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Landlords' fees

 

Tenancy agreement & Administration Charge: 30% of the first month’s rent inclusive of VAT.

This will include the preparation of the tenancy agreement, the checking of references, the setting up of standing orders and the notification of utility companies (utilities notification for Fully Managed properties only).

Levels of Service

Fully Managed: 15.6%* per calendar month inclusive of VAT.

This service involves receiving your tenant(s) rent by standing order, accounting each month to you for the rent received, drawing up a statement for each month in which there has been some activity and forwarding the same to you (after deducting our fees and expenses), conducting visits to the property (and reporting our findings to you) recording Gas Safety Record renewal dates, tenancy renewal dates and arranging for repairs and maintenance to be carried out to the property when instructed.

Rent Collection Service: 13.2%* per calendar month inclusive of VAT.

Rent Collection Service. This service involves receiving your tenant(s) rent by standing order, accounting each month to you for the rent received, drawing up a statement for each month in which there has been some activity and forwarding the same to you (after deducting our fees and expenses).

Letting and Rent Collection Service. This service involves both the Lettings Service as described in the below section (Let only) together with the Rent Collection Service as described above. Accordingly, we will market your property for letting, find tenant(s) for your property, take and verify references from the tenant(s), arrange for the tenancy agreement to be completed by you and the tenant, receive your tenant(s) rent by standing order, account each month to you for the rent received, draw up a statement for each month in which there has been some activity and forward the same to you (after deducting our fees and expenses).

Let Only: One month’s rent +VAT* (Standard let only charge). Please contact our office direct for a property specific quote/price.

This service includes marketing your property for letting, finding tenant(s) for your property, taking and verifying references from the tenant(s), arranging for the tenancy agreement to be completed by you and the tenant. We will not however, collect rents or manage the property.

*All fees based on the gross rental for the period of the tenancy.

 

Inventory Creation: Should you wish us to arrange the creation of a brand new inventory for your property, then we can instruct a third party inventory company to do so at the following costs (dependent on the size of the property).

Type               Furnished      Unfurnished

Studio              £114                £102

1 bedroom       £126                £108

2 bedroom       £150                £126

3 bedroom       £180                £150

4 bedroom       £210                £162

5 bedroom       £234                £186

6 bedroom       £264                £222  

All inclusive of VAT.
 

Inventory update: 

Should an update to the original inventory creation be required ahead of any new tenancy then the following costs would apply.
 

Updates to Exec PM Ltd Inventories

Furnished property updates:              £78 inclusive of VAT per update.

Unfurnished property updates:           £66 inclusive of VAT per update.

 

Updates to Inventories of other providers       

Furnished property updates:                                    
From £78 to £114 depending on the number of bedrooms, inclusive of VAT per update.

Unfurnished property updates:                                  
From £66 to £102 depending on the number of bedrooms, inclusive of VAT per update.

?Renewal of Tenancy:                     
£60 inclusive of VAT per each renewal.

This will include the drawing up and issuing of new agreements as required.

Property Visits (Managed properties only):
£50 inclusive of VAT per each visit.

If you require further property visits you should notify us in writing and when you wish these to be carried out during the tenancy. These will incur the above charge per visit booked.

Void Periods:
£50 inclusive of VAT per visit.

Our management service does not include security or supervision of your property when it is not let, although in the course of finding you a Tenant(s), periodic visits may be made by our lettings staff. Further visits can be made at the above charge for each additional visit, upon receipt of your written instructions. It should be appreciated that any such visit can extend only to apparent and obvious defects and will not amount in any way to a structural survey of the property. We cannot accept responsibility for hidden or latent defects.

Landlord Approval:
£50inclusive of VAT per quarterly payment.

Where a Landlord goes abroad for a period of six months or more the Agent (if they collect the rent) or the Tenant (if they pay the rent directly to the Landlord) would be required to deduct tax directly from the rent and forward to the Inland Revenue, unless the Landlord has sought Inland Revenue Approval.

