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Landlord's Fees

Landlord's Fees

TENANT FIND SERVICE

  • Provide a rental valuation of your property and advise on how to maximise your rental value.
  • Marketing your property on the portals as well as social media.
  • Email and SMS marketing to an active database of tenants.
  • Arrange and accompany all viewings with prospective Tenants.
  • Negotiating the Tenancy between yourself and prospective Tenants.
  • Obtaining a Holding Deposit (1 week’s rent) which demonstrates both the Landlord and the Applicant’s commitment to entering an agreement subject to contract and references.
  • Obtaining references for the Tenant(s) and Guarantor(s) as applicable. These include employment/income check, Landlord check, Credit check, and Right to Rent check (Please refer to the Landlord fees for more information).
  • Creating and arranging the tenancy agreement to be signed by both parties. These are created electronically and are all signed via electronic signatures.
  • Arranging for an Inventory at the property (Please refer to the Landlord fees for more information).
  • Collecting the first instalment of rent from the Tenant(s).
  • Collecting the deposit from Tenant(s) (5 weeks rent).
  • Registering the deposit with the DPS (Please refer to the Landlord fees for more information).
  • Providing you with a rental statement for the first instalment of rent paid by the Tenant.
  • Negotiating any renewal of the tenancy at the end of the fixed term or during a periodic agreement (Commissions and fees are applicable).

9.6% of rent (inc VAT)
Renewal fee years 1-2: 6% of rent (inc VAT)
Renewal fee for year 3 onwards: 3% of rent (inc VAT)

RENT COLLECTION SERVICE

  • This service includes all ‘Tenant Find Services’ in addition to the below:
  • Arranging for the Tenant(s) to set up a standing order payable to Collins Sarwar Estates on your behalf.
  • Arranging for the Tenant(s) to make regular payments in accordance with their tenancy agreement.
  • Chasing up any late rental payments from the Tenant and liaising with the Landlord on this matter.
  • You will have access to our ‘My Area’ page on www.collins-sarwar.com, where you will be able to see all information relating to your property, including all compliance certificates and tenancy agreements.
  • You will get login details to see your monthly statements.

12% of rent (inc VAT)
£120.00 annual renewal (inc VAT)

FULLY MANAGED SERVICE

  • Our fully managed service includes all services provided in our Tenant Find and Rent Collection services, as well as the following:
  • Arranging all legally required compliance documents (Gas, EPC, electrical safety certificates) on your behalf. These will be logged onto our system with expiration reminders to both Agent and Landlord (please refer to landlord fees for more information).
  • Transfer of utilities: We will transfer all utility bills to the new tenant’s name and make them aware of the date they moved in. This includes informing the council of any void periods.
  • Management visits: We will conduct a management visit every 6 months to ensure that the tenants are abiding by the tenancy and are not in breach of any clauses. Management visits will be conducted with full photographic evidence, and a written report will be sent to the landlord.
  • Maintenance: We have a full maintenance team available at any hour of any day to ensure that all routine maintenance work is done. Emergency work is carried out up to a value of £300.00 inc VAT without the consent of the Landlord.
  • Dealing with tenancy matters: We will handle all tenant-related issues and queries throughout the tenancy duration alongside all day-to-day questions.
  • Check-out: At the end of the tenancy, the inventory clerk will check the inventory and schedule of conditions. We will then advise you on any deductions we feel appropriate to be taken from the deposit (please refer to landlord fees for more information).
  • Serving of Section 21 or Notice to Quit at no additional cost (please refer to landlord fees for more information).
  • Boiler, Plumbing & Electrical Emergency Cover is included within our fully managed service – Terms set out in a separate agreement to be signed by the landlord.
  • Rent guarantee policy can be arranged on behalf of the landlord (please refer to landlord fees for more information).

16.8% of rent (inc VAT)
£120.00 annual renewal (inc VAT)

PREMIUM MANAGEMENT SERVICE

  • Our premium service includes all of our other services plus additional benefits, making it the best value for money property management service offered locally.
  • Gas & EPC will be done on your behalf and at no additional cost.
  • Electrical safety certificates will be arranged for you (please refer to landlord fees for more information).
  • Rent guarantee policy included at no additional cost (including legal fees).
  • Management visits: We will conduct a management visit after the initial 3 months of the tenancy. After the first visit, we will determine the appropriate time for the next visit. These will range from every 3–6 months depending on our findings in the first inspection. This ensures that tenants are abiding by the tenancy and are not in breach of any clauses. Management visits will be conducted with full photographic evidence, and a written report will be sent to the landlord.
  • Property video tours – These will be sent to prospective tenants as well as published on our website and social media platforms.
  • Serving of Section 21 or Notice to Quit at no additional cost.

19.2% of rent (inc VAT)
£120.00 annual renewal (inc VAT)

LANDLORD SCHEDULE OF FEES

Pre-tenancy referencing fees for Landlord:

  • £20.00 per working tenant or permitted occupier named on the AST agreement (inc Right to Rent check).

Start of tenancy fees:

  • Deposit registration with the DPS: £24.00 (let only, other services are free).
  • Licensing applications (selective license, HMOS): £180.00.
  • Landlord withdrawal fee: To cover the costs associated with marketing, advertising, and tenancy start-up should the landlord pull out after satisfactory references have been obtained: £200.00.
  • Key cutting: Cost of the key plus £5.00 fee for up to 3 keys.

Pre-tenancy / Post-tenancy clean:

  • 1 Bedroom: £220.00
  • 2 Bedroom: £250.00
  • 3 Bedroom: £300.00
  • 4 Bedroom: £350.00
  • 5 Bedroom: £400.00

During Tenancy Fees:

  • Serving of a Section 21 Notice or Notice to Quit: £120.00 (included in our premium management service).
  • Arranging for further quotes after the initial two provided within our service (for works over £250.00): £50.00.

End of tenancy fees:

  • Tenancy dispute fee: £100.00 (will not apply if you are re-letting your property with Collins Sarwar Estates).
  • Court attendance fee: £60.00 per hour.

Inventory fees:

  • 1 Bedroom: £120.00 unfurnished / £125.00 furnished
  • 2 Bedroom: £130.00 unfurnished / £145.00 furnished
  • 3 Bedroom: £150.00 unfurnished / £165.00 furnished
  • 4 Bedroom: £180.00 unfurnished / £195.00 furnished
  • 5 Bedroom: £200.00 unfurnished / £215.00 furnished

Check-out fees:

  • 1 Bedroom: £100.00
  • 2 Bedroom: £110.00
  • 3 Bedroom: £130.00
  • 4 Bedroom: £160.00
  • 5 Bedroom: £180.00