Rent

£400

£500

£600

£700

£800

£900

Set Up Fee

£400

£500

£600

£700

£800

£900

Set Up Fee includes agreeing the market rent and finding a tenant in accordance with the landlord’s guidelines. The fee also includes advertising the property online (Rightmove, social media, NS Estates Website) and photography package. We will carry out accompanied viewing.

It includes negotiation of the terms of the tenancy, vetting of the tenants for suitability for the tenancy, preparing the required paperwork for the tenancy. The fee covers advising all utility suppliers of tenancy change. It also includes advising on refurbishment, providing guidance on compliance with statutory provisions and lettings consent. This will also include the cost of tenant referencing, the checks will include credit status, current/previous employment, current or past landlord and take in to account any other information to help assess the affordability criteria of the applicant(s). Depending on the outcome of the applicants earning or overall financial position may require a Guarantor. The cost of referencing a guarantor is included in the fee.

We will also check the smoke and carbon monoxide alarms are in working order.

Should they be a situation whereby you have consented to a permitted occupier, appropriate documentation to reflect this is also included in the fee. We will carry out Right to Rent checks on the applicants and any other adult occupier of the property at the commencement of the tenancy.

Minimum Set Up Fee is £400.00

Service

Total + VAT

Gas Safety Inspection The Gas Safety (Installation and Use) Regulations 1998 state that all rented properties with a gas supply much have a valid gas safety certificate at the commencement of and throughout the tenancy and must be tested for gas safety on an annual basis. NS Lettings can appoint a Gas Safe Registered engineer to carry out the inspection, which includes testing of the carbon monoxide detectors and smoke alarms in the property. The fee also covers arranging access, retaining the certificate. This is valid for 1 year and must be renewed before the expiration date.

£60 + VAT

Electrical Installation Condition Report NS Lettings to appoint a NICEIC qualified engineer to conduct a basic safety and condition report on the electrical supply. This is valid for 5 years and must be renewed before the expiration date.

£120 + VAT

EPC To instruct a Domestic Energy Assessor to provide an Energy Performance Certificate. This is valid for 10 years and must be renewed before the expiration date.

£70 + VAT

Security Deposit Registration Fee

Lodge the tenants deposit in Mydeposits for the term of the tenancy.

£25 + VAT

Dispute Fee Post check out if any proposed deductions of the security deposit are disputed by the tenant, this fee covers the compiling of the relevant to documents to support the landlord position.

£25 + VAT

Inventory Fee It is important to have a detailed inventory which provided a detailed condition or catalogue of items in the property along with photos to represent the condition. It will be a binding contract between the landlord and the tenant of condition of the property on the first day of the tenancy.

Minimum £100 + VAT

Check Out Fee This fee covers checking out the tenant on the last day of tenancy, also carrying out a detailed check out report which the inventory will be used to check with property from the start to end of tenancy. It will be a report which will state the condition and any damaged caused throughout the tenancy also advise on wear and tear.

£50 + VAT

Renewal Fee If both tenant and landlord agree to extend the tenancy for another fixed term this cost will cover the contract negotiations, amending and updating the terms and arranging a further tenancy agreement, if requested. AST is a rolling tenancy after the expiration clause. If landlord or tenant want another fixed term contract.

£50 + VAT

Rent Review Fee We shall review the rent and where this result in a rent increase, the rent review fee applies.

£25 + VAT

Smoke/Carbon Monoxide Alarms To arrange for an engineer to attend the property to install any missing smoke/carbon monoxide alarms. The fee includes the installation of one smoke alarm or one carbon monoxide alarm.

The installation of additional alarms that may be required are charged at £25+VAT (£30.00)

£25+VAT

£25 + VAT

Extras -  Where we are required to provide non routine management services (e.g Fire, Flood, Subsidence and dealing with insurance companies on behalf of the landlord to make a claim.)

£20 - £80 per hour + VAT

Serve Notice to the tenant

£25 + VAT

Contractors Commission NS Lettings reserves the right to make a commission charge to any contractor instructed by us on behalf of the landlord up to 14.4% (12%+VAT) of the net cost of the work. If the works are less than £100 then NS Lettings reserves the right to charge 12%+VAT on £100.00

12% + VAT