LETTINGS ONLY SERVICE
- Rental valuation
- Extensive Marketing of your property
- Staff accompanied viewings
- Negotiate terms between you & prospective tenants. Landlord and Tenant meetings can be arranged
- Financial & Suitability References taken, checked and approved by you
Each office has a full time administrator solely dedicated to processing every tenancy
- Monies collected, including First Month’s Rent and Security Deposit
- Statement prepared and submitted with payment to you on move-in
Letting Fee based on 12 Months initial period of agreement= 11% (13.2% incl VAT)
Rent Review Fee based on second 12-month period and
for every subsequent 12-month period or part thereof= 11% (13.2% incl VAT)
Tenancy Agreement Fees
Written Statement & Tenancy Agreement Assured Periodic Tenancy= £360
Landlord Referencing Fee - tenant referencing collection and suitability
of work/university, bank, previous landlord and guarantor where
required. (No additional charge for referencing guarantors)
= £66 per tenant
Right to Rent Fees – Statutory obligatory check prior to tenant
being handed keys on move-in= £42 per tenant
Sanctions Check Fee – Statutory obligatory check = £15.30 per tenant
All fees unless otherwise stated are inclusive of VAT
LETTING & PROPERTY MANAGEMNT SERVICE
Letting Only Service above “plus”:
- Dedicated Property Manager
- Landlord Portal giving instant access to all documents
- Fully vetted contractors at competitive rates
- 24 hour Emergency Maintenance Repairs
- Inventory Check In and Check Out *
- Dedicated Finance Manager dealing with Rent Collections and Arrears
- Collection of Rents and processed to your account within 3 working days
- Rent Arrears Chasing System with less than 1% of rents in arrears
- Monthly Statements with Income & Expenditure to assist with Tax Reporting
Our fees for the Letting and Property Management = 6% (7.2% incl VAT) gross monthly rent
Plus: Annual Lettings Only Service = as above
* In-going and out-going inventories are the financial responsibility of the Landlord
LETTING & RENT MANAGEMENT SERVICE
Letting Only Service above “plus”:
- Dedicated Finance Manager dealing with Rent Collections and Arrears
- Collection of Rents and processed to your account within 3 working days
- Rent Arrears Chasing System with less than 1% of rents in arrears
- Monthly Statements with Income & Expenditure to assist with Tax reporting
- Landlord Portal giving instant access to all documents
- Optional Inventory Check In and Check Out *
Our fees for the Letting and Rental Management = 3% (3.6% incl VAT) gross monthly rent
Plus: Annual Lettings Only Service = as above
* In-going and out-going inventories are the financial responsibility of the Landlord
RENT REVIEW FEES: ASSURED PERIODIC TENANCY (APT) ROLL-ON FEES: YEAR 2 ONWARDS
Rent review fees are fair and active.
- Fair - Our Terms and Conditions have been developed to be fair to all parties. If the tenant leaves early we provide you with a refund and if the tenant stays on, you provide us with a fee.
- Active - Actively persuading tenants to stay and actively negotiate the best terms for you.
Rent Review Fee – Roll-On Fees = 11 % (13.2% incl VAT)
After initial 12 months and for each subsequent year's continuation
The Rent Review Fee applies should the tenants, their family, friends or associates continue the lease on the property after the initial 12 months Protected Period.
Rent Review Administration Fee
Section 13 Notice Form 4A + Addendum to Contract + Sanction Checking = £360
All fees unless otherwise stated are inclusive of VAT.
Other Fees
Arrangement Fee Let Only – Where we organize Repairs and/or,
Gas Certificates Energy Performance Certificate (EPC),
Electrical Installation Condition Report (EICR),
Inventory Check-In/Out, any other work arrangement
request
= £36 per item
Carbon Monoxide Alarm Property Management = £30 per alarm
Carbon Monoxide Alarm Property Management Installation = £72 per alarm
Change of Tenant
Referencing = £66 per tenant
Right to Rent = £42 per tenant
Deed of Assignment = £60
Cleaning (specific quote will be provided) = from £249
Court Attendance Property Management charged per day or part thereof = £360
Deposit Protection Year 1 Registration Property Management = £120
Deposit Protection administration on any amendment Property Management = £60
Electrical Inspection Condition Report (EICR) Property Management = £180
Energy Performance Certificate (EPC) Property Management= £90
Fire Blanket Property Management = £50
Gas Safe Certificate (GSC) Property Management = £99
HMRC Return Property Management for Non-Resident Landlords
without NRL approval codes = £60 per quarter
Income and Expenditure Annual Report Property Management = £30
Inspections Property Management
- First Inspection at 6 month point= Free
- Additional inspections = £72 per inspection
Inventory Property Management Check-in= from £110 (specific quote provided)
Inventory Property Management Check-out= from £110 (specific quote provided)
License Application Service Property Management = £300
MR2 Form, if required, for First-tier Tribunal= £60
Necessary Works Discretionary Allowance Property Management £650.
This means that if necessary works are required on the property and the
cost is £650 or less, and we are unable to contact you, we will
proceed with arranging the works.
Referral Fees Property Management: Our vetted contractors may pay a
referral fee to Black Katz. The fee paid will be included within the contractor’s
invoice and could be up to 20.4% of the total invoice amount depending on the
service, the details of which are available on request.
This does not affect the final amount you pay. = up to 20.4%
Rent Guarantee Insurance Service (please ask for an exact quote)= from £404
Section 8 Notice to Quit = £240
Smoke Alarm Property Management= £30 per alarm
Smoke Alarm Property Management Installation= £72 per alarm
Statements Property Management sent on a monthly basis = Free
Statements Property Management Additional copies = £6 per sheet
All fees unless otherwise stated are inclusive of VAT.
