Includes agreeing the market rent and finding a tenant in accordance with the landlord’s guidelines. This involves marketing and advertising the property, then carrying out accompanied viewings as appropriate. It also includes providing notification of non-resident tax status and making a HMRC deduction. Also included is advising on refurbishment and providing guidance on compliance with statutory provisions and lettings consensus. This will include the cost of Tenant Referencing the applicant(s). The check will include credit status, current and previous employer, current or past landlord, and taking in to account any other information to help assess the affordability criteria of the applicant(s). Depending on the outcome of the referencing, an applicant(s) earnings or overall financial position may require a Guarantor. The cost of referencing a Guarantor is included in the fee. Should there be a specific situation whereby you have consented to a permitted occupier, appropriate documentation to reflect this is included within this fee. We shall carry out Right to Rent checks on the applicant(s) and any other adult occupier of the property at the commencement of the tenancy. We shall carry out further checks on adult occupants with time-limited Right to Rent or where you have instructed us to commence a Right to Rent check on a new adult occupier where is a change in occupancy during the tenancy.
£288 inc VAT
This is a monthly commission calculated as a percentage of the monthly rent, for collecting and remitted the monthly rent received, deducting commission and other works, and supplying monthly statements. When necessary it includes the pursuance of non-payment of rent and providing advice on rent arrears actions. It includes 3-monthly routine visits and the landlord is advised of the outcome. This fee covers advising all utility providers of any tenancy changes, arranging routine repairs and holding the keys during the tenancy.
Security Deposit Registration Fee
All tenants’ deposits must be registered – by law – with a Government authorised scheme. This fee is for registering the landlord and tenant details and protecting the security deposit; then providing the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of the start of the tenancy. The scheme used by Bespoke Lettings Ltd is the Deposit Protection Scheme (DPS)
It is important to have a thorough and a detailed inventory which service vital functions, including providing a catalogue of the let property, an unbiased record of its condition and any terms included in the tenancy. It forms part of the legally binding contract between the tenant and the landlord.
Included in Set-up Fee
If both parties agree that the tenant can stay for another term, this cost covers the contract negotiation, amending and updating the terms and arranging a further tenancy and agreement.
Included in Management Fee
Check Out Fee
This fee covers agreeing with the tenant(s) a check out date and arranging an appointment; instructing the inventory provider to attend; negotiating with the landlord and tenant(s) any disbursement of the security deposit. To return the deposit to the agreed parties. Remit any disputed amount to Scheme for final adjudication. Unprotect the security deposit, instruct contractors, obtain quotes, organise repairs/replacement of items.
Included in Management Fee
Gas Safety Certificate
The Gas Safety (Installation and Use) Regulations 1998 state that all new, let and managed properties must have a gas safety certificate to start the tenancy and must be tested annually for safety. Bespoke Lettings Ltd appoint a Gas Safe Engineer to do this and this fee covers arranging access and retaining the certificate.
£60 inc VAT
Quarterly & Annual Submission of Non-Resident Landlords to HMRC
This fee is charged 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. An annual submission is also required.
Additional Property Visits
If a routine visit (over and above the 3-monthly visits included in the monthly fee) is required – for example at the specific request of the landlord, or to resolve a neighbour dispute a fee is charged.
£30 inc VAT
when a landlord terminates an agreement before the tenancy has started any actual costs incurred in the marketing and set up of the property. This will not impact on any Right to Cancel.
£250 inc VAT
Post checkout if any proposed deductions in the security deposit are disputed by the tenant, this fee covers completing the relevant documentation to support the landlords’ position.
Specific Site Visit
When a landlord requests a specific visit in order to assess a maintenance requirement.
Bespoke Lettings Ltd does not charge any commission on any works instructed to contractors.
Take Over Management Fee
This fee is to be charged for take over management service from your current letting agent and will cover an AST check, a property visit, smoke alarm check and a new AST.
Included in Set-up Fee