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TENANT APPLICATION FEES - All fees are inclusive of VAT at 20%
Due to the recent ASA (Advertising Standards Authority) ruling regarding tenant fees, please find below a list of charges made to a tenant by Belvoir Erdington.
Single Application Fee - £252.00 Including VAT
Joint Application Fee - £324.00 Including VAT
Additional Tenant Fee - £150.00 Including VAT
Guarantor Fee - £150.00 Including VAT
Student Fee - £120.00 Including VAT
Landlord Fees - All fees are inclusive of VAT at 20%
Full Property Management
Set up Fee = 60% of first months rent icluding VAT and monthly management fee of 12% Including VAT. Expressed as a % of rent and charged from the rent each month.(E.g 'if the monthly rental was £550.00, you would pay a set up fee of £330.00 and a monthly management fee of £66.00 including VAT) Please note that should the agreed monthly rental be higher or lower that the above example provided, the monthly fees will be correspondingly higher or lower.
Tenant Find/Let Only Fees
1 month’s full rent inclusive of VAT charged at signing of Tenancy agreements. (E.g 'if the monthly rental was £550.00, you will pay a fee of £550.00 including VAT) Please note that should the agreed monthly rental be higher or lower that the above example provided, the set up fee will be correspondingly higher or lower.
Other Belvoir Erdington Fees - All inclusive of VAT
Preparation of paperwork for Alternative Dispute Resolution - £100.00 Including VAT.
Duplicate Statements - £3.00 Including VAT per statement
Tenancy re-signing fee - £60.00 Including VAT (Equivalent to 50% share of total fees)
Inventory Preparation - £120.00 Including VAT
Vendor Fees - Inclusive of VAT
Energy Performance Certificate - £65.00 Including VAT
Gas Safety Certifcate - £65.00 Including VAT
Property sales fee is set at 1.8% including VAT of the final selling price of each property sold, (Eg - 'if your property sells for the asking price of £100,000, you will pay a fee of £1800.00 including VAT')
We are a member of The National Approved Letting Scheme, The Property Ombudsman & Safe Agents
Where Full Management or Letting and Rent Collection service is cancelled during the tenancy (including any extensions) a notice period of 3 months will be required in writing from the landlord as well as a cancellation fee of £420.00 including VAT. This will be deducted from the final rental payment.