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 upfront 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 Upfront 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.