D&N PROPERTY MANAGEMENT
LANDLORD FEE STRUCTURE
All our landlords are important to us so we make sure that they receive a very personal service from experienced letting agents who have extensive knowledge of the local area.
The fee which we charge will always remain as competitive as possible without compromising our high standards of service. So although a general guide of our fees are listed below, we would suggest any landlord thinking of renting out a property locally to contact us to discuss in more detail the options available.
Fully managed let
Marketing property for rent, arranging accompanied viewings (as appropriate), sourcing suitable tenants, conducting extensive referencing, preparing all paperwork and progressing a tenancy through to commencement – is two weeks rent.
Providing a complete management service from commencement of a tenancy to termination including regular internal inspections of the rental property – in the region of 10% of the monthly rent. Rates vary depending a landlords specific requirements.
The fully managed service is run by D&N Property Management Ltd.
- Carry out periodic property visits and reporting back to landlord throughout the tenancy.
- Rent collection and remitting to landlord. Including chasing of late rental payments (if applicable).
- Arrange routine repairs and instructing contractors.
- Hold a set of management keys throughout the tenancy.
- Arranging check out with tenant at the termination of the tenancy and attending. Negotiating between landlord and tenant on any disbursement of the security deposit.
- Return of the deposit to relevant parties with prior agreement. Instruct traders to carry out agreed works that may be required.
Marketing property for rent, finding suitable tenants, arranging accompanied viewings (as appropriate) conducting extensive referencing, preparing all paperwork and progressing a transaction through to commencement – is three weeks rent.
Additional charges – let only or managed
Inventory (condition) report – Are carried out by an independent company to produce a comprehensive Inventory. Charges are based on the size of the property:
1 bed £80 2 bed £100 3 bed £120 4 beds £140 5 beds £160
Withdrawal fee – Where tenants are sourced and terms agreed, should a landlord then subsequently withdraw from an agreed transaction a charge of £360 will be applied as a contribution towards any costs incurred and time taken to progress the prospective let to that particular point.
Renewal fee – If a landlord and tenant wish to renew an existing tenancy then D&N Property Management will charge £360 (this fee includes issuing a new deposit certificate) to advise on potential rental uplifts, re-negotiate terms including advise on any rent increases, draw up new paperwork and finalise the contracts.
Section 13 Notice – notice required to serve to increase the rent should the tenancy be on a Statutory Periodic Tenancy. This can be done annually in line with the market conditions – £120
Section 21a Notice – notice required to serve to gain possession of the property – £60 (Only applicable to Let Only service)
- Client money protection using My Deposits.
Please note: All charges by D&N Property Management are not related to HS Estate Agents and is a third party.
For more information, please contact the HS Estate Agents team!