HMRC quarterly – and respond to any specific query relating to the return from the landlord or HMRC
Arrangement Fee for works over £15 % 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 £ 15 % 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
Rent Review Fee £0.00
- Rent review 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 As per agreement – typically 5-10% depending on level of service
- Contract negotiation, amending and updating terms and arranging a further tenancy agreement
Checkout Fee TBC – Guide £100 - £200 depending on size of property / how many rooms
- 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
Court attendance £50.00 per hour
