Letting Fees

  • TENANTS
  • LANDLORDS

 

As well as paying the rent, you may also be required to make the following permitted payments.

Before the tenancy starts (payable to Unique Property Company 'the Agent')

Holding Deposit: 1 week's rent

Deposit: 5 weeks' rent for tenancies under £50,000 per annum and 6 weeks' rent for tenancies over £50,000 per annum

During the tenancy (payable to the Agent and or the Landlord)

Rent 

  1. A refundable Tenancy Deposit (capped at five weeks rent for rent not exceeding £50,000 per annum or six week’s rent if greater) 
  2. A refundable Holding Deposit to reserve a property (capped at one week’s rent) 
  3. Novation, Variation of Assignment of Contract capped at up to £50 including VAT (or agents reasonable cost incurred if higher (which must be evidenced) 
  4. Surrender of Tenancy (covering the landlord’s costs in reletting the property, all rent outstanding until a new tenant is found (up to the maximum outstanding rent on the tenancy) 
  5. Default Fees (lost keys or other respective security devices; late rent payment after 14 days rent was overdue capped at 3% above the Bank of England Base Rate (currently at 0.75%) 
  6. Utilities (water, gas or other fuel, electricity, sewerage); Communication Services (phones other than mobile phones, Internet, Satellite television); Council Tax; Green Deal charge (or any subsequent energy efficiency scheme
  7. Payment of £50 (incl) VAT for any replacement tenant swap permitted by the Landlord 

Any other permitted payments, not included above, under the relevant legislation including contractual damages.

Unique Property Company is a member of Money Shield, which is a client money protection scheme, and also a member of PRS (Property Redress Scheme). You can find out more details on the agent s website or by contacting the agent directly. We are also members of ARLA Propertymark. 

 

See the links below to our affiliations:
http://www.arla.co.uk
https://money-shield.co.uk
https://www.theprs.co.uk/

Fees

At Unique Property Company we believe in complete transparency as well as adhering to the Consumer Protection Regulations and The Property Ombudsman codes of practice.

We encourage our clients to opt for our Rent & Legal Assist Service or our Full Management Service, especially as the legal landscape is constantly changing, making it harder to keep up to date and compliant. Having said that, we will always create a package that is right for you.

Here is a list of our fees. You will notice that fees do come with VAT but that one fee covers the whole tenancy set up:

Let only service 9.6% including VAT sole agency / 12% including VAT multi-agency instructions

Here’s what you get:

  1. Full marketing package that includes professional imagery, a lifestyle driven write-up, room measurements and floor plans
  2. Advertising on Rightmove, Zoopla, OnTheMarket, Boomin, our own site and additional blogs and exposure on social media platforms for maximum exposure
  3. Pre-tenancy checking and setting up the tenancy ensuring you are compliant with legislation
  4. Arranging and advising on any and all works required prior to the commencement of the tenancy (including organising contractors)
  5. Proactive calls to all registered applicants to generate further activity and tenant matching
  6. Viewings conducted by a skilled professional that knows your property intimately
  7. Follow up and regular feedback on viewings
    Negotiation and agreeing on the best tenant for the best rent in a timescale that suits you
  8. Drafting, negotiating, and agreeing specific clauses where necessary to go into your tenancy agreement
  9. Ensuring on the tenancy sign up paperwork is in place as per the Deregulation Act 2015
  10. Taking the initial move in monies and ensuring tenants’ standing orders are in place
  11. Registration and signing of the deposit through a government-approved scheme (TDS) and notifying the tenant


Rent Collection & Legal Guidance Service
12% including VAT (sole agency) / 14.4% including VAT (multi-agency)

This includes everything listed for our Let Only Service and the following:

  1. Collecting and processing the rent
  2. Accounting to you monthly including statements
  3. Providing you with an Annual Statement Pack at the end of the Financial Tax Year
  4. Recommendations of contractors and liaising with you on paying invoices via the rent
  5. Rent reviews and tenancy negotiations
  6. Chasing arrears and serving the statutory correspondences
  7. Finalising the end of tenancy, ensuring the tenant is checked out and the property is returned to its original condition allowing fair wear and tear
  8. Negotiating the deposit release
  9. Serving the relevant section notices to regain possession

(Please note that, with a Rent Collection Service, we cannot confirm, should we need to in court, that you have honoured your statutory repairing obligation therefore you must ensure you have the sufficient evidence for us to assist you with your claim)


Fully Managed Fee
15.6% including VAT (sole agency) or 19.2% including VAT (multi-agency)

This includes everything listed for our Let Only service and Rent & Legal Assist Service and the following:

  1. The main contact between landlord and tenant
  2. Collecting and processing the rent
  3. Accounting to you monthly including statements
  4. Organising maintenance and repair work giving you the choice of either using one of our vetted and recommended contractors or your own contractor (who must have the necessary indemnity and liability insurances in place
  5. Routine visits twice a year with the first being on month three
    Annual gas safety organisation and serving the relevant certificate to the tenants
  6. Rent review and tenancy negotiations
  7. Chasing arrears and serving the statutory correspondences
  8. Serving the relevant section notices to regain possession
  9. Finalising the end of tenancy, ensuring the tenant is checked out and the property is returned to its original condition allowing fair wear and tear.
  10. Negotiating the deposit release


Tenancy Renewal Fee

In our Rent Collection and fully managed services, any renewal fees are incorporated in the original fee.

  1. Inviting both landlord and tenant to renew
  2. Negotiating the term
  3. Negotiating the rent
  4. Negotiating any additional special condition clauses
  5. Drafting of the new agreement
  6. Arranging the signing of the new agreement for both parties so that a new term is entered in to

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