Letting Fees
Why choose us?
• Our outstanding property management and letting service refined over 10+ years.
• Our successful track record of finding suitable tenants for our clients’ properties
• Our thorough credit and reference checks
• Our range of services to suit your needs, whether you own private professionally rented accommodation or a property which you are wanting to lease for up to 5 years on a Guaranteed Rent.
• Our ability to let your property quickly and efficiently using expert matching and extensive marketing platforms.
• Our ability to handle all of your boiler and plumbing needs at knock down prices given that we are Gas Safe registered
• We include free professional inventories with every new instruction ordinarily costing up to £500!
MATTHEW ESTATE is an RLA licensed member.Client Money Protection (CMP) provided by safe agent.
Independent Redress provided by The Property Ombudsman, member number: T00846
Level Of Service Offered:
Let Only Service: 6% (plus vat)
Includes:
- Advice on rent obtainable
- Adverting and marketing through our website, major property portals, relocation agent and tenant database
- Prepare tenancy documentation
- Collect and remit first months' rent in advance, collect and protect the tenancy deposit under our membership of the tenancy deposit scheme (or remit deposit to landlord's scheme)
Let and Rent Collection Service: 10% (plus vat)
Includes:
- Advice on rent obtainable
- Adverting and marketing through our website, major property portals, relocation agent and tenant database
- Prepare tenancy documentation
- Collect and remit first month's rent in advance, collect and protect the tenancy deposit under our membership of the tenancy deposit scheme (or remit deposit to landlord's scheme)
- Transfer of Council Tax and utility accounts at commencement and termination of tenancy
- Collection of rent during the term and remittance to landlord's bank account, accounting by quarterly statement
- Pursue any rent arrears
- Deduct any appropriate tax deduction under the non-resident landlord scheme rules and account to HMRC
Let and Full Management Service: 12% (plus vat)
Includes:
- Advice on rent obtainable
- Adverting and marketing through our website, major property portals, relocation agent and tenant database
- Prepare tenancy documentation
- Collect and remit first month's rent in advance, collect and protect the tenancy deposit under our membership of the the tenancy deposit scheme (or remit deposit to landlord's scheme)
- Transfer of Council Tax and utility accounts at commencement and termination of tenancy
- Collection of rent during the term and remittance to landlord's bank account, accounting by quarterly statement
- Pursue any rent arrears and provides advice in the case of action for breach of tenancy
- Deduct any appropriate tax deduction under the non-resident landlord scheme rules and account to HMRC on the quarterly basis and issuing certificate of tax deduction following the end of the financial year
- Where required, pay the landlord's demands for ground rent and service charge contributions
- Arrange routine repairs (under £1000.00) and instruct approved contractors
Short Term / Holiday Let and Full Management Service: 27% x tenancy rent (plus vat) (32.4% inc vat)
This service is by special arrangement only and is only offered for certain type of properties; please enquire for further information.
Additional non - optional fees and charges
Renewal fees - fees quoted above will be charged in the case of a tenancy renewal or a statutory periodic tenancy where a tenant holds over beyond the fixed term, pro rate.
Preparation of inventory and schedule of condition - this charge is raised by our appointed inventory provider and will depend on the size of property and level of contents. Please refer to the guide in the terms of business and specific quote can be provided on application.
Tenancy deposit registration / protection - this charge relates to the registration of the landlord and tenant details and protection of the security deposit with the tenacny deposit scheme.
At start of tenancy - £90.00 inc vat - provision of deposit certificate and prescribed information to tenant on renewal of fixed term tenancy / start of statutory periodic tenancy - £45.00 inc vat - registration of further term with tenancy deposit scheme.
Formal Deposit Dispute - £120.00 inc vat - preparation of dispute response on behalf of landlord and submission to the tenancy deposit scheme for dispute resolution.
Inspections during a tenancy - £60.00 inc vat - this charge will not be raised where we are instructed on a let and full management service.
Empty / Vacant property - £90.00 inc vat per quarter - provision of management services where property is unlet in excess of one month between tenancies.
Arrangement of major works (in excess of £100.00) - 10% plus vat of value of works (12% inc vat) - includes arranging access and assessment of contractor's estimates, ensuring work carried out according to specification and retaining any warranty of guarantee.
Sale of property to tenant - 2% plus vat (2.4% inc vat) of sale price - includes negotiation of sale / purchase terms and instruction of solicitors (a separate agency agreement will cover the instruction in this event)
Attendance at court - £75.00 plus vat / per hour (£90.00 inc vat / per hour) - covers travel to and from court to provide evidence / assistance to landlord's legal representative in any possession proceedings or action doe breach of tenancy.
House in multiple occupation (HMOs) where Matthew Estates provides a management service:
Statutory HMOs - application process for license £600.00 inc vat.
Selective HMOs (eg application to LB Camden) - application for license £240.00 inc vat.
Acting as license holder of HMO - £100.00 inc vat per quarter.
