Book a Property Valuation

Fees to Landlords

Tenant find: 65% of the first months rent, inc. VAT (subject to a minimum fee of £474 inc. VAT)

Includes:

  • Collect and remit initial months’ rent received
  • Agree collection of any shortfall and payment method
  • Provide tenant with method of payment
  • Deduct any pre-tenancy invoices
  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant)


Rent collection: 8% of rent (Inc VAT)

Includes:

  • Collect and remit the monthly rent received
  • Deduct commission and other works
  • Pursue non-payment of rent and provide advice on rent arrears actions
  • Make any HMRC deduction and provide advice on rent arrears actions
  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant)


Fully Managed: 12% of rent (Inc VAT)

Includes:

  • Collect and remit the monthly rent received
  • Pursue non-payment of rent and provide advice on rent arrears actions
  • Deduct commission and other works
  • Advise on all relevant utility providers of changes
  • Undertake up to 4 inspection visits per annum and notify the landlord of the outcome
  • Arrange routine repairs and instruct approved contractors
  • Hold keys throughout the tenancy term
  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant)

 

Setup Fee

Tenant Find £Included • Rent collection £354 (Inc VAT) • Fully Managed £354 (Inc VAT)

Includes:

  • Agree the market rent and find a tenant in accordance with landlord guidelies;
  • Advise on refurbishment
  • Provide guidance on compliance with statutory provisions and letting consents
  • Carry out accompanied viewings (as appropriate)
  • Market the property and advertise on relevant portals
  • Erect board outside property in accordance with Town and Country Planning Act 1990
  • Advise on non-resident tax status and HMRC (if relevant)

 

Checkout Fee

Tenant Find £150 (Inc VAT) • Rent collection £150 (Inc VAT) • Fully Managed - Included

Includes:

  • Agree with tenant check out time and date appointment
  • Instruct inventory provider to attend
  • Negotiate with landlord and tenant any disbursements of the security deposit
  • Return deposit as agreed with landlord and tenant to relevant parties
  • Remit any disputed amount to Scheme for final adjudication
  • Unprotect security deposit
  • Instruct contractors; obtain quotes; organise repairs/replacement/cost of any broken or missing items

 

Additional Non-Optional Fees And Charges (Irrespective Of Level Of Service)

Inventory Fee (Landlords share): - £120 (Inc VAT)
 

Deposit Registration Fee:

  • 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 the start of the tenancy
     

Additional property visits: - £30 (Inc VAT) per visit

  • To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance linked visit
     

Submission of non-resident landlords receipts to HMRC - £60 (Inc VAT) quarterly

  • To remit and balance the financial return to HMRC quarterly – and respond to any specific query relating to the return from the landlord or HMRC
     

Arrangement Fee for works over £500 | 12% 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
     

Arrangement fee for refurbishments over £500 12% 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 - £0 (Inc VAT) per quote
 

Rent Review Fee - £30 (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
     

Renewal Fee (Landlords share) - £114 (Inc VAT)
 

Court Attendance - £80 (Inc VAT) per hour

  • Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

 

MCA Residential Lettings Limited is a member of The Property Ombudsman redress scheme
MCA Residential Lettings Limited is a member of a Client Money Protection scheme operated by Property Mark