LANDLORDS
Let only commission – 8% + VAT or 9.6% inc VAT taken in advance from the first month's rent
Letting and rent collection commission - 10% + VAT or 12% inc VAT monthly from the rental payments.
Full management commission (Moretons handle everything) 14% + VAT or 16.8% inc VAT taken monthly from the rental payments
Agreement fee: £240inc VAT
Renewal agreement fee: £100inc VAT
Tenant reference (per tenant): £36inc Vat
Professional cleaning: Before a tenancy commences the property must be cleaned to a professional standard, the Landlord pays at the start of the tenancy and the tenant at the end.
Studio – from £160inc VAT
1 bed – from £195inc VAT
2 bed – from £230inc VAT
3 bed – from £265inc VAT
4 bed – from £300inc VAT
(Please note, these prices are from a third party and can change depending on supplier, to be used as reference only)
Check in + Inventory
Studio/1 Bed £163inc VAT
2 Bed £178inc VAT
3 Bed £199inc VAT
4 Bed £219inc VAT
(Please note, these prices are from a third party and can change depending on supplier, to be used as reference only)
Additional fees and charges
Consultancy fee for the following
Additional visits to the property if managed £120 inc VAT
Waiting at the property £120 inc VAT/per hour
Carrying out copying of keys £120 inc VAT/per hour
Arranging cleaning prior to the start of a Tenancy if not managed £120 inc VAT
Installation of smoke alarms and/or carbon monoxide detectors £120 inc VAT/per hour
Obtaining consent from a lender or a Superior Landlord £120 inc VAT
Attending management meetings/AGM £120 inc VAT
Preparation of the Moretons standard Tenancy Agreement £240 inc VAT
Serving of section notice if not managed £120 inc VAT
Preparation of an Extension Agreement for the Tenancy £120 inc VAT
Fortnightly visits during a void period £50 inc VAT/per visit
Refurbishment works 12% inc VAT of total works
Tax retention for a non-resident landlord £75 inc VAT/per quarter
Preparation of documentation for Court proceedings
or TDS adjudication £250 inc VAT/per hour
Attendance by Moretons to Court or tribunal
on behalf of the Landlord £150 inc VAT/per hour
Out-of-hours emergency management service £36 inc VAT/per annum
TENANTS
From 1 June 2019, the only payments that landlords or letting agents can charge to tenants in relation to new contracts are:
- 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 capped at £50 (or reasonably incurred costs, if higher) for the variation, assignment or novation of a tenancy
- 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
Please find below information about the Propertymark Conduct and Membership Rules.
https://www.propertymark.co.uk/media/1045366/conduct-and-membership-rules.pdf
In line with the CMP legislation that came into force 1 April 2019, an electronic version of our CMP certificate provided by Propertymark can be found here: Client Money Protection - Certificate .pdf
