Information regarding landlord fees in Milton Keynes

£240.00 (£200 plus VAT) initial admin fee, plus 14.4% incl VAT (12% plus VAT) of the rent per month, (Discounted to 12% (10% plus VAT) if we have sole agency) to be deducted from the rent as received.

Other Services included in initial fee:

• There is a compulsory inventory fee payable (£90.00 – £180.00 incl VAT (Please refer to inventory charges)).
• Regular scheduled property visits (unless Landlord requests additional visits during the tenancy – charged at £30.00 incl VAT per visit)
• Post Letting Service – Tenant Move Out, Inventory Check and Damage Report

Legal & Rent Guarantee Warranty: £240 incl VAT per annum. Automatically charged unless specifically declined in writing.

Other Charges:

Schedule of condition and inventory preparation fee:

• Unfurnished: Charges apply (Please refer to inventory charges)
• Part of Fully Furnished: Please refer to inventory charges breakdown

Key Cutting: £12.00 incl VAT + cost of each key cut

Costs involved with 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 approaval from HMRC): £60.00 (incl VAT)
• Annual Statements: £60.00 (incl VAT) per property

• Section 13 Rent Increase, Section 21 Possession, Section 8: £48.00 (incl VAT) per notice served
• Court attendance for possession: £108.00 (incl VAT) per hour
• Insurance claim handling fee: 12% incl VAT of cost of works before VAT (Minimum charge of £240.00 incl VAT)
• Professional hourly rate: £108.00 (incl VAT) per hour
• Waiting fee: £36.00 (incl VAT) per hour
• Re-signing fee: £90.00 (incl VAT)

• £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If a property is withdrawn once tenant has been secured and satisfactorily referenced a mimimum of 60% of one months rent (inc VAT) will be payable.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

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 £480.00 (£400 plus VAT).  Payable on commencement of tenancy and deducted from the rent collected at the commencement of tenancy

• Tenancy Agreement Only: £120.00 (£100 plus VAT)

Other Charges:

• Guarantor referencing: £144 (£120 plus VAT) per guarantor
• Schedule of condition and inventory preparation fee: Please see below breakdown for charges
• Attend property with new tenant to take meter readings and check smoke alarms/carbon monoxide alarms: £48.00 (incl VAT)
• Check in at property with tenant: £108.00 (incl VAT)
• Property visits on behalf of Landlord: £48.00 (incl VAT) per visit

• Registration Fee: £36.00 (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): £48.00 (incl VAT) per notice served
• Professional hourly rate: £108.00 (incl VAT) per hour
• Re-signing fee: £120.00 (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): £60.00 (inc VAT)

• Final inspection & report: Refer to Inventory Charges (Minimum of £144.00 (incl VAT))
• Preparation of paper work for Alternative Dispute Resolution: £108.00 (incl VAT)

Rent & Legal Insurance wanted YES / NO?: Where requested £240.00 (incl VAT) per annum

If a property is withdrawn once a tenant has been secured and satisfactorily referenced a minimum of 60% of one months rent (50% plus VAT) will be payable

Where applicable charges are subject to the current rate of VAT

All prices subject to change after two month’s notice

(All prices quoted include VAT)

Managed:

Unmanaged:

OTHER FEES

Commissions
We may also receive commissions/fees from:

• Contractors
• Insurance companies
• Referencing companies
• Utility providers and others

These commissions/fees will be included in the contractor invoice and will not be an additional charge to the Landlord.