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Newcastle Central | Landlord Fees

We're open and transparent with our Landlord Fees, which we feel represents good value for the excellent service we provide.

Our Service Levels & Fees are as follows:

Let only:

To market your property we will:

  • Ensure we note full details of your wishes with respect to the letting
  • Provide you with advice and assistance on protecting your property
  • Search our database to find a tenant match
  • Place your property details on our national website, Rightmove & Zoopla
  • Conduct accompanied tenant viewings at your property
  • On finding a potentially suitable tenant we will carry out thorough credit and reference checks
  • We will keep you advised of progress throughout all processes

If an applicant passes our checks we will:

  • Seek your authority to proceed to offer the tenancy to the applicant
  • Carry out a full, detailed Inventory & Statement of Condition
  • Issue all the required advance legal notices
  • Draw up and agree with you the Tenancy Agreement
  • Ensure the property is ready for occupation & arrange all legally required safety checks
  • Collect all advance monies from the tenant
  • Receive a completed standing order form from the tenant for future rent payments to your nominated bank account
  • Move in the tenant
  • Inform all the Council & utility companies of the change of occupant, together with meter readings
  • Ensure the dilapidation deposit is transferred to the Deposit Protection Service and ensure the Tenant receives the required Prescribed Information within 14 days of the tenancy commencing
  • Forward the balance of rental monies to you, having deducted our fees/charges as agreed, together with copies of all relevant documentation

We have a flat Let Only fee plus a small charge to cover the additional administration required to comply with the Tenancy Deposit Scheme rules:

  • Let Only Fee: 90% of 1st months rent ( 75% + Vat )
  • Tenancy Deposit Scheme Administration fee: £54.00 inc VAT
  • Legionella Risk Assessment Report 1st Inspection: £54.00 inc VAT (£45.00 + VATSubsequent Reports: £30.00 inc VAT (£25.00 + VAT)*
  • Alternative Dispute Resolution Admin: £54.00 per hour inc VAT (£45.00 + VAT)
  • Tenancy Renewal Fee: £120.00 inc VAT (£100.00 + VAT)*
  • CP12 Gas Safety Certificate: £60.00 inc VAT (£50.00 + VAT)*
  • Energy Performance Certificate £70.00 inc VAT (£58.34 + VAT)*
  • Electrical FIxed Wired Certificate £174.00 inc VAT (145 + VAT)*
  • Tenant Check Out Report:£90.00 inc VAT (£75.00 + VAT)

No fees are payable until we find a suitable tenant - fees will then be deducted, wherever possible, from the first month’s rent

Let & Rent Collection: (As above Let Only service plus)

  • Arrangement of rent guarantee and legal protection insurance, if appropriate
  • Monitoring and collection of all ongoing monthly rents
  • Payment of all monies received to your nominated bank account by direct transfer and issue of a monthly statement

Charges consist of an initial start up fee at the start of each tenancy plus a small charge to cover the additional administration required to comply with the Tenancy Deposit Scheme rules:

  • Tenancy Start Up Fee: £540.00 inc VAT (£450.00+VAT)
  • Tenancy Deposit Scheme Administration fee: £60.00 inc VAT (£50.00+VAT)
  • Legionella Risk Assessment Report 1st Inspection: £54.00 inc VAT (£45.00 + VATSubsequent Reports: £30.00 inc VAT (£25.00 + VAT)

There is an ongoing rent collection fee of 7.2% inc VAT (6.0%+VAT) of the gross monthly rent throughout the period of tenancy

Full Management : (As above Let Only service plus)

  • Carrying out regular visits to your property and issue of a full report following each visit (visits take place after 1 month then every 3 months thereafter)
  • Ensuring maintenance problems are dealt with swiftly and as per your instructions, using reputable tradesmen
  • Payment for all repairs and liabilities up to authorised limits direct form monthly rental income
  • *All but these charges are included in the Fully Managed Service

At the end of the tenancy we will:

  • Issue the advance legal notices as required
  • Advise the tenant of the required Move Out procedures
  • Carry out the ‘Move Out’ inspection checking the property against the Inventory/Statement of Condition and inform you of any dilapidations
  • Repay the held deposit or negotiate with the Tenant for any necessary dilapidation charges
  • Take all meter readings and inform the utility providers as necessary
  • Hand over the property to you or seek a new tenant as instructed

There is an initial start up fee at the start of each tenancy to a new tenant plus a small charge to cover the additional administration required to comply with tenancy.

Deposit Scheme rules:

  • Tenancy Start Up fee: 90% 1st months rent ( 75% + Vat ) Let Fee taken over 2 months
  • Annual Tenancy Deposit Scheme Administration fee: £60.00 inc VAT (£50.00+VAT)

Our ongoing Full Management fee is 12.6% inc VAT (10.5%+VAT) of the gross monthly rent throughout the tenancy.

No fees are payable until we find a suitable tenant.

We hold Client Money Protection Insurance through the Safeagent Scheme

All fees will, wherever possible, be deducted from rental income received.