SCALE OF FEES
(20% will be added to the fees defined below)
| Letting fee (clauses 1-6) | 8% of gross annual rent Please Note: Minimum fee is £500 (If percentage amount is lower) |
Letting only services plus deposit protection fee (1-7) | As above plus deposit fee below |
| Letting and rent collection fee (clauses 1-8) | As above plus 7% of monthly rent |
| Standard management fee (clauses 1-13) | 10% of monthly rent |
| ADDITIONAL CHARGES - These fees below are inclusive of VAT | |
| Collection of rent and deposit | 7% of monthly rent |
| Renewal Fee | 4% of gross annual rent for 1st renewal £250 for each renewal thereafter |
| Tenancy set up fee* | £70 |
| Tenancy Deposit Service* | £25 |
Administration of NRL tax returns | £100 plus per annum |
Immigration Check* | £50 per tenant |
Redirection of mail overseas | Postage |
Faxes and overseas telephone call | Cost of call |
Arranging gas safe certificate | £15 plus cost of Gas Certificate |
Arranging electrical certificate | £15 plus cost of Electrical Certificate |
Arranging EPC (Energy Performance Cert) | £20 plus cost of EPC |
Duplicating and testing extra keys | £5 Cost of cutting keys |
Inventories/schedule of conditions | £15 plus cost of Inventory |
Arranging/supervising of works over £500 | 10% of total cost (clause 4.1) |
Application for HMO/LL License | £150 |
Application for renewal of HMO/LL License | £60 |
Statement of account for tax year | £65 |
Insurance claim | 10% of the total value claimed |
Arranging clearance of property | £75 per hour (excluding contractors cost) |
Issuing notice of seeking possession | £50 |
Hourly rate for other work | £75 |
End of tenancy inspection of inventory check | £50 plus cost of inventory/checkout |
Referencing fees-Credit check-per tenant | £50 plus cost of credit check |
Liaising with a Landlord's mortgagees | £20 |
| *THESE FEES ARE INCLUDED IN THE STANDARD MANAGEMENT FEE | |
DEPOSIT SCHEME
Stennett Properties is a member of the Tenancy Deposit Scheme (TDS).
CLIENTS MONEY AND INSURANCE PROTECTION
The directors of Stennett Properties are solicitors and follow the same high standards as those in place for Stennett solicitors in relation to standard of customer care and accountability. Client’s money is kept in a separate account and our accounts are audited annually. We do not belong to the Client Money Protection Scheme but have an insurance Policy in place with Dual Corporate Risk Limited which protects our clients’ money. Details of our policy can be given on request.
