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 10% of rentVAT at 20%12% 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
Referencing Checks on Tenants (per applicant)£50.00£10.00£60.00
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£50.00£10.00£60.00
Additional Cost if End of Tenancy Deposit
Dispute goes to Arbitration
£100.00£20.00£120.00
Arranging Quotations/Repairs/Redecoration or
Appliance Replacement
10% of cost of worksVAT at 20%12% of cost of works
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:
Detailed Written Inventory and Date-Stamped Photos£150.00 £30.00£180.00
Section 21 Notice Service£100.00 £24.00£144.00
Deposit Registration with the TDS (Annual Fee)£50.00 £10.00 £60.00
End of Tenancy Checkout £120.00£24.00£144.00
RENT COLLECTION
Monthly Rent Collection Fee7.5% of rentVAT at 20%9% 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.


TENANT FEES ACT 2019

Our Landlords Costs / Charges have been revised to take into account that as from 1st June 2019 Tenants cannot be charged any Fees / Costs regarding Applications, References, Inventories, Checkouts etc.

Client Money Protection through Propertymark

Members of The Property Ombudsman Redress/Complaints Scheme