Policy Landlord Fees
Landlord Fee Policies
At Estate Agents Ilford, our Landlord Fee Policies offer a clear and transparent breakdown of all costs involved in renting out your property.
Landlord Fees Schedule | Let intro 12% of rent (inc. VAT) | Rent collection 12% of rent (inc. VAT) | Full management 15% of rent (inc. VAT) |
Advising as to the likely rental income | |||
Guiding compliance with statutory provisions and letting consents | |||
Advising on refurbishment requirements | |||
Advising on non-resident tax status and HMRC (if relevant) | |||
Advertising and generally marketing the Property | |||
Interviewing prospective tenants | |||
Negotiating the terms of the tenancy | |||
Carrying out accompanied viewings | |||
Collecting and remitting initial months’ rent | |||
Providing tenants with a method of payment | |||
Deducting any pre-tenancy invoices | |||
Making any HMRC deductions | |||
Taking a security deposit from the tenant which is to be held in accordance with current legislation | |||
Demanding, collecting, and remitting the monthly rent | |||
Pursue non-payment of rent and provide advice on rent arrears actions | |||
Making payments on behalf of the Landlord from rents received for costs in managing the property | |||
Inspecting the Property on a regular basis, not less often than once every six months | |||
Arranging routine repairs or maintenance obtaining estimates where necessary, supervising works and settling accounts from rents | |||
Holding keys throughout the tenancy term |
Landlord Fees Schedule Additional Non-Optional Fees And Charges
Start Of Tenancy Fees
Inventory report cost at the commencement of tenancy
The cost of the inventory report at the commencement of the tenancy will vary depending on the number of bedrooms. For a studio/one-bedroom apartment, the cost is £96 (including VAT), while a four-bedroom property is priced at £144 (including VAT). For larger properties, the independent inventory clerk will provide a personalized quote on an individual basis. Please be aware that suppliers’ prices may differ, and if a property has extra rooms or excessively furnished rooms, additional charges may be applied by the suppliers. These costs form part of the overall Tenancy Fees that tenants may be required to pay at the start of or during their tenancy.
End Of Tenancy Fees
Check out the cost
The cost of the inventory report at the beginning of the tenancy will depend on the number of bedrooms. It ranges from £96 (including VAT) for a studio/one-bedroom apartment to £144 (including VAT) for a four-bedroom property. Larger properties will receive an individual quote from the independent inventory clerk. It’s important to note that suppliers’ prices may vary. If a property has extra rooms or rooms that are excessively furnished, suppliers are likely to apply additional charges.