Landlord’s fees

Landlord’s fees

Fees to Landlords

Tenant Introduction Only

Our fee for this service is 90% of the first monthly rent including VAT, for example if rent is £ 500 per calendar month then the fee would be £ 450 including VAT ( subject to a minimum of £ 420 including VAT )

The service includes :

Part A :

  • Agree the market rent and find a tenant in accordance with the landlord guidelines
  • Advice on refurbishment
  • Provide guidance on compliance with statutory provisions and letting consents
  • Provide guidance on the preparation of Gas Safety Certificate, Electrical Safety Inspection, Legionella Risk Assessment, Smoke and Carbon Monoxide Alarms – these can be arranged subject to additional cost please contact us to discuss requirements.
  • Carry out accompanied viewings ( as appropriate )
  • Market the property and advertise on relevant internet portals
  • Erect board outside of property in accordance with Town and Country Planning Act 1990
  • Advise on non-resident tax status and HMRC ( if relevant )
  • Preparation of an Inventory
  • Collect and remit initial months’ rent received and Deposit monies
  • 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 NRL8 ( if relevant )

Tenant Introductions and Management Service

Our fee for this service is an initial fee of £ 300 including VAT for all aspects covered in Section A. In addition a fee for the ongoing management service detailed in section B is payable of 12% of monthly rent collected for the property including VAT, for example if the monthly rent was £ 500 then the fee payable would be £ 60 including VAT.

Service includes :

  • All of Part A above
  • Collect and remit the monthly rent received
  • Pursue non-payment of rent and provide advice on rent arrears actions
  • Deduct commission, VAT and other works
  • Advise all relevant utility providers of changes
  • Undertake a minimum of one inspection every three months and notify landlord of outcome
  • Arrange routine repairs and instruct approved contractors in consultation with landlord
  • Hold keys throughout the tenancy term ( if supplied by landlord )
  • Include a Landlord’s property within our Rental Guarantee Insurance Policy if required – please contact us for details

Client protection money provided by The Deposit Protection Service : The Pavillions, Bridgwater Road, Bristol, BS99 6AA – Tel – 0330 303 0030

INDEPENDENT REDRESS: THE PROPERTY OMBUDSMAN – see www.tpos.co.uk
Milford House, 43-55 Milford Street, Salisbury, Wiltshire SP1 2BP – Tel 01722 333306
You will need to submit your complaint to The Property Ombudsman within 12 months of receiving our final viewpoint letter.

Grosvenor Waterford Estate Agents Ltd is a member of safeagent and as a member is part of the safeagent Money Protection Scheme.

If you have any questions on our fees or any other matter please contact us to discuss.