FEES TO LANDLORDS

Fees to: Landlords

You can download a PDF version of the Fees to Landlords here

 

Levels of service offered

Tenant find: 9.6% of term (inc VAT)

Includes:

  • Fully market the property through national websites and through our extensive database of waiting applicants.
  • Accompany potential tenants to property viewings.
  • Negotiate the terms of a tenancy.
  • Reference the prospective tenant through a third party reference company.
  • Create an appropriate Tenancy Agreement.
  • Collect the first month's rent and deposit in cleared funds before any tenancy starts.
  • Hold the tenants' deposit on your behalf and register it with The Dispute Service.

 

Rent collection: 12% of rent (inc VAT)

Includes:

  • Fully market the property through local press, national websites and through out extensive database of waiting applicants.
  • Accompany potential tenants to property viewings.
  • Negotiate the terms of a tenancy.
  • Reference the prospective tenant through a third party reference company.
  • Create an appropriate Tenancy Agreement.
  • Collect the first month's rent and deposit in cleared funds before any tenancy starts.
  • Hold the tenants' deposit on your behalf and register it with The Dispute Service.

PLUS:

  • Collecting the rent and forwarding this to your bank account.
  • Providing rental statements.
  • Pursuit of late rental payments.
  • Advising on any potential rent review.

 

Fully managed: 15% of rent (inc VAT)

Includes Tenant Find services, Rent Collection, PLUS:

  • Visits to check the condition and highlight any maintenance issues.
  • Arrange for routine repairs to be carried out and paid from rent charges.
  • Pay property related charges and demands through rent received.
  • Preparation of an inventory and schedule of condition. 
  • Organisation of the tenant to be checked in and out of the property at the beginning and end of their tenancy.
  • Organising the preparation of gas and electrical safety checks.
  • Ongoing Landlord's Gas Safety checks throughout the life of the tenancy.
  • Preparation of an Energy Performance Certificate (EPC).
  • Serving of notices or other tenancy related documents during the tenancy.
  • Assist in the negotiations of the release of the tenants' deposit at the end of the tenancy.

 

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

Inventory Fee (landlords share): £132 inclusive of VAT MINIMUM

Dependant on the number of bedrooms and/or size of the property and outbuildings and whether furnished or unfurnished.
 

Tenancy Agreement Fee: £120 (inc VAT)

  • Arranging and drawing up legal tenancy agreement
     
Deposit registration fee: £30 per annum MINIMUM (inc VAT)
  • 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: £60 (inc VAT)
  • To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance linked visit.
 
Arrangement fee for major works supervision: 7.2% of net cost (inc VAT)
  • 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: 7.2% of net cost (inc VAT)
  • 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
 
Renewal Fee (landlords share): £60 (inc VAT)
  • Contract negotiation, amending and updating terms and arranging a further tenancy agreement.
Court Attendance: £72 (inc VAT) per hour
 
Safety Equipment Provision: £30 (inc VAT)
  • If instructed to arrange for the provision of safety equipment in the property eg smoke alarm, carbon monoxide detector.
 
Safety Checks Administration: £30 (inc VAT) per inspection
  • If instructed to arrange safety checks at the start of the tenancy and during the term of the tenancy. This is in addition to the invoice submitted by the contractor.
 
Deposit Reconciliation*: £300 (inc VAT)
  • If instructed to conduct or become involved in the negotiations between a Landlord and Tenant to reach agreement regarding the apportionment of the tenant's deposit.
 
Tax Accounting: £30 (inc VAT)
  • If you are resident overseas and do not wish to apply for, or if you are refused exemption and we are obliged to submit quarterly returns o the Inland Revenue, the charge above will apply.
 
Landlord Withdrawal from Offer:  £360 (inc VAT) up to a maximum of for two tenants
  • If you instruct us to proceed with a proposed Tenancy at your property based on an offer from a tenant introduced by GL & Co Estate Agents from which you subsequently withdraw, we reserve the right to charge the above fee.
 
*Tenant find and rent collection only
 

 

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GL&Co is an ARLA Licenced Member
www.arla.co.uk
 
Client Money Protection (CMP) provided by: ARLA | Propertymark
 
Independent Redress Provided by: ARLA | Propertymark