Managed

For landlords who are looking for a full management service where all responsibilties are taken care of.

 

Costs

Initial set-up fee of £350 plus VAT

Monthly fee equal to 12.5% of gross rental income + VAT

 

We do everything. 

  • Marketing your property on our own website as well as major property portals
  • Local newspaper advertising at cost
  • Conducting accompanied viewings
  • Initial vetting of interested parties to ensure that only those who meet key criteria view the property
  • Comprehensive referencing of potential tenants
  • Preparing and serving all tenancy documentation and arranging for signature
  • Collecting rent and issuing monthly statements of account
  • Collecting tenant's deposit and lodging with an approved deposit holder
  • Managing statutory repairs & provision of emergency cover
  • Arranging annual safety certification
  • Periodic property visits and reports
  • Annual rent review
  • Terminating tenancy when required
  • Managing the check-out process and making any recommendations for claim against tenant's deposit.

 

You'll also need -

  • Energy Performance Certificate (EPC) if there's not one already - this will remain valid for 10 years
  • Inventory- at the commencement of each new tenancy


Simply Let can provide these at additional cost - see details on our EPC and Inventory pages

 

Please note that the following recurring charges will apply -

  • Deposit handling - £50 plus VAT per tenancy
  • Reletting fee after each tenancy - £150 plus VAT