Fees To Landlords
Independent Redness provided by The Property Ombudsman
Adam Hayes Estate Agents have the Propertymark Client Money Protection (CMP).
Let Only 12% Including VAT
Rent Collection 14.4% Including VAT (This includes the Let Only Service)
Fully Managed 16.8% Including VAT (This includes the Let Only Service and Rent Collection Service)
Let Only 9% Including VAT
Rent Collection 12% Including VAT
Fully Managed 14.4% Including VAT
Renewal fees are payable by the landlord if the tenant extends, renews or just stays on under a new agreement irrespective of the level of service.
|Service||Let Only||Rent Collection||Full Management|
|Market your property|
|Reference the tenants|
|Prepare the legal paperwork|
|Collect the first month's rent in advance and deposit|
|Arrange deposit protection|
|Negotiate tenancy renewals|
|Rent guarantee cover available (subject to terms and conditions)|
|Monthly rent collection|
|Ensure quick payments to landlords with a statement|
|Chase late payments of rent|
|Manage the transfer of utilities|
|Make any HMRC deductions|
|Deal with any maintenance issues|
|24 hour telephone number for tenants|
|Routine property inspections|
|Arrange gas inspections|
|Arrange an EPC Certificate|
|Check tenants into the property|
|Check tenants out of the property|
|Attend court if required|
|Resolve any deposit claims|
Additional Non-Optional Fees and Charges
Deposit Registration Fee £50 (Including VAT)
Register landlord and tenant details and protect security deposit with a Government - authorised Scheme. Provide the tenant(s) with the Deposit Certificate and Prescribed information within 30 days of start of tenancy.
Inventory Check-In Fee (Landlords Share) £220 - £350 (Including VAT) depending on number of bedrooms and size of property.
Preparing an Inventory and Schedule of Condition of the property, explaining how appliances function and taking meter readings for utilities and services.
If the tenant paid for the cost of the check in, the landlord is responsible for paying the cost of the check out.
Inventory Check-Out Fee (Landlords Share)£220 - £350 (Including VAT) depending on number of bedrooms and size of property.
Agree with the tenant(s) check out date and time and appointment. Instruct an inventory provider to attend undertake an updated Schedule of Condition based on the original inventory.
Gas Safety Certificate and EPCs £90 (Including VAT) each
This is charged to the landlord if we are organising these.
Additional Property Visits £90 (Only available for Managed Poperties) each
To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance linked visit.
Submission of non-resident landlords receipts to HMRC £0 (If landlord is compliant)
To remit and balance the financial return to HMRC quarterly – and respond to any specific query relating to the return from the landlord HMRC.
Submission of non-resident landlords receipts to HMRC £180 (Including VAT) every three months (If the landlord is not compliant and we do not receive an NRL certificate)
If we manage or collect the rent we will charge the above fee to remit and balance the financial return to HMRC quarterly – and respond to any specific query relating to the return from the landlord HMRC.
Arrangement fee for works and refurbishments 10% of net costs
Arranging access and assessing costs with contractor, ensuring work has been carried out in accordance with the specification of works, retaining any warranty or guarantee as a result of any works.
Rent Review Fee £0
Review rent in accordance with current prevailing market condition and advise the landlord, negotiate with tenant, direct tenant to make payment changes as appropriate, update the tenancy agreement, serve section 13 Notice if tenancy is on a rolling monthly basis.
Fee for Organising End of Tenancy Deposit disputes (Landlords Share) £0
Negotiate with landlord and tenant any disbursement of the security deposit, return deposit as agreed with landlord and tenant to relevant parties, remit any disputed amount to Scheme for final adjudication, unprotect security deposit, instruct contractors, obtain quotes, organise repairs/replacement/cost of any broken or missing items.
Court Attendance £450 (Including VAT)
If you require a member of our staff to attend any tribunals, court proceedings or arbitrations.
Rent Guarantee Cover 2.4% (Including VAT) of the annual rent
This is charged to the landlord if rent guarantee has been requested. Agent guarantees rent, should the tenant miss a rental payment.
Landlord withdrawal fee after offer has been accepted £180 (Including VAT)
If the landlord agrees to proceed with the proposed Tenancy and subsequently withdraws such instructions for any reason other than unsatisfactory references, the Landlord agrees this is payable to contribute towards advertising and administration costs.
Fees are quoted as a % of the annual rent. Please see our Terms of Business for full details of what is included in our Lettings Services.
For further information about our Client Money Handling Procedure, please visit: https://www.propertymark.co.uk/working-in-the-industry/member-requirements.aspx
If you have any questions on our fees, please ask a member of staff.