Tenant Find Only 75% of first months rent (+ VAT) – subject to property valuation
- All of the above +
- 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)
- Advise on non-resident tax status and HMRC (if relevant)
Fully Managed Service 12% (+ VAT) – subject to property valuation
- 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)
- Advise on non-resident tax status and HMRC (if relevant)
- Registration of deposits with TDS
- Rent Collection
- Check in/out appointments
- Inspections
- Fully access to maintenance service
- Allocated property managers
- Handling deposit disputes
- Serving appropriate legal notices
- Re-advertising the property
Additional Fees
Arbitration Fee – £90 (+ VAT)
- Charged in the event of a deposit dispute negotiation
Additional property visits – £50 (+ VAT) – non-managed properties only
- To attend for move-in of tenants or check-out of tenants
- To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit
Inventory Fee – £120 (+ VAT) for 3 beds and under or £180 (+ VAT) for 4 beds+
- Depends on number of bedrooms and/or the size of property and outbuildings
Submission of non-resident landlords receipts to HMRC – £40 quarterly (+ VAT)
- 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/refurbishment – 15% of net costs (+ VAT)
- Arranging access and assessing costs with contractor
- Ensuring work has been carried out in accordance with the specification of works
Investment Property Finders Fee – 1% Net property cost (+ VAT)
- Search for potential investment properties in Durham
- Attend viewings and feedback to investor
- Negotiate on investors behalf
- Liaise with solicitors of both parties
Rent Review Fee – £50 (+ 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 (Landlords Share) – £100 (+ VAT)
- Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
Fee in case of early termination of Fully Managed Service – 12% of six months’ rent (+ VAT)
Court Attendance – £30 per hour (+ VAT)
Referral Fees
- We may receive commissions from: Contractors, Insurance companies, Referencing companies, Utility providers and others. These commissions will not be included in the contractor invoice and can be up to 20% (inc VAT) of the total invoice.
CLIENT MONEY PROTECTION (CMP) PROVIDED BY ARLA.
INDEPENDENT REDRESS PROVIDED BY THE PROPERTY OMBUDSMAN (TPO).
IF YOU HAVE ANY QUESTIONS ON OUR FEES PLEASE ASK A MEMBER OF STAFF.
