Fees to Landlords
Sole Agency Rate:
Introduction Only(Let Only) upon separate negotiation
We will provide a market appraisal of the property and offer market reports as required. Arrange all necessary marketing, including erecting an advertising board outside the property, unless specifically instructed otherwise. Arranging/accompanying viewings with potential Tenants. Liaising between parties regarding offers made. We will contact you for approval of any potential Tenant, or agree in advance with you the extent of our authority to accept a Tenant on your behalf. Taking up references and credit searches of the potential Tenant(s). Arranging for the signing of the tenancy agreement by all parties. Chamberland Residential ltd. will provide this document for you and the cost is included in our Arrangement charge of £275.00 inc. vat. Collecting the first month’s rental in advance from the Tenant together with a security deposit (usually six weeks rent equivalent.) Please see Security Deposit notes below. Arranging for a Standing Order or other agreed method of payment, to be sent to the Tenant for the future rental payments. The rent will directly credit the account of Chamberland Residential ltd. on the Rent Demand or Managed service. Chamberland Residential ltd. cannot be held liable if the payments are not set up.
Rent Collection 9.6% inc VAT (8% + VAT)
Includes all of the above stated in * Introduction Only* service and also the following:
On receipt of cleared rental funds, to account to the landlord within 7 working days, less any commissions, invoices or any other payments due by the landlord regarding the property. Submitting a statement of account to the Landlord on a monthly/quarterly/annual basis if requested. Monitoring payments received and advising Landlords of any non-payment within 14 days of the due date. In the event of non-payment we will contact the Tenants by telephone and letter, at weekly intervals.
Managed 15.6% inc VAT (13% + VAT)
Includes all of the above stated in Introduction Only and Rent Demand services and also the following:
We will investigate defects which may come to our attention or which are properly brought to our attention by the Tenants. Works will be dealt with as they arise and a quote will be approved by yourselves unless you have given instruction in writing otherwise or unless it is an emergency and we cannot get a hold of you. Where works are likely to cost more than £1000.00 we will endeavour to submit proper estimates to you, except in the case of an emergency. Upon your acceptance of estimates we will instruct the works to go ahead.
We are happy to use contractors that you have specifically nominated for works at the property, but cannot guarantee to do so. Contractors are arranged by Chamberland Residential through CR Works Ltd and have been vetted, but the responsibility and liability of any non payment of works is between the landlord and CR Works Ltd. not Chamberland Residential. We will not be responsible for any loss or damage that you suffer through the act, default or negligence of any third party which may arise other than through our negligence, omission or failure. Chamberland Residential has the right to earn interest or commission for any/ all works carried out by these contractors which may already be included in your quoted price.
Notice: Notice to cease the Rent Demand or Management service is strictly three (3) months in writing. Notice cannot be served prior to 6 months of the tenancy commencing. If this notice falls within the first rental term then our minimum fee of £960 inc vat will be due instead for any amount of time that the Tenant is residing in the Premises.
Premium Managed 18% inc VAT (15% + VAT)
Includes all of the above stated in Introduction Only, Rent Demand and Managed services as well as the following:
• Opening and closing of utility & council tax accounts for the tenants *
• Property inspections within the first 3 months then every 6 months thereafter*
• Free annual Gas safety certificate *
• Reduced Renewal Tenancy Agreement and Legal Document charge to £50.00 inc VAT *
• Free key copies up to 2 sets (not including security door keys) *
• Costs covered for post forwarding to the landlord for up to 6 months *
• End of tax year report to help with self-assessments *
* Terms and restrictions apply, please enquire for more specifics.
Renewal (Let Only fee negotiated separately, both Rent Demand and Managed monthly fees remain)
Plus £120 for renewal admin charge
• Contact both parties towards the end of the initial fixed Term to enquire should both tenants wish to renew or extend and if so to agree all terms.
• We will review the Rent and advise you if a Rent increase is possible or desirable depending upon current market conditions.
• Write to the Tenant once written confirmation has been received from you requesting that the Tenancy should be renewed or extended.
• Try to ensure both parties sign the documentation by the start date of the new period of the Tenancy.
Additional non-optional fees and charges (irrespective of level of services)
Inventory & Check-in reports (Landlords share)
The cost of the preparation of the Inventory & Check-in report is borne by the Landlord. As these reports are compiled through an independent company the cost of which may vary dependent on the size and style of property, however as an rough guide the cost could range from £200 (inc VAT) for a studio apartment through to £336 (inc VAT) for a 5 Bedroom House.
The preparation of our standard Tenancy Agreement usually being for a fixed Term of twelve months or more would be £275 (inc VAT).