DAVID WATKINS PROPERTY BROKERS

Landlord Fees

LANDLORDS FEE STRUCTURE FOR RESIDENTIAL LETTINGS SERVICES DAVID WATKINS & Co

Standard Managed Rent Collection and Tenant find service level
8% Plus Vat / 9.6 % Inc Vat up to 12 % Plus Vat / 14.4 % Inc Vat Payable monthly and deducted from the monthly rent. Fees charge will vary on a sliding scale and are dependent upon the size and condition of each individual property in question. Agreed fees including Vat @ 20 % shall be confirmed in our Terms and Conditions

*No interest is payable to the landlord on rent received or deposits protected

David Watkins & Co are currently registered members of :
• The Property Ombudsman (TPO) Membership Number: DO1742
• The Information Commissioners Office Membership Number: ZA236051
• The Deposit Protection Service (The DPS Custodial Scheme) Agent ID: 1127118
• Money Shield Client Money Protection Membership Number: 57839660
• HMRC MRL Supervision (Anti Money Laundering) Registration number: XVML 00000144645
• HMRC Non – Resident Landlord Registration number: NA0 39401

New Tenancy Landlord administration fee £180.00 plus Vat / £216.00 Inc Vat Includes the following services:
• Credit search(es) Trans Union £0.00
• Employers referencing HR Department £0.00
• Landlord reference £0.00
• Right to Rent Checks £0.00
• Identification check £0.00 Current valid passport / Visa where required / recent utility bill (No older3 Months)
• Sight of most recent bank statements three months £0.00
• Affordability check including last six months’ pay slips £0.00
• Assured Shorthold tenancy agreement £0.00
• Guarantors agreement (where applicable) £0.00
• Collection of 5-week security deposit & making payment to the Deposit Protection Scheme
(Custodial)at the commencement of the tenancy £0.00
• Arranging for service contractors’ access and repairs £0.00
• Cost of service supply for any agreed repairing works to be deducted from the monthly rent
• Renewal of existing Assured Shorthold tenancy agreement for a further term £0.00

ADDITIONAL SERVICE COSTS CHARGED TO LANDLORD
• Gas Safety inspection of all gas appliances annually including certificate Guide £75.00 No Vat or £84.00 Inc Vat (Charge variation dependent upon availability of our panel of Gas Safe Engineers
• Electrical Installation Condition Report (EICR). New laws in England now apply to all electrical installations for Private rented accommodation as at 1 June 2020. Any Assured Shorthold tenancy agreement commenced from 1 July 2020 require an EICR report to be produced prior to the tenancy commencing and a copy provided to the tenant. This report will have longevity for five years, and must be conducted by a qualified and registered electrician. Any existing tenancy agreement whether Assured Shorthold or Contractual Periodic tenancy created before 1 July 2020 must have the EICR report completed before 1 April 2021, and a copy of the report provided to the tenant. Prices will vary and are dependent upon the size of the property, and how many circuits need testing off the consumer board. Average current cost for a two – bedroom apartment with a modern wiring installation is £180.00 with No Vat charged by our qualified electrician. A guide price will be confirmed in our Terms and Conditions
• Pre-Tenancy Professional cleaning costs to be confirmed in our Terms and conditions prior to the independent cleaning contractor being instructed
• EPC Certificate where applicable £50.00 including lodgement fee

Independent Inventory clerk charges guide 2020

Inventory:
incl. hall, bath, kitchen, sitting, bedroom and stairs
furnished +10%
Unfurnished Inventory
furnished +10%
Check in or Check out
furnished +10%
1 bedroom/studio £120 £120
2 bedroom £130 £130
3 bedroom £145 £140
4 bedroom £165 £160
5 bedroom £180 £180
6 bedroom £200 £195

Add £10.00 for each additional room/bathroom/garden/garage

• Independent Inventory clerk Cost of Inventory make
• Independent Inventory clerk Cost of check in
• Independent Inventory clerk Cost of check out
Please note prices are dependent upon the size and style of each property in question. Please contact us for further information. Average check in costs for a 1 bedroom flat with 1 kitchen, I living room, and 1 bathroom are approximately £130.00 ranging up to £200.00 for a 6-bedroom house with 2 receptions rooms, 1 bathroom. £10.00 is added for each additional room or bathroom. No Vat is charged by the Independent inventory clerk that we currently use.
• A reduced charge will be applied if the make and check in are conducted on the same day
• A Full scale of Independent Inventory clerk’s fees will be confirmed in our Terms & Conditions