Our Expert Landlord Services And Fees in Milton Keynes
Belvoir Milton Keynes
Property management services - landlord costs:
Fully Managed Service
Full Management:
- £400.00 incl VAT initial admin fee & Identity & Sanction Checks, plus 12% incl VAT of the rent per month to be deducted from the rent as received.
Other Services included in initial fee:
- There is a compulsory inventory fee payable (£120.00 incl VAT minimum charge. VAT Please refer to inventory charges page).
- Regular scheduled property visits (unless Landlord requests additional visits during the tenancy – charged at £60 incl VAT per visit
- Post Letting Service – Tenant Move Out, Inventory Check and Damage Report
Legal & Rent Guarantee :
- See Scale of Charges:Must be requested prior to commencement of tenancy.
Other Charges
Tenant Referencing: Included in initial admin fee
Guarantor Referencing: £48.00 incl VAT per Guarantor
Check in/out fee: Included in initial admin fee
Void property Inspections: £60.00 incl VAT
Key Cutting: £12.00 incl VAT + cost of each key cut (e.g. 2 Yale type keys total costing £7.00 incl VAT each would incur the fee of £12.00 incl VAT total cost £26.00)
Service of Notices:
Section 13 Rent Increase,
Section 21 Possession, Section 8: £72.00 (incl VAT) per notice served
Court attendance for possession: £84.00 (incl VAT) per hour
Insurance claim handling fee: 12% (incl VAT) of cost of works before VAT (Minimum charge of £240.00 Inc VAT)
Appliance ordering fee: £30.00 (incl VAT)
Professional hourly rate: £84.00 (incl VAT) per hour
Waiting Fee: £84.00 (incl VAT) per hour
Re-signing fee: £180.00 (incl VAT)
New tenancy fee: £400.00 (incl VAT) payable where the Agent, with your agreement, arranges a new tenancy with a new tenant
Alternative Dispute Resolution: £120.00 incl VAT per hour to prepare and submit documentation to ICE
New tenancy fee:
- £180.00 incl VAT payable where the Agent, with your agreement, arranges a new tenancy with a new tenant
- Legionnaires Disease Risk Assessment: £30.00 incl VAT (Not Test)
- Alternative Dispute Resolution: £120.00 incl VAT per hour to prepare and submit documentation to ICE
Cancellation
If a property is withdrawn once tenant has been secured and satisfactorily referenced a mimimum of 60% of one months rent (inc VAT) will be payable.
Where Full Management service is cancelled by either party during the fixed term of the tenancy 60% of one months rent (incl VAT) will be payable plus £90.00 (incl VAT) administation fee. If it is now a periodic tenancy, notice of three months must be provided plus £90.00 (incl VAT) administration charge will be payable. All fees subject to VAT.
All prices subject to change after two month’s notice
Let Only
Let Only: 60% of one month’s rent (50% plus VAT) payable for each letting to a tenant introduced by the Agent (subject to a minimum charge of £720.00 incl VAT Payable on commencement of tenancy and deducted from the rent collected at the commencement of tenancy
Tenancy Agreement Only: £216.00 incl VAT
Other Charges
Tenant Referencing: Included in initial admin fee for up to 2 tenants £72 inc vat for each additional tenant
Guarantor Referencing: £72.00 incl VAT per Guarantor
Schedule of condition and inventory Preparation fee: Please see attached breakdown for charges
Attend property with new tenant to take meter readings and check smoke alarms/carbon monoxide
alarms: £90.00 incl VAT
Check in at property with tenant: £180.00 incl VAT
Property visits on behalf of Landlord: £84.00 incl VAT per visit
Tenancy Deposit Protection Registration Fee: £48.00 (incl VAT) per tenancy
Duplicate Statements: £6.00 (incl VAT) per copy provided
Copy Tenancy Agreements, Inventories, etc: £60.00 (incl VAT) per copy
Service of Notices (Section 8, 13 & 21): £108.00 incl VAT per notice served
Professional hourly rate: £108.00 incl VAT per hour
Re-signing fee: £180.00 incl VAT where the Agent, with your agreement, arranges a renewal of tenancy to an existing tenant
Overseas Landlord Accounts Fee (If no approval from HMRC): £108.00 incl VAT
Arrangement of repairs/works: £48.00 incl VAT
Legionnaires Disease Risk Assessment: £36.00 (incl VAT) (Not Test)
Tenancy Deposit Protection
Registration Fee: £36.00 annually (incl VAT) per property
Duplicate Statements: £6.00 (incl VAT) per copy provided
Overseas Landlord Accounts Fee (If no approval from HMRC): £108.00 (incl VAT) + 1% of rent per month
Annual Statements: £60.00 (incl VAT) per property
Post Letting Service:
- Final inspection & report: Refer to Inventory Charges (Minimum of £216.00 incl VAT)
- Preparation of paper work for Alternative Dispute Resolution: £240.00 incl VAT
Cancellation
If a property is withdrawn once tenant has been secured and satisfactorily referenced a minimum of one months rent plus vat will be payable. Where Full Management service is cancelled by either party during the fixed term of the tenancy one months rent plus vat will be payable plus £90.00 incl vat administration fee. If it is now a periodic tenancy, notice of three months must be provided plus £90.00 (incl VAT) administration charge will be payable. All fees subject to VAT. Where applicable charges are subject to the current rate of VAT
All charges are subject to change after two month’s notice
Inventory Charges
Managed
| No. of Bedrooms | Unfurnished | Furnished |
|---|---|---|
| 1-2 | £120.00 | £160.00 |
| 3-4 | £180.00 | £240.00 |
| 5+ | POA | POA |
Unmanaged
| No. of Bedrooms | Unfurnished | Furnished |
|---|---|---|
| 1-2 | £150.00 | £200.00 |
| 3-4 | £220.00 | £260.00 |
| 5+ | POA | POA |
All prices quoted include VAT
OTHER FEES
Commissions/Administration Fees:
We may also receive commissions/administration fees from:
Contractors:- Up to 12% incl vat
Insurance companies:- Up to 25%
Referencing companies:- Not Specified
Utility providers and others:- Not Specified
These commissions/fees will be included in the contractor invoice and will not be an additional charge to the Landlord. The option remains for the landlord to arrange these services themselves at all times.
Tenant fees
With effect from 1st June 2019 The Tenant Fee ban came into effect and therefore Tenant fees do not apply to tenants of assured shorthold tenancies, student accommodation or licences but may apply for other tenancy types. Certain fee may be charged to the tenant details of which can be provided upon request.
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Market Appraisal
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