Fees Information
Fees to Landlords
Additional Non-Optional Fees and Charges (Irrespective of level of service)
| Deposit Registration fee: | &FOC Managed & Tenant Find Properties |
| - Register landlord and tenant details and protect the security deposit with a government-authorised scheme. - Provide the tenant(s) with the deposit certificate and prescribed information within 30 days of start of tenancy. |
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| Additional property Visits: | FOC Managed properties |
| - To attend for specific requests such as neighbour disputes; more visits re required to monitor the tenancy; or any maintenance linked visit. | |
| Submission of non-resident landlords receipts to HMRC | £FOC Managed properties |
| - To remit and balance the financial return to HMRC quarterly- and respond to any specific query relating to the return from the landlord or HMRC. | |
| Arrangement fee for works over | £FOC Managed properties |
| - Arranging access and assessing costs with contractor - Ensuring work has been carried out in accordance with the specification of works. - Retaining any warranty or guarantee as a result of any works. |
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| Arrangements fee for refurbishments over | £FOC Managed Properties |
| - Arranging access and assessing costs with contractor. - Ensuring work has been carried out in accordance with the specification of works. - Retaining any warranty or guarantee as a result of any works. |
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| Obtaining more than two contractors quotes | £FOC Managed Properties |
| Rent review fee | £FOC Managed Properties |
| - Review rent in accordance with current prevailing market condition and advise the landlord. - Negotiate with tenant. - Direct tenant to make payment change as appropriate. - Update the tenancy agreement. - Serve Section 13 notice if tenancy is on rolling monthly basis. |
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| Checkout Fee (landlords Share) | £60 Inc Vat Tenant Find Properties £FOC Managed Properties |
| - Agree with tenant check out date and time appointment - Instruct inventory provider to attend - Negotiate with landlord and tenant any disbursement of the security deposit - Return deposit as agreed with landlord and tenant to relevant parties - Remit any disputed amount to scheme for final adjudication - Unprotect security deposit - Instruct contractors; obtain quotes; organise repairs/replacement/cost of any broken or missing items |
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| Court Attendance Properties | £20.00 (Inc Vat) Per Hour Tenant Find Properties £FOC Managed Properties |
If you have Any Questions on our Fees please contact us
| Level Of Service Offered: Tenant Find: | £238.00 (Inc Vat) |
| Includes: - Collect and remit initial months rent received - Agree collection of any shortfall and payment method - Provide tenant with method of payment - Make any HRMC deduction and provide tenant with the NRL8 (if relevant) |
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| Rent Collection | Price dependant on rent |
| Includes: - Collect and remit initial months rent received - Deduct and pre-tenancy invoices - Agree collection of any shortfall and payment method - Provide tenant with method of payment - Deduct any pre-tenancy invoices - Make any HRMC deduction and provide tenant with the NRL8 (if relevant) - Fully Managed Price dependant on rent - Collect and remit the monthly rent received - Pursue non-payment of rent and provide advice on rent arrears actions - Deduct commission and other works - Advise all relevant utility providers of changes - Undertake two inspection visits per annum and notify landlord of the outcome - Arrange routine repairs and instruct approved contractors (providing two quotes) - Hold keys throughout the tenancy term |
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| Rent Collection | Price dependant on rent |
Additional non-optional fees and charges (irrespective of level of service):
| Setup Fee (landlords share): | £114 (Inc Vat) Managed properties |
| Includes: - Agree the market rent and find a tenant in accordance with the landlord guidelines - Advise on refurbishment - Provide guidance on compliance with statutory provisions and lettings consents - Carry out accompanied viewings (as appropriate) - Market the property and advertise on relevant portals - Erect board outside property in accordance with town and country planning Act 1990 - Advise on non-resident tax status and HMRC (If relevant) |
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Fees To: Tenants
Fees applying to all new tenancies from 1st June 2019
We may charge a tenant any or all of the following when required:
- the rent;
- a security deposit with a maximum of 5 weeks rent, or 6 weeks on a property with rent over £50,000 per year;
- a holding deposit of no more than one weeks’ rent;
- default fee for late payment of rent (after 14 days);
- reasonable charges for lost keys or security fobs;
- payments associated with contract variation, at £50 or reasonable costs incurred if higher, when requested by the tenant;
- payments associated with early termination of the tenancy, when requested by the tenant; and
- payments in respect of bills - utilities, communication services, TV licence, council tax and green deal or other energy efficiency charges.
Fees applying to all pre-existing tenancies entered before 1st June 2019
We shall continue to apply the charges within the existing tenancy agreement until 31st May 2020.
Before you move in:
| Set up Fee (tenant’s Share) | £FOC |
| - Referencing up to two tenants (identity, immigration and visa confirmation, financial credit checks, obtaining references, from current or previous employers/ landlords and any other relevant information to assess affordability) as well as contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement. | |
| Additional Tenant Fee: | £120.00 (Inc Vat) per tenant |
| - Processing the application, associated paperwork and referencing. | |
| Guarantor Fee: | £120.00 (Inc Vat) Per Guarantor (if required) |
| - Covering credit referencing and preparing a deed of guarantee as part of the tenancy agreement | |
| Permitted occupier Fee: | £FOC |
| - Explaining to any permitted occupier their rights and responsibilities towards the named tenant(s) and landlord as well as the provision of documentary guidance and assistance during the tenancy. | |
| Accompanied check-in fee: | £FOC |
| - Preparing an inventory and schedule of condition of the property, explaining how appliances function and taking meter readings for utilities and services. | |
| Pet Deposit: | Returnable additional security deposit of £100.00 |
| - To cover the added risk of property damage, this will be protected with your security deposit in a government- authorised scheme and may be returned at the end of the tenancy. | |
During your tenancy:
| Amend tenant’s details | £60.00 (Inc Vat) |
| - Amendment fee - Contract negotiation, amending terms and updating your tenancy agreement during your tenancy |
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| Renewal Fee (tenant’s share): | £60.00(Inc Vat) if requested by tenant |
| - Contract negotiation, amending and updating terms and arranging a further tenancy and agreement | |
| Ending your tenancy: | £FOC |
| - Check out fees (tenants share) - Attending the property to undertake an updated schedule of condition based on the original inventory and negotiating the repayment of the security deposit(s) | |
| Future landlord reference fee: | £FOC per reference request |
| - Collating information and preparing a reference for a future landlord or letting agent | |
| Other fees and charges: | £FOC |
| - Lost security items - Obtaining necessary permissions, sourcing providers and travel costs | |
| Out of hour’s services: | £20.00 per hour (Inc vat) plus any actual costs incurred |
| - Where actions of the tenant results in the agent (or nominated contractor) attending the property, time to remedy the situation is changed at the prevailing rate | |
Rent Chase Fees
| Emails and texts | £5.00 |
| Letters: | £12.00 |
| Property Visits: | £25.00 |
| Unpaid rent/returned payments | Interest at 8% above Bank of England base rate from due |
| Professional cleaning (if required): | £20.00 (Inc Vat) Per Hour which will be deducted from the security deposit |
| - Only charged were professional cleaning is necessary to return the property to the same condition as at the start of the tenancy | |
| IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE CONTACT US | |