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Stratford Upon Avon | Landlord Fees

Landlord Fees

SCALE OF CHARGES FOR LETTINGS

As from 27th May 2015 it is now a legal requirement that ALL Letting Agents in England and Wales have a duty to publicise and display their membership to a redress scheme and also display whether or not they hold Client Money Protection - is your Agent adhering to all legislative requirements?

Belvoir Stratford Upon Avon is fully regulated and a memeber of NALS, SafeAgent and The Property Ombudsman (lettings). 

SERVICE OPTIONS:

Let Only: 8% + VAT (Equates to 9.6% INCLUDING VAT) of the achieved rental for a six month let - or 6.75% + VAT (Equates to 8.1% Including VAT) of the acheived rental for a twelve month let subject to a minimum charge of £450 + VAT (Equates to £540 INCLUDING VAT) 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.

Full Management: 12.5% + VAT (Equates to 15% INCLUDING VAT) of the rent, deducted from the rent as received.

Other Charges:

  • Admin involved in the Tenancy £200 + VAT (Equates to £240 INCLUDING VAT) finders fee on each new let (including dealing with Deposit Protection legislation)
  • Inventory preparation fee: £120 + VAT (Equates to £144.00 INCLUDING VAT) On first let only
  • Preparation of paperwork for  Alternative Dispute Resolution £75 + VAT (Equates to £90.00 INCLUDING VAT) per hour.
  • Duplicate Statements: £6 + VAT (Equates to £7.20 INCLUDING VAT).
  • Insurance claim handling fee: 10% + VAT (Equates to £12.00 INCLUDING VAT) of cost of works before VAT.
  • Professional hourly rate £75 + VAT (Equates to £90 per hour INCLUDING VAT).
  • Re-signing fee: £75 + VAT ( Equates to £90 INCLUDING VAT) payable where The Agent, at your request, arranges a renewal of tenancy to an existing tenant.
  • Void management fee: £40 + VAT (Equates to £48 INCLUDING VAT) per week payable four weekly in advance of requirement.
  • Obtaining pre-payment keys or cards, clearing debts on such (when we first take over a property) £50 + VAT (Equates to £60 INCLUDING VAT).
  • Post Letting Service (Inclusive with our “Full Management” service)
  • Tenant move out: £75 + VAT (Equates to £90 INCLUDING VAT)
  • Inventory Check (including damage report): £75 + VAT (Equates to £90 INCLUDING VAT)
  • All prices subject to change after two months’ written notice cancellation, where full management service is cancelled during the tenancy (including any extensions) a one off fee of £150 + VAT (Equates to £180 INCLUDING VAT) will be payable. 
  • Where applicable charges are subject to the current rate of VAT.
  • All prices subject to change after two months’ notice.

If you have any queries about our fees please call us on 01789 266777.

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