Full Management Service. Fees payable to the Agent for our ‘Full Management Service’ A fee of 12% (% Inclusive of VAT) of the monthly rent (the “Commission”), payable monthly, upon receipt of the rent. In addition to the above there is a ‘Set Up’ charge which includes the compilation of the inventory, schedule of condition, writing of the tenancy agreement and tenant check out which is equivalent to one weeks’ rent subject to a minimum sum of £150.00. In addition to a fee of £50.00 to register the deposit with the TDS. These charges are subject to VAT. The Agent reserves the right to charge a fee of £25 per hour to deal with any dispute arising with the Tenant over the return of the Deposit and any other matter at the end of the tenancy if the time incurred on such dispute becomes excessive.
Full Management Service. Our Full Management Service includes: Advising the landlord on a suitable rental value Requirement - Energy Performance Certificate Please tick if you would like Irlam Estates to arrange EPC - £78.00 incl. VAT I enclose a copy of the current EPC Legal Requirement - Gas Safety Certificate I would like Irlam Estates to arrange the Gas Safety Certificate - £78.00 incl. VAT I enclose a copy of the current Gas Safety Certificate I would like Irlam Estates to arrange the Gas Boiler Service - £30.00 incl. VAT I would like Irlam Estates to arrange the Gas Appliance Service - £18.00 incl. VAT (each) I would like Irlam Estates to provide a Carbon Monoxide Detector - £30.60 incl. VAT Requirement – Electrical Condition Report I would like Irlam Estates to arrange the Elec. Visual Inspection. £66.00 incl. VAT I would like Irlam Estates to arrange the Electrical Condition Report - £120.00 incl. VAT Requirement - Arranging PATs testing Please tick if you would like Irlam Estates to arrange PATS Test – £78.00 incl. VAT I enclose a copy of the current PATS Test Certificate Advertising the property Please tick if you would like a TO LET board on your property Arranging and undertaking viewings Finding suitable tenant(s) & Tenant Credit Check Deposits - We will register the deposit under a Government Tenancy Deposit Scheme and will cover the charge within our fees shown below Drawing up the tenancy agreement – 6 month initial lease Each subsequent Tenancy Renewal is £30.00 plus VAT unless a rolling month to month is requested Arranging standing order Checking in tenant(s) Issue copies of all paperwork to Landlord & Tenant: Informing all Utility Companies Informing Council Tax office Rent collection Manage any repairs and organise regular maintenance Inspect the property at regular intervals Ensure that the tenancy is properly terminated at the end of the tenancy, including checking out the tenants and arranging for any repairs or redecoration We would require 2 sets of keys – one to be issued to the tenant, the other to be held at Irlam Estates Following receipt of satisfactory references, we will then collect the deposit from the tenant and agree on a moving in date. The tenant pays the rent directly to Irlam Estates, any fees are then deducted and the balance paid over to the landlord. Irlam Estates Fees Rent (£) % set up fee VAT (20%) Total £350.00 £70.00 £420.00 Rent (£) 10% Monthly Man Chg. VAT (20%) Total Total Fee to Irlam Est...
Full Management Service. In addition to the Letting and Rent Collection Service items: The Agent will use its best endeavours to arrange minor repairs, general maintenance and replacements to the property without necessarily consulting the Landlord beforehand up to the limit agreed in writing upon giving instruction, (or up to the value of one month’s rent where no figure has been specifically agreed). The Agent will not be responsible for damage or loss incurred to the Property or the Landlord in the event of repairs, general maintenance or replacements not being carried out. The Agent will make periodic visits to the property and send a report to the Landlord but such visits and reports can only be regarded as general oversight of the Property and its care by the Tenant. The Agent does not accept responsibility for actual variance between the report and the items reported upon. The Agent will liaise with the Tenant on all day to day matters arising. The Agent will use its best endeavours to recover possession of the Property in accordance with instructions received but cannot be liable for any delays, damages or costs incurred because such vacant possession is not achieved within the time scale requested. It will be the responsibility of the Landlord to instruct solicitors with whom the Agent will liaise. The Agent will not be liable for any legal or other costs incurred in any action against current or previous tenants undertaken on the Landlord’s instructions.
Full Management Service. 15.1 Where you have indicated that you wish us to provide a Full Management Service by marking the applicable box within the ‘Commission Fees’ ‘Long term rentals’ in the attached Information Sheet, we will provide the further services set out in this clause.
Full Management Service. We offer a comprehensive management service aimed at landlords who prefer not to have the Inconvenience of dealing with day to day issues. This service is strongly recommended for landlords who are too busy to deal with the day to day management, clients who are new to lettings or overseas landlords. The standard fee for the management is taken as a percentage of the gross rents due for the period of the tenancy and a set-up fee will be levied at the outset for taking references and arranging the tenancy. The Standard Management Service includes: • Advising as to the likely rental income. • Arranging an Energy Performance Certificate (where required* at an additional cost) • Advertising and generally marketing the property. • Conducting viewings with prospective tenants. • Applying for appropriate references including credit search, employer’s reference and previous landlord (where applicable). • Negotiate the terms of the tenancy between landlord and tenant, ensuring an appropriate tenancy agreement is prepared and signed by or on behalf of the landlord and tenant. • Prepare an inventory and schedule of conditions prior to the commencement of the tenancy* at additional cost • Conduct a check in service with the tenants on move in (where required) • Taking a deposit from the tenant to be held by the Deposit Protection Service until the end of the tenancy when the property and contents will be checked for unfair wear and tear. • Collect the monthly instalments of rent and forward net rents to landlord’s bank accounts or forward a cheque less any fees or expenses due or incurred for the period. • Prepare and submit monthly statements • Chasing late or non-payments of rent • Arranging with service companies (principally electricity gas & water) for meter readings and advising them of the transfer of service contracts to the tenant at the beginning of each tenancy. • Arrange for a gas safety certificate to be carried out annually during the tenancy in line with the Gas Safety (installation and use) Regulations 1994 (as amended) • Arrange for a valid EICR Electrical Certificate to be carried out, annually or at the beginning of each tenancy [subject to agreement]. • Carry out a routine inspection of the property at 3-6 monthly intervals (provided no serious defect or issue requiring our inspection has not been reported to us in the meantime) and provide a report to the landlord detailing our findings and any recommendations. • Co-ordination of repair or mainten...
