Landlord Fees as of 1st March
FULLY MANAGED (FM): 90% of rent (inc VAT)*
*See SETUP FEE below. Ongoing full management fee of 15% (inc VAT) of each month's rent thereafter. Full Management = FM herein.
INCLUDES:
- Compile a comprehensive photographic inventory/schedule of condition
- Collect and remit the monthly rent received
- Pursue non-payment of rent and provide advice on rent arrears actions
- Advise all relevant utility providers of changes (landlords should always notify the end of utilities responsibilities on the first let)
- Deduct commission and other works
- Undertake three house visits per annum and notify landlord of the outcome
- Arrange routine repairs and instruct approved contractors (providing two quotes)
- Hold keys throughout the tenancy term
- Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
RENT COLLECTION (RC): 120% of rent (inc VAT)*
*See SETUP FEE below. Ongoing rent collection management fee of 6% (inc VAT) of each month's rent thereafter. Rent Collection = RC herein.
INCLUDES:
- Collect and remit the monthly rent received
- Deduct commission and other works
- Pursue non-payment of rent and provide advice on rent arrears actions
- Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
TENANT FIND or LET ONLY (LO): 120% of rent (inc VAT)*
*See SETUP FEE below. Tenant Find = TF herein.
INCLUDES:
- Collect and remit initial months’ rent received
- Agree collection of any shortfall and payment method
- Provide tenant with method of payment
- Deduct any pre-tenancy invoices
- Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
Additional non-optional fees and charges (irrespective of level of service)
SETUP FEE as per service level chosen on page one*
- 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 board outside property in accordance with Town and Country Planning Act 1990
- Advise on non-resident tax status and HMRC (if relevant)
INVENTORY FEE (TF & RC Only) Min. £90, max £200 (inc VAT)
- Dependent on the number of bedrooms and/or size of the property and outbuildings
DEPOSIT REGISTRATION FEE: (FM Only) £60 (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 on specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit
SUBMISSION OF NON-RESIDENT LANDLORDS RECEIPTS TO HMRC: £60 (inc VAT) quarterly
- To remit and balance the financial return to HMRC quarterly and respond to any specific query relating to the return from the landlord or HMRC
ARRANGEMENT FEE FOR WORKS OVER £250 (inc VAT) 12% 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
OBTAINING MORE THAN TWO CONTRACTOR QUOTES
£18 (inc VAT) per additional quote
RENT REVIEW FEE: £60 (inc VAT)
- Review rent in accordance with current prevailing market condition and advise the landlord
- Negotiate with tenant
- Direct tenant to make payment change as appropriate
- Update the tenancy agreement
- Serve Section 13 Notice if tenancy is on a rolling monthly basis
RENEWAL FEE: £195 (inc VAT)
- Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
- Dealing with any deposit protection regulations and the service of regulatory documents
CHECKOUT FEE (FM only): Included in the management fee
- Agree with tenant check out date and time appointment
- Instruct inventory provider to attend
- Negotiate with landlord and tenant any disbursement of the security deposit
- Return deposit as agreed with landlord and tenant to relevant parties
- Remit any disputed amount to Scheme for final adjudication
- Unprotect security deposit
- Instruct contractors; obtain quotes; organise repairs /replacement/cost of any broken or missing items
PREPARATION OF COURT PAPERWORK FOR POSESSION AND/OR ARREARS (FM only): £100 (inc VAT)
COURT ATTENDANCE: £60 (inc VAT) per hour
COURT FEES: Payable to HM Courts and Tribunal Service and/or chosen representative solicitor
LOYALTY COMMISSIONS: From time to time Harvey Scott may receive a small commission for recommending a service or supplier to Landlords and Tenants
Fees negotiable dependent on circumstances.
Client Money Protection (click for certificate and rules of the scheme):
Independent Redress:
