Fees to Landlords

NOTICE OF FEES to LANDORDS

Martyn Gerrard is an ARLA Licensed member

Client Money Protection  (CMP) provided by RICS

Independent Redress provided by TPOs

LETTING SERVICE: 12% inc VAT or 10% + vat Calculated on the annual rent

Includes:

* Full Marketing

* Introducing a Tenant (s)

* Negotiate terms for an initial tenancy

* Independent tenant assessment

* Prepare tenancy agreement

* £0 excess Rent Guarantee with legal backup

* Collect initial months’ rent and dilapidations deposit

* Provide tenant with method of rental payment

* Deduct any pre-tenancy invoices

* Register deposit as required

* Review the rent and negotiate any subsequent renewal of the tenancy

* Advice on legal compliance

 

RENT COLLECTION: 16.8% inc VAT or 14% + vat Calculated on the annual rent

INCLUDES the LETTING SERVICE:

And:

* Collecting the rent and make payment to Landlord

* Chasing non-payment of rent or any possible shortfalls

* Submitting a rent claim to the insurance company under the rent guarantee (if required)

* Attend court to gain possession of the property should the tenant fail to pay the rent (if required)

* Deduct any pre-tenancy invoices.

* Make any HMRC deduction as required (if relevant)

 

MANAGEMENT: 19.2% inc VAT or 16% + vat Calculated on the annual rent

INCLUDES the LETTING and RENT COLLECTION services

And:

* Undertake inspections on a six monthly basis and report to Landlord

* Arrange maintenance and repairs and arrange payment of invoices (subject to charges below)

* Hold keys throughout tenancy

* Serve appropriate notices

* Handle return of deposit and any disputes

* Attend Court for possession hearings if required

* Advise all relevant utility providers of changes

* Dedicated property manager

* 24/7 Emergency telephone line

 

Additional Non-Optional Fees and charges (irrespective of level of service)

Renewal Fee (landlords share): 9% (inc VAT) or 7.5% +vat Calculated on the annual rent

Advice on current rent, contract negotiation, amending and updating terms and arranging a further tenancy and agreement.

Inventory Fee (landlords share): Between £140.00 and £190.00 at check in.

Dependent on the number of bedrooms and/or size of the property and outbuildings

Additional property visits: £72 (inc VAT) per visit or £60 + vat

To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit

Arrangement Fee for third party and sub contractors: 12% (inc VAT) of net cost or 10% + vat of net costs

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. ALL third party invoices include this fee.

Checkout Fee (landlords share): £0 for managed properties only. Not available to other service levels                                                        

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: £0 for managed properties only. Not available to other service levels.

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF

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