When it comes to residential lettings, you want to make sure you get every little thing just right. From regulations to the correct processes and procedures, not to mention advertising and tenant finding, it can be tricky to master it yourself.
That’s where we step in.
Our team or letting experts have the passion, experience, and area knowledge to get the best out of your residential property. With an unrivalled service and customer focus, we build strong relationships with our customers based on trust and use innovative technologies and techniques to get you the best result.
But what do we do, exactly?
Full Property Management
Got a property to let but don’t have the time to deal with the day-to-day? We can help.
We help run your rental property with a comprehensive package. This includes the following:
- Deposit registration
- Inventory & schedule of condition
- Rent collection
- Repair and maintenance management
- Regular inspections
- Tenant finding service
- Issuing of appropriate notices
We’ll also be the first point of contact for your tenant, maintaining a healthy relationship and harmony, which means peace of mind for the landlord.
Property Management – The costs
The fees to landlords for our comprehensive property management are as follows:
- The equivalent of the first month’s rent for the tenant-find service.
- A monthly management fee of 12% (inc VAT) of rent collected.
- No additional charge for completing inventory/record of condition, or lodging the deposit.
We also offer energy performance certification (£100), duplication and testing of extra keys (£12), NRL tax return administration (£180 per landlord), and gas safety certificates (£72).
To find out more about holding deposits, unpaid rent, variation of contracts, early terminations and more, email Marie, our expert lettings manager at marie.wingfield@addisons-surveyors.co.uk.
Alternatively, you can give her a call on 01833 638 094.
Tenant Finder Service
If you’re okay with the property management side of things, but don’t want the headache associated with finding the right tenant, we can help with that, too.
Our specially designed tenant finder service makes finding a tenant as simple and stress-free as possible. We make sure everything is covered so you don’t have to worry about anything other than managing your property.
Take a look at our tenant finder page to find out more about this service.
Tenant Fees Schedule
New assured shorthold tenancies (ASTs) signed on or after 1 June 2019
Unpaid Rent
Interest at 3% above the Bank of England base rate from the Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s)
Tenants are liable for the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual cost of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken to replace lost key(s) or other security device(s).
Variation of Contract (Tenant’s Request)
£50 (inc. VAT) per agreed variation. To cover the cost associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant’s Request)
£50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination (Tenant’s Request)
Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Deposit
Five Weeks Rent.
All our branches have Client Money Protections (CMP) and are protected by The Ombudsman an Independent Redress Scheme. Membership Number T01921
Landlord Fees Schedule
Full Management
The equivalent of the first month’s rent inc VAT
A monthly management fee of 12% inc VAT of the rent collected.
There will be no additional charge for completing the inventory/record of condition or lodging the deposit.
Tenant Find (Inclusive of VAT)
The equivalent of one month’s rent
Inventory/Record of Condition will be charged at £240
Lodging the deposit with the Deposit Protection Service will be charged at £60.
Additional Expenses if Required (Inclusive of VAT) subject to change
An Energy Performance Certificate £100
Duplication and Testing of Extra Keys
Administration of NRL Tax Returns £180
Gas Safety Certificate £80
IF YOU HAVE ANY QUESTIONS REGARDING OUR FEES, PLEASE AS A MEMBER OF STAFF
We are registered members of the Royal Institute of Chartered Surveyors (RICS) and the Association of Residential Lettings Agents (ARLA).
All our branches have Client Money Protections (CMP) and are protected by The Ombudsman an Independent Redress Scheme. Membership Number T01921
Get in Touch
To find out more about our various residential lettings services, get in touch with our lettings coordinator Marie, today.
Drop her an email at marie.wingfield@addisons-surveyors.co.uk, or give her a call on 01833 638 094 for more information.