Full Management Service. Fees payable to the Agent for our ‘Full Management Service’ A fee of 12% (% Inclusive of VAT) of the monthly rent (the “Commission”), payable monthly, upon receipt of the rent. In addition to the above there is a ‘Set Up’ charge which includes the compilation of the inventory, schedule of condition, writing of the tenancy agreement and tenant check out which is equivalent to one weeks’ rent subject to a minimum sum of £150.00. In addition to a fee of £50.00 to register the deposit with the TDS. These charges are subject to VAT. The Agent reserves the right to charge a fee of £25 per hour to deal with any dispute arising with the Tenant over the return of the Deposit and any other matter at the end of the tenancy if the time incurred on such dispute becomes excessive.
Full Management Service. In addition to the Letting and Rent Collection Service items: ♦ The Agent will use its best endeavours to arrange minor repairs, general maintenance and replacements to the property without necessarily consulting the Landlord beforehand up to the limit agreed in writing upon giving instruction, (or up to the value of one month’s rent where no figure has been specifically agreed). The Agent will not be responsible for damage or loss incurred to the Property or the Landlord in the event of repairs, general maintenance or replacements not being carried out. ♦ The Agent will make periodic visits to the property and send a report to the Landlord but such visits and reports can only be regarded as general oversight of the Property and its care by the Tenant. The Agent does not accept responsibility for any actual variance between the report and the items reported upon. The Agent will liaise with the Tenant on all day to day matters arising. ♦ The Agent will use its best endeavours to recover possession of the Property in accordance with instructions received but cannot be liable for any delays, damages or costs incurred because such vacant possession is not achieved within the timescale requested. It will be the responsibility of the Landlord to instruct solicitors with whom the Agent will liaise. The Agent will not be liable for any legal or other costs incurred in any action against current or previous tenants undertaken on the Landlord’s instructions.
Full Management Service. We offer a widespread marketing strategy and our services include a thorough checking of prospective tenants, all legal and general administration. Our service includes: Free consultation and assessment of market rental values Marketing your property Accompanying prospective Tenant/s on viewings and matching suitable Tenant/s Rigorous Tenant/s referencing and credit checks (where necessary additional security would be requested by means of a Guarantor) Undertaking all administration and preparation of the Tenancy Agreement (it is agreed that the Agent may sign the Agreement on behalf of the Landlord) Preparing a detailed Inventory and Schedule of Condition report prior to and after a tenancy Collection of Deposit monies which we will retain in a client account and will be held until the end of the tenancy A property inspection every 3 months and written report sent for your review Rent and Legal insurance guaranteed through HCC – in the event a Tenant/s defaults on the rent HCC will pay the rent to us, in arrears, until the tenancy terminates or when the Tenant/s is evicted (all Landlord legal costs for eviction will be covered by HCC) Day to day management of property issues – arranging for a maintenance contractor to attend the property and make any necessary repairs deemed necessary once your approval is gained Rent collection each month and issuing a statement of account, less our agreed fees and expenses, into your nominated bank/building society account Finding replacement Tenant/s at the end of Tenancies Rent reviews General Authority The Landlord confirms that he/she is the sole or joint owner of the property. Maintenance & Legal Obligations You must ensure that the premises are appropriate to let and all appliances conform to the following safety regulations. All appliances, boilers and electrical goods should be in full working order, should have been recently serviced, checked for safety and have clear instructions for use. You will need to provide us with the necessary safety certificates for our file. □ The Furniture & Furnishings Regulations 1993 □ Gas Safety (Installation & Use) Regulations 1998 □ Electrical (Safety) Regulations (Law April 2021) Council Tax Payments relating to council tax will be the responsibility of the Tenant/s in the property, however, if the property remains vacant it will be the Landlords responsibility to meet the necessary payments. Holding Fees & Deposit We will hold any Deposit in a stakeholder capacity against an...
