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inside index.cshtml

Lettings Fees


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