Landlord Fees

Managed Service

 

With over 30 years experience specialising in letting and managing property owner’s homes, and investors properties, we recognise that landlords have different requirements and concerns. The essential elements of the managed service reflect these differences.

Key Features
A comprehensive property meeting with you to:-

  • Discuss your requirements
  • Advise you about the current rental market
  • Appraise your property’s presentation
  • Agree with you any improvement work
  • Advise you on compliance with the various safety regulations and legal requirements
  • Decide upon a marketing strategy

 

The process continues with marketing and property preparation.
The appointment of a dedicated Property Manager to ensure continuity.

  • Immediate listing on our website with photographs, floor plans and description
  • Uploading to the major property portals such as Rightmove etc.
  • Circulating details to all companies and organisations on our extensive database
  • Local Advertising as appropriate
  • Ongoing organisation and supervision of property preparation work; e.g. PAT test, Energy Performance Certificates, Legionella Assessment etc.

 

And then the setting up of the tenancy

  • Identification and interviewing of prospective tenants
  • Viewing always accompanied by our staff
  • Negotiation of all tenancy details on your behalf
  • Obtaining references, including credit checks and immigration status using a qualified reference service
  • Preparation and updating of comprehensive Inventory
  • Handing over keys and instructions to tenants
  • Assisting with arrangements for annual gas safety check and ensuring that a current Gas Safety Certificate is left in the property
  • Finalising your account at month end
  • Priority relisting of your property if the tenant does not extend the tenancy

 

Post Tenancy Service

  • Transfer of utility accounts (gas, electricity, water, council tax) into the tenant’s name and settlement of your closing accounts (please note that you must notify your telecoms provider that you are vacating)
  • Arranging any cleaning, or other maintenance essential for each letting; liaison with our Letting team about final preparation
  • Checking in tenant by our staff (familiarisation with your property, its furniture, appliances and equipment)
  • Payment from your rental account during the tenancy of regular outgoings which remain the landlord’s responsibility (e.g. ground rent, service charges, maintenance contracts etc, as detailed by you in our Property Management Information Form)
  • A 24 hour emergency response service manned by In House  staff, not a call centre
  • Thorough inspections focusing on your specific concerns, three times a year, more often if necessary, followed up by individual written reports or email
  • Organisation and supervision of running repairs, subject to a previously agreed expenditure limit
  • Monthly account statement via email and remittance of rent, net of our fees and of any maintenance costs and other outgoings
  • Instruction as necessary and liaison with your professional advisors; e.g accountants, solicitors, tax advisors
  • Vacant property management between lets through regular inspections
  • Final inventory check, supervision of cleaning and repairs and refund of the tenant’s deposit after administering and overseeing cleaning, gardening, repairs and deductions for dilapidation etc.

Fees

At In House we appreciate that our clients want to know what their income is likely to be month to month therefore we do not have long lists of add on charges but keep things as simple as possible so all the above services are included in the charges below 

  • Management fee percentage of the rent collected. - 10% (12% inc VAT)
  •  New tenancy setup costs (to include tenancy agreements & inventory preparation or update) - £175 (£210 inc VAT)
  • Tenancy Extensions/Renewals - £75 (£90 inc VAT)

 

  • We also offer a comprehensive rent guarantee service which covers the property rather than the tenants so you are covered if you change tenants within the period of the insurance   (subject to satisfactory referencing). The cost for this service is 2% of rent received plus VAT
  • All fees are subject to VAT at the prevailing rate

 

Introductory Service

 

For the experienced Landlord who needs a specialist letting agents advice on the constantly changing market

Key Features

  • This service makes available all aspects of the Managed Service listed above, up to and NOT including the Post Tenancy Service section
  • From this point on the rent collection, maintenance, inspections and other essential items listed under this service become the responsibility of the Landlord.

Fees

Please note that all prices will be subject to VAT at the current rate.

1-2 Bedroom Property  :-

Marketing, locate tenant, reference checking  £300.00 (£360 inc)

Tenancy agreement £150.00 (£180 inc)

Inventory and schedule of condition £100.00 (£120 inc)            


3-4 Bedroom Property  :-


Marketing, locate tenant, reference checking  £300.00 (£360 inc)

Tenancy agreement £150.00 (£180 inc)

Inventory and schedule of condition £200.00 (£240 inc)


5+ Bedroom Property

Marketing, locate tenant, reference checking  £300.00 (£360 inc)

Tenancy agreement £150.00 (£180 inc)

Inventory and schedule of condition £300.00 (£360 inc)

We also offer a comprehensive rent guarantee service which covers the property rather than the tenants so you are covered if you change tenants within the period of the insurance   (subject to satisfactory referencing). The cost for this service is £250. 00 per annum plus VAT    

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