Full Management Service. Letting fee of £420 and 12% (inclusive of VAT) of the rent received
Full Management Service. The Agent provides a fully Managed Property Service to Landlords wishing to rent out their Property. The Agent’s fees for providing the Full Management Service is taken as a percentage of the gross rents due for the period of the Tenancy and a set-up fee will be levied at the outset for marketing and finding a Tenant. Renewal fees are listed under Section 26 and details of a “Find & Let” Landlord requiring the Agent to register the deposit with the DPS can be found in Section 24. If any additional Agency work is required then a quote will be provided. Costs for external contractors, mandatory safety checks and independent inventory services are listed throughout the agreement at a fixed price. Additional safety checks and arranging for properties to meet current safety legislation as well as any maintenance work will vary and a quote will be provided. The Full Management Service:
Full Management Service. Unless stated, this includes the marketing, accompanied viewing, referencing, credit searches, deposit registration and tenancy agreement set up. This also includes the collection of rental payments each calendar month. Unless instructed otherwise, we would also be responsible for issuing safety checks and certificates, respond to any emergency maintenance work and carryout remedial repairs up to an instructed limit. Plus, two annual property visits with follow up reports and an annual rent review. 60% of 1st months’ rent set up fee + VAT PLUS 9.5 % + VAT of rent received each month (Subject to a minimum set up fee of £350 + VAT = £420) Recommended and additional to the above services: Inventory & Schedule of Condition – (to include photographs and meter readings) – For peace of mind, Xxxx will conduct a thorough and detailed inventory. It forms as part of a legally binding contract between tenants and landlords. £120 + VAT Inventory & Schedule of Condition – (to include photographs and meter readings) – a recommendation for peace of mind; Elwy will conduct a thorough and detailed inventory. It forms as part of a legally binding contract between tenants and landlords. £120 + VAT Gas Safety Certificate & Boiler Service – this is an annual safety certificate undertaken by Elwy Property Management, we are gas safe registered. £70 + VAT EPC – this certificate is issued every ten years and is undertaken by a Domestic Energy Assessor. £80 + VAT Electrical Safety Certificate – this test is conducted every five years by our NICEIC qualified electrician £120 + VAT Legionella Risk Assessment – Elwy Property Maintenance can arrange for a specialist to carry out a Water Bacteria Test at the property. £100 + VAT Smoke Alarms (Battery Operated), Fire Blanket or Carbon Monoxide Fitting – Elwy Property Maintenance will arrange to test and fit alarms where necessary. We will also fit fire blankets where needed. £30 + VAT (Per alarm or Per blanket) Replacement of 9v batteries during a Property Visit – Elwy will replace the batteries in the smoke alarms during their routine property visits. £6 + VAT Tenancy Agreement & Tenancy Renewal – at any time during a tenancy, a new agreement or renewal is requested by the landlord. This cost covers the negotiation, amending and updating the terms. This also includes arranging a further tenancy agreement (if required) once an initial term has been completed. £120 + VAT (6 months) £180 + VAT (12 months) Issuing Section Notices to tenant...
Full Management Service. 12% of the gross rent for the period of the agreed tenancy term, payable monthly from rental collected. £295 setting up fee due on the initial letting, then £175 for subsequent lettings. Renewal of tenancy to the same tenant at the Landlords request – £180.
Full Management Service. 15.1 Where you have indicated that you wish us to provide a Full Management Service by marking the applicable box within the ‘Commission Fees’ ‘Long term rentals’ in the attached Information Sheet, we will provide the further services set out in this clause.
Full Management Service. At the end of the tenancy agreement we will attempt to secure you contest and the consent of the tenant for the allocation of the deposit is held in our chosen scheme we will deal with any adjudication procedure provided by the scheme. Please note that under our chosen scheme only a tenant can raise a dispute. Where the deposit is held in your own preferred scheme you will be responsible for dealing with the scheme administrators for the release of the deposit or any dispute.
Full Management Service. In addition to the Letting and Rent Collection Service items: The Agent will use its best endeavours to arrange minor repairs, general maintenance and replacements to the property without necessarily consulting the Landlord beforehand up to the limit of £200.00. Informing landlords at all times of repairs to their properties unless emergency repairs are necessary to prevent an escalation of damage to the property, to the health and safety of the tenant, or to allow the landlord to comply with the statuary obligations. The Agent will not be responsible for damage or loss incurred to the Property or the Landlord in the event of repairs, general maintenance or replacements not being carried out. The Agent will make quarterly visits to the property and send a report to the Landlord, but such visits and reports can only be regarded as general oversight of the Property and its care by the Tenant. The Agent does not accept responsibility for actual variance between the report and the items reported upon. The Agent will liaise with the Tenant on all day to day matters arising. The Agent will use its best endeavours to recover possession of the Property in accordance with instructions received but cannot be liable for any delays, damages or costs incurred because such vacant possession is not achieved within the time scale requested. It will be the responsibility of the Landlord to instruct solicitors with whom the Agent will liaise. The Agent will not be liable for any legal or other costs incurred in any action against current or previous tenants undertaken on the Landlord’s instructions. Contact service providers and local authority with the details of the new tenants and providing metre readings if required. Advertising on our own website and Xxxxxxxxx.xx.xx
