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Landlord Fees

There are a number of different service options available to Landlords as outlined below for finding you a tenant and managing the process to move tenants in. All fees are a percentage of the gross rental income for the term of the tenancy contract agreed.
 Option 1: ‘Let Only’ service – 12% (10% + VAT)
• Source tenants(s)
• Collect and remit initial month’s rent received
• Provide tenant with method of payment
• Deduct any pre-tenancy invoices
• Advise Local Authority on change of occupancy for Council Tax
• Reference the Tenant (3rd party referencing)
 Option 2: ‘Rent Collection’ service – 14.4% (12% + VAT) 
• Collect and remit initial month’s rent received
• Collect rent for the duration of the tenancy
• Pursue non-payment of rent and provide advice on rent arrears’ actions
• Agree collection of any shortfall and payment method
• Provide tenant with methods of payment
• Deduct any pre-tenancy invoices
• Advise Local Authority on change of occupancy for Council Tax
 Option 3: ‘Full Management’ service – 19.2% (16% + VAT)  
• Collect and remit initial month’s rent received 
• Collect rent for the duration of the tenancy
• Pursue non-payment of rent and provide advice on rent arrears’ actions
• Agree collection of any shortfall and payment method 
• Provide tenant with methods of payment
• Deduct any pre-tenancy invoices 
• Advise Local Authority on change of occupancy for Council Tax 
• Deduct commissions and other works 
• Arrange routine repairs and instruct approved contractors 
• Hold keys throughout the tenancy term 
Renewal fees for the above services
If the tenancy continues for a greater period than the original term a fee rate of 10.2% for Let Only (i.e. 9% + VAT), 14.4% for Rent Collection (i.e. 12% + VAT) and 19.2% for Full Management (i.e. 16% + VAT) of the gross rental income for the period of the renewal will apply. The fee is payable in advance within 7 days of the renewal date. Please refer to Terms and Conditions as minimum fees apply.
 

> Additional fees for other services (inclusive of VAT) may include 

Deposit registration fee £72
Tenancy agreement fee £234
Tenant referencing fee
£54
Energy Performance Certificate (valid 10 years) £114
Gas Safety Certificate £120
Submission of non-resident landlord receipts to HMRC £300 per annum
Income and Expenditure report (Fully Managed) £24 per annum
Inspections £90 per visit
Electrical equipment safety regulations: If instructed to arrange a check under these regulations an administration fee will be charged in addition to the cost of the safety check £60
Rent Recovery Plus (landlord’s insurance) more details here 1.8% of the gross rent
Submission of HMO licencing application £600
Waiting at premises to meet contractors £90 per hour
Withdrawal of agreed offer by landlord £600
Fee to Landlords if a dispute is raised with TDS £180
Fee charged if we ever need to attend court as a witness £360
Note: As members of the Tenancy Deposit Scheme we ensure the tenants’ deposits held are registered on behalf of the landlord (unless instructed otherwise). Furthermore as a member of the Association of Residential Lettings Agents, landlords rent/damage deposits collected by us are protected by the Client Money Protection Scheme. Furthermore, Atkinson McLeod are a member of The Property Ombudsman Limited redress scheme.
 Inventory check-in/check-out fees are:  
 Studio £276
1 Bedroom £294
2 Bedrooms £318
3 Bedrooms £342
4 Bedrooms £378
5 Bedrooms £414
6 Bedrooms £462
Note: These charges include the initial drafting of the inventory and the checking out of the inventory at the end of the tenancy.  
Client Money Protection
Atkinson McLeod is part of the Propertymark Client Money Protection scheme. Click here to view our certificate. Read the Conduct and Membership rules.
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