Landlord Charges (inclusive of VAT)
Standard Agency Fees
| Standard Management: | 18% (inc vat) of rent for tenancy term (15%+vat) |
| Let and Rent Collect: | 14.4% (inc vat) of rent for tenancy term (12%+vat) |
| Let Only: | 12% (inc vat) of rent due for a 12 month term of the tenancy (10%+vat) |
Other Charges
| Tenancy Agreement Fee / Renewal Fee | £150 |
| Renewal Fee for Periodic Tenancies | £36 |
| Renewal Fee for Let Only Service | To be negotiated |
| Registration of Damages Deposit with TDS | £24 |
| Involvement in non-managed property deposit disputes | £180 |
| Admin fee for dispute submission to arbitration | £60 |
| Documentation preparation for arbitration | £60 |
| For time spent in consultation with a solicitor or if we have to attend court on your behalf as a witness | £120 |
| Minimum Fee (in case of early termination or cancellation) | £600 |
| Payment to the Inland Revenue where Landlords have not obtained approval for rent to be paid gross | £30/quarter |
| Preparing the inventory + check in | Dependent upon size of property |
| Arrangement of EPC, Gas Safety Certificate, Cleaning, smoke alarms, CMD or other repairs/maintenance for non-managed properties | £24 per item arranged + contractor’s cost |
| Chasing of late fees (Lettings, Admin, Renewal) | £24 per communication after 1st notification |
| Management reserve | £300 |
| Redirection of mail overseas | Cost of postage |
| Duplication & testing of extra keys (4 sets needed for managed, 2 for let only and rent collect) |
£18 + Cost of cutting |
| Hourly rate for any additional works conducted by the Agent on behalf of the Landlord | £60/hour |
| Vacant property visits | By negotiation |
| Project & design management for refurbishments | 10% of works entailed (£600 minimum charge) |
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