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