Landlord fees and charges
Fees are expressed as a % of the total rent due under the tenancy. Lettings fees are payable fully in advance. Management fees are payable in line with the way the rent is due.
Minimum lettings fee £1,500 VAT is included @ 20% where applicable Lettings Service (minimum of 6 months) 13.2%
Advise on market rent, advise on refurbishment, provide guidance on safety and legal issues, market the property-on-property websites and portals, erect a board, introduce an applicant, carry our accompanied viewings, collect rent and remit rent received, hold deposit as stakeholders, advise on tax status, deduct commission, advise on non-payment of rent, make any HMRC deductions due, serve section 21 notice or notice to quit.
Short Let Service (tenancies under 6 months) 21.6% As letting service above all rent to be paid in advance
Renewal Letting Service Same % fee as above Contact Parties, advise on rent, negotiate any changes
Renewal fees are due in advance for the length of any renewal, extension or holding over the tenancy Management Service Short Let 14% or Long Let 6%
In addition to the letting or short let service above, advise utility providers and local authority of changes; carry out routine property inspections twice per annum and notify landlord of outcome, arrange routine repairs and renewal of safety records, obtain estimates, re check tenants right to rents, hold keys, arrange check out appointments, negotiate any claim against deposit, distribute deposit as agreed between parties, remit landlord dispute for TDS for adjudication.
Pre-Let Service (Charged as a percentage of net invoices) 12% Instruct works on your behalf before a tenancy starts to prepare the property for letting
Caretaking Service (Charged per property visit) £120 To visit the property as often as agreed with the landlord and advise on any works
Additional Charges (+ VAT)
- AST, Non-AST and Short Lets initial tenancy agreement per tenancy £450 (To include all tenant and guarantor reference checks and initial right to rent checks)
- Renewal AST tenancy agreement per tenancy £180 • Non-AST initial tenancy agreement (excluding reference and right to rent checks) £300 • Renewal of non-AST tenancy agreement per party £300 • Initial reference (to include right to rent checks) per tenant or company £90 • Renewing right to rent check £42 • Periodic tenancy administration charge £120 • Addenda to amend agreement terms £120 • Abortive letting administration costs £600 • Deposit protection administration charge (first 12 months) £60 • Deposit protection administration charge (after 12 months) £30 • Inventory charges (1 – 6 bedrooms) £265 to £405 • Inventory Check Out £130 • Preparing claim for a TDS adjudication (non-managed) £240 • Additional property visits at requests of landlord £120 • Applying for consent to let £60 • Supervision of works exceed £1,200 as a percentage of net invoice 12.5% • Fee for arranging EICR in line with new legislation £50 • Key cutting service £30 • To produce a copy of the original statement per copy £12 • To produce HMRC Quarterly statements £90 • To produce a copy of the original statement per annual tax bill £120 • Income and expenditure report, per report £180 • Attending court as witness half day or part. Excl costs incurred £600 • Serve section 21 Notice administration charges £300 • New build inventory inspections £300
Jefferies James is a member of the property ombudsman scheme and the money shield protection scheme.