Grantham Lettings Landlord Fees


Landlord Services
 

Every Landlord has different needs, therefore we offer different levels of service depending on how hands on and involved you would like to be as a landlord. Please find a full list of our services on the following page and what is included in each. We can also tailor a package to suit your needs if required. We are proud members of Safeagent and The Property Ombudsman (Independent Redress Scheme) and we are covered by Client Money Protection (CMP). To view our certificate, please click here. Letting agents displaying the Safeagent logo are part of a Client Money Protection (CMP) Scheme which ensures that they are protecting their clients monies.
 

SERVICE

Let
Only

Rent
Collection

Fully
Managed

Let Only

Setup Fee £510 £270 £270
Monthly Management Fee N/A 9.6% (8% +VAT) 15.6% (13% + VAT)
Rental Valuationi      
Our valuer will go to your property and use local comparable data and recent lets in the area. We will look at rental yields for similar properties in a similar condition and advise on the best marketing price and expected returns that will be achievable.
Property Marketing and Advertising & Matchingi      
We will market your property across the 3 major property portals with the widest audience including; Rightmove, Zoopla and Prime Location. It will also be featured on newtonfallowell.co.uk. We will produce a detailed set of particulars including high quality photography and room descriptions as well as local area information. Our team of local lettings specialists will match your property to our database of potential tenants including families, couples and young professionals.
Accompanied Viewings and Feedbacki      
Our friendly and professional team will show prospective tenants around your property and will point out the key features to maximise its appeal. We will carry out block viewings if necessary and all to fit around a time that suits you.
Tenant Refrerencingi      
Having confidence in your tenant is critical and in partnership with Let Alliance we will conduct an Ultimate Global reference which includes;
Electoral roll verification, a full adverse credit check, CCJs/Bankruptcy Orders/IVAs check on all declared and undeclared addresses, income verification including employers, Accountants and pension providers as required, previous and current landlords. Also to include a Right to rent check as part of our mutual requirement under the Immigrations Act.
Preparation of Tenancy Agreement & Inventory (Unfurnished Inventory Only)i      
Once we have successfully referenced your prospective tenants we will begin to draw up a tenancy agreement. Our agreements are continuously updated to the latest legislation to protect you and your property. We use the latest digital signature technology to speed up the process and to make it easier for you to manage your agreements.
Contacting Utility Suppliers and Void Coveri      
We will manage the handover of all utility providers and inform them of meter readings and move in dates to make sure accounts are allocated to the correct person. We will also contact the local council tax department to let them know who is moving in. We will include all the meter reading information on our detailed schedule of condition.
We can also cover you for energy void periods through our partner Tenant Shop who will make sure that your tenant gets the best deal for them and that you don’t get any bills in vacant periods.
Tenant Check In      
Providing the landlord with copies of the Tenancy Agreement, Inventory      
No let no feei      
We will only charge you a fee once we have found you a suitable tenant.
Annual Rent Reviewi £60    
We monitor the Rental Price Index closely and we will advise you of a proposed rental increase when this becomes due.

Rent Collection

All Let Only services plus...
Setup Fee £270
Monthly fee 9.6% (8% +VAT)
Tenant Check Outi      
At the end of the tenancy we will revisit your property and do a thorough final inspection and check it against the original inventory. We will take all the meter readings and produce a report. We will collect all the keys and then call you to discuss our findings.
Arranging for future rent payments to be paid direct to the landlord in accordance with their instructions      
Providing the landlord with a monthly rent statement together with copies of any invoices or proof of expenditure      
Making payments on behalf of the Landlord from rents received for any insurance premiums etc      
Dealing with Rent Arrearsi      
We will deal with any late or non-payment of rents when they occur from the first day right through until payment is received or the necessary notices are served and vacant possession is gained. We know that good tenants can have changes to their situation that are unforeseeable and that is why we have our industry leading Rent Guarantee. See below for more details.
Registering the tenants deposit with the TDS Scheme and providing landlord and tenant with copies of the certificatei      
Tenancy Dispute Service (TDS) - It is a legal requirement to protect a tenancy deposit taken for an assured shorthold tenancy by holding them within an approved Tenancy Deposit Protection Scheme for the duration of a tenancy. We will register your deposit with the TDS within the specified timeframe and provide tenants with the prescribed information they require explaining how their money is protected.
Property Inspectionsi   £60  
We know how important it is to protect your investment. That is why we will make regular inspections to your property. This is a visual inspection and if any issues are seen or notified we will take photos and report back to you the issues with a full report.
Issuing Notices for possession by hand. Issuing Notices for possession by posti   £90 hand
£60 post
 
Navigating the legal and compliance maze of lettings can be complicated but we are here to help you every step of the way. We will make sure that all section notices are dealt with correctly and in a timely manner if necessary.

Fully Managed

All Let Only & Rent Collection services plus...
Setup Fee £270
Monthly fee 9.6% (8% +VAT)
Dealing with Maintenance      
Arranging & administering any safety certificates      
Rent & Legal Guaranteei      
When tenants can’t or won’t pay, you are protected from rent arrears and tenancy breaches. Relax in the knowledge that your rent is protected and you will not be out of pocket. From the first month of arrears we will pay rent monthly, as per the rent amount on the tenancy agreement, until vacant possession is gained including the legal costs.

ADITIONAL COSTS

Let
Only

Rent
Collection

Fully
Managed

Certificates including: Energy Performance Certificate (EPC), Landlord Gas Safety, Electrical Condition Report and Legionella and Risk Assessment Charged at cost Charged at cost Charged at cost
Duplicate Statements *Up to maximum of £60.00 for multiple statements requested at the same time £12.00 per statement* £12.00 per statement* £12.00 per statement*
Inventory for furnished property, additional charge £120 £60 £60
Forwarding any post to the landlord   Charged at cost for postage Charged at cost for postage
Processing returns and payment of Tax to HMRC for non-resident Landlords   £30.00 per quarter £30.00 per quarter
Check out for Furnished Properties will incur an additional charge   £60 £60
Tenancy Renewal (same tenants)   £60 £60
12 Months Tenant Evictioni      
Our Tenant Eviction Service ensures that if, within the first 12 months of the tenancy, the tenants fail to pay the rent owed and fall into rent arrears, our partner Let Alliance will take action against the tenants to re-gain possession of the property.

OTHER CHARGES

Duplicate copies of Tenancy Agreement/Inventories £50
Professional hourly rate This may include but is not limited to; preparation of paperwork for court hearing, liaising with Landlords solicitors; court attendance etc. £50 per hour
Overseeing major works on property (examples could include liaising with insurance companies/contractors following a leak). 10% of the work carried out over £1000

If you require any further information please don't hesitate to contact us:
Grantham Address: 68 High Street, Grantham, Lincolnshire, NG31 6HR  tel: 01476 576157 email: grantham.lettings@newtonfallowell.co.uk
Registered Company Name: Newton Fallowell Ltd Regsitered No: 5372232 Registered Address: The Old Courthouse, 60a London Road, Grantham, Lincolnshire NG31 6HR
 

           


 

Coronavirus Information


The wellbeing of our clients, staff and their families - together with continuity of service to clients - is of paramount importance. Outlined below are the precautionary measures we have taken to minimise the risk to our clients, staff and others.


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