Landlord Fees
Management service fees and landlord charges.
Landlord Fees List
Abbeymove solely offers a Management Service. All fees are inclusive of VAT.
Management Service: 18.75% including VAT of the calendar monthly rent.
Included within the Management Service
Free Energy Performance Certificate (EPC)
We will organise for an EPC to be carried out by a qualified assessor.
Initial Gas Safety Certificate
We will organise and pay for the initial gas safety check and will provide a copy of the gas safety certificate to the local authority where selective licensing is in place.
Professional Photos, Floor Plan & Marketing
We will prepare the property details, market and advertise the property online and erect a to-let board.
Tenant Referencing
Utility Accounts
We will obtain meter readings upon commencement and end of the tenancy.
Rent Collection
We will receive the rent for each period from the tenant and ensure that payment is made to the landlord’s account less any agreed fees and expenses.
No Late Rent Payment Service
We will pay the rent to the landlord on the day that it is due irrespective of whether we have received the rent from the tenant, subject to terms and conditions. If the tenant falls into arrears, we will automatically issue a legal notice for payment of rent and possession of the property.
Annual Rent Reviews
We will serve legal notice on the tenant to increase the rent.
Non-resident Landlords Quarterly or Annual Return to HMRC
If we have received a valid HMRC approval number.
Key Holding Service
Annual Gas Safety Check
We will organise and pay for the annual gas safety check and will provide a copy of the gas safety certificate to the local authority where selective licensing is in place.
Dedicated Property Manager
Maintenance, Repairs & Payment of Invoices
We will deal with day-to-day maintenance and repairs up to a maximum of £400 including VAT per item by instructing our approved local vetted contractors. We will arrange payment of invoices for maintenance and repairs on the landlord’s behalf, with the money deducted from rental income and/or the £400 float. The landlord will be emailed copies of invoices.
Tenancy Inspections & Smoke Alarm Tests
We will inspect the property once a year and will test the smoke alarms and maintain a record. Where statutorily required, this will be carried out twice a year.
24-Hour Emergency Contact
We will provide tenants with our 24-hour emergency contact details.
End of Tenancy Inspection
Security Deposit Return
Non-Optional Fees
| Fee | Charge | Details |
|---|---|---|
| Legal Set-Up | £275 including VAT | Right to rent checks, legionella risk assessment, initial smoke alarm checks, and preparation/service of legal and licensing tenancy documents. |
| Tenancy & Deposit/Guarantor Set-Up | £375 including VAT | Tenancy agreement, security deposit collection/protection, required deposit documents, guarantor checks and Land Registry searches. |
Non-Optional Disbursements
Inventory Disbursement Cost: 1-bedroom £75 and no VAT, plus £15 and no VAT per additional bedroom. This covers arranging an inventory and agreeing it with each occupant at the start of the tenancy.
Optional Fees
| Fee | Charge | Details |
|---|---|---|
| Energy Performance Certificate | £75 including VAT | Free under the Management Service. |
| Gas Safety Certificate | £75 including VAT | Free under the Management Service. |
| Domestic Electrical Installation Condition Report (DEICR) | £60 including VAT | Organising a DEICR by a qualified electrician. |
| Application for a Private Rented Property Licence | £300 including VAT | The London Borough of Waltham Forest currently charges £650. |
| Annual Rent Review | £150 including VAT | Free under the Management Service. |
| New Fixed Term Tenancy Agreement | £150 including VAT | Preparing and executing a new fixed term tenancy agreement and serving the legal documents. |
| Quarterly HMRC return for non-resident landlords | £75 including VAT | If we have not received a valid HMRC approval number. |
| Annual HMRC return for non-resident landlords | £250 including VAT | If we have not received a valid HMRC approval number. |
| Additional Property Inspection | £150 including VAT | Arranging a professional inventory clerk to inspect the property and carry out a smoke alarm test. |
| Service of Section 21 Notice | £250 including VAT | Preparing and serving the notice on the landlord’s behalf. |