A – Full Management – 18% (inc VAT)
B – Rent Collection 14.4% (inc VAT)
C – Let Only 12% (inc VAT) – Additional year to same tenant 12%, 3rd year 7%
| Service A 18% inc VAT | Service B 14.4% inc VAT | Service C 12% inc VAT | |
| Rental Assessment | * | * | * |
| Marketing the property | * | * | * |
| Arranging and accompanying tenants | * | * | * |
| Applying for references, initial Right to Rent Checks/visa/permit and passport checks – Additional Right to Rent checks could include charges | * | * | * |
| Drawing up Tenancy Agreements £180 inc VAT | * | * | * |
| Collection of Deposit and/or letter of guarantee | * | * | * |
| Registering the Deposit with an approved scheme | * | * | |
| Arranging for an inventory check in, meters read and keys handed over | * | * | * |
| Notifying the Utilities of change of occupier | * | * | * |
| Collection of rents to be paid to the Landlords nominated account | * | * | |
| Submission of Rental statements | * | * | |
| Visiting the property after 1st 4-6 weeks and Tri annually thereafter | * | ||
| Dealing with day to day management | * | ||
| Liasing with Landlord accountant regarding tax return | * | ||
| Arranging Gas/Electric & EPC safety checks | * | ||
| Arranging check out at end of tenancy and dealing with dilapidations report | * | ||
| Arranging for the rent increase of the tenancy | * | * | |
| Arrange cleaning/repair work at the end of the tenancy | * | ||
| Arrange rent guarantee and legal insurance where required | * | * |
Tenancy Set up costs per tenancy
| No. of References | Rent less than £1000 | Rent £1000-£1600 | Rent over £1600 |
| 1 | £498 | £558 | £618 |
| 2 | £552 | £612 | £672 |
| 3 | £606 | £666 | £762 |
| 4 | £660 | £720 | £780 |
| All Figures include VAT and referencing, right to rent checks, financial credit checks where applicable, contract negotiation, tenants paperwork and check out | |||
Additional Costs:-
Drawing up Tenancy Agreement £180 (inc VAT) Agreement Renewals £120 (inc VAT) Make of Inventory £160 – £460 (inc VAT) Check in of Tenants £160 – £350 (inc VAT) Provide paperwork for a Tenancy deposit dispute * £180 (inc VAT)
Plus time for above charged per hour * £50 (inc VAT) Registration of Tenancy Deposit £75 (inc VAT) Max one per year Additional copies of Inventory £30 (inc VAT) Call out for Alarm in office hours £60 (inc VAT) Call out for Alarm out of office hours £120 (inc VAT) Additional visits to property £60 (inc VAT) Section Notices i.e. section 21/section 8 or other £180 (inc VAT) Void period visits to property £60 (inc VAT) Dealing with Legal Proceedings per hour £30 (inc VAT) Energy Performance Certificate (property size dependant) £102 – £156 (inc VAT) Court Appearance (travel costs/parking additional) £60 per hour (inc VAT) Purchase by party introduced by Murray Management 1.2% of purchase price (inc VAT) Submission of ¼ payment to HMRC if no exemption £60 (inc VAT) Legal & Rent Protection Insurance £170-£450
Re-issue of TDS paperwork (Service B & C) £100 inc VAT Work arranged for non managed properties 22% (inc VAT) of contractor invoice
Additional statements £5 inc VAT
Gas Safety Certificate and service £as per contractors bill Electrical Installation Condition Report £as per contractors bill PAT test £as per contractors bill EPC £as per contractors bill Handling Local authority licensing application £50 inc VAT per hour
Landlord Withdrawal Fee £170 inc VAT Extension/renewal/Rent increase of tenancy fee £120 (inc VAT) Right to Rent follow up check £120 (inc VAT) Acquiring material Information if required £60 inc VAT per hour
