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Landlord Fees


Bronze Service Level

Setting up fee half of one month’s rent with a minimum fee of £295.00 plus VAT @ 20% 

(£295.00 + £59.00 =£354.00)

 

Silver Service Level

Annual fee of £295.00 plus VAT @ 20% (£295.00 + £59.00 =£354.00)

Monthly rent collection fee £25 plus VAT @ 20% (£25.00 + £5.00 = £30.00)

 

Gold Service Level

Setting up fee at the beginning of each new tenancy £195.00 plus VAT @ 20% (£195.00 +£39.00 = £234.00)

Monthly Management fee of an agreed percentage of the rent collected plus VAT @ 20% 

Example:  a rent of £650.00 per month might attract a fee of 10% plus VAT @ 20% (£65.00 + £13.00 = £78.00)

Renewal fee £50.00 plus VAT @ 20% (£50.00 + £10.00 = £60.00)

Annual deposit registration fee £25.00 plus VAT @ 20% (£25.00 + £5.00 = £30.00)

 

Platinum Service Level

Annual fee of £295.00 plus VAT @ 20% (£295.00 + £59.00 =£354.00)

Example: a rent of £650.00 per month might attract a fee of 11.5% plus VAT @ 20% (£74.75 + £14.95 = £89.70)

 

Bronze and Silver Service Level add on services - Payable in advance

Preparation of Tenancy Agreement £60.00 plus VAT @ 20% (£60.00 + £12.00 = £72.00)

Preparation of Inventory and schedule of condition £100.00 plus VAT @ 20% (£100.00 + £20.00 = £120.00)

Collection of the first months’ rent and setting up of standing order, collecting the deposit and accounting all to the Landlords Bank Account £90.00 plus VAT @ 20% (£90.00 + £18.00 = £108.00)

Property visit and report £45.00 plus VAT @ 20% (£45.00 + £9.00 = £54.00)

Renewal of Tenancy £60.00 plus VAT @ 20% (£60.00 + £12.00 = £72.00)

Final inspection and report £100.00 plus VAT @ 20% (£100.00 + £20.00 = £120.00)

Negotiation of Deposit refund and preparation for arbitration £45.00 plus VAT @20% per hour (£45.00 + £9.00 = £54.00)

 

Additional Fees

Early termination fee £250.00 plus VAT @ 20% (£250.00 + £50.00 = £300.00) and conditions in line with our terms of business.

Per hour for any time spent in court on your behalf £45.00 plus VAT @ 20% (£45.00 + £9.00 = £54.00)

Unscheduled visit to the Property at your request that is not our duty as specified in our agreement £45.00 plus VAT @ 20% (£45.00 + £9.00 = £54.00)

Extra copy of any tenancy agreements, inventory or certificates requested by you £10.00 plus VAT @ 20% (£10.00 + £2.00 = £12.00)

'Sitting in' fees (waiting for contractors, valuations or surveyors etc. £45.00 plus VAT @ 20% (£45.00 + £9.00 = £54.00)

If a sale is agreed to the tenant that we introduced 1.5% plus VAT @ 20% of the sale price agreed

(Example sale price £150,000.00 fee £2250.00 + £450.00 = £2700.00)

 


Autumn Statement:

Following the Chancellors Autumn Statement announcing the ban on letting agency fees for tenants, I would like to confirm that at present, the law has not yet been passed and we believe that the consultation period will only begin in 2017.  ARLA (The Association of Residential Lettings Agents) has advised its member agents not to change any fee structure until it becomes clear what the Government has decided their course of action will be.  Chelton Brown being members of ARLA, will be led by their decisions.

Recent Industry publications indicate that it will take 12 to 18 months for the consultation period and legislation changes to be made.  Until we have further information, it really will be business as usual.

Chelton Brown will be lobbying with other agencies and professional bodies to make sure that the voice of our landlords is heard and that any changes will have as little impact on your income as possible.  As we feel it is inevitable that there will be some changes if you would like to participate in a petition regarding this please follow the link:  https://petition.parliament.uk/petitions/173668

Assuring you as ever of our best attention at all times.

Contact us

4/5 George Row,
Northampton,
Northamptonshire,
NN1 1DF
Telephone: 01604 603433

Contact us

15 Market Square,
Daventry,
Northamptonshire,
NN11 4BH
Telephone: 01327 879431

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