Information regarding landlord fees in Milton Keynes

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)

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

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If a property is withdrawn once tenant has been secured and satisfactorily referenced a mimimum of 60% of one months rent (inc VAT) will be payable.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

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

• 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

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

Managed:

Unmanaged:

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.