Landlord – Dev

Letting your home . . .
what you need to know

Letting your property

Our Letting Agents’ and Property Management fees. Our property manager is members of ARLA and we are also covered by Client Money Protection and Property Redress Scheme, there may be other costs and charges from time to time.

Fees to Landlords

Level of service offered:

Letting Service

Sole Agency:
8% plus VAT (9.6% inc VAT) of the annual rent for the initial term of the contract.

Multi Agency:
10% plus VAT (12% inc VAT) of the annual rent for the initial term of the contract.

N.B. If the length of the initial contract term is for 2 years, our fee will be taken for 2 years in advance.

Full Management Service:

(In association with Home Minders)
5% plus VAT (6% inc VAT) of the annual rent for the initial term of the contract plus a one-off charge of £275 plus VAT for the preparation and administration of the new tenancy agreement.

Renewal Commission:

7% plus VAT (8.4% inc VAT) of the annual rent – for the second term. 6% plus VAT (7.2% inc VAT) of the annual rent – for any subsequent renewal terms.

John Pheonix — Sales Director

John is a real estate agent with more than fifteen years of competitive experience. John worked prolifically across Prime Central London for a long-established developer, Berkeley Homes. He was responsible in selling West End Gate, Ebury Square, 190 Strand and 375 High Kensington .

A Grade II-listed 17th-century house in Hadleigh, Suffolk, lovingly restored with a considered colour palette and an outdoor workshop

Letting Service

Full Management
Service

FMS

Provide a market appraisal and agree asking price

Marketing the property and advertise on all major portals

Conducting viewings

Negotiating a tenancy

Taking a holding deposit

Full credit check and references

Right to Rent checks

Creating the tenancy agreement

Organising electrical safety inspection (if required)

Organising gas safety inspection (if required)

Arranging an inventory, check in and professional clean (if required)

Registering deposit monies with the Tenancy Deposit Scheme

Provide tenant with method of payment

Deduct any pre-tenancy invoices

Make any HMRC deduction and provide tenant with NRL8 (if relevant)

Negotiating any renewal of the tenancy and prepare the renewal agreement

Collect and remit the monthly rent received

Deduct commission and other works

Provide periodic landlord statements in line with rental payments

24-hour emergency cover

Arranging payment of outgoings i.e. service charges, professional fees etc.

Deduct commission and other works

Ensure the landlord complies with their statutory obligations

Advise all relevant utility providers of your new tenants details, where applicable

Arranging Rent & Legal Protection Insurance, if required

Undertake quarterly inspection visits and report to the Landlord

Arranging repairs and maintenance as required and obtain approval from the Landlord for expenditure in excess of £100 and will obtain two quotations for any substantial works required

Pursue non-payment of rent and provide advice on rent arrears actions

Hold keys throughout the tenancy term

Negotiating any potential deductions from the tenancy deposit

LS = Letting Service
FMS = Full Management Service