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Landlord Fees

Tenant find only:

First months rent inc VAT (minimum fee of £714 inc vat)

  • Stephen Tew will market the property both on Rightmove, our web-site, facebook page and on property portals to which we subscribe
  • Inform applicants from our database via phone, SMS or email details of your property
  • Erect a To Let board at the property
  • Advise on preparation of property for letting including compliance issues
  • Carry out accompanied viewings, if required, providing feedback to you
  • Negotiate all offers
  • Reference and credit check tenants
  • Prepare Tenancy agreement and required paperwork
  • Carry out Professional Inventory for a property
  • Check in new tenants and take meter readings
  • Collect first months rent and forward the balance and deposit to you less our fee
  • Notify utility services and councils of change in occupancy and meter readings

*Any outstanding balance must be settled before the tenancy commences*

Rent Collection Service:

8% +VAT (9.6% inc VAT) per month with initial set up fee of £395+ VAT (£474 inc VAT)

  • Place deposit into the TDS on your behalf
  • Collection of each month’s rent payment and forward balance to you
  • Issue of monthly and annual statement Immediately notify you of late or non-payment
  • Immediately pursue non-payment of rent and advise on measures to take

Full Management Service:

10% + VAT (12% inc VAT) per month with initial set up fee of £395+ VAT (£474 inc VAT)

  • Carry out Tenant find and rent collection services as above
  • Conduct property inspections and notify the landlord of any issues
  • Arrange, supervise and instruct routine / minor repairs having submitted at least two quotes to the landlord for approval when necessary
  • Arrange for your annual gas safety check to be carried out
  • Hold a management set of keys throughout the term of the tenancy
  • Negotiate any renewal request
  • On termination of tenancy check tenants out and carry out a full inspection
  • Arrange, supervise and instruct any remedial work or cleaning having submitted at least two quotes to the landlord for approval
  • Negotiate the return of the deposit in line with the terms of the tenancy agreement and The TDS guidelines
    Annual statement of your account

Additional Fees and Charges (if applicable)

  • Amendment of or renewal of tenancy agreement (at Landlords request)- £100 + VAT (£120 inc VAT)
  • Renewal of tenancy agreement at end of term (included with the fully managed package)- £100 + VAT (£120 inc VAT)
  • Service of notices: Serve Sections 8 or 21 Notices £100 + VAT (£120 inc VAT) and Section 13 Notice £50 + VAT (£60 inc VAT)
  • Abortive tenancy fee, payable if you inform us that you do not wish to proceed with the tenancy once we have found you a suitable tenant – £395 + VAT (£474 inc VAT)
  • Purchase of the property by the tenant. Fee due on completion of sale 1.0% of the purchase price if the property is sold to the tenant during or within 12 months of the expiration of the tenancy