Property lettings and management services
Lane & Bennetts offer a professional bespoke property Management and Lettings service. We have gathered a wealth of experience covering all aspects and areas of a tenancy. We offer three levels of service from introduction only, through to rent collection and credit control, to the optimum full management service all at competitive fees to our landlords.
Only you know how much time you can spare to deal with your tenants telephone calls and the resulting work. Our comprehensive Property Management service is designed to give you peace of mind and relieve you of the commitment of being a full-time landlord.
In fact, tenants prefer managed property. More and more tenants request managed properties as it allows a more professional service, removing the emotion form both sides.
Our landlords feel happy and reassured that all tenants undergo a rigourous referencing and selection process to ensure we have quality responsible and respectful tenants, with whom we meet with and inspect your property every 12 weeks.
Our fully trained team are highly experienced in prompt rent collection, troubleshooting practical property issues and credit control as well as maintaining proactive relationships with tenants. We also offer a fantastic rent guarantee scheme.
We are proud to adhere to the codes of conduct published by The Property Ombudsman, The National Association of Estate Agents and the governments tenancy deposit scheme as well as links to ARLA. We act for single landlords, investor landlords with multiple properties and corporate lettings to such blu chip companies as Tesco plc, GlaxoSmithKline and leading national and international relocation companies.
Ask us for a free market appraisal and rental valuation and you'll receive a complementary introduction to property management and letting together with a financial and tax guide to investing property. Our valuations take all local benefits into account, whether your property is surrounded by the best parks, restuarants, schools or transport links. Call us today!
LANDLORD FEES, AS AT 27TH SEPTEMBER 2016
FULLY MANAGED 10.8% INCLUSIVE OF VAT
Advertising and generally marketing the Property • Taking up full references using external reference Agency • Organising an inventory and full schedule of condition of the property and check-in • Taking a deposit from the tenant to be held by the Agent until the end of the tenancy • Collecting the rent monthly in advance and paying over to the Landlord along with a monthly statement • Deduct commission and other works • Advising relevant utility companies of changes • Inspections of the Property are carried out on a quarterly basis • Co-ordination of repair or maintenance including arranging for tradesmen to attend • Organising a check-out at the end of the end of the tenancy and dealing with matters relating to unfair wear and tear • Arranging gas and electrical safety checks • Make any HMRC deduction
LET AND RENT COLLECTION 9.6% INCLUSIVE OF VATAdvertising and generally marketing the Property • Taking up full references using external reference Agency • Organising an inventory and full schedule of condition of the property and check-in • Taking a deposit from the tenant to be held by the Agent until the end of the tenancy when the Property and contents have been checked for unfair wear and tear • Collecting the rent monthly in advance and paying over to the Landlord along with a monthly statement • Deduct commission and other works • Advising relevant utility companies of changes • Make any HMRC deduction
INTRODUCTION ONLY. 72% INCLUSIVE OF VAT. OF THE FIRST MONTH RENTAL ONLYINCLUDES: • Advertising and generally marketing the Property • Taking up full references using external reference Agency • Arranging (but not meeting the cost of) an independent inventory and full schedule of condition of the property and check-in. • Advising relevant utility companies of changes • Provide tenant with method of payment • Deduct any pre-tenancy invoices
ADDITIONAL SERVICES AVAILABLEDeposit Registration Fee:£15 (inc VAT) Fully Managed and Rent Collection £55 (inc VAT) Tenant Find • Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme • Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy Additional property visits: £30 (inc VAT) • To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit Arrangement Fee for works over £500: 10% of net cost • Arranging access and assessing costs with contractor; • Ensuring work has been carried out in accordance with the specification of works • Retaining any warranty or guarantee as a result of any works Obtaining more than two contractors quotes £50 (inc VAT) Rent Review Fee £50 (inc VAT) • Review rent in accordance with current prevailing market condition and advise the landlord • Negotiate with tenant • Direct tenant to make payment change as appropriate • Update the tenancy agreement • Serve Section 13 Notice if tenancy is on a rolling monthly basis Issuing Notice of Seeking Possession £60 (inc VAT) • To issue and hand deliver Notice outside the natural expiry of the tenancy Annual rental/expense statement £55 (inc VAT) • To provide statement for Inland Revenue and/or Tax Accountant Cancellation Fee £260 (inc VAT) • In the case of cancellation of letting by Landlord prior to commencement of tenancy. • The Landlord will also be responsible for any costs entered into for the production of an inventory, maintenance, gas and electricity safety inspections and any claims by the proposed tenant incurred due to cancellation Court Attendance £75 (inc VAT) per hour IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF
BEFORE YOU MOVE IN: Set up fee (tenant’s share) £78.00 (inc VAT) PER PERSONReferencing (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability) as well as contract negotiation (amending and agreeing terms). Credit Check only £35.00 (inc VAT) PER PERSON Preparing AST agreement, £95.00 Incl. of VATP Amending terms. Meeting in office, witnessing & engrossment. Company Let/Relocation Agent £330.00 (inc VAT) Contract negotiation (amending and agreeing terms), referencing, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability and arranging the tenancy and agreement Guarantor Fee £90.00 (inc VAT) per guarantor (if required) Covering credit referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement Replacement/Additional Tenants £90.00 (inc VAT) per tenant Processing the application, associated paperwork and referencing
DURING YOUR TENANCY:Renewal Fee (tenant’s share) £72.00 (inc VAT) Contract negotiation, amending and updating terms and arranging a further tenancy and agreement Overdue rent £24.00 (inc VAT) Applied for each letter that Lane & Bennetts Ltd is required to write to chase rental payments. Notice to quit £48.00 (inc VAT) Applied for issuing a Section 8 Notice (i.e. due to arrears of rent) Missed appointments Where Tenants fail to be at home for a pre-arranged maintenance call where they have previously informed us that somebody would be in, the call out charge made by the contractor involved will be past to tenants
ENDING YOUR TENANCY:Check out Fee (tenant’s share) 1 Bedroom £70.00 (inc VAT), 2 Bedroom £90.00 (inc VAT), 3 Bedroom £100.00 (inc VAT), 4 Bedroom £130.00 (inc VAT), 5 Bedroom £160.00 (inc VAT) Attending the property to undertake an updated Schedule of Condition based on the original inventory and negotiating the repayment of the security deposit(s) Early Termination of Tenancy £210.00 (inc VAT) Should tenants need to leave a property prior to the earliest date agreed under the terms of the tenancy. Covering re-advertising of the property. Please note that tenants are also responsible for all other payments (rental and utility bills) until new tenants have taken up occupation or until the original termination date of the agreement, whichever is sooner Change of utility company £36.00 (inc VAT) Applied if a utility company is changed without the agent's knowledge Future Landlord Reference Fee £20.00 (inc VAT) per reference request Collating information and preparing a reference for a future landlord or letting agent * please note that credit card payments incur a 3% additional charge IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF