Landlords’ Guide to Services and Fees
LEVEL OF SERVICE OFFERED
Tenant Find Service
INCLUDES:
• Collect and transfer your initial monthly rent
• Deduct any pre-tenancy invoices and where appropriate arrange collection of any shortfall
• Provide tenant with method of payment
90% OF 1st MONTHS RENT INC. VAT
Rent Collection Service
INCLUDES:
• Collect your Rental Payments & provide statements
• Deduct commission, fees and cost of any works if appropriate
• Arrange payments from rent for statutory requirements
• Deal with HMRC returns for Non-Resident Landlords
10% OF MONTHLY RENT INC. VAT
Fully Managed Service
INCLUDES:
• Collect your Rental Payments & provide statements
• Deduct commission, fees and cost of any works if appropriate
• Arrange payments from rent for statutory requirements
• Carry out two property inspections per annum and provide you with a detailed condition report including photographs
• Hold a set of ‘Management Keys’ securely throughout the Tenancy
• Obtain Signatures for Keys & any Manuals issued on move-in day
12% OF MONTHLY RENT INC. VAT
ADDITIONAL NON-OPTIONAL FEES AND CHARGES (IRRESPECTIVE OF LEVEL OF SERVICE) All Fees stated are inclusive of VAT
Tenancy Setup Fee: £600 (only applicable on our fully managed service and rent collection service)
• Attend your property to give you our rental valuation which will include a complete market research report
• Prepare Colour Details of the property including floorplans and advertise your property in Bond Living magazine
• Market the property on relevant property portals including Rightmove, Zoopla, OnTheMarket and our own website
• Advise you of your Legal & Safety requirements
• Carry out Accompanied Viewings
• Erect a To Let board outside your property
• Obtain Tenant Credit, ID & Immigration Checks, Tenant Employment & Landlord References
• Produce a suitable Tenancy Agreement and obtain signatures
Inventory Fee:
1 bedroom
£120
3 bedrooms £150
5+ bedrooms Request Quotation
2 bedrooms £135
4 bedrooms £175
For a furnished property please add an additional £30 to the above prices.
Deposit Registration Fee: Included
• Register landlord and tenant details and protect the security deposit with government-approved scheme
• Provide tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of the start of the tenancy
Additional Property Visits: £60
• To attend for specific requests such as neighbour disputes, more visits are required to monitor the tenancy, or any maintenance linked visits
Quarterly submissions of non-resident landlords’ receipts to HMRC: £60
• To remit and balance the financial return to HMRC quarterly – and respond to any specific query relating to the return from the landlord or HMRC
& MANAGEMENT
Rent Review Fee: Included
• Review rent in accordance with market conditions and advise landlord accordingly
• Negotiate with tenant
• Instruct tenant to amend payment details as appropriate
• Update tenancy agreement to reflect any amendments
• Serve Section 13 Notice if appropriate to tenancy
Renewal Fee:
£180 for Rent Collection/Fully Managed or £240 for Let Only Service
• Contract negotiation, amending and updating terms and producing revised tenancy agreement
Checkout Fee: £100
• Liaise with tenant and arrange appointment date and time for check out
• Attending the property to undertake an updated Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit
• Arrange return of deposit to relevant parties in accordance with agreement made
• Remit any disputed amount to Deposit Scheme Provider for final assessment and adjudication
• Unprotect security deposit
• Instruct contractors, obtain quotes, organise any relevant repairs
Electrical Safety Certificate Fee:
1 bedroom £192 2 bedrooms £192
3 bedrooms £216 4 bedrooms £228
5+ bedrooms Request Quotation
Landlord Rent Guarantee Insurance: £30 per month
Court Attendance: £60 per hour
Gas Safety Certificate: £120
Energy Performance Certificate: £120
Annual Financial Income and Expenditure Statement (where requested): £120
IF YOU HAVE ANY QUESTIONS REGARDING OUR FEES, PLEASE GIVE US A CALL TODAY.
Redress Scheme - This firm is a member of The Property Ombudsman - www.tpos.co.uk
Client Money Protection - Bond Residential is a member of The Deposit Protection Scheme
Residential Sales, Lettings & Property Management
Chelmsford Office
78 New London Road, Chelmsford CM2 0PD
01245 500599
chelmsford@bondresidential.co.uk
Danbury Office
Eves Corner, 10 Maldon Road, Danbury, Essex CM3 4QQ 01245 222856
danbury@bondresidential.co.uk
bondresidential.co.uk