Fees

Before the tenancy begins

• Holding fee – One week’s rent
• Security deposit – Five weeks rent

During the tenancy payable to the provider

• Installation of satellite/cable/phone line
• Utilities – gas, electricity, water
• Telephone and Broadband
• Subscription to satellite/cable/phone line
• Television Licence
• Council Tax

Permitted additional charges payable to agent

• Change to Tenancy Agreement (once authorised by the Landlord) – £50.00 inc VAT
• Interest on Late Payment of Rent or Returned Payment – 3% above Bank of England base rate
• Locksmith and replacement of lost keys or Security items – Variable
• Payment of any unpaid rent or other reasonable costs associated with termination of tenancy

Let only

10% of the annual rent including VAT (one off payment)

Includes:

• Agree the market rent and marketing in accordance with the Landlord guidelines
• Conducting accompanied viewings
• Referencing prospective tenants
• Negotiating tenancy
• Collecting security deposit and first months rent
• Preparing and signing of AST Agreement
• Providing tenant with payment method

Rent collection

10% of the annual rent including VAT (one off payment)
Plus monthly commission of rent paid – 9% including VAT

Includes:

• Services the same as let only
• Collecting and remitting of monthly rent
• Advice on refurbishments

Fully managed

8% of the annual rent including VAT (one off payment)
Plus monthly commission of rent paid – variable 12% – 18% including VAT

Includes:

• Services as listed above in let only and rent collection
• Advice on refurbishment
• Deposit registration, held with TDS (a government backed scheme)
• Negotiating renewals
• Pursuing non-payment of rent and advice on actions in case of rent arrears
• One property inspection at 6 months from beginning of new tenancy. Yearly and additional requested inspections chargeable
• Arrangement of routine repairs, instruction and management of approved contractors works
• Key holding throughout tenancy
• Inventory on check in