Fees

SELLING FEES
HOMEOWNER FEES
 
Sole agency1.5% + VAT of Sold Price (1.8% VAT Inclusive)
Multiple agency3% + VAT of of Sold Price (3.6% VAT Inclusive)

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LETTING FEES
TENANT FEES
BEFORE YOU MOVE IN
Holding Deposit - Equivalent to 1 week’s rental per tenancy.
Once we are in receipt of your holding deposit should you then decide not to proceed with the tenancy, then your holding deposit will be retained by our firm. By the same token, if during that period you unreasonably delay in responding to any reasonable request made by our firm, and if it turns out that you have provided us with false or misleading information as part of your tenancy application or if you fail any of the checks which the Landlord is required to undertake under the Immigration Act 2014, then again your holding deposit will not be returned. It will be retained by this firm and your Landlord. However, if the Landlord decides not to offer you a tenancy for reasons unconnected with the above then your deposit will be refunded within 7 days. Should you be offered and you accept a tenancy with our Landlord, then your holding deposit will be credited to the first months’ rent due under that tenancy. Where, for whatever reason, your holding deposit is neither refunded nor credited against any rental liability, you will be provided with written reasons for your holding deposit not being repaid within 7 days. You will not be asked to pay any fees or charges in connection with your application for a tenancy.
Security Deposit - Equivalent to:
• 4 weeks rental per tenancy where the rental agreed is up to £50,000.00 per year.
• 6 weeks rental per tenancy where the rental agreed is £50,000.00 per year or over. This will be protected in a Government authorised scheme (if applicable) and may be returned at the end of the tenancy.
DURING TENANCY
Lost Key(s)/Keycard(s)/Fob(s): Cost of replacement and locksmith charges
Contract variation (Tenants request) on agreement with Landlord/Agent:£50 .00
Early Termination (Tenants request) on agreement with Landlord/Agent: tenant liable for landlord’s costs in re-letting plus rent due until commencement of the replacement tenancy for the contracted period.
Tenancy renewals: No additional fees










LANDLORD FEES
Let Only Service Rent Collection Service Full Management Service
9% Of Rent + VAT - Sole Agency
(10.8% inc VAT)

11% Of Rent + VAT - Multi Agency
(13.2% inc VAT)

Fees are payable for the entire length of the tenancy - additional renewal fees apply
INCLUDES ...
• Provide advice on market rent
• Provide advice on any refurbishment
• Provide guidance on compliance with statutory
provisions and lettings consents
• Marketing and advertising the property
• Carrying out accompanied viewings
• Finding a prospective tenant
• Collect initial rental payment and remit to the landlord after the deduction of fees and any pre tenancy invoices
9% Of Rent + VAT - Sole Agency
(10.8% inc VAT)

11% Of Rent + VAT - Multi Agency
(13.2% inc VAT)

Fees are payable for the entire length of the tenancy - additional renewal fees apply
INCLUDES ...
• Provide advice on market rent
• Provide advice on any refurbishment
• Provide guidance on compliance with statutory provisions and lettings consents
• Marketing and advertising the property
• Carrying out accompanied viewings
• Finding a prospective tenant
• Collect initial rental payment and remit to the landlord after
the deduction of fees and any pre tenancy invoices
• Collect and remit rental payments received and send rent demands for non-payment of rent
• Provide advice of rent arrears action
• Arrange the renewal of the Gas Safety Record and deduct payment from rental received
15% Of Rent + VAT - Sole Agency
(18% inc VAT)
17% Of Rent + VAT - Multi Agency
(20.4% inc VAT)

