Savoy Property Consultants landlord fees
Let only 8% plus VAT or 9.6% including VAT
This is our standard service for finding you a fantastic tenant and the fee is payable in full upon the commencement of the tenancy for your property and is calculated on the length of the fixed term tenancy.
For this we will ensure that a high-quality tenant is secured for your rental property as quickly as possible. The minimum letting fee is £720 inc VAT per annum (£600 plus VAT). Renewal tenancies (either fixed term or periodic) to the same tenant introduced by Savoy Property Consultants are charged at the reduced rate of 5% plus VAT (6% inc VAT).
- 1 week holding deposit to secure the property
- We are a member of the following redress scheme – PRS
- We are member of the following client money protection scheme – UKALA
Let only service includes
Market appraisal, photography and marketing of your property
Accompanied viewings with regular feedback
Reference checking
Tenancy agreement
Collection of tenants deposit and registration
Annual rent statement
Rent Collection 10% plus VAT or 12% including VAT
In addition to all of the care we take under our Let Only Service, our Rent Collection Service is designed, not only to find you a great tenant, but also to cover every aspect of the financial process.
The fees are deducted from the rent collected which gives a boost to your cash flow.
This means that you do not need to keep checking your bank account to see if the rent has been paid, or chase up late payments, send receipts, keep track of statements, bill payments, invoices etc. You will be informed of any rent arrears or breaches of contract brought to our attention.
However, if legal action is required you will be responsible for the fees involved.
Rent collection service includes everything included in our let only service plus the following
Collection of rent on the rent due date
Preparation of monthly and annual rent statements
Management of property utilities
Register your tenants deposit in the DPS or mydeposits.co.uk
Management of rent arrears
Serving statuary legal notices if necessary
Full management Service 12% plus VAT 14.4% including VAT
In addition to everything included in our Let Only and Rent Collection Services, the Management Service is designed to take care of everything required throughout the tenancy so that you can just get on with your busy life, watch the rent come in and know your property is in safe hands.
All Landlords want to achieve the best rental price for their investment property, so, along with finding you reliable tenants, we make this our priority. We will make sure that your property is advertised in the best way possible in order to ensure it receives maximum exposure and the optimum price.
Management service includes everything from our rent collection service plus the following
6 monthly inspections
Arrangement of necessary safety certificates for your property
Arrange check-in check out inventory
Arrange for maintenance works or repairs to be carried out (subject to your approval)
Serving any statutory legal notices
Reviewing rents and renewal of tenancy agreements
Management of tenants deposit release