Reading Estate Agents

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.

Rent Recovery Plus & Legal Protection: