Wenlock & Taylor
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Landlords

Please contact us on 020 8969 0122 / info@wenlocktaylor.co.uk to arrange a valuation and / or to discuss any queries you may have in relation to letting your property.  Our Lettings team has a combined experience of over 35 years in the private rented sector and we hope to be able to answer any questions you may have.

Our standard fees schedule is set out below and our full terms of business are available upon request by contacting us. If your requirements differ from the services detailed below please contact us to discuss your requirements in detail and we will aim to tailor a service to suit.

 

LANDLORD FEES SCHEDULE

 

LEVELS OF SERVICE OFFERED:

 

Let only:

10% of first years rent + VAT

Rent Collection:

12.5% of rent

received + VAT

(for duration

of tenancy)

Fully Managed:

15% of rent

received + VAT

(for duration

of tenancy)

Agree the rental value

P

P

P

Provide guidance on compliance with statutory

provisions and letting consents

P

P

P

Advise on refurbishment requirements

P

P

P

Erect board outside the property in accordance with

Town and Country Planning Act 1990 (where possible)

P

P

P

Market the property and advertise on relevant portals

P

P

P

Carry out accompanied viewings (as appropriate)

P

P

P

Find tenants

P

P

P

Advise on non-resident tax status and HMRC (if relevant)

P

P

P

Collect and remit initial month’s rent

P

P

P

Provide tenants with method of payment

P

P

P

Deduct any pre-tenancy invoices

P

P

P

Make any HMRC deduction and provide tenant with the NRL8 (if relevant)

P

P

P

Advise all relevant utility providers of any changes

P

P

P

Agree collection of any shortfall and payment method

P

P

P

Receive and remit the monthly rent


P

P

Arrangement payments for statutory requirements


P

P

Pursue non-payment of rent and provide on rent arrears actions


P

P

Undertake two (or quarterly if licenced) routine visits per annum and notify the outcome to the landlord



P

Arrange routine repairs and instruct approved contractors



P

Security Deposit dilapidation negotiations



P

Hold keys throughout the tenancy term



P

 

LANDLORD FEES                      All fees quoted are inclusive of VAT unless stated otherwise

Arranging and facilitating statutory compliance (this is in addition to the costs of the item itself):

Installing Smoke alarms and Carbon Monoxide:                       £60.00  

Handling local authority licensing application:     £180.00

Letting Fee:                                                                               £420.00

Covers advertising, referencing costs, Right to Rent checks, AML & Sanction checks, deposit registration, legal paperwork.

 

Inventory Fee (conducting a full photo inventory):                    £180.00

If you decide to use a third-party inventory clerk instead, you will have to pay the cost of this which varies depending on the company chosen and size of property.

 

Landlord Withdrawal Fee (Pre-tenancy):                            £240.00

Tenancy Renewal / Section 13 Notice Fee (Managed Properties):  £180.00

Covers market research, negotiation, compliance and sending out relevant paperwork.

 

Additional Property Visits:                              £60.00 per visit

Should the landlord request property visits in addition to those within their existing Terms of Business.

 

Section 13 Notice Fee (Non-Management):            £240.00

Tenancy Renewal Fee (Non-Management):              4% of rent due for renewed term + VAT

Arrangement Fee for works over £1000:           10% of invoice value + VAT

Processing Application to Rent Officer:                    3% of one years rent + VAT

Mid-tenancy Change of Occupier Fee: £180.00

Attending rent assessment panel:                   £60.00 per hour

Court Attendance Fee:                                                 £300.00

Deposit Dispute Fee: £120.00

Vacant Property Supervision Fee: £120.00 per month (based on fortnightly visits) 

Interest on Unpaid Commission:   3% above the Bank of England Base Rate from Due Date until paid.