FEES TO LANDLORDS

 

Level of service offered

TENANT FIND:
7.5% of rent (inc VAT)

INCLUDES:

•    Collect and remit initial months’ rent received

•    Agree collection of any shortfall and payment method

•    Provide tenant with method of payment

•    Deduct any pre-tenancy invoices

•    Make any HMRC deduction and provide tenant with the NRL8 (if relevant)

 

RENT COLLECTION:
9.5% of rent (inc VAT)

INCLUDES:

•    Collect and remit the monthly rent received

•    Deduct commission and other works

•    Pursue non-payment of rent and provide advice on rent arrears actions

•    Make any HMRC deduction and provide tenant with the NRL8 (if relevant)

 

FULLY MANAGED:
11.5% of rent (Inc VAT)

INCLUDES:

•    Collect and remit the monthly rent received

•    Pursue non-payment of rent and provide advice on rent arrears actions

•    Deduct commission and other works

•    Advise all relevant utility providers of changes

•    Undertake two inspection visits per annum and notify landlord of the outcome

•    Arrange routine repairs and instruct approved contractors (providing two quotes)

•    Hold keys throughout the tenancy term

•    Make any HMRC deduction and provide tenant with the NRL8 (if relevant)

 

Additional non-optional fees and charges (irrespective of level of service)

 

SETUP FEE (LANDLORD'S SHARE): £120.00 (inc VAT)

•  Agree the market rent and find a tenant in accordance with the landlord guidelines

•  Advise on refurbishment

•  Provide guidance on compliance with statutory provisions and letting consents

•  Carry out accompanied viewings (as appropriate)

•  Market the property and advertise on relevant portals

•  Erect board outside property in accordance with Town and Country Planning Act 1990

•  Advise on non-resident tax status and HMRC (if relevant)

 

INVENTORY FEE (LANDLORD'S SHARE) see attached Schedule

•  Dependent on the number of bedrooms and/or size of the property and outbuildings

 

DEPOSIT REGISTRATION FEE: NIL

•  Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme 

•  Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy

 

ADDITIONAL PROPERTY VISITS: £30.00 (inc VAT)

•  For specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit

 

SUMISSION OF NON-RESIDENT LANDLORDS RECEIPTS TO HMRC: £17.50 (inc VAT) quarterly

•  To remit and balance the financial return to HMRC quarterly and respond to any specific query relating to the return from the landlord or HMRC    

 

ARRANGEMENT FEE FOR WORKS OVER £250.00 - 10% of net cost

•  Arranging access and assessing costs with contractor; 

•  Ensuring work has been carried out in accordance with the specification of works

•  Retaining any warranty or guarantee as a result of any works

ARRANGEMENT FEE FOR REFURBISHMENTS OVER £500.00 - 15% of net cost

•  Arranging access and assessing costs with contractor; 

•  Ensuring work has been carried out in accordance with the specification of works

•  Retaining any warranty or guarantee as a result of any works

 

OBTAINING MORE THAN TWO CONTRACTOR QUOTES:

£30.00 (inc VAT) per quote

 

RENT REVIEW FEE: £30.00 (inc VAT)

•  Review rent in accordance with current prevailing market condition and advise the landlord 

•  Negotiate with tenant

•  Direct tenant to make payment change as appropriate

•  Update the tenancy agreement

•  Serve Section 13 Notice if tenancy is on a rolling monthly basis

 

RENEWAL FEE (LANDLORD'S SHARE): £120.00 (inc VAT)

•  Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

 

CHECKOUT FEE (LANDLORD'S SHARE): £120.00 (inc VAT)

•  Agree with tenant check out date and time appointment 

•  Instruct inventory provider to attend

•  Negotiate with landlord and tenant any disbursement of the security deposit

•  Return deposit as agreed with landlord and tenant to relevant parties

•  Remit any disputed amount to Scheme for final adjudication

•  Unprotect security deposit 

•  Instruct contractors; obtain quotes; organise repairs /replacement/cost of any broken or missing items 

 

COURT ATTENDANCE: £60 (inc VAT) per hour

 

Arbon & Miller (Lettings) Limited trading as Arbon & Miller are registered with Propertymark for Client Money Protection.

Arbon & Miller (Lettings) Limited trading as Arbon & Miller are registered with the independent redress scheme The Property Ombudsman.

Require aValuation

Find out how much your home is worth with a free valuation.
Enquire