Fees are payable for the entire length of the tenancy - additional renewal fees apply
INCLUDES ...
• Provide advice on market rent
• Provide advice on any refurbishment
• Provide guidance on compliance with statutory provisions and lettings consents
• Marketing and advertising the property
• Carrying out accompanied viewings
• Finding a prospective tenant
• Collect initial rental payment and remit to the landlord after the deduction of the fee and any pre tenancy invoices
• Collect and remit rental payments received and send rent demands for nonpayment of rent
• Provide advice of rent arrears action
• Arrange any works or statutory obligations as required and deduct payment from rental received or any float held
• Protect security deposit with the Tenancy Deposit Scheme (if applicable)
• Undertake one inspection visit per annum and provide the landlord with a report
• Arrange routine repairs and instruct approved contractors
ADDITIONAL FEES AND CHARGES
Tenancy Agreement Fee: £200.00. Preparation and drawing up of the Tenancy Agreement. This charge is not applicable under our Full Management Service.
Renewal Agreement Fee: £99.00. Preparation and drawing up of the Renewal Agreement.
Tenant References: £35.00 per individual/guarantor
Key Cutting (at start of tenancy): £35.00 plus cost of keys
Gas Safety Certificate: £99.00 (On request)
Energy Performance Certificate: £99.00.(On request)
Legionnaires Assessment Report: £99.00.(On request)
Move-in or Move-out Schedule of Condition (Unfurnished): £180*.(On request) This charge is not applicable under our Full Management Service.
Move-in or Move-out Schedule of Condition (Furnished): £280*. (On request) This charge is not applicable under our Full Management Service.
Right to Rent Renewal Checks: £75.00 per individual check. This charge is not applicable under our Full Management Service.
Register Deposit with TDS: £50.00*. This fee is not applicable under our Full Management Service.
Deposit Negotiations (Dispute Resolution with TDS) - £60.00 per hour. If you request our services to reconcile or negotiate the damage or deductions from the Security Deposit on your behalf. This charge is not applicable under our Fully Managed Service.
Court Attendance: £60.00 per hour. Where we may be required to appear at court or a tribunal by special agreement only.
Serving a Section 13 Rent Increase: £60.00. This charge is not applicable under our Fully Managed Service.
Serving a Section 21 Notice: £60.00. This charge is not applicable under our Fully Managed Service.
Additional Property Management Inspection: £90.00.
Staff attendance at property: £35.00 per hour. If we do not manage the property and you require us to attend the property to allow access for delivery, builders, contractors.
Empty Property Visit: £50.00 per hour.
Management of Vacant Property (between tenancies) - If the property is vacant between tenancies and we are providing our Full Management Service, we are able to manage the property whilst it is vacant for a fee of £180.00 per month from the expiry of the tenancy or until the property is let.
Arrangement fee for refurbishment /improvement works - 10% of net cost (+ VAT) Includes the arranging access and assessing costs with contractors, ensuring work has been carried out in accordance with the specification of works & retaining any warranty or guarantee as a result of any works if requested.
Abortive Cost: £500.00 Where a landlord withdraws from an agreed offer, unless withdraw is due to the references on the proposed tenant/s being unsuitable, or if the tenant withdraws from the transaction prior to completion.
Non-Resident Landlords:If you are a Non-Resident Landlord and we are not in receipt of the relevant approval from HMRC, there will be a fee of £60.00 per quarter for the calculation of tax retention, forwarding of monies to HMRC and providing a certificate of tax deducted.
Overseas Funds Transfer Fee: £25.00 per transfer. Where a transfer of funds, including rental received on a Landlord’s behalf, is required to be made to an overseas account, this charge will be deducted from the funs to be transferred.
CHAPS Transfer Fee: £15.00 for a UK bank account.
Late Payment Charge: Interest at 3% above Bank of England Base Rate from date due. Where any payment is made later than 14 days after such payment falls due.


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INDUSTRY COMPLIANCE

Homesforte is a registered member of Association of Residential Lettings Agents (ARLA Propertymark), National Association of Estate Agents (NAEA Propertymark) and The Property Ombudsman (TPOS). We abide by stringent codes of conduct in both sales and lettings reassuring you of best practice at all times.

Independent Redress is provided with The Property Ombudsman and our Client Money Protection is provided by Propertymark. A copy of our Client Money Protection Certificate can be found here and a copy of the Propertymark's Code of Conduct and Membership Rules which we abide by, detailing our Client Money Handling Procedure can be found here. All Tenancy Deposits are protected using Government Approved Tenancy Deposit Scheme (TDS) and are accompanied by a detailed schedule of condition (check-in inventory).



If you have any specific enquiries regarding our fees and services, please contact a member of the Lettings team.