If no approval notification and documentation is provided to Winkworth and we are instructed to collect the rent or manage the property, tax will be deducted at the prevailing rate and forwarded quarterly to the Inland Revenue, in such cases we would make an administration charge of the above figure per quarterly payment.

Tenants fees

 

All fees shown are inclusive of VAT at the current rate. 

NEW TENANCIES
Reservation Fee: £500.00. 
This fee is taken to reserve the property and remove it from the market subject to availability, approved references & signed contracts. The amount is offset against the moving in balance. Please note that a proportion of the fee (£300.00) is non-refundable if you withdraw your application or your references prove unsatisfactory. Your reservation fee will be refunded in full should the Landlord not proceed for reasons other than the above. 
 

Card Payment Processing FeesThere is a surcharge of 0.75% plus 0.20p for payments made by debit card. A surcharge of 3% is made for all payments made by credit card. (Via Goodlord online platform).

Agency fees: 36% of one month’s rent  
For up to two tenant applications. This cost includes all pre-move in costs for the application and initial tenancy agreement (excluding inventory check in cost).

Additional References Fees: £90.00 per Tenant application is levied if more than two tenants require referencing. All referencing is undertaken and completed via a third party organisation. 

Guarantor: £90.00 per guarantor application. 

Rent: One month’s rent payable in advance. This payment will be in addition to the required security deposit and any applicable agency fees which will also be required in advance.

Deposit: One and a half months’ rental as deposit (in most cases) to be held in a Government approved scheme, due in advance.

INVENTORY CHECK IN/OUT FEES:
For the costs involved for the checking of the inventory at the beginning of your tenancy (the check in) and again at the end of your tenancy (the checkout) please refer to the scale of charges below.

 Type                               Check in                                     Check out 
                             Furnished        Unfurnished           Furnished         Unfurnished    
Studio                       £102                 £90                      £114                 £102
1 Bedroom               £114                 £96                      £126                 £108
2 Bedroom               £120                £114                     £144                 £120
3 Bedroom               £138                £126                     £150                 £132
4 Bedroom               £174                £138                     £162                 £144
5 Bedroom               £192                £162                     £186                 £168

Larger properties are subject to quote. 

 

CHANGE OF TENANCY 

Deed of Assignment: 36% of one month’s rental. 
Should you wish to amend the named Tenant(s) during the tenancy then the above fee will be levied. Any application to amend the tenancy details will be subject to Landlord agreement & receipt of successful referencing. This cost will include the referencing of any new tenant (up to two applicants only), drawing up of the actual assignment, and re-registration of the deposit.

RENEWAL OF TENANCY: £60.00 per tenancy renewal. 
This will include the drawing up and issuing of new agreements as required as well as re-registering of any held deposit. 
 

OTHER CHARGES (which may be applicable during/after your tenancy)

Late rental payment charge: £30
Rental payments must be paid on time and in one single instalment electronically by standing order or electronic transfer. Any late payments will be subject to an administration charge of the above amount, per late payment.

Late rental payment charge (in excess of seven days):  £15
Any late payment of rental in excess of seven days will be subject to an administration charge of the above figure each time written correspondence is entered into.

Rejected Payments: £30
Any rejected payments such as standing orders will be subject to a charge of the above figure in each instance.

Pre-arranged appointment: £30
Where maintenance work needs to be carried out, your presence is required to allow contractors access to carry out the necessary repairs (unless a pass key is available and the appointed contractor is authorised to collect our key). If you fail to attend a pre-arranged appointment time there will be a call out charge of the above figure.

Property Call out charge: £30
Should we be called out to the property on your behalf, for any reason, a call out charge of the above figure will be levied to you.

Additional Keys: £25
Any keys, car park fobs and parking permits lost or misplaced will be charged accordingly, in addition to the above additional fee being charged.

Landlord Reference: £30
Should you require a reference we can provide this upon request where we have managed the tenancy for your Landlord. The cost of this is £30 payable at time of request and in advance of issue.