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Landlords
Let Only service:
- A fee equivalent to One Month's Rent including VAT
Essential Management service:
- A tenant finder fee to the value of £250 (+VAT) will be applied then Management commission equivalent to 12% (14.4% VAT inclusive) of the rent collected.
- Where a service license is required a one-off fee of £200 (+VAT) will be applied for completion of the application process and for the Agent to act as license holder.
- Sale of the property; in the event of the tenant or anyone introduced by the Agent purchasing the property, a fee to the value of 2% (+VAT) of the selling price or a minimum of £829.16 (+VAT) (£995 inclusive of VAT) will be payable by the owner to the Agent.
- If the Owner withdraws from this agreement and continues to let to a tenant introduced by the Agent, 12% (+VAT) (14.4% VAT inclusive) of the rent for six months will be payable on termination to the Agent as a Termination Fee.
- If the Owner requests the tenancy be brought to an end due to no fault of the Tenant, to pursue a sale of simple to acquire vacant possession, 12% (+VAT) (14.4% VAT inclusive) of the rent for six months will be [payable on termination to the Agent as a Termination Fee.
- The Agent reserves the right to charge Third Party Commissions.
- Additional Fees may be incurred where the Owner is not a UK resident landlord.
- Processing of Non-Resident Landlord Submissions for landlords outside of the UK attracts a premium of 2% (+VAT) (2.4% VAT inclusive).
- Management of a HMO (House of Multiple Occupation) attracts a premium of 2% (+VAT) (2.4% VAT inclusive), including holding and processing of a HMO License as required by the Local Authority.
- Tenancy Renewal, issue of all required paperwork to extend a tenancy, one off fee of £62.50 (+VAT) (£75 VAT inclusive).
- Court Attendance of Attendance at a Bailiff Eviction charged on an hourly basis of £30 per hour required including VAT.
- Landlord chooses to withdraw after making an offer to a Tenant and after Tenant signs, attracts expenses to a maximum of £259 (+VAT) (£200 VAT inclusive).
- Issue of Legal Paperwork to court in order to gain possession of a property due to non-payment / ASB on behalf of the tenant, attracts a fee of £40.83 (+VAT) (£49 VAT inclusive).
- Request by the Owner to visit the property or any other related address / organisation for reasons outside this agreement, attracts a fee of £25 for a Tenancy Co-ordinator or Maintenance Manager, £40 per hour for Company Director (+VAT).
- If requested by the Owner in addition to the remote video inspection schedule, physical property inspections can be commissioned at a rate of £40.83 (+VAT) (£49 VAT inclusive).
- Should the Agent be required to prepare paperwork or make additional property visits for the purpose of an insurance claim, an hourly rate for the time required will apply of £25 (+VAT) per hour.
- Should the Agent be requested by the Owner to attend a Property when no active tenancy is in place, an hourly rate for the time required will apply of £25 (+VAT) per hour for a Tenancy Co-ordinator or Maintenance Administrator and £40 (+VAT) per hour for Company Director.
- Should the Owner refuse or delay to comply with the requirements of any Council notice, requirement under a HMO or Selective License, and/or requirement to comply with the HHSRS, the Agent will be entitled to reimbursement for additional time incurred at £25 (+VAT) per hour for a Tenancy Co-ordinator or Maintenance Administrator and £40 (+VAT) per hour for Company Director in order to resolve the matter.
- Should a Tenant be subject to excessive delay whilst without provision of heating and/or hot water supply during the winter months and as a result of unreasonable delay by the Owner, the Agent will provide the tenant a Heating Pack, at a cost of £25 (+VAT) per week plus a charge for delivery and collection thereof.
- Should the Owner wish to use their own appointed contractor but utilise the services of the Agent in managing the contractor, a fee will be attracted of £25 (+VAT) per hour for a Tenancy Co-ordinator or Maintenance Administrator and £40 (+VAT) per hour for Company Director. The Agent cannot take any responsibility for the works completed, any loss, error or damage caused by the Owner's appointed contractor as they will not have completed our vetting and checking procedures.
- Any other request by the Owner for reasons outside of this agreement, attracts a fee of £25 for a Tenancy Co-ordinator or Maintenance Administrator, £40 per hour for Company Director inclusive of VAT.
- Should the Owner request the Agent provide assistance to secure or progress a sale, where the Agent is not the selling party, this will attract a fee per hour of £25 (+VAT) for a Tenancy Co-ordinator or Maintenance Administrator, £40 (+VAT) per hour for Company Director.
- Deposit Protection Service Dispute; should the Agent be required to prepare and submit a case in order to reclaim any bond, a rate of £25 inclusive of VAT for hours will be charged.
Portfolio Growth and Portfolio Rescue service:
- Fees as detailed above in points 2-23 inclusive.
- Growth and Development commission equivalent to 3% (+VAT) (3.6% VAT inclusive) of the rent collected.
Additional services:
- Buy to Let Advisory Service - initial consultation and investment plan - £250 + VAT (£300 VAT inclusive).
- Property Acquisition Service - paid on completion of any property purchase introduced by the Agent - £2083.33 + VAT (£2500 VAT inclusive).
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