Agency Fees To Landlord | Forest Estates

Please Note:- That not all fees necessarily apply

Fees Range from 12% to 18% + 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) 12% + 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 12% + 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