Landlord Fees

Fully managed fees

Initial letting fee: £250.00 (inc VAT) Payable by the landlord at the beginning of each new contract.

• Monthly management fee: 12% (inc VAT).
• Services include 
• Providing a comprehensive appraisal and guidance on compliance and legislation under The Renting Homes Wales Act (2016), 
• Advise on non-resident tax status and HMRC (if relevant)
• Inspect property in line with the Fitness for Human Habitation Regulations 2022 (FFHH)
• Arrange the required safety documents including the gas safety record, EPC, EICR, hard wired interlinked smoke detectors, co2 alarm & legionnaires risk assessment if applicable. 
• Market the property and advertise on our website, social media and the prominent portals including Rightmove and OnTheMarket. 
• Conducting accompanied viewings.
• Erect To Let board in accordance with Town and Country Planning Act 1990
• Carry out comprehensive applicant referencing and the Right to Rent act
• Protect the deposit in accordance with The Tenancy Deposit Scheme (TDS)
• Supply a full Inventory of the property before the start of the contract
• Inform relevant utility companies of change of occupancy. Undertake quarterly inspection visits and supply landlord with comprehensive report.
• Arrange quotes for routine repairs and instruct approved contractors
• Pursue non-payment of rent and provide advice on rent arrears.
• Supply relevant landlord notices in accordance with the Renting Homes Wales Act (2016) 
• Arrange and conduct the check out report on vacating.
   

Letting only service

• Finding a contract holder and preparation of occupation contract in accordance with a Rent Smart Wales licensed landlords requirements: Minimum Fee £540.00 (inc VAT) or 50% first month’s rent, whichever is greater plus VAT.
• Service Includes: 
• Providing a comprehensive market appraisal, and guidance on compliance and legislation under The Renting homes Wales Act (2016)
• Inspect property and advise on the Renting Homes (Fitness for Human Habitation) (Wales) Regulations 2022
• If required and not supplied by landlord, we can arrange the required safety documents including the gas safety record, EPC, EICR, hard wired interlinked smoke detectors, co2 alarm & legionnaires risk assessment if applicable. 
• Market the property and advertise on our website, social media and the prominent portals including Rightmove and OnTheMarket. 
• Conduct accompanied viewings 
• Erect To let board in accordance with Town and Country Planning Act 1990
• Carry our comprehensive applicant referencing. 
• Supply a full Inventory of the property before the start of the tenancy if required . (separate charge please see below) 
• Collect and remit the first initial months’ rent received.
• Collect the deposit in accordance with the landlords chosen deposit scheme
• Provide the contract holder with Landlord Information
• Deduct any Pre-Tenancy Invoices that may be relevant
• Make any HMRC deductions and provide the tenant with NRL8 (if relevant)
• Advise on Non- Residential tax status and HMRC (if relevant)
   

Deposit holding fee

If you would like us to hold the deposit under our TDS (Tenancy Deposit Scheme) there will be a charge of £50.00 annually (inc VAT).

This will include sending out the registration certificate to the contract holder and updating the deposit alongside the occupation contract.

(For a fully managed service, this is included in our fees)

Inventory charges

Cost of inventories are to be charged as follows; 2 bed property - £60 (inc VAT), 3 bed property - £90 (inc VAT), 4+ bed property - £120 (inc VAT). An additional £30 (inc VAT) to be added to any fully furnished properties.

Energy performance certificate

Cost of EPC: £59.00 (inc VAT).

An EPC is required as follows:
•    Individual house/dwelling (i.e. a self-contained property with its own kitchen/bathroom facilities) &- one EPC for the dwelling.
•    Self-contained flats (i.e. each behind its own front door with its own kitchen/bathroom facilities) - one EPC per flat.
•    Bedsits or room lets where there is a shared kitchen, toilet and/or bathroom (e.g. a property where each room has its own tenancy agreement) – No EPC is required.

Please click here for further information: https://www.gov.uk/guidance/domestic-private-rented-property-minimum-energy-efficiency-standard-landlord-guidance

Gas safety certificate

Cost of Certificate: £75.00 (inc VAT) Cost includes testing one appliance – costs will increase if further appliances need to be tested.

As a landlord, you are responsible for the safety of your tenants. Landlords' duties apply to a wide range of accommodation, occupied under a lease or licence, which includes, but not exclusively:

• Residential premises provided for rent by local authorities, housing associations, private sector landlords, housing co-operatives, hostels
• Rooms let in bed-sit accommodation, private households, bed and breakfast accommodation and hotels
• Rented holiday accommodation such as chalets, cottages, flats, caravans and narrow boats on inland waterways.

The Gas Safety (Installation and Use) Regulations 1998 deal with landlords’ duties to make sure gas appliances, fittings and flues provided for tenants are safe.

Legionnaires risk assessments

Cost of the Legionnaires Risk Assessment: £72 (inc VAT) Due to a revision to the Health and Safety Executive (HSE) issued Approved Code of Practice (L8) “Legionnaires’ disease: the control of legionella bacteria in water systems” (L8) there is now a legal requirement for you the dutyholder (Landlord) with control of premises to carry out a risk assessment on the water system at your rental property.

Further detailed information can be found online at the HSE website and included with this correspondence for your perusal is the HSE published Legionnaires’ disease – A brief guide for duty holders.

CO2 Alarms

To meet obligations, a working carbon monoxide alarm must be present in any room which has a gas, oil or solid fuel-burning appliance.
There are no exceptions, and this includes if it is a converted contract.