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NO VAT is chargeable on our fees at present.

Tenant Find

TENANT FIND:                                                 Equivalent to 2 WEEKS RENT

Service Includes:

 

  • Collect and remit initial month’s rent
  • Agree the collection of any shortfall and the payment method
  • Provide the tenant with the method of payment
  • Deduct any pre tenancy invoices
  • Register the deposit with the DPS scheme and transfer to your DPS account (any other scheme will require notification so we can advise of the alternative arrangements)

 

INVENTORY FEES                                                      £75.00 for up to 3 Bedrooms

£100.00 for up to 4 Bedrooms

£150.00 for 5 Bedrooms & over plus

 

  • Standard inventory comprising of a basic description of condition, contents and cleanliness
  • Supported by photographs
  • Electronic Copies issued to Tenant and Landlord

Full Management

 

MANAGED SERVICE

Equivalent to 10% of the monthly rent (e.g rental price £750, fee at 10% – £75.00, total fee £75.00)

 

  • Service Includes:
  • Collect and remit monthly rent received
  • Pursue  non-payment of rent and provide advice on rent arears action
  • Deduct commission and contractor’s invoices from monthly rent collected
  • Advise all relevant utility providers of changes in occupation
  • Undertake two inspection visits per annum and notify landlord of the outcome
  • Arrange routine repairs and instruct approved contractors
  • Make any HMRC deduction and provide NRL8 form (if relevant)

 

 

 

ADDITIONAL NON-OPTIONAL FEES AND CHARGES (IRRESPECTIVE OF LEVEL OF SERVICE).

 

SET UP FEE (Landlords Share)                                     £135.00

 

  • Agree the market rent and find a tenant in accordance with the landlord guidelines;
  • Advise on refurbishment
  • Provide guidance on compliance with statutory provision and letting consents
  • Carry out accompanied viewing (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)

 

INVENTORY FEES                                                        £75.00 for up to 3 Bedrooms

£100.00 for up to 4 Bedrooms

£150.00 for 5 Bedrooms & over plus

 

  • Standard inventory comprising of a basic description of condition, contents and cleanliness
  • Supported by photographs
  • Electronic Copies issued to Tenant and Landlord

 

 

ARRANGEMENT FEE for

WORKS OVER £1,000 in value

Equivalent to 10% of the value of the contract – (e.g. contract value £3000, fee at 10% = £300, total fee £300)

 

  • Arranging access and assessing costs with contractor
  • Ensuring work has been carried in accordance with agreement
  • Retaining any Guarantee or Warranty as a result of the works

 

OBTAINING MORE THAN

TWO CONTRACTORS QUOTES                                   £50.00 per quote

 

DEALING WITH DEPOSIT DISPUTES                            £Nil on managed properties

& UNPROTECTING SECURITY DEPOSIT                      Not available on Tenant Find

 

COURT ATTENDANCE                                                 £50.00 per hour

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF

 

August 2016

 

Tenant Fees

BEFORE YOU MOVE IN:

 

SET UP FEE    (tenants share)

£195.00 (inc) for properties up to £800 pcm

25% for properties over £801 pcm (rental price £900pcm, set up fee at 25% = £225, total fee equals £225, max charge £300 applies to all rents over £1200pcm)

 

Referencing up to two tenants (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers/landlords and any other relevant information to assess affordability) as well as contracts negotiation (amending and agreeing terms) and arranging the tenancy and agreement.

 

PET DEPOSIT / IF ALLOWABLE                                                Returnable additional Security Deposit of £150.00

 

To cover the added risk of property damage.  This will be protected with your

Security Deposit in a Government-authorised scheme and may be returned at the

end of the Tenancy.

 

 

 

DURING YOUR TENANCY

 

RENEWAL FEE

12.5% of the monthly rent (rent price £750, renewal fee at 12.50 % = £93.75, total fee £93.75)

 

(Includes contract negotiation, amending and updating terms and producing a

further tenancy or agreement)

 

OTHER FEES AND CHARGES

 

Lost Security Items (keys, parking permits etc)                     £ Replacement Cost

 

(Replacement cost includes obtaining necessary permissions if applicable, sourcing

Providers, the actual cost of the item plus travel costs or post and packing charges)

 

 

 

OUT OF HOURS SERVICES                                                    £45.00 Per Hour plus any actual costs incurred

 

Where actions of the tenant results in the agent (or nominated contractor) attending

the property, time to remedy the situation is charged at the prevailing rate

 

 

 

UNPAID RENT/RETURNED PAYMENTS                                   Interest on any outstanding rent or debt at                                                                                       4% above Bank of England Base Rate from date due plus:

 

Late rent payment will result in additional administrative costs.  Accordingly, if you

Fail to pay your rent by the due date, you will be charged £15.00 or if your bank

refuses to honour a cheque or a payment mandate, you will be charged £20.00.  If

you do not respond to the Landlord or his/her agent within forty eight hours, you

may be liable for a further charge of £15.00, and the same charge may be made

upon each subsequent occasion that contact has to be made pursuant to the

collection of the outstanding sum.

 

If a visit by a collector has to be made a further £20.00 will be charged and if notices

pursuant to court proceeding have to be served a further £100.00 will be charged.

 

 

PLEASE NOTE

 

Additional charges may be avoided from time to time if delayed payments are

arranged prior to the due date.  This may be done by sending a letter addressed to

the offices of Simpson Estates or by sending an e-mail to sally@simpsonestates.co.uk

 

We hope that this clarifies what we charge, if you have any questions we will be

pleased to answer them before you commit yourself to any expenditure.

 

 

 

 

Aug 2016