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Welwyn | Landlord Fees & Services

NOTICE OF FEES to LANDORDS

September 1st 2018

Jeffersons Jemnics Ltd T/A Belvoir Welwyn is an ARLA Propertymark Member

Client Money Protection (CMP) provided by ARLA Propertymark

Independent Redress provided by The Property Ombudsman

 LETTING ONLY SERVICE 12% of the first 6 months’ rent inc vat (10% + vat)

This service is subject to a minimum charge of £540 inc vat (450 + vat) and full payment is due at the start of the Tenancy.

Includes:

  •          Advise on current market conditions and preparation of the property for rental
  •          Erect board outside of the property in accordance with Town and Country Planning Act 1990
  •          Discuss non-resident tax status and HMRC (if relevant)
  •          Provide guidance on compliance with statutory provisions and letting consents
  •          Market the property and advertise on relevant portals
  •          Carry out accompanied viewings (as appropriate)
  •          Negotiate offers and take up references
  •          Prepare and submit Tenancy Agreement (additional fee applies see below)
  •          Collect and hold the dilapidations deposit as stakeholder in our client account
  •          Register deposit as required (additional fee applies see below)
  •          Provide tenant with method of rental payment
  •          Receive and remit the first months rental
  •          Deduct any pre-tenancy invoices

RENT COLLECTION SERVICE 12% of the rent inc vat (10% + vat)

Includes the LETTING SERVICE:

And

  •          Collect monthly rent and remit monies to landlord on a monthly basis less any fees or expenses due or incurred for the period
  •          Providing monthly account statements for the property by electronic means
  •          Pursue non-payment of rent and provide advice on rent arrears actions
  •          Make any necessary payments to HMRC (if applicable) on behalf of a landlord to comply with the Non-Resident Landlord Scheme and file returns as required

 MANAGEMENT SERVICE Ranges between 12% of the rent inc vat (10% + vat) and 16.8%   of the rent inc vat (14% + vat) *

Includes the LETTING and RENT COLLECTION SERVICES:

And

  •          Carry out two property visits annually
  •          Arrange routine repairs and instruct approved contractors
  •          Arrange payment of contractor invoices
  •          Hold keys throughout the tenancy term
  •          Advise all relevant utility providers of changes

*Our Management fee is due for the term of the Tenancy including any renewals or extensions. Payment of this fee is paid monthly through rent funds collected.

ADDITIONAL OPTIONAL AND NON-OPTIONAL FEES AND CHARGES

Prepare and submit Tenancy Agreement (landlords share) £96.00 inc vat (£80 + vat)

  •          Includes contract negotiation (amending and agreeing terms)

Deposit Registration Fee: £50.40 inc vat (£42 + vat)

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

 Belvoir Inventory charges

                              Inventory Make and Check in                       

Studio                            £152                                                    
1 Bed                             £162                                                       
2 Bed                             £173                                                     
3 Bed                             £206                                                     
4 Bed                             £227                                                     
5 Bed                             £249                                               
6 Bed                             £270                                                     

Additional rooms (2nd receptions, en-suites, dining rooms, utility rooms etc) will be charged at £9.00 .Furnished properties will incur additional charges. £12 for 1-2 beds, £18 for 3-4 beds, £30 for 5-6 beds All prices are inclusive of VAT.

Abortive Tenancy fee (should you not wish to proceed with a tenancy following acceptance of an offer) £390.00 inc vat (325 + vat) plus the tenants referencing costs of £132.00 inclusive of vat each plus (if applicable) guarantors referencing costs of £84.00 including vat                                                                                                               

Renewal Fee (landlords share) £73.50 inc vat (£61.25 + vat)

  •          Review rent
  •          Contract negotiation
  •          Prepare addendum renewal agreement or memorandum of renewal of replacement tenancy agreement

Additional property visits (including vacant periods) £36.00 inc vat per visit (£30 + vat)

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

Court attendance or Tribunal proceedings or for protracted correspondence on your behalf  (for managed properties only) Not available to other service levels)  £42.00 per hour inc vat (35 + vat)

Issuing Notices £96.00 inc vat (£80.00 + vat)

  •          Section 13 Rent Increase & Section 21    

Obtaining mortgagee or superior landlord written consent (if applicable) £62.40 inc vat (£52.00 + vat)

Deposit adjudication preparation of documentation £90.00 inc vat (£75.00 + vat)

Submission of non-resident landlord receipts to HMRC (if applicable) £60.00 per quarter inc vat (50.00 + vat)

Contractors monitoring referral fee Up to 14.4% (12% + vat) on invoices raised

Waiting time at properties  £42.00 per hour inc vat (£35.00 + vat)

  •          To attend property when keys cannot be released to a contractor or surveyor

Rent Guarantee £18.00 per month inc of vat (min 12 month term)

Insurance claim management/supervision of refurbishment/building works exceeding £1200 inclusive of vat 12% inclusive of vat of the total claim/value

Sale of a property 1.2% inclusive of vat of the sale price

Termination and Assignment of Management or Rent Collection service whilst a tenant is in situ 3 months’ notice and payment of our let only service fee (12% of the first 6 months’ rent inc vat)

For more details on the charges, can you please request and read our detailed terms of business to gain clarity.

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF