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Landlord letting charges

 

Please find below a schedule of our landlord fees. Please do not hesitate to contact your local office if you have any queries

Market appraisal

Initial FREE market appraisal with advice on current market, refurbishment, compliance, provisions & letting consents.

FREE

FREE

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

Tenancy Execution Fee

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

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

Deposit Registration Fee

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

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

Rent Collection Service

Collect and remit the monthly rent received. Prepare and submit monthly statements.

7% + VAT

8.4% inc VAT

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

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

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

*Student fees may vary

Additional optional charges

Enhanced photography charge (optional)

 

£150 + VAT (£180)

EPC (if required)

 

£75 + VAT (£90)

End of year statement for tax (optional)

 

£30 + VAT (£36)

Rent and legal protection cover (rent up to £700pcm) 

 

£18 per month (£15 + VAT)

Rent and legal protection cover (rent £701pcm - £1000pcm) 

 

£21 per month (£17.50 + VAT)

Rent and legal protection cover (rent £1,001pcm - £1,350pcm) 

  £24 per month (£20 + VAT)

Rent and legal protection cover (rent £1,351pcm - £2,000pcm) 

  £30 per month (£25 + VAT)

Rent and legal protection cover (rent £2,001pcm - £2,500pcm) 

  £36 per month (£30 + VAT)

NEW policies from 01/06/2020 

  3% + VAT of monthly rent
(Price increase imposed by insurers due to increased levels of risk & claims post Covid-19)
     

Overseeing insurance works

 

10% plus VAT of invoiced works

Overseeing works outside tenancy

 

10% plus VAT of invoiced works

Void management 

 

£100 + VAT (£120) per month

Registration of deposit for non-managed properties

 

£60 + VAT (£72)

Negotiation of deposit for Rent Collection services

 

£50 per hour plus VAT (£60)

Tenant deposit dispute resolution (for ADR)

 

£50 per hour plus VAT (£60)

Transfer of management administration charge

 

£150 + VAT (£180.00)

Mid term visit and report (non-managed property)

 

£80 plus VAT (£96)

Dispute mediation

 

£50 per hour plus VAT (£60)

Chasing late rent for non-managed property

 

£50 per hour plus VAT (£60)

Serving appropriate Section 21 notice

 

£150 plus VAT (£180)

Serving Section 8 notice

 

£150 plus VAT (£180)

Serving Section 13 notice

 

£100 plus VAT (£120)

Serving Abandonment notice

 

£95 plus VAT (£114) (Includes visit to the property)

Sale of property to tenant introduced by Sandersons

 

1% of sale price + VAT

Landlord withdrawing from let after offer accepted

 

£350 + VAT (£420) or 2 weeks rent + VAT (the greater)

Keybox (supplied & installed)

£35 (inc VAT)

Key cutting service

 

£3.00 + VAT (£3.60) + cost of cutting keys

Commission for taking payment by credit card

 

3% + VAT 

Purchase administration fee (buying goods on behalf of client)

    10% + VAT of cost of goods purchased. Minimum £5.00

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