Information regarding landlord fees in Newbury

Fully Managed Service

Set-up fee £480 inc VAT

Advise on preparation, rental value, statutory compliance. Take high resolution photographs, create a 3D tour and draw a floorplan. Advertise, carry out viewings, give feedback and advise on potential tenants’ suitability. Carry out referencing, credit checks and RTR checks. Create the tenancy agreement, protect the deposit, issue mandatory documents.

Monthly fee 12% inc VAT.

Services as detailed in the terms of business, including: Receiving and remitting rents, issuing monthly statements (tax year or other period on request), carry out regular property visits with photographic reports, arranging repairs & maintenance, booking statutory checks (eg. gas cert, EICR), serving legal notices, liaising with tenants, providing 24/7 fault reporting system – and much, much more.

Fully managed with rent & legal warranty 15% inc VAT.

As fully managed, plus a rent guarantee covering:

Up to 15 months of rent arrears paid

75% of rent for up to 3 months on vacant possession

Up to £100,000 legal expenses

Eviction on expired S21

Eviction on serious breach of AST

Transferrable between tenancies

Let & Rent Collection

Set-up fee £480 inc VAT

As the set-up in the fully managed service detailed above.

Monthly fee 9.6% inc VAT of rent received.

Services as detailed in the terms of business, including receiving and remitting rents, chasing late payments if necessary, issuing monthly statements (and tax year or other period on request).

Rent review & contract renewal £120inc VAT

If requested we will assess the rental value, advise on any increase, and draw up a new fixed period AST.

 

Let Only Service

90% inc VAT of one month’s rent

As the set-up detailed above under the fully managed service.

Additional charges

Tenant referencing – included.

Guarantor referencing – included.

Tenancy agreement writing – included.

Inventory/schedule of condition – at cost.

Duplicate statements – included.

Hourly rate for works additional to service level – £72 inc VAT

Check-out report – at cost.

Void property inspections – £72 inc VAT per visit

Rent reviews & tenancy renewal – £120 inc VAT (included with Fully Managed service)

Major works fee – 12% inc VAT of works supervised. Applies to works in excess of regular maintenance & repairs, if we are instructed to book & supervise.

 

Cancellation

In the event of cancellation during a tenancy the minimum fee that would be payable is equal to the Let Only fee listed above, plus other costs incurred, including a reasonable fee for the time during which management has been carried out.

CMP Certificate

CMP Certificate
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Arrange a free market appraisal

If you’re a landlord, looking to let or you’re just interested in how much your property might be worth, the best way to get an accurate and detailed understanding is through a free one-to-one appraisal with one of our experienced local agents. Request an appraisal with us using the form below.

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