Clear and transparent
We offer a straightforward and transparent commission structure which allows our Landlords to spread the payment of our commission over the duration of the tenancy. Unlike most agents our commission is paid on a monthly basis, so that our Landlords start receiving an income for their property as soon as the tenant moves in. Rest assured as a member of The Property Ombudsman (TPO) for Lettings we subscribe to TPO’s Codes of Practice. This government approved independent redress scheme gives consumers additional protection beyond that required by law. Our clients and customers have peace of mind that there is free and fair redress available in the unlikely event of an unresolved dispute involving our agency. As regulated members of ARLA and RICS this means that any monies we hold on your behalf is insured. This gives you peace of mind and financial protection with the knowledge that your money will always be safe in our hands under the RICS Client Money Protection Scheme.
Under our comprehensive Premium Management Service we include all of the following within our commission rate of 17% (20.4% incl VAT)
Arranging day to day maintenance and repairs is included within the management fee. For any major repairs and refurbishment works, where the cost exceeds £350, we apply a 10% administration and project management fee. If we are arranging extensive improvements on a property, where work exceeds £2500, then we will look to agree a project management fee for organising the work, which will be up to a maximum of 20% of the invoice.
In addition to our Premium Managed Service we also offer a comprehensive Fully Managed service at 16% (19.2% incl VAT) and a Rent Managed service which is charged at 11% (13.2% incl VAT) as detailed above. By choosing either of these services the following additional fees would apply:
Fully Managed, Rent Managed and Short lets
New Tenancy Administration Fee (£270) contributes towards drawing up the tenancy agreement, collecting references on the new tenant, protecting the security deposit with a Government-authorised Scheme and provides the tenant(s) with a Deposit Certificate and Prescribed Information within 30 days of the start of the tenancy.
Renewal Fee (Landlord share £144) is paid in order to negotiate contracts, amend and update terms, arrange a further tenancy and re register the security deposit with a Government-authorised scheme. It provides the tenant(s) with a Deposit Certificate and Prescribed Information within 30 days of the start of the tenancy.
Start of Tenancy Check Out Fee There will be a contribution of £144 towards an independent inventory clerk to carry out a check-out report, payable at the commencement of the tenancy.
Professional Inventory Report - upon your instruction we will arrange for an inventory clerk to prepare an inventory for your property. The cost of the inventory will vary from £102 to £276 depending on the size and level of furnishing.
An International Bank Transfer Fee (£30) applies when we are instructed to transfer funds overseas.
Non-Scheduled Attendance at Property Fee (£72 for the first hour and £36 for any additional hours) applies when we are required to attend the property outside the terms of our contractual obligations. This includes attending for deliveries or waiting for contractors.
Energy Performance Certificate (£144) upon your instruction we will arrange for an energy assessor to visit the property, assess the energy rating and issue the certificate.
Gas Safety Certificate (£84) upon your instruction we will arrange for a registered engineer to visit your property and carry out the relevant safety checks before issuing the certificate.
All prices include VAT