O’Riordan Bond Landlord Fees
FULLY MANAGED SERVICE:
SET UP FEE: 50% of the first months rent + VAT (60% inclusive of VAT), subject to a minimum fee of £400 + VAT (£480 inclusive of VAT)
MONTHLY FEES: 12% + VAT (14.4% inclusive of VAT) of monthly rental achieved
Service includes:-
- Agree the market rent and find a tenant in accordance with the landlord’s guidelines
- Provide guidance on compliance with statutory provisions and letting consents
- Advise on non-resident tax status and HMRC
- Market the property and advertise on relevant portals
- Qualify prospective tenants – taking up full references
- Accompanied viewings
- Preparation of the tenancy agreement
- Collect and remit the monthly rent received
- Collect and registered the Deposit with a Government authorised scheme
- Pursue non-payment of rent and provide advice on rent arrears actions
- Advise all relevant utility providers of changes at the beginning of a new tenancy
- Undertake periodic inspections
- Arrange routine repairs and instruct approved contractors
- Arrange Annual Gas Safety Certificate
- Make any HMRC deduction and provide tenancy with NRL8 (if relevant)
- Submission of non-resident landlords receipts to HMRC
- Rent review – Tenancy Renewal
- Checkout and Deposit Disputes
Renewal Fee – £180 inclusive of VAT
Deposit registrations fee for My Deposits- £60 inclusive of VAT
Additional property visits – £48 inclusive of VAT
Gas Safety Certificate – £102 inclusive of VAT
Energy Performance Certificate – £120 inclusive of VAT
Court Attendance- £72 inclusive of VAT per hour (min 3hr charge)
LET ONLY SERVICE:
SET UP FEE: 75% of the first months’ rent + VAT (90% inclusive of VAT), subject to a minimum charge of £650 + VAT (£780 inclusive of VAT)
Service includes:-
- Agree the market rent and find a tenant in accordance with the landlord’s guidelines
- Provide guidance on compliance with statutory provisions and letting consents
- Advice on non-resident tax status and HMRC
- Market the property and advertise on relevant portals
- Qualify prospective tenants – taking up full references
- Accompanied viewings
- Preparation of initial tenancy agreement
- Collect and remit initial months’ rent received
- Collect and remit security deposit received
Inventory Fee
1 bedroom – £144 inclusive of VAT
2 bedroom – £168 inclusive of VAT
3 bedroom – £216 inclusive of VAT
4 bedroom – £288 inclusive of VAT
Renewal Fee
Serving a Section 48 £60.00 inclusive of VAT
Withdrawal fee 50% of the first months rent +VAT (60% inc. VAT)
Let Only Contract Renewal £360 inclusive of VAT
If the agreement is terminated by the landlord after a tenant application has been submitted but before the tenancy has started
RENT COLLECTION SERVICE:
This service is under the same terms as our Let Only service but includes monthly rent collection, processing and arrears chasing.
SET UP FEE: 75% of the first months’ rent + VAT (90% inclusive of VAT), subject to a minimum charge of £650 + VAT (£780 inclusive of VAT)
RENT COLLECTION MANAGEMENT FEES: 8% + VAT (9.6% inclusive of VAT) of monthly rental achieved
For any queries with regard to the services of O’Riordan Bond then please email marketing@oriordanbond.co.uk
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