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Portsmouth | Landlord Fees

SCALE OF CHARGES

Fee Schedule – Full Management

Full Management

Service Includes : Collect and remit the monthly rent received Pursue non-payment of rent and provide advice on rent arrears actions Deduct commission and other works Advise all relevant utility providers of changes Undertake one inspection visit per annum and notify landlord of the outcome Arrange routine repairs and instruct approved contractors (providing two quotes) Hold keys throughout the tenancy term

Make any HMRC deduction and provide tenant with the NRL8 (if relevant)

15% (18% inc VAT) of the rent

Start Up Fee

Service Includes :  Agree the market rent and find a tenant in accordance with the landlord guidelines; Advise on refurbishment Provide guidance on compliance with statutory provisions and letting consents Carry out accompanied viewings (as appropriate) Market the property and advertise on relevant portals Erect board outside property in accordance with Town and Country Planning Act 1990 Advise on non-resident tax status and HMRC (if relevant)

£375.00 + VAT (£450.00 inc VAT)

Inventory preparation fee  - Dependent on the number of bedrooms and/or size of the property and outbuildings

£ Upwards of £90.00 (inc VAT)

Protection of the tenancy deposit

Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme. Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy

£25.00 + VAT (£30.00 inc VAT) payable monthly

* Tenant Referencing Costs for up to 2 applicants

£180.00 inc VAT

* Additional Applicants & Guarantors Referencing Costs

£96.00 inc VAT per application

Tenancy Check In

£60.00 inc VAT

Tenancy Check Out

Starting at £192.00 inc VAT dependent on property size

Property Visits

Not less often than once every twelve months. Additional visits are available upon written request.

£60.00 + VAT (£72.00 inc VAT) payable annually in advance

Tenancy deposit dispute resolution

£55.00 + VAT (£66.00 inc VAT) payable annually

Rent Guarantee – Monthly Policy, monthly payments

£20.00 + VAT (£24.00 inc VAT)

Preparing and serving a Section 3, 8, 13, 21 or 48 Notice

£50.00 + VAT ( £60.00 inc VAT)

Rent Reviews, per property

Rent review in accordance with current prevailing market conditions , negotiate with the tenant(s), direct tenant(s) to make payment change as appropriate, update the tenancy agreement and serve a Section 13 Notice if thee tenancy is on a periodic basis.

£20.00 plus VAT (£24.00 inc VAT)

Instruction of either a gas safety certificate or electrical certificate

£0 + Contractors Invoice

Instruction to an Energy Assessor for an Energy Performance Certificate

£85.00 + VAT (£ 102.00 inc VAT)

Contribution towards the renewal agreement fee

Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

£85.00 + VAT (£102.00 inc VAT)

Insurance claim handling fee

10% (12% inc VAT) of the settlement with a minimum charge of £100.00 plus VAT(£120.00 inc VAT

Nil Deposit Scheme claim handling fee

10% (12% inc VAT) of the settlement with a minimum charge of £100.00 plus VAT(£120.00 inc VAT

Project manage on behalf of the Client any major works exceeding £500 + VAT Arranging access and assessing costs with contractor; ensuring work has been carried out in accordance with the specification of works; retaining any warranty or guarantee as a result of any works

10% (12% inc VAT) of the contractors invoice

Visits made by the agent to the property at the specific request of the client

To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit

£60.00 + VAT (£72.00 inc VAT) payable annually in advance

Providing documentation to solicitors for Rent Arrears and/or Possession

£40.00 + VAT (£48.00 inc VAT)

Court appearance by a Belvoir representative as necessary

£50.00 + VAT per hour (£60.00 inc VAT)

Shopping fee

Where the agent is required to purchase minor items on behalf of the client

£35.00 + VAT (£42.00 inc VAT)

Cutting of keys

Cost of invoice plus £10.00 + VAT (£12.00 inc VAT)

Taking delivery of goods at property

£50.00 + VAT (£60.00 inc VAT)

Carbon monoxide detectors and smoke alarms

£25.00 + VAT (£30.00 inc VAT) for each alarm plus cost of contractor

Non UK Resident Landlords  - Exempt

Submission of Non-Resident Landlords receipts to HMRC quarterly. To remit and balance the financial Return to HMRC on both a quarterly and annual basis.

£20.00 + VAT (£24.00 inc VAT) payable annually in advance

Non UK Resident Landlords  - Non-exempt

Submission of Non-Resident Landlords receipts to HMRC quarterly. To remit and balance the financial Return to HMRC on both a quarterly and annual basis.

