Levels of service offered:

Tenant find: 60% of rent* (Inc VAT)

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)

* of first month's rent



Rent collection: 7.5% of rent *

Includes:

  • Collect and remit the monthly rent received
  • Deduct commission and other works
  • Arrangement payments from rental for statutory requirements
  • Pursue non-payment of rent and provide advice on rent arrears actions

* inclusive of VAT



Fully managed:12% of rent (Inc VAT)

Includes:

  • Collect and remit the monthly rent received
  • Pursue non-payment of rent and provide advice on rent arrears actions
  • Deduct commission and other works
  • Advise all relevant utility providers of changes
  • Undertake two inspection 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


ADDITIONAL NON-OPTIONAL FEES AND CHARGES (IRRESPECTIVE OF LEVEL OF SERVICE):

Setup Fee (Landlords Share):

48% (inc VAT)

  • 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 (landlords share) £90 (inc VAT)

Dependent on the number of bedrooms and/or size of the property and outbuildings



Deposit Registration Fee:

£25 (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:

£40 (inc VAT)

To attend for 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

£12.50 (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 £2500:

5% of net cost

  • 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


Arrangement fee for refurbishments over £2500:

5% of net cost

  • 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 contractors quotes

£5 (inc VAT) per quote



Rent Review Fee (during tenancy)

£100 (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 (landlords share)

£75 (inc VAT)

Contract negotiation, amending and updating terms and arranging a further tenancy and agreement



Checkout Fee (landlords share)

£60 (inc VAT)

  • 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


Court Attendance

£60 (inc VAT) per hour

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF
Executive Lets
48 North Hill
Plymouth
PL4 8EU

Tel: +44 (0) 1752 255256
Fax: +44 (0) 1752 663087
Office opening hours:
Mon - Fri: 9am to 5.30pm
Sat: 10am - 1pm

Contact Us