Answer
We offer a FREE Letting Appraisal - thereafter our fees with effect from 11/11/2021 are as follows:
Letting of Property (Sole Agency)
Let Only Service
We charge a letting fee of 75%+VAT of the first month's rent with a minimum fee of £375 inc VAT
Example 1: Based on a rent of £400 pcm our letting fee would be £375 minimum fee inc VAT (£312.50 net + £62.50 VAT)
Example 2: Based on a rent of £600 pcm our letting fee would be £540 inc VAT (£450 net + £90 VAT)
With this service additional fees or charges may apply - see below for details:
Let & Standard Management Service
We charge a letting fee of 50%+VAT of the first month’s rent each time a new letting is carried out and a management fee of 12% inc VAT (10%+VAT) of the rent collected
Example 1: Based on a rent of £400 pcm our letting fee would be £240 inc VAT (£200 net + £40 VAT). Our management fee would be £48 inc VAT (£40 net + £8 VAT)
Example 2: Based on a rent of £600 pcm our letting fee would be £360 inc VAT (£300 net + £60 VAT). Our management fee would be £72 inc VAT (£60 net + £12 VAT)
With this service additional fees or charges may apply - see below for details:
Repairs or Expenses
We charge an administration fee of 6% inc VAT (5%+VAT) of the invoice total subject to a minimum fee of £3 inc VAT and a maximum fee of £90 inc VAT
Example 1: Based on a repair invoice of £30 our admin fee would be £3 inc VAT
Example 2: Based on a repair invoice of £300 our admin fee would be £18 inc VAT
EPC (Energy Performance Certificate)
To arrange for the commissioning of an EPC report we charge a fee of £9 inc VAT plus the report cost
Tenancy Deposit Scheme (TDS)
Where we hold deposit monies, we charge an annual fee of £15 inc VAT
Spare Keys
To obtain duplicate keys for a property we charge a fee of £6 inc VAT plus the key costs
Void Inspections
To attend specific vacant (void) inspection requests we charge a fee of £12 inc VAT per visit
Additional Inspections
To carry out a weekly visit to the communal areas of a Section 257 HMO property (as defined by the Housing Act 2004) we charge a fee of £36 inc VAT per calendar month
Non-resident landlord return to HMRC
To remit quarterly return to HMRC and respond to specific queries we charge a fee of £12 inc VAT
Rent Review Fee
To review market rent, negotiate terms, update agreement, serve S.13 notice we charge a fee of £60 inc VAT
New Fixed Term Tenancy Agreement for Existing Tenants
This will apply in circumstances where a new fixed term tenancy agreement is required or agreed between the parties. To negotiate terms & to arrange for a new fixed term tenancy agreement to be signed we charge a fee of £114 inc VAT
Standard Inventory Fee
To prepare a standard inventory, which is required for each letting, we charge a fee of £60 inc VAT per letting
Upgraded Inventory Fee
To prepare a more detailed inventory with photographs, which is an option for each letting, we charge a fee of £150 inc VAT per letting
Deposit Dispute
To prepare and submit deposit dispute paperwork to TDS we charge a fee of £30 inc VAT
Rent Arrears letter from Solicitor
To arrange for a solicitor to prepare and send a rent arrears letter we charge a fee of £30 inc VAT
Notice requesting Possession
To prepare and deliver a S.21 notice requesting possession we charge a fee of £30 inc VAT
Accelerated Possession
To prepare and submit possession paperwork to the Court we charge a fee of £114 inc VAT plus the Court costs
Court Attendance
Our fee to attend a Court hearing is charged at £60 inc VAT per hour
Other Charges/Information
Details of our fees or charges are provided to you in our Terms of Business before we market your property. We will inform you about any other fees or charges that may arise or become due and which are not referred to in our Terms of Business.
The 'Let Only Service' or 'Let & Standard Management Service' letting fee includes all our promotional costs other than any specifically agreed expenditure. In addition, for your peace of mind, you will also benefit from our 'No Let - No Fee' guarantee.
IF YOU HAVE ANY QUESTIONS ABOUT FEES, PLEASE ASK A MEMBER OF STAFF