| 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 |
| 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. |
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