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LETTINGS & PROPERTY MANAGEMENT FEES EXPLAINED (FROM 1st JUNE 2019)

 

Letting Fees for tenants

Pre-Tenancy & End of Tenancy Fees

Deposit: The Deposit will be calculated against five weeks rent or six weeks’ rent where the total annual rent is £50,000 or above. The formula: Monthly Rent x 12 / 52 x 5= 5 Week Deposit.

During Your Tenancy

Change of/or Additional Tenant: £50 incl. VAT for amending the contract and referencing.

Unpaid Rent/ Returned Payments: Interest will be charged in line with the Bank of England’s rate + 3% if a rent payment is more than 14 days overdue for each day the payment is outstanding.

 

Non-ASTs signed on or after 1st June 2019

For any individual tenant not renting a property under an Assured Shorthold Tenancy the following charges are also payable: Tenancy Administration charge - £150 +VAT (£180 incl. VAT) per tenancy; Reference charge - £50 +VAT (£60 incl. VAT) per tenant or guarantor; Check out inspection - £160+ VAT (£192 incl. VAT);  Tenancy renewal £120+VAT (£144 incl. VAT).

If a tenant decides to rent a property through us in the name of a business or company the tenancy administration and reference charge will be £320+ VAT (£384 incl. VAT) for a new tenancy and £160+VAT (£192 incl. VAT) for every renewal.

 

Letting Fees for Landlords

Non-Managed Tenancy including Rent Collection: Fee of 9%+VAT (10.8% incl. VAT) of total rent achieved to be taken on a monthly basis in line with our rent collection service; Renewal Fee: Fee of 7%+VAT (8.4% incl. VAT) of total rent achieved for the renewal period will be taken on a monthly basis.

Property Management Service Fee:

Silver: 12%+VAT (14.4% incl. VAT).  Renewal Fee 10 %+VAT (12% incl. VAT).

Gold: 15%+VAT (18% incl. VAT).  Renewal Fee: 13%+VAT (15.6% incl. VAT).

Platinum: 17%+VAT (20.4% incl. VAT).  Renewal Fee: 15%+VAT (18% incl. VAT).

 

Additional Fees & Disbursements for Landlords

Inventory Check in/Check out: £160+VAT (£192 incl. VAT).

Annual Gas Safety Inspection: £90+VAT (£108 incl. VAT) for an inspection of gas appliances by a Gas Safe registered engineer and issuing of gas safety certificate.

Energy Performance Certificate: £90+VAT (£108 incl. VAT) for an inspection by a qualified energy assessor and issuing of a new E.P.C certificate.

Transferring deposit to the landlord during the tenancy: £100+VAT (£120 incl. VAT).

Changing of ownership set up: £100+VAT (£120 incl. VAT).

Helping with deposit adjudication: £100+VAT (£120 incl. VAT) per hour.

Meeting third parties for insurance claims: £100+VAT (£120 incl. VAT).

Making a payment outside the UK: £30+VAT (£36 incl. VAT).

Making a same-day payment in the UK: £30+VAT (£36 incl. VAT).

Copy monthly statement (per statement): £10+VAT (£12 incl. VAT).

Annual income/expenditure report: £100+VAT (£120 incl. VAT).

Serve Section 21 Notice (included with Management Service): £50+VAT (£60 incl. VAT).

Serve Section 13 Notice (included with management service): £50+VAT (£60 incl. VAT).

Accompanying Landlord Contractor (Per hour including travel): £50+VAT (£60 incl. VAT).

Licensing application service fee: £290+VAT (£348 incl. VAT).

Individual tenant replacement during the prescribed tenancy of multiple tenants: £150 +VAT (£180 incl. VAT).

Drawing up renewal Memorandum of Agreement - £90+VAT (£108 incl. VAT)

Drawing up new AST for renewal term - £125+VAT (£150 incl. VAT)

 

Client Protection Scheme

The ‘MyDeposit’ insurance deposit protection scheme allows Go View London to hold a tenant’s deposit in a client account whilst complying with our legal obligations to both landlord and tenant.

Redress Scheme

Go View London are proud members of three Redress Schemes:  UK Association of Lettings Agents, National Landlord Association & The Property Ombudsman.