Lettings Fees

Client Money Protection (CMP) provided by RICS

Client Money Protection (CMP) provided by RICS

Independent Redress provided by The Property Ombudsman

>Independent Redress provided by The Property Ombudsman

Fees to Tenants

EXISTING ASSURED SHORTHOLD TENANCIES (ASTS) AND ALL ASSURED TENANCIES

BEFORE YOU MOVE IN

   

Tenancy Agreement Fee

 

 

 

£180.00 (inc. VAT) per tenancy.

To negotiations and agreement of Tenancy terms, preparation of agreement and accompanied check-in, including taking meter readings and sign off of Inventory and Schedule of Condition.

Additional Tenant Referencing Fee

 

£72.00 (inc. VAT) per tenant.

Referencing of applicants to include identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability.

Guarantor Fee

 

£72.00 (inc. VAT) per guarantor.

To cover credit referencing and preparing Guarantors Obligations clauses within the Tenancy Agreement.

Pet Deposit

 

£200.00 per pet. Additional Security Deposit.

To cover the additional risk of property damage. This will be part of your security deposit, which will be protected in a Government authorised scheme. This amount may be subject to consent and negotiation with the Landlord and will be dependent on the number, size and type of pet.

DURING YOUR TENANCY

 

 

Renewal Fee

 

£90.00 (inc. VAT) for contract negotiations, amending and updating terms, arranging a further tenancy and agreement and re-registration of deposit.

 

Tenancy Amendment Fee

 

£90.00 (inc. VAT) for contract negotiations, amending terms, updating your tenancy agreement and re-registration of deposit (where applicable).

OTHER FEES AND CHARGES

Unpaid Rent

 

 

£30.00 (inc. VAT) for any rent not paid on its due date. In addition interest at % above the Bank of England Base Rate from the Rent Due Date until paid. Please Note: This will not be levied until the rent is more than 14 days in arrears.

Returned Cheques and Standing Orders

 

 

£25.00 (inc. VAT)

Uncancelled Standing Orders at the end of the tenancy

 

£25.00 (inc. VAT)

For return of overpaid rent following the end of the tenancy.

Missed Inspection Appointments

 

£40.00 (inc. VAT)

For failure to allow access for periodic inspections, without 24 hours prior notice of cancellation.

 

Replacement Keys

 

£50.00 (inc. VAT) will be charged for the provision of replacement keys.

Early Termination of Tenancy

(Tenant’s Request)

 

£360 (inc. VAT) plus rent due under the tenancy agreement

Should the tenant wish to leave their contract early, they shall be liable for the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

Please ask a member of staff if you have any questions about our fees

Download existing Assured Shorthold Tenancies (ASTS) and all Assured Tenancies Fees

NEW ASSURED SHORTHOLD TENANCIES (ASTS) SIGNED ON OR AFTER 1 JUNE 2019

Holding Deposit

(per tenancy)

 

One week’s rent

This is to reserve the property. Please Note: This will be withheld if any relevant person (including and guarantor (s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, fail to provide required information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security Deposit

(per tenancy. Rent under £50,000 per year)

 

Five week’s rent

This covers damages or defaults on the part of the tenant during the tenancy.

Security Deposit

(per tenancy. Rent over £50,000 per year)

 

 Six week’s rent

This covers damages or defaults on the part of the tenant during the tenancy.

Unpaid Rent

 

Interest at 3% above the Bank of England Base Rate from the Rent Due Date until paid. Please Note: This will not be levied until the rent is more than 14 days in arrears.

Lost Key(s) or other Security Device(s)

 

Tenants are liable for the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual cost of the locksmith, new lock and replacement keys for the tenant, landlord and any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security devices(s).

Variation of Contract

(Tenant’s request)

 

£50 (inc. VAT) per agreed variation

To cover the cost associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.