£60.00 + VAT (£72.00 inc VAT) payable annually in advance

Tax Return Service

Provision of a comprehensive annual Income and Expenditure Report suitable for submission with a tax return

£35.00 + VAT (£42.00 inc VAT) per annum

Early release from contract fee

Should the Client sell the property with the tenant in situ then the client herby agrees to Pay Belvoir an early release fee

£500.00 + VAT (£600.00 inc VAT)

Sale of the property to the tenant

The introduction of a buyer (tenant), subject to contract and issue of Sales Memorandum. Payable on completion of sale

1.5% + VAT (1.8% inc VAT) of the sale price

Legionella risk assessment

£66.00 including VAT (£55.00 plus VAT)

Fire risk assessment

£102.00 including VAT (£85.00 plus VAT)

Electrical safety inspections  - depending on the size of property

starting from £150.00 including VAT (£125 plus VAT)

*Fees marked with an asterisk are covered in full for those clients who have chosen to take advantage of the Belvoir Rent Guarantee service.

TENANT FEES

In addition to paying the rent, you may also be required to make the following payments permitted under the Tenant Fees Act 2019.

Before the tenancy starts (payable to Belvoir ‘the Agent’)

Holding Deposit: Equal to 1 week’s rent

Deposit: Equal to 5 week's rent

During the tenancy (payable to 'the Agent')

Payment of interest for the late payment of rent at a rate of 3% above Bank of Englands base rate for each day that the paymnet has been outstanding 

During the tenancy if permitted and applicable

Payments to change the tenancy (once it has commenced), when requested by the tenant - £50 (including VAT), or reasonable costs incurred if higher

Utilities – gas, electricity, water and sewerage

Communications – telephone and broadband

Installation of cable/satellite

Subscription to cable/satellite supplier

Television licence

Council Tax

Other permitted payments

Any other permitted payments, not included above, for breaches of contract or under the relevant legislation including contractual damages. These may include reasonable costs or losses incurred for loss of keys, security devices and changes to the tenancy agreement or early termination, if the Landlord agrees they can be made, up to the permitted limits. Each breach of contract will incur a charge of £36.00 inc VAT.

Tenant Fees for pre 1st June 2019 tenancies

Explanation of our tenant fees permitted under the Tenant Fees Act 2019 transitional provisions, where fees are written into existing tenancy agreements. These apply to all tenancy agreements granted or signed and executed before 31st May 2019, and can be charged up until 31st May 2020’

Referencing fee, set up fee and contribution to the tenancy agreement for 1 adult applicant.

£400.00 + VAT (£480.00 inc VAT)

Each additional adult applicant

£100.00 + vat (£120.00 inc VAT)

Check out fee

£80.00 + VAT (£96.00 inc VAT)

Company tenant

£450.00 + VAT (£540.00 inc VAT)

Each Guarantor

£100.00 + VAT (£120.00 inc VAT)

Changing any terms that have already been agreed (e.g tenancy start date)

£25.00 + VAT (£30.00 inc VAT)

Undertaking Right to Rent review checks where a time limit has been established

£35.00 + VAT (£42.00 inc VAT)

Should your tenancy be renewed you will required to contribute towards the renewal charges

£ 85.00 + VAT (£102.00 inc VAT)

Permitted Occupier fee

£100.00 + VAT (£120.00 inc VAT)

Pet Licence Fee, per pet

£100.00 + VAT (£120.00 inc VAT)

Amendment fee (updating of tenancy agreement etc)

£25.00 + VAT (£30.00 inc VAT

Future Landlord reference

£20.00 + VAT (£24.00 inc VAT)

Out of hours service (If agent is called out to property)

£50.00 + VAT (£60.00 inc VAT) per hour

Failed appointment (Aborted Visit etc)

£35.00 + VAT (£42.00 inc VAT)

Refunding over paid rent

£25.00 + VAT (£30.00 inc VAT)

Supplying a written reference to a third party

£35.00 + VAT (£42.00 inc VAT)

Allocating deposit money to additional accounts (per account)

£25.00 + VAT ( £30.00 inc VAT)

Bounced cheque charge

£25.00 + VAT (£30.00 inc VAT)

Instruction to a contractor and supervision of works noted as tenants responsibility following tenancy check out

£30.00 + VAT (£36.00 inc VAT)

Rent Arrears reminder letter

£40.00 + VAT (£48.00 inc VAT)