Our letting agent fees and services can be tailored to your needs with the option of managed or letting only services.
Our letting AND management service is for those landlords who prefer not to be involved in the day to day management or letting of their property(ies) and our service can be tailored to suit your specific requirements.
Our letting only service is for landlords who wish to manage the property themselves, but would like the work in sourcing a new tenant and setting the tenancy up taken care of and enjoy peace of mind knowing that their tenants have been properly sourced, referenced and all legal documentation has been prepared correctly, including a full inventory and schedule of condition normally. All this is of course included in our management service too.
We have a list of other services at the end of the list below.
We have an emphasis wherever possible of tailoring all of our services to suit our client’s preferences and scenarios however the below is a guide as to what is included in our two most common service packages:
| Gold Management | Bronze Management |
Letting Only Service | |
|
Initial market appraisal
|
|||
|
Passionate, experienced, trustworthy and customer service focused staff throughout the whole process |
|||
|
Free no obligation and no ‘hard sell’ market appraisal to enable us to listen to your situation and service requirements, inform you about letting procedure and mandatory requirements, offer advice to maximise rental potential and provide rental valuation |
|||
|
Marketing
|
|||
|
Quality photographs taken of the property with professional camera (see our advertised properties here) |
|||
|
Thorough marketing, including listing on our own website, on property portal websites, social media and erecting a TO LET board |
|||
|
Proactive promotion including mail shots to our applicant database, relocation agents and corporate tenant contacts |
|||
|
Remarketing 1 month before any current tenancy ends |
|||
|
Conduct accompanied viewings, with our viewing times including evenings and Saturday's |
|||
|
Energy Performance Certificate (EPC) arranged, if not one |
Optional | Optional | Optional |
|
Letting Formalities
|
|||
|
Rigorous tenant qualification, selection and application procedure, with honesty and the landlord’s best interests and desires at the forefront of our mind |
|||
|
Full tenant referencing conducted to include credit check, employment / accountant reference, current landlord / agent reference and Guarantor referencing too (if applicable) |
|||
|
Detailed room-by-room Inventory and Schedule of Condition of the property prepared and signed by new tenants |
(included as standard unless not required) | ||
|
Relevant Tenancy Agreement prepared to include any specific clauses |
|||
|
All utility companies and local authority notified about new tenants, with meter readings |
(included as standard unless not required) | ||
|
Initial Gas Certificate, Electrical Safety and Smoke/Carbon Monoxide Alarm compliance arranged on the landlords behalf, as required / if applicable |
|||
|
Initial Immigration Act ‘Right To Rent’ ID checks completed for new tenants |
* | ||
|
Keys handed over to new tenants |
|||
|
Rent and Deposit
|
|||
|
One months rent and a tenancy deposit (normally equivalent to 5-weeks rent) collected at commencement of the tenancy |
|||
|
Deposit retained by us in our client account and registered / held under TDS deposit scheme rules |
(included as standard unless not required) | ||
|
New tenant asked to set up standing order for future rent payments |
|||
|
Property Management (ie once tenancy commenced)
|
|||
|
Expert and experienced ARLA Propertymark member staff to handle and advise on any tenancy matters or legislation |
(Extra cost) |
||
|
Routine and planned repairs & maintenance handled (repairs dealt with or passed on, based on the landlords specific instructions) |
|
|
|
|
Tailored portfolio management for portfolio owning clients |
|
|
|
|
Property visits and report after, to check on condition of property and advise on any maintenance required |
|
||
|
Payment of property related bills |
|
|
|
|
Arranging (or reminding landlord/their preferred contractor) about future safety certificate renewals |
(Extra cost) |
||
|
Rent reviews and tenancy extensions |
(unless Landlord requests) |
||
|
Preparation and service of any tenancy related notices which may be required |
(Extra cost) |
||
|
Formal end of tenancy checkout inspection completed, keys collected back and end of tenancy utility notifications done |
(Extra cost) |
||
|
Finalisation of Tenancy Deposit Scheme formalities |
|
||
|
Project management of refurbishments or conversions |
Optional | Optional | |
|
Compliant Client Accounting
|
|||
|
Rent collected monthly and transferred to landlord (less any expenses). |
|
||
|
Statement of account emailed with each payment showing income and expenditure |
1st month only |
||
|
Client Money Protection insurance in place (via Propertymark - Our C.M.P certificate can be seen here , Security Certificate here and scheme details can be read here Section 5) |
1st month only / if we hold tenancy deposit only |
||
|
For overseas landlords, Non-Resident Landlord scheme administration and accounting to HMRC (where applicable) |
1st month only |
||
|
Insurance
|
|||
|
Rent and legal expenses protection |
Optional | Optional | Optional |
|
Landlord buildings and contents insurance (recommend insurance broker) |
Optional | Optional | Optional |
|
Insurance valuations arranged |
Optional | Optional | Optional |
|
Other Optional Services
|
|||
| Tenancy legislation advice | (Extra cost) | ||
| Buy To Let advice, property acquisition services and off-market investment properties referrals | Optional | Optional | Optional |
| Tenancy documentation prepared for other residential properties | Optional | Optional | Optional |
| Mortgage, finance broker, insurance broker and accountant recommendations | Optional | Optional | Optional |
| Property surveys arranged | Optional | Optional | Optional |
We have an emphasis wherever possible of tailoring all our services to suit our client’s preferences and scenarios.
Landlords Fees:
Below is a list of our fees for our services. We know we are not the cheapest agent, as we all know that the cheapest isn’t necessarily the best service however we know our fees are very competitively priced for the high standard of service and expertise we have at Kingswood Residential Investment Management.
- Gold management (full management) - management fee of 10% of rent + VAT (equals 12% including VAT).
- Bronze management (management, except handling repairs/maintenance) - management fee of 7% of rent + VAT (equals 8.4% including VAT).
- Management services letting fee (Gold and Bronze) - from £350 + VAT (from £420 including VAT), payable out of first months rent.
- Letting Only service - from £395 + VAT (£474 including VAT) without an inventory.
- Letting Only service with a detailed Inventory & Schedule Of Condition created and included - from £450 + VAT, however where we arent creating an inventory we would strongly recommend that you arranged your own as this is a essential tenancy document.
- Energy Performance Certificate (EPC) - £75 + VAT (£90 including VAT)
- Legionella Risk Assessment - £75 + VAT (£90 including VAT) (optional)
- Licensing scheme application submission on landlords behalf - £125.00 + VAT (£150.00 including VAT)
- Tenancy extension or rent increase notice fee after fixed term of initial agreement expires, if required - £90 (£75 + VAT). No fee if tenancy falls into rolling periodic tenancy on same terms/rent.
- End of tenancy checkout inspection for non-managed properties (optional extra) - £150 + VAT (£180 including VAT)
- Project management of property refurbishment works or conversions - 10% of works cost + VAT (with VAT included equals 12% of works cost). See some examples of refurbishment project management projects on our You Tube channel here
- We can also assist with rent and legal expenses protection (optional)
Buy-to-let property acquisition / sourcing service – for investment clients that do not have the time or expertise to source investment properties, we offer this bespoke service to source properties based on your strategy, budget and desired returns. Fee varies, please enquire.
Portfolio management - we have extensive experience and a great track record in creating and delivering seamless management of property portfolios. We can tailored our services around your exact requirements. We would welcome the opportunity to offer a quotation. Fees vary, please enquire, however initial transfer of management work has no charge.
See our Property Portfolio services here.