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Market appraisal |
Initial FREE market appraisal with advice on current market, refurbishment, compliance, provisions & letting consents. |
FREE |
FREE |
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Letting Fee |
Following market appraisal (above) agree the market rent, prepare detailed marketing particulars including professional photography & floorplan. Advertise property on ALL major portals, sandersonsuk.com & social media channels. Erect a marketing board at the property. Carry out accompanied viewings with in-house skilled negotiators. Advise on non-resident tax status and HMRC (if relevant). Pre-application tenant qualification & offer negotiation. Collect and remit initial months' rent (minus pre-tenancy works if agreed) & deposit monies. Provide tenant with mandatory documentation & methods of future payment. Advise the local council and water board of tenancy changes. |
3 weeks rent + VAT |
3.6 weeks rent inc VAT |
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Tenancy Setup charge (from 2022) |
Negotiate the terms & conditions of the tenancy, ensure an appropriate tenancy agreement is prepared and signed in line with current legislation. Where applicable, issue Contractual Guarantee for any Guarantors for signature. Signed copies to be provided to all parties. Detailed referencing of each named tenant/guarantor to include credit, address, financial, employment, UK Government required Right to Rent checks & previous landlord checks where available. Protect deposit with landlord and tenant details under a Government authorised scheme. Provide tenant with deposit certificate & prescribed information in required timeframes. |
£400 + VAT | £480 (inc VAT) |
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Tenancy Execution Fee (up to 2021) |
Negotiate the terms & conditions of the tenancy, ensure an appropriate tenancy agreement is prepared and signed in line with current legislation. Where applicable, issue Contractual Guarantee for any Guarantors for signature. Signed copies to be provided to all parties. |
£250 + VAT |
£300 inc VAT |
| Pre move-day property check | It is really important to start the tenancy off with a well presented property. We will visit the property ahead of the move-day to conduct a basic check throughout to ensure it is ready for a professional inventory and a new tenant. To include checking works are complete and the property is in a good condition ready for the tenant. | £50 + VAT | £60 inc VAT |
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Inventory Fee |
Provide a detailed inventory and schedule of condition report of the property with photos including fixtures, fittings, furnishings, key audit & meter readings. Issue to tenant for signature. |
£150 + VAT |
180 inc VAT |
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Deposit Registration Fee (up to 2021) |
Protect deposit with landlord and tenant details under a Government authorised scheme. Provide tenant with deposit certificate & prescribed information in required timeframes. |
£30 + VAT |
£36 inc VAT |
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Tenant Referencing Fee |
Detailed referencing of each named tenant/guarantor to include credit, address, financial, employment, UK Government required Right to Rent checks & previous landlord checks where available. |
£55 + VAT per tenant or guarantor |
£66 inc VAT per tenant or guarantor |
| Tenant Evict Service |
Full legal eviction service should the Tenant default on rental payments. In the event of a rental default, the policy will pay the costs associated with gaining possession. Also, should the Tenant fail to vacate on expiry of a Section 21 notice (England and Wales only) it will cover the costs of eviction for you. The service includes initial advice from fully ARLA qualified staff, engagement with specialist solicitors and representation at court if required. It does not cover rent loss like the Rent Guarantee policy. |
£75 + VAT per tenant per annum | £90 inc VAT |
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Rent Collection Service |
Collect and remit the monthly rent received. Prepare and submit monthly statements. |
7% + VAT |
8.4% inc VAT |
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Fully Managed Service |
Collect and remit the monthly rent received. Prepare and submit monthly statements & BACS payments. Landlord and tenant liaison & mediation. 24hr maintenance reporting system for tenants. Deduct commission and other works. Arrange routine repairs and instruct approved contractors. Undertake two property inspection visits per annum- issue full report with recommendations for the attention of landlord & tenant. Make any HMRC deduction and provide tenant with NRL8 (if relevant). |
9% + VAT |
10.8% inc VAT |
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Tenancy Renewal Fee |
To include rent review, contract negotiation, amending and updating terms, arranging and executing a further tenancy agreement issuing signed copies to all parties.. |
£150 + VAT |
£180 inc VAT |
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Check Out Fee |
Organise check-out inspection including detailed report with photographs, meter readings, key audit & recommendations. Negotiate with landlord and tenant any disbursements. Unprotect deposit (if originally registered by Sandersons) & allocate deposit monies as agreed by all parties. Remit any disputed amount to Scheme for final adjudication. Note: For Sandersons to organise repairs/replacement of any broken or missing items is subject to an additional administration fee. |
£150 + VAT |
£180 inc VAT |
| Early Tenancy Termination Charge |
Administrative cost when dealing with an early release including all negotiations between landlord and tenant. |
£350 + VAT | £420 inc VAT |
| Tenancy Takeover Charge | Administrative cost when we take over an active tenancy from another agent - to include negotiations, collating all documentation, a compliance check, a property inspection, a rent schedule check, right to rent checks and re register deposit. | £400 + VAT | £480 inc VAT |
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*Student fees may vary Additional optional charges |
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Enhanced photography charge (optional) |
£150 + VAT (£180) |
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Maintenance & compliance management tool subscription: Gives non-managed landlord access to their own online platform for tenant maintenance reporting, audit trail & compliance monitoring. a) Option to give Sandersons short-term management for landlord holiday cover etc |
£180 (£150 + VAT) per tenure. | |
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EPC (if required) |
£75 + VAT (£90) |
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End of year statement for tax (optional) |
£30 + VAT (£36) |
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Rent and legal protection cover for rents up to £2,500pcm |
£36 per month (£30 + VAT) | |
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Overseeing insurance works |
10% plus VAT of invoiced works |
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Overseeing works outside tenancy |
10% plus VAT of invoiced works |
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Void management |
£100 + VAT (£120) per month |
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Registration of deposit for non-managed properties |
£60 + VAT (£72) |
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Negotiation of deposit for Rent Collection services |
£50 per hour plus VAT (£60) |
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| House of Multiple Occupation (HMO) application charge (Council application fee payable separately) | £1,000 + VAT (£1,200) | |
| Dealing with landlord void period utility bills admin charge | £60 + VAT per hour (£72) | |
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Tenant deposit dispute resolution (for ADR) |
£50 per hour plus VAT (£60) |
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Transfer of management administration charge |
£150 + VAT (£180.00) |
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Mid term visit and report (non-managed property) |
£80 plus VAT (£96) |
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Dispute mediation |
£50 per hour plus VAT (£60) |
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Chasing late rent for non-managed property |
£50 per hour plus VAT (£60) |
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Serving appropriate Section 21 notice |
£150 plus VAT (£180) |
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Serving Section 8 notice |
£150 plus VAT (£180) |
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Serving Section 13 notice |
£100 plus VAT (£120) |
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Serving Abandonment notice |
£95 plus VAT (£114) (Includes visit to the property) |
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Sale of property to tenant introduced by Sandersons |
1% of sale price + VAT |
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Landlord withdrawing from let after offer accepted |
£350 + VAT (£420) or 2 weeks rent + VAT (the greater) |
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Keybox (supplied & installed) |
£35 (inc VAT) |
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Key cutting service |
£3.00 + VAT (£3.60) + cost of cutting keys |
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| Topping up pre-payment meters | £50 + vat per hour (£60) + travel + cost of the top up. | |
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Commission for taking payment by credit card |
3% + VAT |
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Purchase administration fee (buying goods on behalf of client) |
10% + VAT of cost of goods purchased. Minimum £5.00 | |
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