Boston Landlord Fees


We have three levels of service available to Landlords

Platinum

For Landlords who do not wish to be involved in the letting of their property, or who live too far away to be able to manage it. This service provides the Landlord with total peace of mind – LET AND FORGET IT!

Gold

For Landlords who intend to maintain the property themselves but wish the rent collection to be undertaken on their behalf.

Silver

For Landlords who intend to collect the rent and maintain the property themselves

PLATINUM - FULL MANAGEMENT

Where landlords do not wish to be involved in the letting of their property or live too far away to be able to manage the letting, we offer this service. This provides owners with the peace of mind of knowing that they need not be concerned about letting their property, as we will attend to all matters related to this. Our service is as follows:

·         An initial visit without obligation to properties to advise on rent levels, legal aspects and the level of furnishing recommended

·         Extensive advertising of the property locally in the newspapers, by our high profile “To Let” boards, and by use of our property list in the office.  Properties can also be viewed world wide on the internet via our own web site and through Rightmove/Zoopla .

·         Finding and vetting prospective tenants including accompanied viewings

·         Drawing up the necessary tenancy agreement and corresponding notices as necessary.

·         Liaising with the Landlords mortgage lenders where necessary with regard to references and the tenancy agreement

·         Preparing a comprehensive inventory and schedule of condition

·         Obtaining a substantial surety (dilapidations) deposit from the tenants to cover possible loss/damage and holding this under the terms of Housing Act effective 06/04/2007

·         Registering your Tenants Deposit in the Tenants Deposit Scheme

·         Arranging with the service companies (e.g., Gas, electric, water, council tax) for the transfer of contacts to the new tenants

·         Checking the tenants into the property at the tenancy commencement and provide relevant documentation including copy Gas certificates, appliance maintenance contracts etc.

·         Using our best endeavours to ensure that the tenants pay rent due monthly in advance by direct bank transfer

·         Accounting to landlords for income and expenditure and issuing the landlord with a clear statement each month illustrating this

·         Inspecting the property every three months and reporting back to the Landlord

·         Co-ordinating repairs and maintenance including arranging for tradesmen to attend the property and obtain estimates where necessary, supervising works and settling accounts from rents received

·         Coping with tenant's problems relating to the tenancy

·         Checking tenants out of the property at the end of the tenancy and taking any follow up action as necessary

·         Collecting and forwarding on the Landlord's mail (at cost)

·         Before the tenancy ends, advising the Landlord on his/her options including reviewing the rent.

 

GOLD - LETTING AND RENT COLLECTION

SomeLandlord’s, who live close to their property, do not require such a comprehensive service, (preferring to undertake their own maintenance and inspections) but do want an agent to find suitable Tenants, vet them, arrange to collect the rent, maintain a rent account and deal with any arrears. For them, this is the most suitable option.

SILVER -LET ONLY

Finally, for those who only wish an agent to find and vet prospective tenants for their property, our “Let Only” option is ideal.

N.B. We will find you a tenant on a NO LET – NO FEE basis* so you do not have to pay anything until the commencement of the Tenancy (*National Newspaper advertising is extra)
Should you wish us to provide a combination of these services, please do not hesitate to ask.  We will endeavor to meet your request and negotiate a tailored package specifically to meet your needs.

PLATINUM

A setup fee of £299.00 for the letting and tenancy set-up, an annual fee of £15.00 for Tenancy deposit registration plus 10% + VAT of the gross rental due for the term of the tenancy payable at the commencement of the tenancy. This is deducted from the initial monies paid by the Tenant.

GOLD

A setup fee of £250.00 + VAT for the letting and tenancy set-up, plus 9% + VAT of the gross rental due for the term of the tenancy, payable at the commencement of the tenancy (minimum £35 pcm). This is deducted from the initial monies paid by the Tenant

 

SILVER

A set fee of £350.00 + VAT upfront payment payable at the commencement of the tenancy. Plus, an annual fee of £15.00 for Tenancy deposit registration. Rent Guarantee Options Available For Landlords, Please Ask For Details.

ADDITIONAL SERVICES TO ASSIST THE LANDLORD ARE AVAILABLE AS FOLLOWS:

 

Platinum

Gold

Silver

Instructing contractors for Gas and Electric safety checks, and organising key cutting

Included

£50.00

£150           (float for initial expenses)

Check-out procedure

Included

Included

£50.00

Issuing Notice of seeking possession  by post

Included

Included

£50.00

Issuing Notice of seeking possession  by hand

Included

Included

£90.00

Renewal (same tenants)

£50.00

£50.00

£100.00

Re-letting to new tenants

£299.00

£250.00

£350.00

Arranging for stamping (if applicable)

at cost

at cost

at cost

Inspections

Included

£50.00

£50.00

Annual rent review

Included

Included

£50.00

Obtaining estimates and supervision of major works of refurbishment

10% of cost of work over £250

10% of cost of work over £250

N/A

 

  Details of all services are listed below, indicating which features are applicable:

 

  PLATINUM GOLD SILVER

 An initial visit, without obligation,  to advise on rental levels, legal aspects and the level of furnishing recommended

✓   ✓   ✓  

 Extensive advertising of the property locally in the newspapers, by our high profile “To Let” boards, and in our office on our property list.

 
✓   ✓   ✓  

 International advertising on both our own web site and with Rightmove

 
✓   ✓   ✓  

 Arranging and accompanying prospective tenants on viewings

 
✓   ✓   ✓  

Interviewing prospective tenants and taking up references including employer, previous landlord (if applicable) and a credit checks.

 
✓   ✓   ✓  

Drawing up appropriate Tenancy Agreement and  corresponding Notices as necessary

 
✓   ✓   ✓  

 Liaising with Landlord’s Mortgagees where necessary with regard to the Tenancy Agreement and references

 
✓   ✓   ✓  

 Preparing an Inventory and Schedule of Condition including photographs where necessary

 
✓  ✓  ✓ 

 Arranging for annual Gas Safety and administering the appropriate record (Boiler service can be arranged)

 
✓  ✓   

 Arranging for an Energy Performance Certificate (E.P.C.) and administering the appropriate record