Landlord Costs


MELVYN DANES LETTINGS

LETTINGS CHARGES ARE APPLICABLE PER PROPERTY

Valid from 1st June 2019

FEEVAT at 20%FEE inc. VAT
FULL MANAGED SERVICE
Monthly Management Fee - Usual Fee 12% of rent VAT at 20% 14.4% of rent
Set-up Costs Each New Let (Minimum Fee - £499.99 inc. VAT) 50% of first month’s rentVAT at 20% 60% of first month’s rent
Re-referencing Existing Tenants (per applicant) £25.00 £5.00 £30.00
Deposit Registration with the TDS (Annual Fee) £50.00 £10.00 £60.00
Agreement Renewal Fee £100.00 £20.00 £120.00
Additional Cost if End of Tenancy Deposit
Dispute goes to Arbitration
£100.00 £20.00 £120.00
Fully comprehensive inventory and Date-stamped photo’s INCLUDED
Utility transferINCLUDED
End of Tenancy CheckoutNCLUDED
Section 21 Notice ServiceINCLUDED
LET ONLY SERVICE
Let Only Fee (Minimum Fee - £599.99 inc. VAT) 75% of first month’s rentVAT at 20% 90% of first month’s rent
New Agreements for Tenancy Extensions £120.00 £24.00 £144.00
Optional Extras: Fully comprehensive Inventory and Date-Stamped Photos £150.00 £30.00 £180.00
Section 21 Notice Service £120.00 £24.00 £144.00
Deposit Registration with the TDS (Annual Fee) £50.00 £10.00 £60.00
End of Tenancy Checkout £150.00 £30.00 £180.00
RENT COLLECTION
Monthly Rent Collection Fee 8% of rent VAT at 20% 9.6% of rent

RENT/LEGAL PROTECTION INSURANCE

12 or 6 month Rent/Legal Protection Insurance available and cost ranges from £90.00 to £195.00 inc. VAT depending on length of Term and Rent payable per calendar month.