Fees 2017-06-06T16:04:28+00:00

Fees....

Fees

At The Total Letting Service we don’t think we are the cheapest Letting Agent in the area but we do think that we are the best and our fees represent excellent value for money.

We want to be as open and transparent with our clients as possible and in keeping with that this page contains a comprehensive list of the fees that we charge for the services that we offer.

The Total Letting Service can provide:

FEES EX. VAT INCL. VAT
TENANT FIND SERVICE:
Includes:
  • Collect and remit initial months’ rent received
  • Agree collection of any shortfall and payment method
  • Provide tenant with method of payment
  • Deduct any pre-tenancy invoices
  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
 
1 months rent
RENT COLLECTION SERVICE:
Includes:
  • Collect and remit initial months’ rent received
  • Agree collection of any shortfall and payment method
  • Provide tenant with method of payment
  • Deduct any pre-tenancy invoices
  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
9.5%
FULLY MANAGED SERVICE:
Includes:
  • Collect and remit the monthly rent received
  • Pursue non-payment of rent and provide advice on rent arrears actions
  • Deduct commission and other works
  • Advise all relevant utility providers of changes
  • Undertake two inspection visits per annum and notify landlord of the outcome
  • Arrange routine repairs and instruct approved contractors (providing two quotes)
  • Hold keys throughout the tenancy term
14%
ADDITIONAL NON-OPTIONAL FEES AND CHARGES (IRRESPECTIVE OF LEVEL OF SERVICE): EX. VAT INCL. VAT
Setup Fee (Landlords Share):
Includes:
  • Agree the market rent and find a tenant in accordance with the landlord guidelines;
  • Advise on refurbishment
  • Provide guidance on compliance with statutory provisions and letting consents
  • Carry out accompanied viewings (as appropriate )
  • Market the property and advertise on relevant portals
  • Erect board outside property in accordance with Town and Country Planning Act 1990
  • Advise on non-resident tax status and HMRC (if relevant)
£100.00 £120.00
Inventory Fee (landlords share)  - See attached Schedule
Dependent on the number of bedrooms and/or size of the property and outbuildings.
Deposit Registration Fee:
Includes:
  • Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme
  • Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy
£30.00 £36.00
Additional property visits:
Includes:
  • To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit
£30.00 £36.00
Submission of non-resident landlords receipts to HMRC:
Includes:
  • To remit and balance the financial return to HMRC quarterly – and respond to any specific query relating to the return from the landlord or HMRC
£75.00 Quarterly £90.00 Quarterly
Arrangement Fee for works:
Includes:
  • Arranging access and assessing costs with contractor;
  • Ensuring work has been carried out in accordance with the specification of works
  • Retaining any warranty or guarantee as a result of any works
Included in the management Fee Included in the management Fee
Arrangement fee for refurbishments over £500:
Includes:
  • Arranging access and assessing costs with contractor;
  • Ensuring work has been carried out in accordance with the specification of works
  • Retaining any warranty or guarantee as a result of any works
10% of net cost 10% of net cost +VAT
Obtaining more than two contractors quotes:
£25.00 per quote £30 per quote
Rent Review Fee: 
Includes:
  • Review rent in accordance with current prevailing market condition and advise the landlord
  • Negotiate with tenant
  • Direct tenant to make payment change as appropriate
  • Update the tenancy agreement
  • Serve Section 13 Notice if tenancy is on a rolling monthly basis
£62.50 £75.00
Renewal Fee (landlords share):
Includes:
  • Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
£100.00 £120.00
Checkout Fee:
Includes:
  • Agree with tenant check out date and time appointment
  • Instruct inventory provider to attend
  • Negotiate with landlord and tenant any disbursement of the security deposit
  • Return deposit as agreed with landlord and tenant to relevant parties
  • Remit any disputed amount to Scheme for final adjudication
  • Unprotect security deposit
  • Instruct contractors; obtain quotes; organise repairs /replacement/cost of any broken or missing items
£75.00 £90.00
Court Attendance: per hour £83.33 p/hour £100.00 p/hour
IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE CONTACT US

Please contact us to discuss your requirements:

Bradford on Avon on 01225 869235, at Chippenham on 01249 445917 or email via our Contact Page.

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