Changes of Sharer

(Tenant’s request)

 

£50 (inc. VAT) per replacement tenant

To cover the costs associated with taking landlord’s instruction, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Early Termination of Tenancy

(Tenant’s Request)

 

£360 (inc. VAT) plus rent due under the tenancy agreement

 

Should the tenant wish to leave their contract early, they shall be liable for the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

Please ask a member of staff if you have any questions about our fees

Download New Assured Shorthold Tenancies (ASTS) signed on or after 1 June 2019 Fees

Fees to Landlords

Schedule of fees effective for services from 1st June 2019

 

LEVEL OF SERVICE OFFERED:

 

Let Only:

Set up fee

£400 inc. VAT

 

 

 

Fully Managed:

Set up fee

£260 inc. VAT

Plus monthly commission of

11% inc. VAT

Rental Appraisal and agreement of asking rent

Provide guidance on compliance with statutory provisions and letting consents

Advise on refurbishment requirements

Erect ‘To Let’ board in accordance with Town and Country Planning Act 1990 (where applicable)

Market the property and advertise on property portals

Carry out accompanied viewings (as appropriate)

Find and Reference prospective tenants

Complete tenancy agreement

Prepare Inventory and Schedule of Condition and undertake Check-in inspection

Collect and remit initial months rent

Provide tenants with method of payment

Deduct any pre-tenancy invoices

Register deposit with deposit protection scheme

Advise all relevant utility providers of commencement of tenancy and meter readings

Collect and remit monthly rent

 

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

 

Undertake two periodic inspections per tenancy term and provide inspection report to landlord

 

Arrange routine repairs and instruct approved contractors

 

Rent reviews and tenancy renewals to existing tenants

 

Issuing of notices to determine the tenancy (Section 8 and/or 21)

 

Undertake end of tenancy Check-out inspection

 

Security deposit dilapidation negotiations

 

Preparation and submission of evidence to support deposit disputes

 

ADDITIONAL PRE TENANCY FEES

(Let only and Fully Managed services)

For arranging and facilitating statutory compliance, if not provided upon inspection or undertaken by the landlord

 

Energy Performance Certificate (EPC)

£90.00 inc. VAT

Gas Safety Certificate

£80.00 inc. VAT

Electrical Installation Condition Report

£150.00 inc. VAT

Portable Appliance Testing

£20.00 inc. VAT per appliance

Legionella Risk Assessment

£70.00 inc. VAT

6 Months Rent Guarantee Insurance (subject to satisfactory applicants)

£72.00 inc. VAT per applicant

Guarantor Fee: Covering credit referencing and preparing a Deed of Guarantee (or as part of the Tenancy Agreement)

£70.00 inc. VAT per guarantor

Landlord Withdrawal Fees (before move-in).

To cover the costs associated with the marketing, advertising and tenancy set-up, should the landlord withdraw from the market before it has started

£120.00 inc. VAT

Let Only Service

Optional Additional Services

 

Periodic Inspections:

Should the Landlord request us to undertake inspections during a tenancy and provide inspection report

£70.00 inc. VAT per visit

Rent Review Fees:

Review rent in accordance with current prevailing market conditions and advise the landlord, negotiate with the tenant(s), direct tenant(s) to make payment changes as appropriate, issue Section 13 notice if tenancy is on a periodic basis or issuing and completion of further tenancy agreement

£120.00 inc. VAT per tenancy

Right to Rent Follow-Up Check:

Undertake a repeat check on tenants on a time limited visa in accordance with the Immigration Acts 2014 and 2016. Notifying the Home Office should an illegal overstayer be identified.

£50.00 inc.VAT per check

End of Tenancy Check-out Fee:

Attend property to undertake an updated Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit.

£120.00 inc. VAT per tenancy

Tenancy Dispute Fee:

The cost associated with the preparation of all evidence and submitting the case to the tenancy deposit schedule as well as dealing will all correspondence relating to the dispute. This only applies where the agent has protected the deposit.

£200.00 inc. VAT per tenancy

Fees for service of Legal Notices (Section 8 or Section 21):

£60.00 inc. VAT per Notice

Other Fees and Charges

 

Management Take-over Fees:

To cover the costs associated with taking over the management of an ongoing tenancy, ensuring all statutory compliance has been undertaken, undertaking inspection of property, receiving and protection of the security deposit and providing all necessary legal documentation to the tenant.

£120.00 inc. VAT per tenancy

Landlord Withdrawal Fees (during tenancy):

To cover the costs associated with advising the tenant of the change and the position of the security deposit, transferring the security deposit to the landlord or new agent, notifying all utility providers and local authority (where necessary) and returning all relevant documents held by the agent to the landlord (Fully Managed Service only).

£120.00 inc. VAT per tenancy

Letting to a new tenant under an existing management agreement Fee:

£200.00 inc. VAT per tenancy

Annual Income and Expenditure Schedule provision Fee:

£60.00 inc. VAT per tenancy

Please ask a member of staff if you have any questions about our fees

Download Schedule of fees effective for services from 1 June 2019