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Milton Keynes | Landlord Fees

Belvoir Milton Keynes Property Management Services - Landlord Costs:

Fully Managed Service

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If a property is withdrawn once tenant has been secured and satisfactorily referenced a fee of the tenancy application fee paid will be payable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

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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We currently advertise all of our properties on: Rightmove, Zoopla, and On The Market