Shepherd & White Lettings Fees

Landlord Fees from 1st June 2019 under Tenancy Act 2019

 

Fully Managed

£525 + VAT Set up Fee 

Paid at the point of the new tenant moving in, usually taken from first months rent.

(New business) 10% management fee (Multiple properties by negotiation) Taken from your monthly rental income.

During your let there are no hidden extra costs.

Set Up Fees include:

  • Marketing
  • Finding you a suitable tenant
  • Full references including credit checks
  • Collecting Holding Deposit
  • Preparing a draft contract
  • Producing a Tenancy Agreement
  • Producing a Photographic & Written Inventory
  • Checking the tenants in & out of the property
  • Register tenants deposits with Tenancy Deposit Scheme
  • Informing all Utlity Provides & Local Authority of new tenancy

 

Management Fee includes:

  • Collecting the rent and supplying statements to you monthly
  • Carrying out periodic inspections and providing inspection report
  • Advising on any repairs that are necessary
  • Liasing with Contractors for works & obtaining a quote
  • Chasing and dealing with rent arrears
  • Prepare Section Notices as required

 

Additional Fees:

  • Income/Expenditure Report £25.00 + VAT
  • Tenancy Renewals £50.00 + VAT
  • More than one quote for Contractors works £25.00 + VAT  
  • Additional Inspections at the landlords request £50.00 + VAT
  • Written Valuations for current market value of your rental property £75.00 + VAT

 

Let Only

£625 + VAT Paid at the point of the new tenant moving in, usually taken from first months rent. If fee exceeds first months rent, fee will need to be paid prior to move in date being arranged.

Set Up Fees include:

  • Marketing
  • Finding you a suitable tenant
  • Full references including credit checks
  • Collecting Holding Deposit
  • Preparing a draft contract
  • Producing a Tenancy Agreement
  • Producing a Photographic & Written Inventory
  • Checking the tenants in & out of the property
  • Register tenants deposits with Tenancy Deposit Scheme
  • Informing all Utlity Provides & Local Authority of new tenancy

 

Although the standard Assured Shorthold Tenancy Contracts and Inventories are prepared for you as part of the Let Only Service there are often times when you may require extra advice or paperwork, for example if the tenant should fall into arrears, or a Section Notice is required.

Please find below a list of additional services that Shepherd and White would be happy to help you with.

Additional Fees for Let Only Landlords:

Renewals: £75.00 + VAT

Once you have contacted your tenant and confirmed their renewal terms a Memorandum of Extension

can be prepared and sent to your tenant for signature and a copy sent to you for your records.

One off Inspections: £75.00 + VAT

If for any reason you would like a member of Shepherd and White to visit the property, for example

you are out of the country or have a concern about not being able to get hold of the tenant, a visit can

be carried out and a report sent to you.

Check Out Inspections: £75.00 + VAT

At the end of the tenancy if you would prefer Shepherd and White to carry out the final inspection

against the initial inventory and have this signed off by the tenant before release of any deposit.

Arrears Letters: £50.00 + VAT

Should your tenant fall into Arrears, Shepherd and White can prepare the sequence of arrears letters

which give the tenant the statutory time scales before legal proceedings begin.

Section Notices: £75.00 + VAT

In the event of you wishing to serve notice on your tenant, Shepherd and White can help with the

preparation and serving of the notice legally required by the Courts. We provide Section 21 Notices for

the possession of the property and Section 8 Notices for Arrears.

Tenancy Agreements and Inventories: £200 + VAT

Should you be in a position where you have marketed your own property and found your own tenant

we can prepare the Assured Shorthold Tenancy Agreement and written and photographic inventories.

 

 

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