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 plus 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: 10% of each months rent plus 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. 12.5% of each months rent plus 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. 15% of each months rent plus VAT 

 

 

PROSPECTIVE TENANTS FEES 

HOLDING DEPOSIT A refundable holding deposit to reserve the property, capped at one weeks rent (Condition’s as per Tenants Fee Ban Act 2019)

COMPANY APPLICATIONS A non-returnable fee of £250.00 + VAT is payable in respect of company applications.

DEPOSIT We require 5 weeks rent to be held as a deposit.  This is returnable at the end of the tenancy provided the terms of the Tenancy Agreement have been complied with. 

CHANGES TO TENANCY During the tenancy, should a tenant request a change (for example change of name, tenant, etc) then this will be charged at £50 (inc VAT) per change.

TENANT REFERENCE REQUEST   Should a tenant require IPS to provide a landlord’s reference, then this will be charged at £50 + VAT per tenant.

EARLY RELEASE FEE Should a tenant request to terminate their tenancy (outside of the allowed tenancy period) and with the landlord’s agreement then IPS will charge £150 + VAT per property. 

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