Agency Fees To Landlord

Please Note:-  That not all fees necessarily apply

Fees Range from 10% to 15% + Vat

 

Fee structure        Our fee structure is tailor made to the individual landlords, depending on the additional input that is required, discounted fees would apply if the landlord has multiple properties to let via Forest Estates.

 

LET ONLY FEE (Tenant Find)                               10% + VAT  of contractual period

  • Agree the Market rent and find suitable tenant/s in accordance with landlords guidelines:
  • Advise on any refurbishment/decoration works required
  • Provide guidance on compliance with statutory provisions and letting consents
  • Market the property and advertise on relevant portals
  • Carry out accompanied viewings (as appropriate)
  • Advise on non-resident tax status and HMRC (if relevant)
  • Discuss the options available regarding the tenancy Deposit
  • Collect and remit initial months rent received
  • Deduct any pre-tenancy invoices
  • Provide tenant with method of payment

 

 

FULLY MANAGED                                 10% + VAT of the contractual rent

  • Agree the Market rent and find suitable tenant/s in accordance with landlords guidelines:
  • Advise on any refurbishment/decoration works required
  • Provide guidance on compliance with statutory provisions and letting consents
  • Market the property and advertise on relevant portals
  • Carry out accompanied viewings (as appropriate)
  • Advise on non-resident tax status and HMRC (if relevant)
  • Register Tenancy Deposit with a Government
  • Collect and remit initial months rent and subsequent rents received
  • Deduct any fees/invoices
  • Provide tenant with method of payment
  • Pursue non-payment of rent and provide advice on rent arrears action
  • Liaise with  the relevant utility providers
  • Undertake two inspection visits per annum and notify landlord of any action that is required
  • Arrange emergency and routine repairs and liaise with both parties accordingly.

Authorisation would be obtained for any works required over £300.00 unless in response to an Emergency Situation.

  • Hold keys throughout the duration of the tenancy

 

Additional non-optional fees and Charges (irrespective of level of service)

 

Deposit Registration Fee                                                                   £48.00 incl VAT

  • Register Landlord and tenants details and protect Security deposit with Government Authorised Scheme
  • Provide the tenant(s) with the Deposit Certificate and Prescribed information within 30 days of start of tenancy.

 

 Additional Property Visits:                                                                                £40.00 incl VAT

  • To attend for specific requests such as neighbour disputes: more visits are required to monitor the tenant, or any maintenance linked visits

 

Submission of non-resident Landlords receipts to HMRC           £100.00 incl VAT (quarterly)

 

Obtaining Additional Contractors Quotes                                      £40.00 incl VAT (per quote)

 

 

 

Rent Review Fee                                                                                 £100.00 (incl VAT)

  • Review Rent in accordance with current prevailing market condition and advise landlord
  • Negotiate with tenant
  • Direct Tenant to make payment change as soon as appropriate
  • Update Tenancy Agreement
  • Serve Section 13 Notice if Tenancy is on a rolling monthly basis (periodic)

 

Checkout Fee (Landlords share if applicable)                                 £60.00 (incl VAT)

  • Agree with tenant check out date and time appointment
  • Instruct Inventory Provider to attend (if required)
  • Negotiate with Landlord & Tenant any disbursements of the security deposit
  • Remit any disputed amount to Scheme for final adjudication
  • Unprotect Security Deposit
  • Instruct contractors, obtain quotes, organise repairs/replacements/cost of broken or missing items

 

Court Attendance:                                                                              £30.00 per hour (incl VAT)

 

Inventory:

 

Forest Estates would recommend a detailed Inventory. Inventories are carried out by an Independent Inventory Company.  Their charges depend on the size of the property and are available on request.  For approximate charges, please refer to page 3 of our Landlords Terms of Business.

 

 

 

 

 

 

THESE FEES MAY NOT APPLY IN ALL CASES – IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF