With the many changes in legislation in recent times particularly the Tenant Fee Ban, there is growing dissatisfaction amongst Landlords using the services of agents who have a seemingly endless list of fee’s. Thomas & Rawson’s Landlord fees are not only very competitive, but they are clear and simple as there are only 4 chargeable fee’s which are a:
Marketing and Set Up Fee
£360 inc VATFull Management Fee
12% of the rent collected inc VAT. (Only 12% for new landlords)
12% inc VATTenancy Renewal Fee
£120 inc VAT'Check out' Fee
Only at the end of Tenancy.
£120 inc VAT
Our Fully Managed Landlords also receive the benefit of our ‘Emergency Out of Hours’ Service. This service is very reassuring for our Landlords as they know that Thomas & Rawson will manage an emergency situation which a tenant discovers out of office hours. If a tenant has an emergency such as a burst water main at the weekend, in the evening or during a bank holiday most Letting Agents will not be accessible and a tenant will likely go through Yell.com to call out an Emergency Plumber who may charge an ‘Emergency Call out Rate’ with the expectation that the Landlord will pay the bill. If one of Our Managed tenants call’s the main office number at an obscure time, our phones are diverted to a Thomas & Rawson member of staff who will either handle the call immediately or deal with a message left on the voicemail (which is monitored hourly). We can then manage the emergency either using our tradesmen or tradesmen of the Landlords choosing and also keeping our Landlords up to date as and when a problem occurs.
The Marketing and Set Up Fee includes:
*All tenant credit checks, referencing and Right to Rent checks
*Tenant analysis where a tenants bank statements may be assessed and/or visiting a tenant in their existing home to establish if a tenant currently lives in a clean and tidy way.
*Preparation of all documentation including Tenancy Agreement, Prescribed Information, Right to Rent documentation etc
*Only payable after a tenant has been approved and moved in (deducted from the first month’s rent)
*All Forms of Marketing and accompanied viewings
Tenancy Renewal Fee includes:
*Rent negotiation
* Preparation of all documentation including Tenancy Agreement, Prescribed Information, copies of EICR, EPC and Gas safe Certificate etc
Full Management Fee includes:
*Rent collection
*Deposit Protection
*Regular property inspections
*Dealing with all property maintenance using either trusted local tradesmen or tradesmen chosen by the Landlord
*Monthly and Annual Consolidated Statements
‘Check out’ Fee includes:
*Overseeing smooth departure of the outgoing tenant
*’Check out’ report
*Negotiating with tenant any deductions from deposit (if required)
Other Potential Landlord Costs
As an inclusive part of the service Thomas & Rawson go to great lengths to protect the interests of our Landlords ensuring that they stay within the law and comply with the ever changing regulations. Apart from general maintenance to ensure the property is let in a safe and habitable condition there are expenses which a Landlord should and will be subject to which are detailed below: (Thomas & Rawson do not profit from these cost’s or add a percentage, we organise and pay for them on your behalf subject to your agreement.)
(REQUIRED BY LAW) Annual Gas Safe Certificate
For boiler plus 1 appliance (excluding boiler service)
£72 inc VAT(REQUIRED BY LAW) Electrical Installation Condition Report
Valid for 5 Years
Please ask for advice(REQUIRED BY LAW) Energy Performance Certificate
Required prior to marketing and lasts 10 years (excluding floor plan)
£72 inc VAT
(STRONGLY RECOMMENDED) Inventory Charges
Ranges between £54 to £96 depending on the size of the property
£54 to £96 inc VAT
We are very confident that the service we offer is above and beyond any of our competitors, but don’t take our word for it, click on the Referenceline Link below to see genuine client reviews regarding the service we, at Thomas & Rawson provide. Our customer reviews on Referenceline are a mixture of both historic and current and the photographs accompanying each review are of the actual properties we manage or have sold for our clients (not stock photos), which adds to the provenance and credibility of each review.