Information regarding landlord fees in Sunderland

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

We’re not the cheapest agent in Sunderland and we never will be but we strongly believe that you won’t get a better service from any agent in Sunderland.

Click below to read a selection of testimonials from some of our satisfied Landlords & Tenants from 2008 to-date.

 

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, On The Market
  • 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: £540.00 inc VAT
  • Tenancy Deposit Scheme Administration fee: £60.00 inc VAT*
  • Legionella Risk Assessment Report 1st Inspection: £60.00 inc VAT Subsequent Reports: £36.00 inc VAT*
  • Alternative Dispute Resolution Admin: £54.00 per hour inc VAT*
  • Tenancy Renewal Fee: £120.00 inc VAT*
  • CP12 Gas Safety Certificate: £75.00 inc VAT*
  • Energy Performance Certificate £80.00 inc VAT*
  • Electrical FIxed Wired Certificate £195.00 inc VAT*
  • Tenant Check Out Report: £120.00 inc 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
  • Legionella Risk Assessment Report 1st Inspection: £60.00 inc VAT Subsequent Reports: £36.00 inc 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: £474.00 inc VAT Let Fee taken over 2 months
  • Annual Tenancy Deposit Scheme Administration fee: £66.00 inc VAT

Our ongoing Full Management fee is 15% inc VAT (12.5%+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 Propertymark Scheme

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

Landlord Fees

Belvoir Sunderland Landlord Fees

1)Introduction Only Service£300.00 (inclusive of VAT) payable for each letting where the tenant is introduced through the Agent and is passed to the agent to carry out own referencing and move in documentation.
2)Let Only Service£540.00 (inclusive of VAT) payable for each letting where the tenant is introduced through the Agent
3)Letting and Rent Collection Service7.2% (inclusive of VAT) of the rent received, deducted by the Agent
4)Full Management ServiceTenancy start-up fee deducted by the Agent is £540.00 (inclusive of VAT). Payable for each letting to a tenant introduced by the agent. Let fee taken over 2 months £354.00 month one and £186.00 in month two.
Inventory service£120.00 (inclusive of VAT) per property
Duplicate statements£12.00 (inclusive of VAT) Professional hourly rate
Professional hourly rate£54.00 (inclusive of VAT) Charged by the Agent when required to carry out any additional services
Check out£120.00 (inclusive of VAT) per property
Void property inspections£50.00 (inclusive of VAT) (per week payable four weekly in advance of requirement)
Tenancy renewal fee£120.00 (inclusive of VAT)
Annual Deposit Administration Charge*£66.00 (inclusive of VAT)
CP12 (Gas Safety Check)*£80.00 (inclusive of VAT)
Legionella Risk Assessment*£60.00 (inclusive of VAT) on 1st Let. £42.00 (inclusive of VAT) on subsequent lets
Energy Performance Certificate*£80.00 (inclusive of VAT)
Fixed Wire Electrical Certificate*£195.00 (inclusive of VAT)
Statutory Declaration*£20.00 (inclusive of VAT)
Insurance Claim Handling Fee£12% (inclusive of VAT)
Mid Term Inspection£60.00 (inclusive of VAT)
Rent & Legal Protection Insurance*£289.00 (inclusive of VAT) If cover is not required, please advise before your tenancy starts.
Licence Application plus cost of licence*£250.00 (inclusive of VAT)
Annual Licence Compliance*£42.00 (inclusive of VAT)
Installing Carbon Monoxide Alarm*£48.00 (inclusive of VAT)
 

*All but these charges are included in the Fully Managed Service

All prices subject to change after two month’s written notice.

 

We hold Client Money Protection Insurance through the Propertymark Scheme.

Cancellation – In the event of cancellation during a tenancy the minimum fee that would be payable is the agreed Let Only Fee, plus other costs incurred, including during a fixed term the management fees are due until the end of the fixed term and any disbursements such as arranging the EPC, CP12 or other works.

Where applicable all charges are subject to the current rate of VAT.

Deposit Scheme rules

We hold Client Money Protection Insurance through the Propertymark Scheme.

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

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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