Landlord Fees, Contracts and Finance

Standard Fees


Tenant Find: 


One months rent inclusive of VAT. Subject to minimum fee of £399.00 inclusive of VAT 


Tenancy renewals: £50.00 inclusive of VAT (£41.67 + VAT)


Fully Managed :


Set up fee:  60% of first months rent Inc VAT. 

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​Monthly Commission 9.6% inclusive of VAT (8% + VAT)


Tenancy renewals: £50 inclusive of VAT (£41.67 + VAT)

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Other Fees

• Inventory check-in: £50 • Inventory Check Out Fee £50 (deducted from final months rent) Gas Safety Certificate: £50 • Electrical Safety Certificate: £150 • Energy Performance Certificate: £70

Contracts

A tenancy agreement is the contract between landlord and tenant. The quality of the tenancy agreement used can have a direct impact on your ability to make a claim on the tenant’s deposit, to hold them liable for rent, utilities and to ensure any notices are correctly served or received.

For this reason, we can provide you with a standard tenancy agreement but you should take legal advice to check whether it is appropriate for your circumstances.

Rental payments

Our system allows us to transfer rent to your nominated bank account usually within 24 hours of receipt. All transactions are copied to you via email and duplicates can be supplied upon request.

Deposits

The deposit for a let is usually equivalent to one month’s rent. We are legally required to register a deposit for an Assured Shorthold Tenancy every time a tenancy is granted, extended or renewed. Failure to do so entitles the tenant to make a claim against the landlord and the penalty for non-compliance is up to three times the deposit value. For Assured Shorthold Tenancies, the deposit will be registered with www.depositprotection.com Landlords and lettings agents who take a deposit in England and Wales must protect it within 30 days of receiving the money from the tenant.

Edwards Rentals offer comprehensive management or lettings only service which is outlined below.


Edwards Services

Property Management Service

Letting Only Service

Rental Assessment

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Comprehensive marketing to find a suitable tenant

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Accompanied Viewings

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Obtaining tenant references & identity verification

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Preparation of tenancy agreement

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Pre-tenancy safety checks

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Inventory Check In

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Collection of rent

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Transfer of Utilities

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Keyholding service

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Arrange payment of outgoings

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Arrange quotes, repairs & maintenance

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Access to panel of vetted contractors

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Property Inspections

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Compliance Advice

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Managing the Check Out Process

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Deposit claim negotiation, compilation & submission

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