FEES TO LANDLORDS
| Contract Holder Find Only Service Fee |
Excluding VAT |
Including VAT |
| Initial Set Up - calculated as a percentage of monthly rent |
75% |
90% |
| Full Management Service Fees |
Excluding VAT |
Including VAT |
| Initial Set Up - calculated as a percentage of monthly rent |
60% |
72% |
| Monthly Management Fee - calculated as a percentage of monthly rent |
12.5% |
15% |
| Monthly Management Fee - Properties below £500 per calendar month |
14% |
16.8% |
| Non-UK Resident Landlord Monthly Management Fee - calculated as a percentage of monthly rent |
16% |
19.2% |
All fees are subject to Value Added Tax (VAT). Our minimum Initial Set Up Fee is £600 inc. VAT (£500 ex VAT)
| Full Management Service Chargeable Items |
Excluding VAT |
Including VAT |
| Renewal of Fixed Term Occupation Contract |
£150 |
£180 |
| Negotiating addenda to an Occupation Contract |
£50 |
£60 |
| Additional Property Visits (Price per Visit) |
£50 |
£60 |
| Change of Contract Holder |
£50 |
£60 |
| Contract Holder Referencing (per reference) |
£25 |
£30 |
| Guarantor Referencing |
£25 |
£30 |
| Serve Rent Smart Wales - RHW Notices |
£50 |
£60 |
| Management Takeover Set-Up Fee |
£150 |
£180 |
| Anti- Money Laundering & Landlord Proof of Ownership Checks |
£10 |
£12 |
| Update Tenancy Deposit Scheme (TDS) |
£20 |
£24 |
| Agent Attendance at Court/Tribunal (per day) |
£300 |
£360 |
| Fee for Transferring Rent Payments to Non-UK Bank Accounts (per transaction) |
£25 |
£30 |
| Landlord withdrawing from Contract having instructed Agent to proceed with application |
£100 |
£120 |
| Arrangement Fee - for arranging contractors to attend property on behalf of the landlord (chargeable per maintenance issue or for Fit For Human Habitation Compliance) |
£20 |
£24 |
We can organise for Contractors to complete the following services for Landlords subject to the above Arrangement Fee. Quotes from third party contractors will be provided before instruction:
- Inventory (Start of Contract)
- Check Out Inventory (End of Contract)
- Gas Safety Certificate
- Electrical Installation Condition Report (EICR)
- Electrical Portable Appliance Testing (PAT)
- Energy Performance Certificate (EPC)
- Asbestos Risk Assessment
- Legionella Risk Assessment
- Fire Risk Assessment
- General Maintenance Work
FOR A FULL COPY OF OUR MANAGEMENT TERMS AND CONDITIONS, PLEASE ASK ONE OF OUR STAFF.
FEES TO CONTRACT HOLDER(S)
Before your contract holder(s) application can be fully considered, you will need to pay to us a holding deposit equivalent to one weeks’ rent for the property you are interested in. This is to reserve a property subject to contract, referencing and immigration checks.
Please Note: This will be withheld if any relevant person (including any guarantor(s) withdraw from the contract, provide materially significant false or misleading information, or fail to sign their occupation contract (and/or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
However, if the Landlord decides not to offer you a contract for reasons unconnected with the above then your deposit will be refunded within seven days. Should you be offered, and you accept an occupation contract with our Landlord then your Holding Deposit will be credited to the first months’ rent due under the occupation contract.
Where, for whatever reason, your Holding Deposit is neither refunded nor credited against any rental liability, you will be provided with written reasons for your Holding Deposit not being repaid within seven days.
You will not be asked to pay any fees or charges in connection with your application for a contract. However, if your application is successful under our standard fix term occupation contract, you will be required to pay certain fees for any breach of that contract in line with the Renting Homes (Fees etc.) (Wales) Act 2019.
The Renting Homes (Fees etc.) (Wales) Act 2019 permits certain fees/charges to be made where a contract holder(s) has defaulted on or breached their obligations under their occupation contract.
Default Fee for Late Payment
This is chargeable after 14 days rent arrears calculated on the interest at 3% above the Bank of England base rate for each day that the payment is outstanding.
Loss of Key or other Security Device
A charge is payable to cover the cost of replacing a lost key or security device; however this charge will vary depending on the type of key, lock or device that has to be replaced. (e.g. electronic devices, fobs, special security keys/locks).
Payment on Termination of Contract
Where a contract holder wants to leave a contract early, the landlord is entitled to charge the contract holder(s) an early termination fee such as the landlords’ costs to re-let the property and any outstanding rent until a new contract holder moves in.
Missed appointments
Where arrangements have been made with a contract holder(s) for a contractor to carry out remedial work at a property, and a contract holder subsequently refuses entry, or not being home to allow entry, resulting in charges to the landlord. These charges could be passed onto the contract holder(s).
Avoidable or purposeful damage to property
Damage to a property caused by neglect or careless or wilful behaviour by the contract holder(s).
Emergency/out of hours call-out charges
Costs (variable) incurred as a result of a landlord arranging for someone to attend the let property at the request of a contract holder(s), such as a locksmith or an emergency glazier in the early hours of the morning, when the problem had been caused by the contract holder(s) in the first place, such as a window broken on purpose, or keys lost or locked inside a house.