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
Booking Fees for Additional Services
Inventory Booking fee
CHAPS Payment
Per Copy Statement
Submission of Tax Retained for Non Resident Landlords
Overdue Fees
Serving of Section 13 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