Call us on: 01223 214400


A PASSION FOR HOMES

Mandatory Landlord Fees

(all include VAT):

 
Arrangement / Management fees:

Our minimum fee in respect of any letting is £675 over the duration of the letting except in the case of “Introduction Only” where a minimum fee of £360 applies. If any instructions are terminated in a managed agreement before fees to this total have been paid a balancing payment of the shortfall will be due.

A) LETTING ONLY :

We will inspect your property and provide advice and recommendation as to attainable rent and what, if any, works which should be undertaken prior to commencement of a tenancy. Once formally instructed to act on your behalf we will prepare marketing materials and advertise via online, written and verbal methods then arrange and accompany internal inspection by interested prospective tenants. Upon receipt of an offer we will negotiate terms on your behalf to agreement  and take up references on the tenant. Our team will draw up and execute the appropriate tenancy agreement and arrange for the preparation of a detailed inventory and schedule of condition to be recorded. We will take and protect the tenancy deposit as stakeholders and give advice to the landlord client in relation to all tenancy related queries:

£240 Initial Arrangement Charge

60% of the first full month's rent (subject to a minimum fee of £675)

B) LETTING and RENT COLLECTION :

As above in “Letting Only” however we will continue to collect rents on the agreed weekly or monthly periodic basis for the term of the tenancy and produce regular management statements to account to the landlord:

£450 Initial Arrangement Charge

60% of the first full month's rent (subject to a minimum fee of £675

6% of rents collected.

C) FULL MANAGEMENT :

In addition to the services detailed above we will contact utility suppliers to ensure that utility accounts are correctly transferred. A designated property manager will attend the property for regular (at least quarterly) inspections then submitting a report of condition and any recommended works. Upon your instruction we will settle trades invoices and submit copy statements to accountants or solicitors as required. At the end of the term we will negotiate the distribution of the deposit:

£450 Initial Arrangement Charge

12% of the collected rent

D) INTRODUCTION ONLY:

We will market the property as per your instructions and accompany prospective tenants to viewing appointments. In this service we will pass relevant contact details (subject to the tenants consent) and take up references but do not prepare any documentation:

£360

Further Fees and Charges

Not charged in all cases (all include VAT):

 
Inventory, Schedule of Condition and Deposit:

Tylers will arrange for preparation of a detailed inventory and schedule of condition to protect your interests in the event of a dispute over dilapidations at the end of the tenancy:

1 bed- £125 (unfurnished) £135 (furnished)

2 bed- £145 (unfurnished) £155 (furnished)

3 bed- £165 (unfurnished) £185 (furnished)

4 bed- £195 (unfurnished) £215 (furnished)

5+bed- £225 (unfurnished) £250 (furnished)

Update (2nd tenancy onwards) £100

Check-Out £72                

Renewal £60

Deposit Protection £30 (anual charge)


Additional "Add-on" Services

When instructed to undertake any work on behalf of a client we are required to hold a signed client "Terms of Business" this includes services such as having additional keys cut for a client or property with whom or which we have no other involvement. The below charges refer primarily to circumstances such as these or tasks which are not included in the service instructed.

 

£30

  • Key cutting (does not include cost of keys)
  • Additional Statements
  • Deposit Protection

£45

  • Addendum Preparation
  • Arrange Gas Certificate or EICR (does not include the cost of the certificate)
  • Per hour to accompany or provide access to 3rd party contractors (British Gas "Homecare", Surveyors etc)
  • Tenant Referencing and "Right to Rent" (per tenant)

£90

  • Rent increase negotiation and "s.13 notice"
  • To supply and fit Smoke, Heat or Carbon Monoxide alarms (includes 2 units)
  • Arrange and complete Legionella Risk Assessment
  • Deposit Negotiation
  • Routine property inspection (includes detailed report)
  • Serve s.21 notice by hand form (6a, certificate of service etc)
  • Tenancy agreement preparation
  • Check smoke/ heat/ carbon monoxide alarms on commencement day

£125

  • Accompanied viewings (up to 10)
  • Tenancy agreement preparation with complex amendments / guarantor
  • Tenancy "Check-in" at property

£300

  • Deposit negotiation including filing of dispute with scheme adjudicator

 

Income Tax Management (Overseas Landlords):

In cases where our landlord client is resident overseas whether with or without a HMRC “Non-Resident Landlord Scheme” approval number and we are required to account to HMRC and for this service a fee is charged on an annual basis:

£45


Non-routine works supervision:

We are proud to offer our clients a service whereby our property managers will arrange, negotiate, and supervise trades works in their properties. For works with an invoiced value in excess of £500+Vat a charge is applied:

10% plus VAT of the invoice value