INDEPENDENT REDRESS PROVIDED BY: The Property Ombudsman

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Lesley Chase
6 years ago
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VAT (Non Resident and Resident Landlords) Home Let - Level of service offered: Tenant find: 60% of one month's rent (50% + VAT) Marketing Viewings Tenant selection Credit checking of guarantors

1 Home Run Lettings: Fees to Landlords Home Run Accreditation Only: January 2016 onwards: Access to Home Run online advertising platform Invite to Landlord Meeting Newsletters Access to Home Run Assured Shorthold Tenancy Agreement (Non Resident Landlords only) 40 inc. VAT (Non Resident and Resident Landlords) Home Let - Level of service offered: Tenant find: 60% of one month's rent (50% + VAT) Marketing Viewings Tenant selection Credit checking of guarantors Tenancy agreements First month s rent, deposit collection & transfer Preparing initial standing order for future payments Fully managed: 12% of collected monthly rent (10% + VAT) Marketing Viewings Tenant selection Credit checking of guarantors Tenancy agreements Instruct professional inventory Utility companies notification & meter readings Collection of rent & deposit Inspections Property maintenance service Chasing rent arrears End of tenancy arrangements Check out & closing inspection Return of deposit Additional Non-Optional Fees and Charges Setup Fee (Landlord s share per new tenancy) 300 (inc. VAT) Fee applicable to Fully Managed service Agree the market rent and find a tenant in accordance with the landlord guidelines

2 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 Inventory Update Inventories are updated each time a new set of tenants move into the property. Inventories are undertaken by an Independent Inventory Clerk on the landlord s behalf. Costs are dependent on factors such as furnishing type and number of rooms. Guideline costs are indicated below. Inventories are undertaken by an Independent Inventory Clerk on the landlord s behalf. Costs are dependent on factors such as furnishing type and number of rooms. Guideline costs are indicated below. Deposit Registration 0 (inc. VAT) Register landlord and tenant details and protect the security deposit with Government authorised scheme Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy Additional property visits 24 (inc VAT) Submission of non-resident landlords receipts to HMRC 120 (inc VAT) per quarter 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 (inc VAT) per quote 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

3 Rent Review Fee Included in Renewal Fee 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) 300 (inc VAT) for Fully Managed service and 60% of first month s rent for Tenant Find service Checkout Fee (Landlords share) 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 Charge for additional services carried out upon your written request Withdrawal of Tenancy Fee Charged where a formal offer has been made by the applicant and the landlord decides not be proceed. Charge for Independent Inventory Clerk to undertake check out report. Costs are dependent on factors such as furnishing type and number of rooms. Guideline costs are indicated below. 30 (inc VAT) 240 (inc VAT) Provide lender with a copy of tenancy agreement 24 (inc VAT)

4 Right to Rent checks 0 (inc VAT) Below are guideline costs for works completed by third party contractors. These charges will be subject to change and you will be notified as and when these changes are made: Third Party Fees Creation of inventory Six 72 (inc VAT) 78 (inc VAT) 102 (inc VAT) 120 (inc VAT) 150 (inc VAT) TBC (inc VAT) POA Inventory Update Six 36 (inc VAT) POA (inc VAT) Check-Out

5 Six POA Fire Risk Assessment 115 (inc VAT) Annual service of fire extinguisher & fire blanket 15 (inc VAT) Annual service of smoke alarms & emergency lighting 66 (inc VAT) Gas Safety Certificate 60 (inc VAT) Electrical Installation Condition Report 156 (inc VAT) If you have any questions on our fees, please ask a member of staff Updated: November 2016

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