- +Setup fee - £195
This includes tenancy setup on our systems and preparation of the Assured Shorthold Tenancy Agreement for e-signatures as well as other Tenancy & Legal Documents required by law (see below for more details).
- +Strategic Consultancy - Included
This service comprises the Renters' Rights Bill Strategic Consultancy and the Optimization of Property Space as required. It doesn't include the HMO bill calculation as these need to be paid separately if needed.
- +Tenant Find & Viewings - £140
This includes database search and/or property listing to find the right tenants, screening and viewings. Before showing your property around, we carry out the pre-screening of all applicants, and when we meet at the property, we make sure they will be a good fit before starting the referencing process. So far, we have never refused an applicant from the moment we decided to start the referencing process on them.
- +Tenant Referencing - £95 per applicant
We ask 3 years of address and the last landlord's reference; We request the employer's references (or accountant or relevant client if applicable); We carry out an affordability test and make sure the tenants' income is appropriate to sustain the rent; We request a full credit check and CCJ record, and we check Right-to-Rent. A guarantor is added to back up the tenancy when required.
- +Inventory - £160 (£80 Changeover/Room)
This includes a schedule of condition of the property showing the details of the fixtures and fittings, the decoration, the furniture (where applicable), the interior and exterior of the property, and the garden and patio when present. It comprises a general description of the property and extensive photographic evidence for access to all parties. Costs £160 for up to 2-bed properties and £190 above that.
- +Tenancy Agreement
Production of the Tenancy Agreement between the tenant(s) and the landlord.
Our Tenancy Agreements are state-of-the-art documents that were published by the government to balance the interests of tenants and landlords. In summary, they offer the following advantages:
- Written in plain English
- Include the latest legislation
- Stored on our portal servers for safe-keeping
- Use digital e-signature
See our electronic AST: View AST Document >>
- +Legal Documents
All documents relating to the tenancy are compiled in the landlord's name and provided at the onset of the tenancy, including references and safety certificates. We also issue all legal documents to the tenants as required by the How-to-Rent guidance from the government.
- +Standing Order Mandates
From the second month onward, standing orders will be arranged for the rent to be sent to our bank account for processing before producing the statement of account of the managed property. Payment to the landlord is due within 5 working days of the rent due date.
- +Deposit Protection
The Deposit Protection retention is due each time a property is let and will be secured under the RentHappily membership of the DPS as part of our management service.
- +Tenancy Management
All aspects of the tenancy management, including: Rent collection & payment into UK bank account; Property maintenance relating to the tenancy; Safety certificate renewal as per tenancy requirements; Monthly statement of account with expenses breakdown; Liaison and access management with tenants; Safety advice and regulatory compliance of property as and when required.
- +Interim Inspections
Our regular inspections are the opportunity for the tenants to raise any concerns they have with the house as well as to make sure the property is looked after appropriately. The Inspection Report (View PDF) you get after each visit shows the standard of the property up-keeping and complies with state-of-the-art legal requirements.
- +Property Maintenance
We work with a pool of reputable and affordable tradespeople. Our contractors are VAT exempt whenever possible and they mostly work locally, which makes it cheaper and faster, yet we can work with the contractors of your choice if preferred. The maintenance of the appliances, fixtures and fittings and inventory items is included in the management fee. We can assist with most aspects of the maintenance of your property, and we provide competitive quotes for amounts over £500. Maintenance of the property or issues not directly caused by the tenancy carries our standard 15% management fee (min £40) on top of the contractor's invoice, subject to our T&C.
- +Check-out Report - £125 (£80 for Rooms)
Once the tenants have left, we check the state of the property and make sure any damage is either repaired by the tenants or discounted from the deposit. This includes liaison with the DPS when the property is managed by us.
- +Non Resident Landlord taxes
Non Resident Landlord (NRL) retention and payment to HMRC, including the tax breakdown in the monthly statements of accounts.