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Letting Service: 11% plus VAT of the agreed rate for the entire term which should be paid in full at the commencement of the tenancy.

Letting and Management Service: 15% plus VAT of the agreed rate for the entire term and any renewal or extension.

Management only: 5% plus VAT.

Tenancy Agreements

Assured Shorthold Tenancy Agreement (Landlords share) £330 per tenant
Renewal Tenancy Agreement (Landlords Share) £240 per tenant

Client-Money-Protection---Certificate Client-Money-Protection---Security-Certificate

Additional services and their fees

VAT at 20% included in all fees

Booking Fees for Additional Services

Lettings and Renewal

Lettings and Management

Arranging Gas Safety check and Certificate

£60.00 Plus the cost of the test

Included

Arranging Portable Appliance Test (PAT)

£60.00 Plus the cost of the test

Included

Arranging Electrical Safety Check

£60.00 Plus the cost of the test

Included

Arranging Energy Performance Certificate

£60.00 Plus the cost of EPC

Included

Arranging Legionnaires Risk Assessment

£60.00

Inventory Booking fee

£48.00

Included

Inventory Check-In Charge

Dependent on the content and size of property

Included

 Deposit Registration Fee

£72.00 per annum

£72.00 per annum

 CHAPS payments

£30.00 per payment

£30.00 per payment

Pre-Tenancy Clean or clean upon request

£60.00 to organize Additional fee dependent on property size

Included

Project Work

14.4% of work cost

14.4% of work costs

Refurbishments excluding day to day management

n/a

12% of total cost of works

Additional Property Visits

£90.00 per visit

£42.00 per visit

Working balance

n/a

£500.00

Miscellaneous Duties including property waiting time

£60.00 per hour

£42.00 per hour

Per Copy Statement

£12.00

Included

Annual Set of Copy Statements

£120.00

Included

Vacant Management

n/a

£180.00 per month

Court Attendance

£240.00 per hour

£240.00 per hour

Submission of Tax Retained for Non Resident Landlords

£300.00 per quarter

Included

Overdue Fees

Interest at 4% above Bank of England base rate from due date

Serving of Section 13 Notice

£60.00 per notice

 £40.00 per notice

Serving of Section 21 Notice

£60.00 per notice

 £40.00 per notice

Processing of Insurance claims

12% of claim with a minimum fee of £300.00

 12% of claim with a minimum fee of £300.00

Preparation of Documents for all Disputes Regarding the Tenancy Deposit Scheme

£100.00

Included

Fees payable by tenant:

Holding Deposit: Equals one weeks rent and is held during the referencing process before the tenancy agreement is signed.

Refundable Tenancy Deposit: Equal to 5 weeks rent where the total annual rent is less than £50,000, or 6 weeks rent where the total annual rent is £50,000 or above.

The deposit will be protected in a government approved deposit protection scheme.

Payments in the event of a default:

This charge covers:

  • The loss of a key to, or any other security device giving access to, the property to which the tenancy relates will incur a charge.
  • Failure to make a payment of rent in full only before the end of 14 calendar days beginning with the date the rent is due as written in the tenancy agreement will incur a charge of 3% above Bank of England base rate in interest for each day that the payment is outstanding.
  • Payments on variation, assignment or novation of a tenancy: If changes to the tenancy are requested by the tenant after the tenancy has become binding a charge not in excess of £50 (including VAT) will occur.
  • Payments on early termination (surrender) of tenancy: A charge will occur for a tenant’s request of an early termination of the tenancy (other than when exercising a break clause in accordance with the terms of the tenancy). The charge will not exceed the loss suffered by the landlord or the reasonable costs incurred by Milton Stone.
  • Payments in respect of Council Tax
  • Payments for Utilities: Electricity, gas or other fuel, water or sewage.
  • Payments for a television license: Payable to the British Broadcasting Corporation (BBC)
  • Communication services: Telephone (other than a mobile telephone), the internet, cable television, satellite television.
  • Green Deal charge: If the Tenancy Agreement requires the payment to be made, the tenant will make a payment towards Energy Efficiency improvement under a Green Deal charge (as set out in Section1 of the Energy Act 2011) or any subsequent energy efficiency scheme.

Client money protection (CMP) provided by Arla Propertymark; propertymark.co.uk

Ombudsman services provided by The Property Ombudsman; tpos.co.uk