INFORMATION FOR LANDLORDS

FULLY MANAGED FEES:

Initial letting fee: £180 (inc VAT) Payable by the landlord at the beginning of each tenancy
Monthly management fee: 12% (inc VAT)
If Homecare cover or similar is supplied: 10% (inc VAT)

Service Includes:

  • Collect and remit the monthly rent received
  • Agree the market rent and find a tenant in accordance with the landlord terms of business
  • Advise on refurbishment
  • Provide guidance on compliance with statutory provisions and letting consents
  • Market the property and advertise on the relevant portals
  • Erect Board outside the property in accordance with Town and Country Planning Act 1990
  • Carry out accompanied viewings
  • Advise on non-resident tax status and HMRC (if relevant)
  • Pursue non-payment of rent and provide advice on rent arrears
  • Deduct commission and other works
  • Advise all relevant utility providers of changes
  • Undertake quarterly inspection visits and notify the landlord of outcomes
  • Arrange routine repairs and instruct approved contractors (providing for quotes for relevant works)
  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
  • Update the Landlord on current legislation changes in order to ensure the property is complaint
  • A full Inventory of the property before the start of the tenancy
  • Registering and Holding the Deposit under The Tenancy Deposit Scheme (TDS)

LETTING ONLY SERVICE:

Finding a tenant, preparation of tenancy agreement: Minimum Fee £478.80 (inc VAT) or 50% first month’s rent, whichever is greater plus VAT.

Service Includes: 

  • Agree the market rent and find a tenant in accordance with the landlord terms of business
  • Collect and remit the first initial months’ rent received
  • Carry out occupied viewings
  • Provide guidance on compliance with statutory provisions and letting consents
  • Market the property and advertise on relevant portals
  • Erect a board outside the property in accordance with the  Town and Country Planning Act 1990
  • Provide the tenant with Landlord Information
  • Deduct any Pre Tenancy Invoices that may be relevant
  • Make any HMRC deductions and provide the tenant with NRL8 (if relevant)
  • Advise on Non- Residential tax status and HMRC (if relevant)

DEPOSIT HOLDING FEE:

If you would like us to hold the deposit under our TDS (Tenancy Deposit Scheme) there will be a charge of £25.00 annually (inc VAT)

This will include sending out the registration certificate to the tenant and updating the deposit alongside the tenancy agreement. 

INVENTORY CHARGES:

An inventory charge for the property is £60 (inc VAT) for a non-furnished property up to four bedrooms, and £80 (inc VAT) for 5 or more bedrooms unfurnished, £100 (inc VAT) for a furnished property 5 bedrooms or more.

ENERGY PERFORMANCE CERTIFICATES (EPC):

Cost of EPC: £59.00 (inc VAT)

An EPC is required as follows:

  • Individual house/dwelling (i.e. a self-contained property with its own kitchen/bathroom facilities) &- one EPC for the dwelling.
  • Self-contained flats (i.e. each behind its own front door with its own kitchen/bathroom facilities) - one EPC per flat.
  • Bedsits or room lets where there is a shared kitchen, toilet and/or bathroom (e.g. a property where each room has its own tenancy agreement) – No EPC is required.
  • Shared flats/houses (e.g. a letting of a whole flat or house to students/young professionals etc on a single tenancy agreement) - one EPC for the whole house.
  • Mixed self-contained and non-self-contained accommodation - one EPC for each self-contained flat/unit but no EPC for the remainder of the property.
  • A room in a hall of residence or hostel - no EPC is required.
  • Listed properties – no EPC required

There are fixed penalties for failing to provide an EPC/make one available when required. The fixed penalty for dwellings is £200 per dwelling. 

GAS SAFETY CERTIFICATE:

Cost of Certificate: £66.00 (inc VAT) Cost includes testing one appliance – costs will increase if further appliances need to be tested

As a landlord, you are responsible for the safety of your tenants. Landlords' duties apply to a wide range of accommodation, occupied under a lease or licence, which includes, but not exclusively:

  • residential premises provided for rent by local authorities, housing associations, private sector landlords, housing co-operatives, hostels
  • rooms let in bed-sit accommodation, private households, bed and breakfast accommodation and hotels
  • rented holiday accommodation such as chalets, cottages, flats, caravans and narrow boats on inland waterways.

The Gas Safety (Installation and Use) Regulations 1998 deal with landlords’ duties to make sure gas appliances, fittings and flues provided for tenants are safe.

LEGIONNAIRES RISK ASSESSMENTS:

Cost of the Legionnaires Risk Assessment: £72 (inc VAT)

Due to a revision to the Health and Safety Executive (HSE) issued Approved Code of Practice (L8) “Legionnaires’ disease: the control of legionella bacteria in water systems” (L8) there is now a legal requirement for you the dutyholder (Landlord) with control of premises to carry out a risk assessment on the water system at your rental property.

Further detailed information can be found online at the HSE website and included with this correspondence for your perusal is the HSE published Legionnaires’ disease – A brief guide for dutyholders.

ELECTRICITY 

What responsibilities do landlords have?

A landlord is required by law to ensure:

  • that the electrical installation in the property is safe when a tenancy begins
  • that the electrical installation is maintained in a safe condition throughout the tenancy, and
  • any appliance provided is safe and has at least the CE marking (which is the manufacturer’s claim that it meets all the requirements of European law).

In order to meet the requirements a landlord will need to carry out regular basic safety checks to ensure the electrical installation and appliances remain in good working order.A good landlord should have an electrical inspection carried out by an electrician before a new tenant moves in. If you have done this, a copy of the inspection report (known as a periodic inspection report) should be made available to the tenant and if the appliances have been checked then each electrical appliance in the property should have a PAT (portable appliance test) sticker on the plug showing the date it was tested. 

There are 3 types of test forms:

  1. A Domestic Electrical Installation Certificate – To be issued on a new installation / when a fuse board has been changed and when a new circuit is added.
  2. A Domestic Electrical Installation Periodic Inspection Report – To be issued when an electrical test has been carried out on a property to determine the current condition of an electrical installation and the items that need rectifying for the installation to be deemed safe.
  3. A Minor Electrical Installation Works Certificate – To be issued only for minor electrical works that do not include the provision of new circuit only alterations to an existing Circuit.

We have are able to supply a quote with an electrician on behalf of a landlord or alternatively are happy for a landlord to arrange this independently by a qualified electrician.

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