Fees to Landlords

Level of service offered


TENANT FIND: 8% of rent (inc 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: 10% 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)

FULLY MANAGED: 12% 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)

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


INVENTORY FEE (LANDLORD’S SHARE) £130.00 to £266.00 (inc VAT)
•  Dependent on the number of bedrooms and/or size of the property and outbuildings

DEPOSIT REGISTRATION FEE: £60.00 (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: £100.00 (inc VAT)
•  To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit - We will undertake to inspect managed properties twice a year.

SUBMISSION OF NON-RESIDENT LANDLORDS RECEIPTS TO HMRC: £90.00  (inc VAT) quarterly
•  To remit and balance the financial return to HMRC quarterly and respond to any specific query relating to the return from the landlord or HMRC    

ARRANGEMENT FEE FOR WORKS OVER £500.00 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 £2,500.00 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

OBTAINING MORE THAN TWO CONTRACTOR QUOTES £50.00 (inc VAT) per quote

RENT REVIEW FEE: £100.00 (inc VAT)
•  Review rent 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 (LANDLORD’S SHARE): £100.00  (inc VAT)
•  Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

CHECKOUT FEE (LANDLORD’S SHARE): £130.00  (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

COURT ATTENDANCE: £250.00  (inc VAT) per day

Gas Safety Certificate - On your instruction, we will contact a registered engineer, arrange their visit to your property, and ensure delivery of the certificate. For managed properties, this is a free service. Managed Properties £72 / Non-Managed Properties £120

Portable Appliance Test - On your instruction, we will arrange for a qualified engineer to carry out a Portable Appliance Test at your property. Managed Properties £72 / Non-Managed Properties £120

Energy Performance Certificate - On your instruction, Marsh & Parsons will arrange for an EPC on the landlord’s behalf. £90

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