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Our Landlord Fees

Services

Let only 

Included: Agreeing the market rent and finding a suitable tenant that matches your requirements. This involves marketing and professional advertising of the property; erecting an advertisement board and carrying out viewings at the property. We will draw up all the necessary legal documents including the tenancy agreement and arrange for these to be signed, Unless stated, 123estateAgent will sign the AST on behalf of the landlord on all managed properties.

We will then provide all parties with a copy and supply the tenant(s) with the How to Rent guide Booklet and the prescribed information in relation to the tenants deposited security bond. The set up fee also includes the referencing and suitability checks carried out on the tenant.

Set up Fee:

£150.00 

Taken once let:

6% All inclusive

Full Management 

The monthly management fee is taken as a percentage of your monthly rent. The fee covers our services for collecting and remitting the monthly rent received, deducting and remitting contractor payments, and producing a monthly statement. When necessary it includes the pursuance of chasing non-payment of rent, sending arrears letters and arranging property visits in relation to non payment of rent.
We will deal with all maintenance issues reported and arrange for an accredited contractor to attend your property and make necessary repairs following prior authorisation.

Set up Fee:

£150.00 

Taken monthly once let:

8% All inclusive

Rent protection

We can arrange rent protection & legal cover quote. Rent protection covers you for non-payment of rent, regaining possession of your property and all court costs & legal fees associated with this.

Fee:

Quote on request

 

Ingoing Inventory

It is vitally important to have an ingoing inventory carried out prior to tenants moving into your property. Our inventory reports provide an unbiased record of its condition and contents. The reports are very detailed, and they provide photographic evidence of the property at the commencement of the let. It forms part of the legally binding contract between the landlord and tenant. An inventory is a vital document if the deposit enters a dispute at the end of the tenancy and will stand up as evidence to support your claim.

Fee:

1 Bed: £100 + VAT

(£120 inc VAT)

2 Bed: £120 + VAT

(£144 inc VAT)

3 Bed: £140 + VAT

(£168 inc VAT)

4 Bed: £160 + VAT

(£192 inc VAT)

Outgoing Inventory

A check out report provides you with a detailed unbiased report showing the condition of the property at the end of the tenancy. This is a vital document should your deposit claim enter a dispute as it holds strong evidential value.

Fee:

£80 + VAT

Total Cost including VAT:

£96

Depositing the bond for your tenant

We will arrange depositing the security bond in our custodial scheme with the Deposit Protection Service (TDS). We will then provide a registered deposit certificate. If you have your own scheme that you would prefer to use, we can also arrange securing the bond in your own scheme.

Fee:

FREE

Take over of management – with existing tenant

We can take over management on your property from your existing agent. All of the above would apply with your management service and we would draw up new agreements. We can also arrange for your tenants deposit to be transferred to our secured deposit scheme.

Fee:

£150.00

All inclusive

 

Service of Notice – Free if managed

Section 21 Notice to quit is a legal tool, which the landlord can use to regain possession from a property which is let under an Assured Shorthold Tenancy. It gives the landlord the right to request you to leave the property, giving you two months of time under the rules of Section 21. We will also arrange a section 8 if requested.

Fee:

£150.00

All inclusive

 

Bond Disputes

If there is a dispute with your claim at the end of the tenancy, we will deal with liaising with the tenant and submitting all evidence to support your claim.

Fee:

FREE

Statutory Declaration Claims

In the event that a tenant does not respond to a claim from the bond, we may need to start a statutory declaration claim. We will submit all relevant forms to the TDS and get them witnessed by a solicitor.

Fee:

FREE

Fee:

£25 + VAT
£30 Inc VAT

Gas Safety Certificate

A Gas Safety Certificate must be carried out every 12 months. We can arrange this for you and will send a reminder every 12 months to ensure you are legally compliant.

Fee:

£80 + VAT

Total Cost including VAT:

£96

Energy Performance Certificate (EPC)

All let properties must have an up to date EPC. These last for 10 years and then must be renewed. This fee covers the cost of the domestic energy assessor carrying out the inspection.

Fee:

£55 + VAT

Total Cost including VAT:

£66

Electrical Safty Report (EICR)

These new Regulations require landlords to have the electrical installations in their properties inspected and tested by a person who is qualified and competent, at least every 5 years. Landlords have to provide a copy of the electrical safety report to their tenants, and to their local authority if requested.

Fee:

£165 + VAT

Total Cost including VAT:

£198

Legionella assessment 

The practical and proportionate application of health and safety law to landlords of domestic rental properties is that whilst there is a duty to assess the risk from exposure to Legionella to ensure the safety of their tenants, this does not require an in-depth, detailed assessment. The risks from hot and cold water systems in most residential settings are generally considered to be low owing to regular water usage and turnover.

Fee:

£48 + VAT

Total Cost including VAT:

£60

Portable Appliance Test (PAT)

Landlords are obligated to ensure that electrical equipment and systems in the property are safe. You may be liable if the tenants are harmed or suffer damage to their own goods. The following Acts and Regulations detail this: The Landlord and Tenant Act 1985, The Housing Act 2004 (Housing Health and Safety Rating System), The Electrical Equipment (Safety) Regulations 1994, and the Plugs and Sockets etc. (Safety) Regulations 1994, both of which come under the Consumer Protection Act 1987. Under Part P of Building Regulations, certain electrical work is required to be carried out by a Competent Person. Having portable appliance testing is always best practice for landlords.

Fee:

£56 + VAT

Total Cost including VAT:

£70
 

Interim Property Inspections

We will carry out interim inspections on a 3, 6, or 12 month frequency. The report that you receive is a detailed unbiased report detailing the condition of the property and will highlight any areas of concern which we can then address.

Fee:

FREE

Included with Property Management

 

Additional Property Inspections

We will carry out additional inspections. The report that you receive is a detailed unbiased report detailing the condition of the property and will highlight any areas of concern which we can then address.

Fee:

£60.00

All inclusive