Fees to Landlords

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Levels of service offered

 

TENANT FIND: 11.6% 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(s) through a third party referencing 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: 14% of rent (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 terms of a tenancy.
•  Reference the prospective tenant(s) through a third party referencing company.
•  Create an appropriate Tenancy Agreement.
•  Collect the first month's rent and deposit in cleared funds before any tenancy starts.
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: 17% of rent (inc VAT)

INCLUDES TENANT FIND SERVICES AND 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 received.
•  Pay property related charges and demands through rent received.
•  * Preparation of an inventory and schedule of condition.  Organising 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 electric safety checks.
•  * Ongoing Landlord's Gas Safety checks throughout the life of the tenancy.
•  * Preparation of an Energy Performance Certifice (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 cost as outlined overleaf

 

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

Inventory Fee  £150 (inc VAT) MINIMUM
Dependent on the number of bedrooms and/or size of the property and outbuildings and whether furnished or unfurnished

Deposit Registration Fee:  £72 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.

Addititional property visits:  £90 (inc VAT)
•  To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit.
•  Tenancy agreement fee £300 (inc VAT) arranging and drawing up legal tenancy agreement

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)  £144 (inc VAT)
•  Contract negotiation, amending and updating terms and arranging a further tenancyagreement.

Court Attendance  £90 (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: £60 (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

If you have any questions on our fees please ask a member of staff.

 

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