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, Guild of property professionals, & governed by the OFT, with training approved by the Trading standards office (Cambridge). We act for single landlords, investor landlords with multiple properties and corporate lettings to such blue chip companies as Tesco plc, GlaxoSmithKline, Amazon 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!
Holding deposit - capped at one weeks' rent
Paid by you to reserve the Property. This will only be retained by us if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and/or Deed of Guarantee) within 15 calendar days.
Deposit - capped at 5 weeks' rent where the annual rent is under £50,000 and 6 weeks rent where the annual rent is £50,000 or higher
This will cover damages and defaults by the tenant as detailed in the AST during the tenancy.
Late payment of rent
Interest will be charged at 3% above the Bank of England Base Rate from Rent Due date until paid in full. This will not be levied until the rent is more than 14 days in arrears with the interest calculated back from the first day of the arrears.
Lost keys or security devices
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant.
Variation or changes to an existing tenancy agreement — £50 (inc. VAT) per change
This charge will cover the costs associated with taking landlord's instructions as well as the preparation and execution of new legal documents. This also covers costs in 'change of sharer' situations and covers the landlords costs in securing a new sharing and associated legal requirements in processing that new sharers application.
Early termination as requested by tenant
Should you wish to leave the property before the end of your tenancy agreement, and should the landlord agree to this, then you will be liable to cover the landlord's costs of re-letting the property as well as any rent due under the terms of your tenancy agreement up until the point the replacement tenancy commences.
Tenants will remain responsible, unless agreed otherwise, for all utility payments, TV licence and Council Tax accounts. Please refer to your AST for full information.
Independent Redress and Client Money Protection provided by NALS (The National Approved Lettings scheme)
Fully Managed - 12% inclusive of VAT (10% + VAT)
Let and rent collection - 10.8% inclusive of VAT (9% + VAT)
Introduction only - 78% inclusive of VAT of the first month rental only (65% + VAT)
Inventory and check-in fee - dependent on the number of bedrooms and/or size of the property and outbuildings
Deposit Registration Fee - £18 inc. VAT (£15 + VAT) fully Managed and rent collection; £72 inc. VAT (£60 + VAT) tenant find only
Additional property visits - £48 inc. VAT (£40 + VAT)
Arrangement fee for works over £500 - 10% of net cost
Obtaining more than two contractors quotes - £50 inc. VAT (£42 + VAT) per quote
Rent review fee - £60 inc. VAT (£50 + VAT)
Issuing Notice of Seeking Possession - £60 inc. VAT (£50 + VAT)
Annual rental/expense statement - £100 inc. VAT (£84 + VAT)
Cancellation fee - £260 inc. VAT
Court Attendance - £75 inc. VAT per hour
The contract between us (the agent) and you (the landlord(s)) will begin when either the signed agreement is dated, or when we commence marketing the property, whichever the earlier.
Lane & Bennetts reserves the right to give one month's notice in writing to the landlord to terminate this agreement and likewise the landlord is required to give one month's notice in writing to Lane & Bennetts to terminate this agreement. Should notice be given by either party, Lane & Bennetts will be entitled to receive a fee equivalent to the cost of our Introduction Only fee (see above), or 10% plus VAT of the unexpired term of the tenancy from the landlord, whichever the lesser, subject to a minimum £400 + VAT.
If you have any questions on our fees, please ask a member of staff.