C.H. Peppiatt Estate Agents Services
1. The Let Only Service:
12% annual fee (10% + VAT)
This service is suitable for those who live close to the property and/or are happy dealing with rent collection, maintenance and repairs.
As above, we will assess your property in relation to the current market conditions and promote it through web portals and website in order to match your property with suitable applicants through our extensive tenant register. The next step is to arrange and accompany viewings to the property, interview and assess potential tenants, negotiate the tenancy in line with your instructions and fully reference check the tenants to comply with government guidelines.
Then we will make arrangements for the tenants moving in, write up the tenancy agreement and make amendments where required, collect the first month’s rent and deposit on your behalf, and if required, place the tenant's deposit in a tenancy deposit scheme. Finally, we will review the rent and negotiate any subsequent renewal of the tenancy and of course deal with the return of all deposits that we hold when the tenancy ends.
2. Rent Collection Service:
14.4% annual fee (12% + VAT)
Our rent collection service incorporates all aspects of our let only service, including property assessment, property promotion, selecting and credit referencing suitable tenants and negotiating tenancies. In addition, though, we take the hassle out of rent collection, freeing you of the need to worry about it.
We collect and forward the rent directly to your bank account by BACS within three days of receipt. In the unlikely event of non-payment or shortfalls, we take responsibility for chasing these up and if necessary will attend court to regain possession of the property. Where appropriate we will also submit a rent claim to the insurance company under the rent guarantee, forward copies of the statement to your accountant and /or solicitor as requested and make any HMRC deduction as required.
3. Property Management Service:
18% annual fee (15% + VAT)
Our property management service is the most comprehensive option, and takes away all the day-to-day stress and inconvenience of managing your own property.
This service incorporates all the aspects of our standard let only service and our rent collection service, including property assessment and promotion, selecting and referencing tenants, negotiating tenancies and collecting rental. In addition, however, we will act as your tenant’s contact for all property management issues, act as key holders throughout the tenancy and provide a 24/7 emergency telephone line for the tenant.
We will also advise all relevant utility providers of changes and arrange prompt maintenance and repairs by reputable local contractors, including dealing with both estimates and invoices. Throughout the tenancy, we will be communicating all relevant details to you, as well as carrying out a property inspection at agreed intervals and serving appropriate notices.
Property management service also includes DRS (Dispute Resolution Service) if appropriate excluding statutory declaration submission fees (see below under additional charges).
Additional fees and charges
Tenant & Guarantor Referencing:£30 per person
Right to Rent Check and Know Your Client Check Only:
£15 per person
By separate negotiation depending on portfolio size.
Our renewal service includes advice on current rent, contract negotiation, amending and updating terms and arranging a further tenancy and agreement.
Cost Price. Usually £130 - £350 depending on the number of rooms, size of the property etc.
Cost Price. Usually £70 - £130 depending on the number of rooms, size of the property etc.
Cost Price. Usually £80 - £150 depending on the number of rooms, size of the property etc.
We will agree with tenant check out date and time, instruct an inventory provider to attend, negotiate with landlord and tenant any disbursement of the security deposit and return deposit as agreed with landlord and tenant to relevant parties.
EPC (Energy Performance Certificate):
£90 - £125 depending on the size of the property
It is mandatory for landlords to make Energy Performance Certificates (EPCs) available to new tenants as part of the lettings process. Each EPC will last for 10 years. EPC rating has to be rated “E” or above for the property to be suitable for the tenancy. Additional costs will apply to carry out works to get the property up to the required standard.
Gas Safety Certificate:
A qualified Engineer (CORGI or British Gas) must check all gas appliances and installations on an annual basis, and also ensure flues and chimneys are clear of obstructions and in the correct place. Any items that fail to comply with the regulations must be fixed or removed immediately. The engineer must issue a certificate and a copy presented to the tenant at the start of any tenancy. Failure to comply with the regulations is a criminal offence carrying a penalty of six months imprisonment and/or a fine which is currently a maximum of £5,000.
Non-UK Resident Landlord Property Tax Affairs:
£480 annual fee plus accountancy fee if required (quoted upon request)
If you live outside the UK and choose not to 'self-assess' your tax, the Taxes Management Act 1970, Section 78 and 83 require us to assess you (deduct) at the basic rate of income tax (variable) from rents we collect on your behalf. If you choose to ‘self-assess’ we can apply for your Non Resident Landlord tax exemption number (FICO) for you. You can then either ask your accountant and tax office to write to us confirming that they accept liability for payment of your tax, or instruct our in-house accountant, who can give you advice or can be employed by you to take care of your tax affairs while abroad.
Statutory Declaration Submission (Deposit Dispute):
£35 per application plus legal fee and the cost of the recorded delivery
These are the legal fees for arranging a submission of paperwork which requires a lawyer’s signature in relation to deposit dispute processes.
HMO Licensing Administration:
£300 admin fee in addition to the council’s usual HMO license fees
Councils have their own charges depending on the borough your property is in plus the number of bedrooms, these charges will be passed onto the landlord. Additional charges apply to bring the property up to HMO standard.