Full Management Service. Unless stated, this includes the marketing, accompanied viewing, referencing, credit searches, deposit registration and tenancy agreement set up. This also includes the collection of rental payments each calendar month. Unless instructed otherwise, we would also be responsible for issuing safety checks and certificates, respond to any emergency maintenance work and carryout remedial repairs up to an instructed limit. Plus, two annual property visits with follow up reports and an annual rent review. 60% of 1st months’ rent set up fee + VAT PLUS 9.5 % + VAT of rent received each month (Subject to a minimum set up fee of £350 + VAT = £420) Recommended and additional to the above services: Inventory & Schedule of Condition – (to include photographs and meter readings) – For peace of mind, Xxxx will conduct a thorough and detailed inventory. It forms as part of a legally binding contract between tenants and landlords. £120 + VAT Inventory & Schedule of Condition – (to include photographs and meter readings) – a recommendation for peace of mind; Elwy will conduct a thorough and detailed inventory. It forms as part of a legally binding contract between tenants and landlords. £120 + VAT Gas Safety Certificate & Boiler Service – this is an annual safety certificate undertaken by Elwy Property Management, we are gas safe registered. £70 + VAT EPC – this certificate is issued every ten years and is undertaken by a Domestic Energy Assessor. £80 + VAT Electrical Safety Certificate – this test is conducted every five years by our NICEIC qualified electrician £120 + VAT Legionella Risk Assessment – Elwy Property Maintenance can arrange for a specialist to carry out a Water Bacteria Test at the property. £100 + VAT Smoke Alarms (Battery Operated), Fire Blanket or Carbon Monoxide Fitting – Elwy Property Maintenance will arrange to test and fit alarms where necessary. We will also fit fire blankets where needed. £30 + VAT (Per alarm or Per blanket) Replacement of 9v batteries during a Property Visit – Elwy will replace the batteries in the smoke alarms during their routine property visits. £6 + VAT Tenancy Agreement & Tenancy Renewal – at any time during a tenancy, a new agreement or renewal is requested by the landlord. This cost covers the negotiation, amending and updating the terms. This also includes arranging a further tenancy agreement (if required) once an initial term has been completed. £120 + VAT (6 months) £180 + VAT (12 months) Issuing Section Notices to tenant...
Full Management Service. 12% of the gross rent for the period of the agreed tenancy term, payable monthly from rental collected. £295 setting up fee due on the initial letting, then £175 for subsequent lettings. Renewal of tenancy to the same tenant at the Landlords request – £180.
Full Management Service. At the end of the tenancy agreement we will attempt to secure you contest and the consent of the tenant for the allocation of the deposit is held in our chosen scheme we will deal with any adjudication procedure provided by the scheme. Please note that under our chosen scheme only a tenant can raise a dispute. Where the deposit is held in your own preferred scheme you will be responsible for dealing with the scheme administrators for the release of the deposit or any dispute.
Full Management Service. In addition to the Letting Service and Rent Collection Service above: • The Agent shall pay the Owner’s premiums for insurance of the Property (but the Agent is not able to arrange insurance cover for the Owner). • The Agent shall not make any payment unless it has received an invoice or demand. • The Agent shall be entitled to accept and pay invoices and demands that appear to be valid. • The Owner may instruct the Agent not to make some or all the types of payment referred to in this clause. • The Agent shall, if requested by the Owner and at the Owner’s cost, arrange for gas and electricity safety checks to be carried out in order to comply with the Owner’s obligations in the Gas Safety (Installation and Use) Regulations 1998 and the Electrical Equipment (Safety) Regulations 1994. • If it appears to the Agent that there are or may be at the Property any of the “hazards” specified in the HHSRS Regulations the Agent shall either:
Full Management Service. In addition to the Letting and Rent Collection Service items: The Agent will use its best endeavours to arrange minor repairs, general maintenance and replacements to the property without necessarily consulting the Landlord beforehand up to the limit of £200.00. Informing landlords at all times of repairs to their properties unless emergency repairs are necessary to prevent an escalation of damage to the property, to the health and safety of the tenant, or to allow the landlord to comply with the statuary obligations. The Agent will not be responsible for damage or loss incurred to the Property or the Landlord in the event of repairs, general maintenance or replacements not being carried out. The Agent will make quarterly visits to the property and send a report to the Landlord, but such visits and reports can only be regarded as general oversight of the Property and its care by the Tenant. The Agent does not accept responsibility for actual variance between the report and the items reported upon. The Agent will liaise with the Tenant on all day to day matters arising. The Agent will use its best endeavours to recover possession of the Property in accordance with instructions received but cannot be liable for any delays, damages or costs incurred because such vacant possession is not achieved within the time scale requested. It will be the responsibility of the Landlord to instruct solicitors with whom the Agent will liaise. The Agent will not be liable for any legal or other costs incurred in any action against current or previous tenants undertaken on the Landlord’s instructions. Contact service providers and local authority with the details of the new tenants and providing metre readings if required. Advertising on our own website and Xxxxxxxxx.xx.xx
