FEES TO LANDLORDS
Our levels of Service
Commission fees are calculated on the rent due under the agreed tenancy at the rates detailed below and on every tenancy renewal.
| Fully Managed 18% (inc VAT) 15% (exc VAT) | Rent Collect 14.4% (inc VAT) 12% (exc VAT) | Let Only 12% (inc VAT) 10% (exc VAT) | |
| Advertise the property; introduce applicants; conduct viewings; negotiate the rent and tenancy details. | • | • | • |
| Arrange Tenant Referencing | • | • | • |
| Prepare Tenancy Agreement (additional fee applies) | • | • | • |
| Arrange for an Inventory make & check-in | • | • | • |
| Provide advice on landlords statutory obligations | • | • | • |
| Ensure the landlord is compliant with statutory obligations | • | ||
| Advise utility providers of change in occupier | • | • | • |
| Collect, hold & register security deposit under the TDS | • | • | • |
| Collect & remit the first months’ rent | • | • | • |
| Collect & remit further rents due under the tenancy | • | • | |
| Pursue any non-payment of rent | • | • | |
| Hold keys for the property | • | ||
| Property Inspections | • | ||
| Arranging routine repairs and maintenance | • | ||
| Monthly accounting with statements providing details of rents received and property related invoices paid | • | ||
| Negotiating and preparing a renewal of tenancy, OR | • | • | • |
| Arrange end of tenancy check-out AND | • | • | • |
| Negotiate any deposit dilapidations and return accordingly | • | • | • |
| Example: Rent £500 per week for a twelve month tenancy | £4,680 | £3,744 | £3,120 |
Additional non-optional fees and charges
- Tenancy Agreement Fee £90 (inc VAT)
Drawing up the Tenancy Agreement, issuing paperwork and ensuring documents are signed
- Tenancy Renewal Agreement Fee £55 (inc VAT)
Amending any terms of and drawing up the Renewal Agreement, issuing paperwork and ensuring documents are signed
- Inventory Make and Check-in Fee These costs are charged by the Inventory Company and are dependent on the size of the property. They start from approximately £175 (inc VAT) for a combined inventory & check in. Andrew Reeves do not make any additional charges.
- Supervision Fee (if Fully Managed) 18% (inc VAT)
For maintenance works over £500 we reserve the right to make the above charge based on the total cost of the works to cover arranging access, drawing up specifications, obtaining quotes and supervising work through to completion.
- Furnishing Fee 18% (inc VAT)
For purchases over £500 we reserve the right to make the above charge based on the total cost of the purchases to cover establishing items required, sourcing suitable items and obtaining quotes, arranging access for and supervising installation.
- Administration of Insurance Claims 12% (inc VAT)
For preparing all information and paperwork with regards to any insurance claim made as result of any damages at the property and liaising with contractors in order for the works to be completed the above fee on the amount of the claim will be charged.
- Arranging Gas Safety Check (if not Fully Managed) £60 (inc VAT) plus the cost of the check, currently £120 (inc VAT)
- Bank transfer fee to International accounts £18 (inc VAT)
- Empty Care £60 (inc VAT) per week
For visiting the property once a week and maintaining utility accounts as instructed
- Court Attendance £120 (inc VAT) per hour
Client Money Protection (CMP) Provided by ARLA -propertymark. Our Client Money Handling Procedures are covered by the ARLA -propertymark Conduct and Membership Rules, available here.
Independent Redress Provided by TPOs
