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Milton Keynes
13 London Road, Stony Stratford Milton Keynes, Buckinghamshire MK11 1JA
T: 01908 562582 Fax: 01908 562598

Opening Hours

Monday - Friday

09:00am - 17:30pm

Landlord Fees

SCALE OF CHARGES – Fully Managed

 

 

SERVICE:

Full Management:                           

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

 

Other Services included in initial fee:  

Initial inventory preparation unless property is furnished or part furnished.  Regular scheduled property visits (unless Landlord requests additional visits during the tenancy – charged at £30.00 incl VAT per visit)

Resigning Fee for an existing tenancy

Post Letting Service – Tenant Move Out, Inventory Check (including damage report)

 

Rent & Legal Insurance:                      £144.10 (incl IPT) per annum.  Automatically charged unless specifically declined in writing.

 

Other Charges

Schedule of condition and inventory preparation fee:

Unfurnished: Inclusive in initial letting fee

Part of Fully Furnished: Please see attached breakdown of fees

 

Key Cutting:                                       £12.00 incl VAT + cost of each key cut (e.g. 2 Yale type keys total cost £14.00 would incur the fee of £12.00 for any number of keys)    

 

Admin. costs involved with Tenancy Deposit Protection

Registration Fee:                                £36.00 (incl VAT) per property

Duplicate Statements:                        £6.00 (incl VAT) per copy provided

Annual Statements:                            £60.00 (incl VAT) per property

 

Service of Notices:

- Section 13 Rent Increase, Section 21 Possession, Section 8          £30.00 (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

Professional hourly rate:                      £108.00 incl VAT per hour

Waiting Fee:                                          £36.00 (incl VAT) per hour

 

Re-signing fee:                                  

Inclusive in initial letting fee where the Agent, with your agreement, arranges a renewal of tenancy to an existing tenant

 

New tenancy fee:                               

£180.00 incl VAT payable where the Agent, with your agreement, arranges a new tenancy with a new tenant

 

Alternative Dispute Resolution:           £108.00 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 fee of the tenancy application fee paid will be payable

Where Full Management service is cancelled during the term of the tenancy (including any extensions or periodic tenancies) a fee of three months management fee 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

 

 

 

 

SCALE OF CHARGES – Let Only

 

 

 

SERVICE:

Let Only                                     

One half of one month’s rent (plus VAT) payable for each letting to a tenant introduced by the Agent.  Payable on commencement of tenancy and deducted from the rent collected at the commencement of tenancy

 

Tenancy Agreement Only:                   £114.00 (incl VAT)

 

Other Charges

 

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:                               £30.00 (incl VAT)

 

Check in at property with tenant:                  £108.00 (incl VAT)

 

Property visits on behalf of Landlord:          £30.00 (incl VAT) per visit

 

Tenancy Deposit Protection

Registration Fee:                                £36.00 (incl VAT)

Duplicate Statements:                        £6.00 (incl VAT) per copy provided

Copy Tenancy Agreements, Inventories, etc:       £30.00 (incl VAT) per copy

Service of Notices (Section 8, 13 & 21):                £30.00 (incl VAT) per notice served

Professional hourly rate:                     £108.00 (incl VAT) per hour

Re-signing fee:                                   £108.00 (incl VAT) where the Agent, with your agreement, arranges a renewal of tenancy to an existing tenant

Overseas Landlord Accounts Fee:       TBC  (If no approval from HMRC)

 

Post Letting Service

 

Final inspection & report:                    £144.00 (incl VAT)

Preparation of paper work for Alternative Dispute Resolution:           £108.00 (incl VAT)

 

Rent & Legal Insurance wanted:           YES / NO  Where requested £144.10 (incl IPT) per annum

 

Cancellation

If a property is withdrawn once a tenant has been secured and satisfactorily referenced a fee of the tenancy application fee paid by the applicants will be payable

 

Where applicable charges are subject to the current rate of VAT

 

 

All prices subject to change after two month’s notice

 

 

INVENTORY CHARGES

(All prices quoted include VAT)

  

Managed:

No. of Bedrooms  /  Unfurnished  /  Furnished

1 - 2  /  Included in letting fee  /  £80.00

3 - 4  /  Included in letting fee  /  £115.00

5+  /  Included in letting fee  /  POA

 

 Unmanaged:

No. of Bedrooms  /  Unfurnished  /  Furnished

1 - 2  /  £80.00  /  £100.00

3 - 4  /  £115.00  /  £135.00

5+  /  POA  /  POA

 

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