Brighter Lets
FEES
| SERVICE | FEE |
| Let Only Service | One month rent plus VAT |
| RENT COLLECTION SERVICE | 60%inc VAT (50%+VAT) of first month’s rent- minimum £350.00 plus VAT
plus 9.6%inc VAT (8%+VAT) of gross monthly rent payable throughout tenancy |
| Fully Managed service
Standard Letting & Tenancy Management Service |
60%inc VAT (50%+VAT) of first month’s rent- minimum £350.00 plus VAT
plus 14.4%inc VAT (12%+VAT) of gross monthly rent payable throughout tenancy |
| Rent Guarantee/Legal Protection
For rent collection and fully managed service only For Landlords who wish to protect their rental income we can purchase a Rent Guarantee product via Let Alliance and note you as having an “interest in” this policy. Having an interest in this policy means that you may be able to benefit should a successful claim be made. Brief details of the product are below:
|
Is payable monthly at £30.00 Inc Vat (£25.00+Vat) |
| Submission of Rent Guarantee Claim
Should the need for a rent guarantee claim arise then this charge will become applicable. |
£60 including Vat (£50+VAT) |
| Cancellation of Management Admin Fee
So long as one of the original tenants introduced by the agent to the landlord is still in the property, fees will be payable |
One and half month’s rent plus VAT |
| Rent review and serving notice on tenant to increase rent | £48.00 inc VAT (£40.00 plus VAT) |
| Buy to Let Advisory Service | £300 inc VAT (£250.00+VAT) |
| Property Acquisition Service | 2.4 % inc VAT (2%+VAT) of purchase price |
| Empty Property Management2 | £120.00inc VAT (£100.00+VAT) per calendar month plus £300.00 float |
| Own Tenancy Agreement | £114.00inc VAT (£95.00+VAT) |
| Renewal of Tenancy Agreement
If both the landlord and tenant agree that the tenant can stay for another term, these costs covers the contract negotiation, amending and updating the terms and arranging for the signing of a further tenancy agreement. |
£126.00inc VAT (£105.00+VAT) |
| Inventory
We recommend that all our landlords have a professional inventory which is checked before the tenants are checked into the property. Please note: if you do not have an unbiased, comprehensive document prepared by a qualified inventory clerk, checked and agreed by the tenant at the outset of the tenancy, and the tenant does not agree with the deductions you require at the end of the tenancy, you may be unable to prove your case to the deposit schemes independent adjudicators, and may therefore be unable to withhold money from the tenant’s deposit. |
1 bedroom property – £120.00 inc VAT (£100.00+VAT)
2 bedroom property – £168.00 inc VAT (£140.00+VAT) 3 bedroom property – £192.00 inc VAT (£160.00+VAT) 4+ bedroom property – £216.00 inc VAT (£180.00+VAT) |
| Check Out Inspection | £144.00 inc VAT (£120.00+VAT) |
| Court Attendance | £360.00 Inc VAT (£300.00 +VAT) |
| Bailiff Attendance | £210.00 Inc VAT (£175.00+VAT) |
| Property Visits for Managed Properties | £72.00 inc VAT (£60.00+VAT) |
| Property Visits Non-Managed Properties | £150.00inc VAT (£125.00+VAT) |
| Smoke Alarm/Carbon Monoxide Detector
A Smoke Alarm must be fitted on every storey (floor) of the property on which there is a room used wholly or partly as living accommodation. Under the proposals, a bathroom or lavatory is classed as a room used for living accommodation and a room covers halls or landings. Stairways are also included in the regulations e.g. for maisonettes or flats above shops where the flat is on the first floor but you enter via stairs on the ground floor a smoke alarm will be required in the stairwell. A Carbon Monoxide Detector/Alarm must be equipped in any room used as living accommodation which contains a fixed combustion appliance (excluding gas cookers). Carbon monoxide alarms should be positioned at head height, either on a wall or shelf, approximately 1-3 metres away from a potential source of carbon monoxide. |
£45.00inc VAT (£40.00+VAT)
per alarm/detector |
| Electric Installation Condition Report EICR
You must ensure that a valid electric installation condition report (EICR) is provided to the tenant prior to their occupation of the property and at least every five years thereafter This cost is to instruct an NICEIC qualified engineer to provide an EICR |
£186.00inc VAT (£155.00+VAT) |
| Serving Notices | £150.00 inc VAT (£125.00+VAT) per notice (applicable only to Fully Managed and VIP services) |
| Re-service of Notices | £150 inc VAT (£125+VAT) |
| Energy Performance Certificate
Since 1st October 2008, under the Energy Performance of Buildings Regulations 2007 (amended 2011) all rental properties in England and Wales are required to have a valid EPC with at least an ‘E’ rating prior to letting. This cost is to instruct a Domestic Energy Assessor to provide the EPC. |
£96.00 inc VAT (£80+VAT) |
| Deposit Registration Administration Fee | £72.00 inc VAT (£60.00+VAT) |
| Deposit Dispute Fee
Following checkout if the deductions are disputed by the tenant(s) then this fee covers the work involved in support of the landlord’s position |
£120 including vat (£100+VAT) |
| Statutory Declaration Fee
If the tenant does not respond regarding the deposit within 14 calendar days after the tenancy has ended, the party requesting repayment must complete a Statutory Declaration who will send it to the other party and give them the opportunity to respond within 14 calendar days. If the other party does not respond to the Statutory Declaration, DPS will repay the requested amount of the deposit within 10 calendar days; the Statutory Declaration is a sworn legal document confirming the other party cannot be contacted, and confirms any claims made on the deposit and the amounts to be repaid to each party. This needs to be signed in the presence of a solicitor. |
£36 inc VAT (£30+VAT) signed in the presence of a solicitor |
| Key Cutting | £12.00 inc VAT (£10.00+VAT) per key |
| Landlord Withdrawal from Offer | Expenses to a max of £450.00 inc VAT (£375.00+VAT) dependent on case |
| Gas Safety Certificate
In accordance with The Gas Safety (Installation & Use) Regulations 1998 to instruct a Landlord’s Gas Safety Report which MUST be EPC carried out annually by a Gas Safe Engineer. Copy held on file and issued to tenant(s). |
£96.00 inc VAT (£80+VAT) |
| Annual statement of income and
Expenditure for HMRC (for tax purposes) |
£36.00 inc VAT(£30.00 + VAT) |
| Management takeover fee | £360.00 inc VAT(£300.00 + VAT) |
| Specific site visit | £96.00 inc VAT (£80+VAT) |
| Dealing with change of tenant | £360.00 inc VAT(£300.00 + VAT) |
