Additional Landlord Costs

 

Summary of Charges:

(all charges are inclusive of VAT unless otherwise stated)

 

Electrical Safety Check*   £90
 
Gas Safety Certificate*   £90 to £150
 
Landlord present:   £84
 
Landlord absent:   £172.80
 
Installation of carbon monoxide detector* (payable at the start of the tenancy)   £60
 
Presentation Service:   £86.40 at instruction + 10% (plus VAT) of total cost of service subject to a minimum fee of £360.
 
Furnishing the Property:   10% (plus VAT) of total cost subject to a minimum fee of £216.
 
Preparation and completion of new Tenancy Agreements:
(payable at the end of the tenancy)
  £216
 
Increased charge for significant Tenancy Agreement Amendments:   £360
 
Preparation and completion of Tenancy renewals or extensions:   £115.20
 
Deposit Registration charge: * excludes VAT   Currently £23 and subject to change*
 
Preparation and submission of materials to TDS on deposit disputes   £288
 
Arrangement of deposit transfer at the end of tenancy where deposit
not held by Glentree
  £86.40
 
Miscellaneous Duties:    
 
Serving of Notices:   £72
 
Payments to overseas accounts by CHAPS:   £18
 
Additional copies of statements:   £72 for up to 6 and £7.20 for each additional copy thereafter
 
Non Residents Landlord tax transfer to HMRC:   £144 per quarter
 
Courts and Tribunals appearance:   £216 per hour
 
General support and administration duties   £115.20 per hour
 
Managed Lettings – Exceptional Costs    
 
Unless otherwise instructed in writing works under £500 (ex VAT) in value will be commissioned without consultation with the Landlord as part of standard management responsibility.    
 
Works over £500 (ex VAT) :   10% (plus VAT) of total cost
 
Additional property visits:   (2 per year included in service) £86.40 per visit
 
Process of Insurance Claims:   10% of total claim (plus VAT) subject to minimum fee of £360 (plus VAT)
 
Key cutting:   £12
 
Charge for arranging contractors:   window cleaners, roofers, plumbers, electricians etc. £60
 
Letting Fees – consumer and professional* landlords   £115.20 per hour
 
Letting fees continue payable for as long as the tenant remains in the property, that is, during all renewals or extensions    
 
Exclusive sole agency appointment   9% of the gross rental achieved
 
Example: for a 52 weeks’ letting at a gross rental of £1000 per week (£52,000 per year), the Letting Fee at 9 % will be £5,616 including VAT for the initial period.    
 
Multiple agency appointment   11% of the gross rental achieved
 
Example: for a 52 weeks’ letting at a gross rental of £1000 per week (£52,000 per year), the Letting Fee at 11 % will be £6,864 including VAT for the initial period.    

  

*Professional landlords attract additional contingent fees which are advised separately.

 

FEES CURRENT FROM OCTOBER 2017

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