| Level of Service Offered | Tenant Find | Rent Collection | Fully Managed |
|---|---|---|---|
| CORE FEES | |||
| Tenancy Set Up | 60% of the first month’s rent, subject to a minimum fee of £600 per tenancy. | £540 per tenancy. | £540 per tenancy. |
| Management Commission | 6% of the monthly rent | 12% of the monthly rent | |
| REFERENCING / DEPOSIT / INVENTORY | |||
| Tenant / Guarantor Referencing | £48 per person | £48 per person | £48 per person |
| Deposit Registration | £48 | £48 | £48 |
| Inventory | £100 + £10 per bedroom | £100 + £10 per bedroom | £100 + £10 per bedroom |
| Deposit Dispute Report Preparation | £144 | £144 | £144 |
| Statutory Declaration | £48 | £48 | £48 |
| COMPLIANCE / PROTECTION | |||
| Material Information Fee | £25 (paid directly to our supplier) | £25 (paid directly to our supplier) | £25 (paid directly to our supplier) |
| Client Due Diligence | £10 per person (paid directly to supplier) | £10 per person (paid directly to supplier) | £10 per person (paid directly to supplier) |
| Rent and Legal Protection | Not available with this service | 3.6% of the monthly rent | 3.6% of the monthly rent |
| Energy Performance Certificate | £96 | £96 | £96 |
| Legionella Risk Assessment | £48 | £48 | £48 |
| Additional Property Visits (Full Management) | £72 | ||
| Property Visits | £72 | £72 | |
| Check Out Visit | £144 | £144 | Included |
| Preparation and Service of Section 8 notice (by Scoffield Stone) | £144 | £144 | £144 |
| Preparation and Service of Section 8 notice (by third party / Solicitor) | P.O.A | P.O.A | P.O.A |
| FINANCIAL | |||
| Rent Renegotiation and Service of Section 13 notice | £96 | £96 | £96 |
| Annual Statement | £48 | £48 | |
| Agent Switch / Takeover | No charge | No charge | No charge |
| Transfer of Management / Termination | £144 | £144 | £144 |
| Any miscellaneous items not included above | £48 per hour | £48 per hour | £48 per hour |
| Unknown contractor charges, compliance costs or other third party expenses | Will always be discussed at point of need and prior to instruction where possible, unless in emergency situations | Will always be discussed at point of need and prior to instruction where possible, unless in emergency situations |
Explanation of 'Setup Fee' as stated above
- Agree the market rent and find a tenant in accordance with the landlord guidelines.
- Advise on refurbishment.
- Provide guidance on compliance with statutory provisions and letting consents.
- Carry out accompanied viewings (as appropriate).
- Market the property and advertise on relevant portals.
- Erect a board outside the property in accordance with the Town and Country Planning Act 1990.
- Provide guidance on compliance with statutory provisions and letting consents.
- Advise on non-resident tax status and HMRC (if relevant).
If you have any questions on our fees, please ask a member of staff.
All fees shown are inclusive of VAT