Landlord Fees

WHAT FEES CAN I EXPECT TO PAY IF I RENT OUT MY PROPERTY WITH LAWLORS?

Lawlors offer three levels of service to accommodate the differing needs of our clients, from a Full Managed Service for those that prefer the convenience and peace of mind an ‘all inclusive’ style service, to an Tenant Find, for the experienced ‘do it yourself’ landlord.

The options we can offer and a table of fees are listed below.

 

SERVICE FEATURE

FULLY MANAGED SERVICE

15% incl VAT

(12.5%+ vat)

RENT COLLECTION SERVICE

12.5% incl VAT

(10.42% + vat)

TENANT FIND SERVICE

10% incl VAT

 (8.3% + vat)

Provide free valuation and suggest areas of improvement to maximise income

Tick

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Arrange Energy Performance Certificate

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Prepare full colour property details, internal and external images

Tick

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Upload your property to our website and major property websites including Rightmove and Zoopla

Tick

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Highlighted to our registered potential tenants

Tick

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Accompanied viewings

Tick

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Full tenant referencing including detailed credit, employment and previous landlord reference checks

Tick

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Advise on issues of compliance

Tick

TickTick

Preparation of the Tenancy Agreement 

Tick

TickTick

Arrange for Inventory and end of tenancy check out

Tick

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Arrange for deposit to be transferred to Landlord for registration in a Government approved Deposit Protection Scheme

Tick

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Collect first month (cleared funds) rent in advance

Tick

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Provide tenant with all details for rental payments

Tick

Tick

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Educating, advising and implementing new legislative changes

Tick

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Arrange annual gas safety check, if requested

Tick

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Collect rent on a monthly basis, held in a protected Client Account

Tick

Tick 

Chase late rents

Tick

Tick 

Payments by BACS once cleared funds are received from tenant avoiding delays

Tick

Tick 

Provide detailed HMRC compliant monthly statements

Tick

Tick 

Negotiate renewal at end of fixed term

Tick

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Advise on annual rent increases

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Tick 

Collect tenant deposit and register free of charge with a Government approved Deposit Protection Scheme and continue to protect according to legislation instead of it being forwarded to the landlord.

Tick

  

Manage all issues of repair, maintenance and remedial work

Tick

  
Arrange and manage all emergency work

Tick

  

Regular property visits reporting back to the landlord including detailed photo reports

Tick  

Arrange an end of tenancy inspection and negotiate any dilapidation issues which arise

Tick  

Represent landlords where dispute is raised with the Government back deposit protection scheme

Tick  

Serve notice to regain property, liaise with legal teams and where necessary provide court representation.

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Provide tenants with basic household/housekeeping advice and education

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Fees associated with services

Lawlors Management Service includes the procedures as above but is subject to a one off adminstration charge for the first time that the property is let£190 inc VAT

Lawlors Rent Collection and Tenant Find Services are subject to an administration charge payable upon each new tenancy

£130 inc VAT
Optional fees 

1. Additional property visits:

  • To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit
£60.00 inc VAT

2. Obtaining more than two contractors quotes

£24.00 inc VAT per quote

3. Arrangement fee for refurbishments

  • 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
£120.00 inc VAT 

4. Renewal fee

  • Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
2% deduction on previous years fee
5. Court Attendance

£60.00 inc VAT per hour plus any additional reasonable expenses

Should you wish to know the cost of optional extras such as inventories, cleaning or compliance certificates these are available upon request.

 

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