Michael Jones and Company
Michael Jones and Company

029 2034 2331

Landlord and Tenant Fees

FEES TO LANDLORDS

TENANT-FIND ONLY SERVICE
EQUIVALENT TO 2 WEEKS’ RENT + V.A.T. TO INCLUDE THE PREPARATION OF THE TENANCY AGREEMENT.

FOR A FULL COPY OF OUR TENANT-FIND ONLY TERMS AND CONDITIONS, PLEASE CONTACT US.

MANAGEMENT SERVICE
TENANT-FIND FEE (AS ABOVE) PLUS -

  • A MONTHLY CHARGE EQUAL TO 10% OF THE RENT + V.A.T. FOR RENTS IN EXCESS OF £500 P.C.M.
  • A MONTHLY CHARGE EQUAL TO 12.5% OF THE RENT + V.A.T. FOR RENTS LESS THAN £500 P.C.M.
  • PLUS THE COST OF PREPARING AN INVENTORY. (THIS IS A VARIABLE COST – PLEASE ASK FOR DETAILS.)

FOR A COPY OF OUR MANAGEMENT TERMS AND CONDITIONS, PLEASE CONTACT US.

RENEWAL OF TENANCY AGREEMENT
IF THE TENANTS WISH TO REMAIN FOR A FURTHER FIXED PERIOD THE FEE IS £120 INC. V.A.T. TOWARDS THE COST OF THE PREPARATION OF A NEW TENANCY AGREEMENT AND OTHER ADMINISTRATION COSTS.

FEES TO TENANTS

AGENCY (HOLDING) FEE
EQUIVALENT TO ONE WEEK’S RENT + V.A.T. THE PROPERTY WILL BE HELD FOR 5 WORKING DAYS TO ALLOW FOR THE REFERENCING PROCESS TO BE UNDERTAKEN.

NOTE: THIS IS NON-REFUNDABLE SHOULD THE TENANCY NOT PROCEED DUE TO THE FAILURE OF THE TENANT/S OR GUARANTOR/S REFERENCING PROCESS, OR SHOULD THE PROPOSED TENANT/S DECIDE NOT TO PROCEED FOR ANY REASON.

REFERENCING FEE
A FEE OF £18 (INC. V.A.T.) PER PERSON + £14.40 (INC. V.A.T.) PER PERSON FOR GUARANTOR REFERENCING WHERE REQUIRED.

CHANGES DURING THE TENANCY
THE FEE FOR A CHANGE OF TENANT DURING THE TENANCY (SUBJECT TO THE LANDLORD/S AGREEMENT AND INC. REFERENCING, PREPARING A NEW TENANCY AGREEMENT, BOND REGISTRATION ETC.) IS EQUAL TO ONE WEEK OF THE FULL RENT + V.A.T.

END OF TENANCY
THE CHECK-OUT FEE AS PER THE TERMS OF THE INDEPENDENT INVENTORY PROVIDER. ASK FOR DETAILS.

RENEWAL OF TENANCY AGREEMENT
SHOULD THE TENANTS WISH TO REMAIN FOR A FURTHER PERIOD (SUBJECT TO THE LANDLORD/S AGREEMENT) THE FEE WILL BE £30 (INC. V.A.T.) PER TENANT TOWARDS THE COST OF THE PREPARATION OF A NEW TENANCY AGREEMENT AND FOR UP-DATING THE BOND REGISTRATION WITH THE TENANCY DEPOSIT SCHEME (CURRENTLY T.D.S.)

PERIODIC TENANCIES
SHOULD THE TENANCY CONTINUE AS A PERIODIC TENANCY THERE WILL BE A SINGLE CHARGE OF £18 (INC. V.A.T.) FOR UP-DATING THE REGISTRATION DETAILS WITH THE TENANCY DEPOSIT SCHEME.

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