Landlords Fees
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Lettings Office
020 8861 5678
lettings@rawlinsongold.co.uk
243 Station Road, Harrow,
Middlesex HA1 2TB
Landlord Services & Fees
INTRODUCTION ONLY SERVICE INCLUDES:
- Advise on likely rental income and agree market rent
- Provide guidance on compliance with statutory provisions and letting consents
- Advise on non-resident tax status and HMRC (if relevant)
- Market the property and advertise on relevant portals and websites
- Erect board outside property in accordance with Town and Country Planning Act 1990
- Arrange appointments for prospective tenants, accompanying them as required
- Reference prospective tenants and/or guarantors where necessary
- Negotiate terms and prepare initial tenancy agreement
- Negotiate terms and prepare renewal agreements and/or documentation as required
- Collect and remit initial months’ rent received and tenancy security deposit
- Handover of keys to tenant at tenancy commencement
- Notify gas, electric, water and council tax providers of tenancy changes via a third party
- Deduct any pre-tenancy invoices
- Provide tenant with method of payment for future rent payments
- Register tenant details and protect the security deposit with a Government authorised Scheme (The Deposit Protection Service)
- Provide the tenant(s) and any relevant third parties with the Prescribed Information within 30 days of the start of tenancy
- Review rent in accordance with current market condition and advise the landlord as requested
- Serving notices as required.
RENT COLLECTION SERVICE INCLUDES ALL OF THE ABOVE PLUS:
- Collect and remit the monthly rent received
- Pursue non-payment of rent and provide advice on rent arrears actions.
FULL MANAGEMENT SERVICE INCLUDES ALL OF THE ABOVE PLUS:
- Undertake property inspections as requested and notify landlord of the outcome
- Deal with repairs, maintenance or emergencies and instruct approved contractors
- Acquire contractor quotes as requested
- Pay regular outgoings from rental income (such as ground rent, etc)
- Arrange annual electrical Portable Appliance Testing (PAT)
- Arrange annual gas safety checks (CP12)
- Hold management set of keys throughout the tenancy term
- Provide tenants with 'out of hours' contacts for contractors covering bank holidays.
ADDITIONAL OPTIONAL SERVICES AND CHARGES:
| REFURBISHMENT: | Arrange and supervise maintenance work, redecoration and/or refurbishment: a fee of 10% + VAT of the total cost of the work |
| CONSENT TO LET: | Application to mortgage lender or superior landlord of the property at a charge per application of £30.00, plus VAT |
| INSURANCE CLAIMS: | Submit and negotiate insurance claims on landlord’s behalf. An administration charge of 10% applied to the total of any claim exceeding £100.00 |
| EMPTY PROPERTIES: | We may inspect the property at agreed intervals at the landlords request. The cost of each visit is £35, plus VAT |
| PROPERTY VISITS: | We will carry out visits to properties at the landlords request. The cost of each visit is £35.00, plus VAT |
| SAFETY: | On non-managed properties any statutory obligation imposed in relation to repairs or relevant safety regulations will be charged to you as appropriate at 10%, plus VAT, of the cost |
| ENERGY PERFORMANCE CERTIFICATES: | We can arrange for a suitably qualified inspector to visit your property and carry out a survey if required. The cost of the survey will vary depending on the type of property |
| INVENTORY & SCHEDULE OF CONDITION & CHECK OUT REPORTS: | At the landlords instruction we will arrange for a full inventory/check out report to be carried out by an independent inventory company. Costs vary for each property and by provider. |
LANDLORD FEES
You will be liable to pay Rawlinson Gold's commission fees for the term of the tenancy including any renewals or extended terms of the agreement whether or not Rawlinson Gold are involved in the negotiation of such renewal and regardless of any option for either party to terminate the tenancy before the expiry of the term. Commission rates are calculated as a percentage of the rent that you agree over the term of the tenancy. Commission rates may vary and will be provided to you in writing or by email before the commencement of the tenancy. All fees are subject to VAT.
In the case of fixed term tenancies Renewal commission will be charged in advance for the full term. In the case of periodic tenancies Renewal Commission will be charged in arrears, typically in 6 monthly instalments, until a vacating date is set when you will be invoiced for the remaining period. Rawlinson Gold's fee becomes due and payable in full, in respect of the term, on the signing of the Tenancy Agreement and in respect of each renewed term upon the first day of the new term.
You will be liable to pay Rawlinson Gold's Renewal Commission fees where the original tenant introduced by Rawlinson Gold remains in occupation and where more than one tenant resides, where any or all of the tenants remain in occupation, Rawlinson Gold's Renewal Commission will be payable in full whether or not you require Rawlinson Gold to perform any additional services over and above the introduction of a tenant.
Example fee:
Tenancy term x rent agreed @ percentage commission fee = chargeable fee + VAT @ 20% = Total charge
i.e.: 12 months x £1000 @ 10% = £1200 + 20% VAT = £1440.00
Should the agreed rental terms or rate of commission be higher or lower than the example, our commission fee will be correspondingly higher or lower.
For more information, should you have any questions, please ask the negotiator dealing with your offer for a full break down of costs.
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