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WELCOME TO SLADES LETTINGS & MANAGEMENT

A member of the G.L.M - Guild of Letting & Management and the Ombudsman for letting agents

Right Move
On the Market

looking to take time off paying your mortgage?

Perhaps not yet ready to sell an inherited property?

looking to use your property to cover residential care fees?

Need a quality tenant for your hard earned investment property/properties?

Slades Estate Agency offer residential let and management packages to suit most circumstances and most pockets

We fully understand and embrace the value of hard work, customer care and good old fashioned integrity and support this ethos by employing relevant modern technology to get the job done and protect our client’s interests.

We work hard to form enduring relationships between Landlord and Tenant to ensure your let stands the greatest chance of running smoothly.

We focus on quality and not quantity lets which allows us to form a great rapport with both  Landlords and equally as important Tenants to give all parties the greatest chance of achieving a successful, painless let.

Our relationships stand the test of time as proven by the loyalty of our current portfolio of satisfied Landlords and Tenants.

LANDLORD & TENANT FEES - From 27/05/2019

LANDLORD
All Percentage charges will be dependent on amount of monthly rent

TENANT INTRODUCTION
From 7% plus vat (8.4% incl.vat) to 9% plus vat (10.8% incl. vat) of the yearly rent.
To be paid at point of tenancy start

Renewals (assuming agreement by both Landlord/s & tenant/s to a further let period.
Year 2. 1% plus vat discount from year 1 fee (1.20% incl.vat)

Additional fees
Property inspections - £75.00 plus vat = £90.00
To provide DPS (Deposit protection service) with copy paperwork - £50.00 plus vat = £60.00
To supply copy documents for a court application - £100.00 plus vat = £120
Court attendance - £50.00 plus vat per hour = £60.00 per hour. In the unfortunate event of Slades Estate Agency being required to attend court on a Landlord’s behalf in relation to such issues as tenant eviction or otherwise
Administration and liasing with refurbishment works over £500.00 - 10% plus vat = 12% of the works cost

TENANT INTRODUCTION WITH RENT COLLECTION (Agent responsible for collecting rent)
From 8% plus vat (9.6% incl. vat) up to 10% plus vat (12% incl.vat) of the yearly rent
Fee to be taken monthly from monthly rent

Renewals.
Year 2 onwards. 1% plus vat discount from year 1 fee (1.20% incl.vat)

Additional fees
As with tenant introduction.

FULLY MANAGED (Agent to handle all aspects of day to day management of let property)
From 10% plus vat (12% incl.vat) up to 13% plus vat (15.5% incl.vat) of the yearly rent
Fee to be taken monthly from monthly rent
Renewals
Continuation of year 1 fee

Additional fees
2 free property inspections and if any more requested - £75.00 plus vat = £90.00 per inspection
Registration of tenant security deposit with ‘My Deposits’ held by agent in this Insurance backed deposit scheme (mandatory requirement) - £40.00 plus vat = £48.00
To supply copy documents for court attendance - £75.00 plus vat = £90.00
Court attendance - £50.00 plus vat per hour = £60.00 per hour as set out in the tenant introduction fees above.

FURTHER LANDLORD FEES ACROSS ALL THREE TIERS OF SERVICE AVAILABLE

Referencing. Optional, although generally required to allow a Landlord the option of purchasing a ‘Rent Guarantee’ scheme either via referencing agency or independently sourced via the internet.
This reference fee also includes the cost of the mandatory ‘Right to rent’ legal requirement.£90.00 plus vat (108.00 per reference)
Right to Rent requirement if Landlord does not wish for references to take place- £20.00 plus vat (£24.00 inclusive) or cost included within reference fee.
Legionella Risk assessment - £85.00 plus vat = £102.00 (2 yearly requirement)
Yearly Landlords gas safety certificate – (Mandatory requirement) cost dependent on number of appliances to be tested but normally ranging from £58.00 plus vat = £69.60 up to £75.00 plus vat = £90.00
Fitting of smoke and carbon monoxide detectors if missing to meet mandatory safeguarding requirements £25.00 plus vat for each detector = £30.00 including vat
Inventory preparation – Ranging from £85.00 plus vat = £102.00 up to £160.00 plus vat = £192.00
(Non mandatory but always highly recommended to reduce the chance of a deposit dispute at tenancy end)
Cost Dependent upon size of property and whether furnished or un-furnished with fees ranging from £85.00 plus vat = £102.00 up to £160.00 plus vat = £192.00
Energy Performance Certificate - £50.00 plus vat = £60.00 (valid for 10 years) Mandatory requirement.
Electrical inspection for certification and P.A.T (portable appliance) testing – Dependent on work required to bring to safeguarding level and also dependent on number of electrical appliances.
Please contact us for more information relating to Electrical testing & safeguarding. Non mandatory.

TENANT FEES
Holding deposit – equivalent of 1 weeks rent – example: rent of £1000.00 per calendar month would equal £230.00 holding deposit
Security deposit – Equivalent of 5 weeks rent for yearly rents of less than £50,000 or the equivalent of 6 weeks rent for properties with a yearly rents in excess of £50,000.
Example £1000.00 per calendar month rent = £1,154.00 security deposit
Rent arrears - chasing if rent remains unpaid after 14 days from date of agreed rent payment. Based on 3% of the monthly rental charge above Bank of England base rate. Example: Bank of England base rate 0.5% will mean a charge of 3.5% of monthly rent for chasing arrears
Example – monthly rent of £1000.00 would equal a fee of £35.00 per letter or email required until rent settled
Changes to tenancy agreement at request of tenant - £50.00 including vat for each request change ;
Key and security fob replacement costs – dependent on cost of individual item replacement.

REDRESS SCHEMES
Slades Estate Agency is a member of the Property Ombudsman redress scheme for letting agents

MONEY PROTECTION SCHEME
Slades Estate Agency are registered members of the following money protection schemes.We are members of Client Money Protect. Click here to view our membership certificate

 

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SLADES……..AT HOME WITH THE NAME YOU CAN TRUST

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