| Set-up Fee – Fully Managed & Rent Collection |
Agree on market rent, find a tenant, advise on refurbishment, ensure compliance with statutory provisions, conduct accompanied viewings, market the property, advertise on relevant portals, erect board outside property, advise on non-resident tax status and HMRC (if relevant). Protect the deposit in a governed scheme. |
£300 fixed fee |
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| Management Fee |
Same as above but without rent protection. |
12% of the rent per calendar month |
| Renewal contract fees |
Including rent review, contract negotiations, amending and updating terms and arranging for the signing of a further tenancy agreement. |
£150.00 |
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| Rent Collection Fee |
Collect and remit monthly rent, deduct commission and other works, pursue non-payment, provide advice on rent arrears actions, provide tenant with NRL8 (if relevant). |
9% of the agreed monthly rent |
| Property Inspections (tenant find service) |
Completion with photographic report of property, check of maintenance, condition and any specific request from the landlord. |
£75.00 |
| Vacant Property Management Fees |
Additional checks requested by the owner, during vacant period. E.g. to satisfy insurance terms and conditions. |
£25.00 |
| Legionnaires Risk Assessment |
Arrange access and retain certificate. |
Price upon request |
| Electrical Installation Condition Report (EICR) |
Arrange access and retain certificate, cost vary subject to size of the property, Basic price for small 2 bedroom property is: |
£260.00 |
| Changing Light Bulbs |
Arrange for light bulbs to be installed/replaced where not supplied by landlord or at additional request. |
£15.00 plus cost of bulbs |
| Key Cutting |
Arrange replacement keys, permits, electronic door fobs where not supplied by the landlord. |
£10.00 plus cost of key |
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| Work Supervision and Arrangement Fees |
For repairs and maintenance work exceeding £1000.00. |
10% of work value |
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| Care-Taking Service |
Visit and check the premises during void periods. |
£35.00 per visit |
| Landlord Withdrawal Fees (before move-in): |
Should you agree to a tenancy and withdraw prior to its commencement, you agree to cover the reasonable charges and costs such as marketing and tenant referencing etc.. |
£250.00 |
| Submission of Non-Resident Landlords receipts to HMRC: |
To remit and balance the financial Return to HMRC on both a quarterly and annual basis. |
£50.00 per submission |
| Additional HMRC Reporting Fees |
Responding to any specific queries relating to either the quarterly or annual Return from either the landlord or HMRC. |
£50.00 per visit |