Fees
Our Sales fees
Our standard sole agency fee is 1% of the sale price + VAT, however, with a few quality properties coming onto the market at present, we are always open to negotiate. We certainly wouldn't let the fees come between us!
The agreed fee will include all our services, including advertising, websites, arranging and accompanying viewings etc. This is on a no-sale no-fee basis, i.e. you only pay us if you accept an offer through us, and subsequently exchange contracts.
Our Tenant Fees
- Security Deposit - A sum equivalent to five week’s rent - The security deposit to be paid by the terms of the tenancy agreement, and held by the Deposit Protection Scheme.
- Holding Deposit - A sum of £250 will be taken to secure a property, holding it off the market while references are taken. This sum will be forfeited by the tenant should they decide not to proceed, or information has been withheld that would adversely affect the referencing process.
- Unpaid Rent / Returned payments - Interest at 3% above Bank of England Base Rate from due date, once over 14 days in arrears
Our Landlords Fees
- Tenant Find at 6% including VAT (5% plus vat) - Collect and remit initial rent received; negotiate collection of any rent shortfall; deduct and pre-tenancy costs; set-up of standing order for future rents; registration of Security Deposit with the Deposit Protection Scheme (if required).
- Rent Collection at 8.4% including VAT (7% plus vat) - As per “Tenant Find” noted above, along with collection and payment of monthly rent and preparation of monthly and annual accounts.
- Fully Managed at 10.8% including VAT (9% plus vat) - Collect and remit initial rent received; negotiate collection of any rent shortfall; deduct commission and costs of other works; set-up of standing order for future rents; advise utility providers of any changes; registration of Security Deposit with the Deposit Protection Scheme (if required); inspect the property and report back to the landlord; arrange routine repairs, pre and post tenancy cleans, and instruct approved contractors; hold keys throughout the tenancy.
- All service levels include the following: Advising on achievable market rent, marketing strategy and advertising the property through various portals and publications, including Rightmove, Zoopla, Onthemarket, and West Essex Life, advice on refurbishment, guidance on compliance of statutory provisions and letting consents, arranging and accompanying viewings, advise on non-resident tax requirements (if applicable), arranging Gas and Electric checks and certification along with inventories.
Should you have any questions on our fees, please ask a member of our team.
- Client Money Protection membership number: CMP004882
- Property Ombudsman membership number: D02386