Tenant Find
- Collect and remit initial months’ rent received
- Provide tenant with method of payment
- Deduct any pre-tenancy invoices
- Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
|
100% of one months rent (inc VAT) |
Rent Collection
- 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)
|
10% of rent (inc VAT) |
Fully Managed
- 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)
|
14.4% of rent (inc VAT) – subject to property valuation. |
Setup Fee (Landlords Share)
- 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 (if relevant)
|
60% of one months rent (inc VAT)
£60 Marketing Fee |
Inventory Fee (landlords share)
- Dependent on the number of bedrooms and/or the size of the property and outbuildings
|
Ranges from £100 – £200 (inc VAT) |
Submission of non-resident landlords receipts to HMRC
- 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
|
£120 (inc VAT) annual charge |
| Arbitration Fee (in case of deposit disputes)
|
£90 (inc VAT) |
Rent Review Fees (landlords share)
- Review of market rents, advice on increase, serving of Section 13 notice
|
£120(inc VAT) |
| First Tier Tribunal |
£20 + vat for annual charge to cover a referral or £300 including Vat when a referral is made to them. |
| Section 8 Notice |
Serving of the said notice by a third party £300 incl Vat |
| Court Attendance |
£125 (inc VAT) per hour |
| Fee in case of early termination of managed service |
14.4% of six months rent (inc VAT) |
