Fees to Landlords

SUMMARY OF POSSIBLE FEES AND CHARGES TO LANDLORDS

River Habitat is a member of:

(1) The Property Ombudsman redress scheme

(2) ARLA and the ARLA Client money Protection Scheme

 

LEVEL OF SERVICE OFFERED:

1. Letting Only Fees                                                                 12% of rent incl. VAT

·          Collect and remit initial months’ rent received

·          Collect Security Deposit for transfer to Landlord or to Landlord’s Tenancy Deposit Scheme

·          Negotiate contract (amending and agreeing terms) and arrange the Tenancy and agreement [if required]

·          Deduct any pre-Tenancy invoices

·          Negotiate renewal process in last 3 months of the Tenancy if required

·          Fees applicable on renewal

 

2. Rent Collection Fees                                                           2.4% of rent incl. VAT

·          Collect and remit the monthly rent received

·          Deduct commission and other works

·          Provide full rent statements to Landlord showing rental income and all deductions with copies of all invoices

·          Pursue non-payment of rent and provide advice on rent arrears actions

·          Submit rental income report to HMRC and to Landlord as required

·          Negotiate renewal process in last 3 months of the Tenancy if required

·          If relevant, to submit non-resident Landlords receipts to HMRC i.e. to remit and balance the financial return to HMRC quarterly and annually – and respond to any specific query relating to the return from the Landlord or HMRC

3. Full Management Fees                                                        4.8% of rent incl. VAT

·          Collect and remit the monthly rent received

·          Pursue non-payment of rent and provide advice on rent arrears actions

·          Deduct commission and other works

·          Advise all relevant utility providers of changes

·          Arrange routine repairs and instruct approved contractors (providing two quotes)

·          Hold keys throughout the Tenancy term

·          Provide full rent statements to Landlord showing rental income and all deductions with copies of all invoices

·          Submit income/tax report to HMRC and to Landlord as required

·          Negotiate renewal process during last 3 months of the Tenancy if required

·          If relevant, to submit non-resident Landlords receipts to HMRC i.e. to remit and balance the financial return to HMRC quarterly and annually – and respond to any specific query relating to the return from the Landlord or HMRC

·          Register Landlord and Tenant details and protect the security deposit with a Government-authorised Tenancy Deposit Scheme

·          Provide the Tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of Tenancy

·          Negotiate the claim against the Tenant’s deposit, liaising with Landlord and Tenant to reach agreement on the deductions. To pay over any portion due to the Landlord.

 

ADDITIONAL NON-OPTIONAL FEES AND CHARGES

 

[All 3rd party fees are current as at 01/06/2018]

 

Inventory Make & Check-in Fees                                        [3rd party fees - due to contractor and NOT to River Habitat]

 

                                                                                Furnished (£/incl. VAT)        Unfurnished (£/incl. VAT)

Studio / One bedroom property                                        126.00                                     102.00

Two bedroom property                                                         150.00                                     126.00

Three bedroom property                                                      180.00                                     150.00

Four bedroom property                                                        210.00                                     180.00

Five bedroom property                                                         240.00                                     210.00

 

Check-in Fees                                                                       [3rd party fees - due to contractor and NOT to River Habitat]

 

                                                                                Furnished (£/incl. VAT)        Unfurnished (£/incl. VAT)

Studio / One bedroom property                                        102.00                                     90.00

Two bedroom property                                                         114.00                                     102.00

Three bedroom property                                                      126.00                                     114.00

Four bedroom property                                                        144.00                                     126.00

Five bedroom property                                                         180.00                                     144.00

 

 

 

Mid-term Inspection Fees                   [3rd party fees - due to contractor and NOT River Habitat]

[If required]

                                                                                Furnished (£/incl. VAT)    Unfurnished (£/incl. VAT)

Studio / One bedroom property                         54.00                                       48.00

Two bedroom property                                         60.00                                       54.00

Three bedroom property                                      66.00                                       60.00

Four bedroom property                                        72.00                                       66.00

Five bedroom property                                         78.00                                       72.00

 

Mid-term inspections are advisable in certain situations for some Tenancies but are not conducted as routine

 

Professional Cleaning                         [If required]

                                                                                Furnished (£/incl. VAT )     Unfurnished (£/incl. VAT)

Studio Flat                                                                160.00                                     125.00

One bedroom / one bathroom property                         180.00                                     150.00

Two bedroom / one bathroom property                190.00                                     160.00

Two bedroom / two bathroom property                         200.00                                     180.00

Three bedroom / one bathroom property            230.00                                     200.00

Three bedroom / two bathroom property                      240.00                                     210.00

Four bedroom / four bathroom property                        280.00                                     270.00

 

*               Individual quotations may apply in the case of properties which are in an extremely dirty condition

 

Only charged where it is necessary to prepare the property to a professional standard of cleanliness at the start of a new Tenancy. This may be the case where a property is being let for the first time.

 

 

Deposit Registration Fee                                                                    £50.00 incl. VAT

 

·          Only applies to Letting Only Tenancies where the Landlord requires this service.

·          Register Landlord and Tenant details and protect the security deposit with a Government-authorised Scheme

·          Provide the Tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of Tenancy

 

IF YOU HAVE ANY QUESTIONS ABOUT OUR FEES OR CHARGES

PLEASE CONTACT OUR PROPERTY MANAGEMENT DEPARTMENT

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