Landlord Services and Fees

Standard Management Service

Initial set up fee of £295.00

Monthly charges 8% of the monthly rental figure

This service will include:

• Attending at the property to give advice on rent/tenancy terms, if required
• Marketing the property and attracting prospective tenants
• Arranging and attending viewings
• Tenant find
• Register landlord and tenant details and protect the security deposit with a government-authorised scheme (DPS)
• Provide the tenant(s) with the Prescribed Information within 30 days of start of tenancy
• Arranging gas, electrical and other safety checks where required
• Arranging a comprehensive inventory and condition report of the property, including photos
• Provide a bespoke Assured Shorthold Tenancy Agreement
• Notifying the local authority and utilities of the new tenant
• Hand keys to tenants on tenancy start date once all paperwork is completed
• Undertaking regular visits to the property and providing a written condition report
• Arranging for any repairs and maintenance, arranging access and assessing costs with contractors, retaining any warranty or guarantee as a result of any works
• Collect and remit the monthly rent
• Pursue non-payment of rent and provide advice on rent arrears actions
• At the end of the letting we will repeat this procedure with a view to finding a new tenant, with the shortest void period as possible between tenancies
• Hold keys throughout the tenancy term    

Additional charges:

Tenant Referencing charges

• £50.00 per applicant per property (with the exception of student properties). Full referencing including income and previous landlord references, also including right to rent checks

• Student properties - £100.00 per person per property to include referencing of guarantors

Tenancy Renewal fee / Rent Review                   £50.00

• Contract negotiations, ending and updating terms and arranging a further tenancy and agreement
• Review rent in line with current prevailing market conditions and advise landlord and tenant accordingly

Alterations to the Tenancy Agreement               £25.00

• If any additional clauses or amendments are requested by the landlord

End of tenancy Check-Out fee

• Check out 1 bed property                             £80.00
• Check out 2 bed property                             £95.00
• Check out 3 bed property                             £120.00
• Check out 4 bed property and over              £150.00

This sum will be deducted from the final rental payment received by Rental Remedies

Yearly Gas Safety Certificate                               £65.00

• Maintaining and organising annual checks in accordance with regulations

Legionnaires Risk Assessment                          POA

• Arrange for risk assessments to be carried out at least every 2 years

Electrical safety inspection                                POA (dependant on size of  property)

• To check safety of electric sockets and wiring when required

Energy Performance Certificate                         £85.00

• Arranging for a certified assessor to carry out the assessment

Portable Appliance Testing                                POA (dependant on number of items)

• Examination of electrical appliances and equipment

Sale of the Property                                            1% of the sale price

• If exchange of contracts occurs with anyone introduced by Rental Remedies, this fee is payable on completion of the sale

Sale of Premises to a Third Party                      £350.00

• We reserve the right to charge a release fee if the tenant introduced by ourselves remains in occupation after the property has been sold

Termination/Early Release Fee                          £250.00

• Charged for any early release of the contract where three months notice has not been given or the tenant introduced by ourselves remains in occupation after this time, this sum will be deducted from the final rental payment

Section 21 Notice                                                £75.00

• Served in order to gain legal possession of the property, a further £60.00 per hour charged if we are required to attend a court hearing

Rent Guarantee Insurance                                    POA

• Insurance against non payment of rent, details available on request.

Tenant eviction insurance                                      POA

• Covers the legal costs involved in evicting a tenant from the property.     

Key Cutting                                                           £10.00 minimum charge

• Arranging duplicate keys and forwarding to landlord
• Price is dependent on key type

Property Cleaning                                                 £15.00 per hour

• Arrange for the property to be cleaned pre or post tenancy

Property insurance claims                                    £60.00 minimum charge

• Submitting and processing claims on behalf of the landlord
• Further hourly charge of                             £30.00 per hour

Tenant Find Only Service:

Charged at 50% of the first months rental value or £395.00, whichever is greater

i.e. Rent of £800 per month would be charged at £400.00

• Attending at the property to give advice on rent/tenancy terms, if required
• Marketing the property and attracting prospective tenants
• Arranging and attending viewings
• Preparation of Assured Shorthold Tenancy Agreement
• Taking and protecting the security deposit with Deposit Protection Scheme(DPS) (if required)
• Settling terms with the prospective tenant and yourselves
• Taking and transferring initial rental monies  to landlord’s bank account less agreed fees and expenses
• Handing keys and landlord details to tenants on tenancy start date once all paperwork is completed

Additional charges (if required):

Tenant referencing charges

• £50.00 per applicant per property (with the exception of student properties). Full referencing including income and previous landlord references, also including right to rent checks
• Student properties - £100.00 per person per property to include referencing of guarantors

Tenancy renewal fee / Rent Review                     £120.00

• Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
• Review rent in accordance with current prevailing market conditions and advise landlord and tenant accordingly

Alterations to the Tenancy Agreement                £35.00

• If any additional clauses or amendments are requested

Yearly Gas Safety Certificate                                £65.00

• Maintaining and organising annual checks in accordance with regulations

Legionnaires Risk Assessment                            POA

• Arrange for risk assessments to be carried out at least every 2 years

Electrical safety inspection                                  POA

• To check safety of electric sockets and wiring when required
• Price dependant on the size of the property

Energy Performance Certificate                          £85.00

• Arranging for a certified assessor to carry out the assessment

Portable Appliance Testing                                  POA

• Examination of electrical appliances and equipment
• Price dependant on the number of items to be tested

Comprehensive Inventory                                  £60.00-£180.00

• Price varies according to size of the property and whether it is to be let furnished or unfurnished
• Pictures included

End of tenancy Check-Out fee

• Check out 1 bed property                              £90.00
• Check out 2 bed property                              £105.00
• Check out 3 bed property                              £130.00
• Check out 4 bed property and over               £160.00

Section 21 Notice                                                  £75.00

• Served in order to gain legal possession of the property
• A further charge of £60.00 per hour is payable if we are required to attend a court hearing