Fees to: landlords

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Tenant Find
Collect and remit initial months’ rent
received

Agree collection of any shortfall and
payment method

Provide tenant with method of
payment

Deduct any pre-tenancy invoices

Advise all relevant utility providers of
changes
0%+ VAT
Rent Collection
Collect and remit the monthly rent
received

Deduct commission and other works

Pursue non-payment of rent and
provide advice on rent arrears action

Advise all relevant utility providers of
changes
8%+ VAT
Fully Managed
Collect and remit the monthly rent
received

Pursue non-payment of rent and
provide advice on rent arrears actions

Deduct commission and other works

Advise all relevant utility providers of
changes

Arrange routine repairs and instruct
approved contractors (providing two
quotes)

Hold keys throughout the tenancy
term

Make any HMRC deduction and
provide tenant with the NRL8 (if
relevant)
14.4%+ VAT

SET UP FEES AND INVENTORY CHARGES

Setup Fee - 90% INC VAT of the first months rent subject to a minimum of £594 INC VAT (this is based on the let only service and is the maximum that we charge. The rent collection and fully managed option has lower set up costs)

  • Agree the market rent and find a tenant in accordance with the landlord guidelines;
  • Advise on refurbishment
  • Provide guidance on compliance with statutory provisions and letting consents
  • Carry out accompanied viewings (as appropriate)
  • Market the property and advertise on relevant portals
  • Erect board outside property in accordance with Town and Country Planning Act 1990
  • Advise on non-resident tax status and HMRC (if relevant)

Inventory Fee (landlords share) £174 INC VAT

ADDITIONAL NON-OPTIONAL FEES FOR FULLY MANAGED AND RENT COLLECTION

Deposit Registration Fee: £48 (inc VAT)

  • Register landlord and tenant details and protect the 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

Interim property visits: £126 (inc VAT)

  • Undertake inspection visit and notify landlord of the outcome

Arrangement fee for refurbishments 12% of net cost

  • 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

Renewal Fee £126 (inc VAT)

  • Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

Statutory Periodic Administration Fee £25 (Inc Vat)

Checkout Fee £126 (inc VAT)

  • Agree with tenant check out date and time appointment
  • Instruct inventory provider to attend
  • 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

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF

Fees

Prividing Peace of Mind

An ARLA licensed member
Concetric is an ARLA licensed member: www.arla.co.uk
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Client Money Protection
Client money protection (cmp) provided by: ARLA
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Independent redress
Independent redress provided by: tpos
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Concentric Sales & Lettings Head Office: 7 Newton Court, Pendeford Business Park, Wolverhampton, WV9 5HB. 
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