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.