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Guide to Renting - Landlord

Letting Service

11% plus VAT of the agreed rate for the entire term which should be paid in full at the commencement of the tenancy.

Letting and Management Services

15% plus VAT of the agreed rate for the entire term and any renewal or extension.

Management Only

5% plus VAT

Tenancy Agreements

Assured Shorthold Tenancy Agreement (Landlords share) £330 per tenant

Renewal Tenancy Agreement (Landlords Share) £240 per tenant

Additional services and their fees

VAT at 20% included in all fees
Booking Fees for Additional Services
Arranging Gas Safety check and Certificate
Arranging Portable Appliance Test (PAT)
Arranging Electrical Safety Check
Arranging Energy Performance Certificate
Arranging Legionnaires Risk Assessment

Inventory Booking fee

Inventory Check-In Charge
Deposit Registration Fee

CHAPS Payment

Pre-Tenancy Clean or clean upon request
Project Work
Refurbishments excluding day to day management
Additional Property Visits
Working balance
Miscellaneous Duties including property waiting time

Per Copy Statement

Annual Set of Copy Statements
Vacant Management
Court Attendance

Submission of Tax Retained for Non Resident Landlords

Overdue Fees

Serving of Section 13 Notice

Serving of Section 21 Notice

Processing of Insurance claims

Preparation of Documents for all Disputes Regarding the Tenancy Deposit Scheme

Lettings and Renewal

£60.00 Plus the cost of the test

£60.00 Plus the cost of the test

£60.00 Plus the cost of the test

£60.00 Plus the cost of the EPC

£60.00

£48.00

Dependent on the content and size of property

£72.00 per annum

£30.00 per payment

£60.00 to organize Additional fee dependent on property size

14.4% of work cost

n/a

£90.00 per visit

n/a

£60.00 per hour

£12.00

£120.00

n/a

£240.00 per hour

£300.00 per quarter

Interest at 4% above Bank of England base rate from due date

£60.00 per notice

£60.00 per notice

12% of claim with a minimum fee of £300.00

£100.00

Lettings and Management

Included

Included

Included

Included

Included

Included

£72.00 per annum

£30.00 per payment

Included

14.4% of work costs

12% of total cost of works

£42.00 per visit

£500.00

£42.00 per hour

Included

Included

£180.00 per month

£240.00

Included

£40.00 per notice

£40.00 per notice

12% of claim with a minimum fee of £300.00

Included

Fees payable by tenant

Holding Deposit

Refundable Tenancy Deposit

Payments in the event of a default

Equals one weeks rent and is held during the referencing process before the tenancy agreement is signed.

Equal to 5 weeks rent where the total annual rent is less than £50,000, or 6 weeks rent where the total annual rent is £50,000 or above.

The deposit will be protected in a government approved deposit protection scheme.

This charge covers:

  • The loss of a key to, or any other security device giving access to, the property to which the tenancy relates will incur a charge.
  • Failure to make a payment of rent in full only before the end of 14 calendar days beginning with the date the rent is due as written in the tenancy agreement will incur a charge of 3% above Bank of England base rate in interest for each day that the payment is outstanding.
  • Payments on variation, assignment or novation of a tenancy: If changes to the tenancy are requested by the tenant after the tenancy has become binding a charge not in excess of £50 (including VAT) will occur.
  • Payments on early termination (surrender) of tenancy: A charge will occur for a tenant’s request of an early termination of the tenancy (other than when exercising a break clause in accordance with the terms of the tenancy). The charge will not exceed the loss suffered by the landlord or the reasonable costs incurred by Milton Stone.
  • Payments in respect of Council Tax
  • Payments for Utilities: Electricity, gas or other fuel, water or sewage.
  • Payments for a television license: Payable to the British Broadcasting Corporation (BBC)
  • Communication services: Telephone (other than a mobile telephone), the internet, cable television, satellite television.
  • Green Deal charge: If the Tenancy Agreement requires the payment to be made, the tenant will make a payment towards Energy Efficiency improvement under a Green Deal charge (as set out in Section1 of the Energy Act 2011) or any subsequent energy efficiency scheme.

Client money protection (CMP) provided by Arla Propertymark; propertymark.co.uk

Ombudsman services provided by The Property Ombudsman; tpos.co.uk

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