LANDLORDS FEES & BREAKDOWN OF SERVICE

 

TENANT FIND ONLY

IPS will:

  • Market your property
  • Introduce a prospective Tenant
  • Instruct a recognised referencing agency to carry out reference and/or credit checks
  • Prepare the Assured Shorthold Tenancy Agreement
  • Prepare the Inventory
  • Collect the first months rent and deposit
  • Check the Tenant in and agree the Inventory
  • Take meter readings
  • Advise the Utility companies and Council Tax office of the Tenant’s details
  • Arrange for future payment of rent directly to the Landlord
  • Register the deposit with the TDS
  • Fee: One months rent inclusive of VAT 

 

LET ONLY

IPS will:

  • Market your property
  • Introduce a prospective Tenant
  • Instruct a recognised referencing agency to carry out reference and/or credit checks
  • Prepare the Assured Shorthold Tenancy Agreement
  • Prepare the Inventory
  • Collect the first months rent and deposit
  • Check the Tenant in and agree the Inventory
  • Take meter readings
  • Advise the Utility companies and Council Tax office of the Tenant’s details
  • Arrange for future payment of rent directly to the Landlord
  • Approximately two months before the Agreement expires contact the Landlord and the Tenant to ascertain whether the parties wish to renew or if notice is to be given.
  • If a renewal is to go ahead, we shall prepare the new Tenancy Agreement or if not deal with notice requirements
  • Check the Tenant out.
  • Register The deposit with the TDS
  • Fee: 8% of each months rent plus VAT (9.6% Inc VAT) payable in advance every six months (with a pro-rata refund if the Tenant leaves early)

 

MANAGEMENT WITH RENT COLLECTION

IPS WILL: 

  • Market your property
  • Introduce a prospective Tenant
  • Instruct a recognised referencing agency to carry out reference and/or credit checks
  • Prepare the Assured Shorthold Tenancy Agreement
  • Prepare the Inventory
  • Collect the first months rent and deposit
  • Check the Tenant in and agree the Inventory
  • Take meter readings
  • Advise the Utility companies and Council Tax office of the Tenant’s details
  • Collect the monthly rent
  • Be the Tenant’s first point of contact during the tenancy
  • Transfer the rent less any fees or expenses electronically to the Landlord’s nominated bank account
  • Send you a statement and invoice monthly
  • Approximately two months before the Agreement expires contact the Landlord and the Tenant to ascertain whether the parties wish to renew or if notice is to be given.
  • If a renewal is to go ahead, we shall prepare the new Tenancy Agreement or if not deal with notice requirements
  • Check the Tenant out.
  • Register the deposit with the TDS
  • Fee: No letting or renewal fees. 9.5% of each months rent plus VAT (11.4% inc VAT)    

  

MANAGEMENT WITH RENT COLLECTION & VISITS

IPS WILL:

  • Market your property
  • Introduce a prospective Tenant
  • Instruct a recognised referencing agency to carry out reference and/or credit checks
  • Prepare the Assured Shorthold Tenancy Agreement
  • Prepare the Inventory
  • Collect the first months rent and deposit
  • Check the Tenant in and agree the Inventory
  • Take meter readings
  • Advise the Utility companies and Council Tax office of the Tenant’s details
  • Collect the monthly rent
  • Be the Tenant’s first point of contact during the tenancy
  • Transfer the rent less any fees or expenses electronically to the Landlord’s nominated bank account
  • Send you a statement and invoice monthly
  • Visit the property approximately every 4 months
  • Approximately two months before the Agreement expires contact the Landlord and the Tenant to ascertain whether the parties wish to renew or if notice is to be given.
  • If a renewal is to go ahead, we shall prepare the new Tenancy Agreement or if not deal with notice requirements
  • Check the Tenant out.
  • Register the deposit with the TDS
  • Fee: No letting or renewal fees. 11% of each months rent plus VAT (13.2% inc VAT)

 

 

 

PROSPECTIVE TENANTS FEES 

APPLICATION A non-returnable referencing and administration fee is payable of £200.00 + VAT (£240.00 inc VAT) for the first applicant and £150.00 + VAT (£180.00 inc VAT) for each additional applicant.

GUARANTOR APPLICATION A non-returnable reference and administration fee is payable of £150.00 + VAT (£180.00 inc VAT) if a guarantor is required or is recommended by the referencing agency.

COMPANY APPLICATIONSA non-returnable fee of £250.00 + VAT (£300.00 inc VAT) is payable in respect of company applications for tenancy. 

RENEWAL If after the initial tenancy term you wish to enter into a new tenancy agreement, then a renewal fee of £35 + vat (£42 inc VAT) will be payable to IPS

EARLY RELEASE FEE: In the event that a tenant wants to terminate the tenancy priory to any formal notice period and subject to the landlords agreement then IPS will Charge you £150.00 + VAT (£180.00 inc VAT)

 

 

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