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 10% of rent + 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% of rent + 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% of rent + 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 xanax canada pharmacy 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 cialis slogan 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 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 [3rd party fees due to contractor and NOT to River Habitat]

Inventory Make Fees [3rd party fees – current at 01/07/2015]

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

Studio / One bedroom property 140.00 110.00

Two bedroom property 150.00 120.00

Three bedroom property 160.00 130.00

Four bedroom property 170.00 140.00

Each additional room 25.00 15.00

Professional Cleaning Charges [3rd party fees – current at 01/07/2015]

[If required]

£ incl. VAT *

One bedroom / one bathroom property 168.00

Two bedroom / one bathroom property 216.00

Two bedroom / two bathroom property 264.00

Three bedroom / two bathroom property 336.00

Four bedroom / three bathroom property 378.00

Five bedroom / four bathroom property 516.00

* 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.

Mid-term Inspection Fees [3rd party fees – current at 01/07/2015]

[If required]

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

Studio / One bedroom property 40.00 30.00

Two bedroom property 45.00 35.00

Three bedroom property 50.00 40.00

Four bedroom property 55.00 45.00

Each additional room 10.00 5.00

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

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