King West Lettings: Landlord Fees and Charges

King West Lettings: Landlord Fees and Charges

What we charge you depends on what kind of property you’re letting out and whether you would like us to manage the property once a tenant is found.  Below is an example of our standard fees and charges to give you an idea of what to expect.

Our Letting Agents will talk you through our Terms of Business, the services we can offer you and what your fees will be

Letting Only: One month's rent, plus any disbursements, plus VAT (20%) payable on completion of the tenancy agreement/payment of first months rent

-          Find a tenant

-          Discuss local market conditions

-          Advise on preparing your property for letting

-          Any advice required during the process

-          Assist you with gaining the relevant compliance, best practice and health and safety documents

-          Market the property and advertise on relevant portals

-          Arrange and accompany viewings

-          Draw up the tenancy agreement and all relevant documents

-          Provide all legal documents to tenants

-          Arrange for an Inventory / Record of Condition report (payable by ingoing tenant)

-          Collect, hold and register the deposit 

-          Ensure you receive the first months rent directly by the tenant and provide a Standing Order Mandate

-          Check tenants into property

-          End of tenancy advice and return of deposit

Disbursements are not exclusive but can include; mileage to attend the property, Land Registry check, To Let board, any requested professional photographs or floor plans, requested EPC

 

Full Property Management and Rent Collection: 10% of monthly rent (12% inc VAT), plus any disbursements for as long as the tenant occupies the property

In addition to the above service and fee, we will; 

-          Arrange for the compliance, best practice and health and safety documents to be undertaken pre-tenancy

-          Contact all utility / Council Tax providers with opening readings/tenancy dates

-          Hold a set of keys  

-          Collect the rent

-          Deal with the day-to-day management including all tenant queries and repairs

-          Hold a working fund and make payments

-          Renew all compliance safety checks during the tenancy, when required

-          Visit the property at least once a year

-          Provide an out of hours emergency service

-          Manage all end of tenancy matters

-          Arrange for the Check-Out report to be undertaken with and independent Inventory Clerk

-          Negotiate any deposit disputes

 

Extra optional and non-optional fees and charges	Fee excl. VAT	Fee (Inc. VAT)
Land Registry	£4.00	£4.80
Energy Performance Report	£75.00	£90.00
Check-Out Report (non-managed tenancies) based on an unfurnished 3-bedroom house	£100.00	£120.00
Tenancy renewal (request by Landlord/non-managed)	£125.00	£150.00
Cancelling a letting before a tenant moves in	50% of original fee	50% of original fee + VAT
Making a payment outside of the UK	£25.00	£30.00
Making a same day payment in the UK	£25.00	£30.00
Compliance safety Inspections & works required	Cost of Works	Cost of Works + VAT
Serving of Notices
Section 13 & Section 21 Notices (non-managed)	£50.00	£60.00 + any mileage disbursements
Attending Court (Lettings Manager)	£100 per hour	£120.00
Attending  Court (Director)	£200 per hour	£240.00
Interest on unpaid commission or other monies	4% above the base rate of Barclays Bank PLC
Insurance Claims	£100 per hour	£120.00

 

Can we help?

If you have a question relating to any aspect of residential lettings, please contact our Lettings Manager, Katie Wilcox-Smith

Tel: 01780 484520

Email: kwilcox-smith@kingwest.co.uk