Acting as manager of licensed HMO - £100.00 inc vat per quarter
Please refer to our terms & conditions for more detail and our standard terms of business
______________________________________________________________________________________________________________________________________________________________________________________________________________
Level Of Service Offered:
Let Only Service: 6% (plus vat)
Includes:
- Advice on rent obtainable
- Adverting and marketing through our website, major property portals, relocation agent and tenant database
- Prepare tenancy documentation
- Collect and remit first months' rent in advance, collect and protect the tenancy deposit under our membership of the tenancy deposit scheme (or remit deposit to landlord's scheme)
Let and Rent Collection Service: 10% (plus vat)
Includes:
- Advice on rent obtainable
- Adverting and marketing through our website, major property portals, relocation agent and tenant database
- Prepare tenancy documentation
- Collect and remit first month's rent in advance, collect and protect the tenancy deposit under our membership of the tenancy deposit scheme (or remit deposit to landlord's scheme)
- Transfer of Council Tax and utility accounts at commencement and termination of tenancy
- Collection of rent during the term and remittance to landlord's bank account, accounting by quarterly statement
- Pursue any rent arrears
- Deduct any appropriate tax deduction under the non-resident landlord scheme rules and account to HMRC
Let and Full Management Service: 12% (plus vat)
Includes:
- Advice on rent obtainable
- Adverting and marketing through our website, major property portals, relocation agent and tenant database
- Prepare tenancy documentation
- Collect and remit first month's rent in advance, collect and protect the tenancy deposit under our membership of the the tenancy deposit scheme (or remit deposit to landlord's scheme)
- Transfer of Council Tax and utility accounts at commencement and termination of tenancy
- Collection of rent during the term and remittance to landlord's bank account, accounting by quarterly statement
- Pursue any rent arrears and provides advice in the case of action for breach of tenancy
- Deduct any appropriate tax deduction under the non-resident landlord scheme rules and account to HMRC on the quarterly basis and issuing certificate of tax deduction following the end of the financial year
- Where required, pay the landlord's demands for ground rent and service charge contributions
- Arrange routine repairs (under £1000.00) and instruct approved contractors
Short Term / Holiday Let and Full Management Service: 27% x tenancy rent (plus vat) (32.4% inc vat)
This service is by special arrangement only and is only offered for certain type of properties; please enquire for further information.
Additional non - optional fees and charges
Renewal fees - £90.00 inc vat fees quoted above will be charged in the case of a tenancy renewal or a statutory periodic tenancy where a tenant holds over beyond the fixed term, pro rate.
Preparation of inventory and schedule of condition - £90.00 inc vat this charge is raised by our appointed inventory provider and will depend on the size of property and level of contents. Please refer to the guide in the terms of business and specific quote can be provided on application.
Tenancy deposit registration / protection - £90.00 inc vat this charge relates to the registration of the landlord and tenant details and protection of the security deposit with the tenacny deposit scheme.
At start of tenancy - £90.00 inc vat - provision of deposit certificate and prescribed information to tenant on renewal of fixed term tenancy / start of statutory periodic tenancy - £45.00 inc vat - registration of further term with tenancy deposit scheme.
Formal Deposit Dispute - £120.00 inc vat - preparation of dispute response on behalf of landlord and submission to the tenancy deposit scheme for dispute resolution.
Inspections during a tenancy - £60.00 inc vat - this charge will not be raised where we are instructed on a let and full management service.
Empty / Vacant property - £90.00 inc vat per quarter - provision of management services where property is unlet in excess of one month between tenancies.
Arrangement of major works (in excess of £100.00) - 10% plus vat of value of works (12% inc vat) - includes arranging access and assessment of contractor's estimates, ensuring work carried out according to specification and retaining any warranty of guarantee.
Sale of property to tenant - 2% plus vat (2.4% inc vat) of sale price - includes negotiation of sale / purchase terms and instruction of solicitors (a separate agency agreement will cover the instruction in this event)
Attendance at court - £75.00 plus vat / per hour (£90.00 inc vat / per hour) - covers travel to and from court to provide evidence / assistance to landlord's legal representative in any possession proceedings or action doe breach of tenancy.
House in multiple occupation (HMOs) where Matthew Estates provides a management service:
Statutory HMOs - application process for license £600.00 inc vat.
Selective HMOs (eg application to LB Camden) - application for license £240.00 inc vat.
Acting as license holder of HMO - £100.00 inc vat per quarter.
Acting as manager of licensed HMO - £100.00 inc vat per quarter
Please refer to our terms & conditions for more detail and our standard terms of business
______________________________________________________________________________________________________________________________________________________________________________________________________________
Rent- A Refundable Tenancy Deposit Capped at No More Than 5 Weeks’ Rent Where the Total Annual Rent Is Less Than £50,000, Or 6 Weeks’ Rent Where the Total Annual Rent Is £50,000 Or Above
- A Refundable Holding Deposit (To Reserve A Property) Capped at No More Than 1 Week’s Rent
- Payments Associated with Early Termination of The Tenancy, When Requested by The Tenant
- Payments in Respect of Utilities, Communication Services, TV Licence and Council Tax
- A Default Fee for Late Payment of Rent and Replacement of a Lost Key/Security Device Giving Access to The Housing, Where Required Under A Tenancy Agreement