LET ONLY SERVICE – 10% + VAT
RENT MANAGEMENT SERVICE – 12% + VAT
FULL MANAGEMENT SERVICE – 17.5% + VAT
ADDITIONAL FEES AND CHARGES;
- A Professional Inventory- £125.00 - £300.00* (inc. VAT)
A detailed and photographed inventory report confirming the Schedule of Condition, carried out by a third party company to ensure all parties remain impartial.
- Attended Check In - £125.00 - £300.00 (inc. VAT)
Our appointed representative meets your Tenant's on the day of move in to confirm the schedule of condition.
- Tenancy Renewal Fee - £150.00 (inc. VAT)
Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.
- Serve Section 21 Notice - £50.00 (inc. VAT)
- Energy Performance Certificate - £100.00 (inc. VAT)
- Gas Safety Certificate - £100.00 (inc. VAT)
- Legionnaires Risk Assessment - £138.00 (inc. VAT)
- Court Attendance - £50.00 per hour
Permitted Tenant Charges
All charges include VAT at the prevailing rate of 20%, but are subject to change should the VAT rate increase. We reserve the right to amend our fees if we give you reasonable prior notice.
You should allow for the following payments when making an offer to rent a property:
Holding deposit, no more than one week’s rent.
All offers are subject to contract and the holding deposit will be held against our expenses in processing your application. Please be aware that if you make an offer which you later withdraw, or which is aborted due to poor references or false information, then you may lose all or some of the above. Please ask us for further details.
*If your offer is accepted then this amount will be set off against the initial rental payment, so you are not making this payment twice.
References and Right to Rent Checks
All applicant references are undertaken by an independent specialist referencing company. You will be asked to complete their online application form.
You will need to provide us with proof of your right to rent a property in England, in line with the Immigration Acts 2014 and 2016 and to prove your current address.
Offer acceptance stage
If your offer is accepted (subject to contract) then 48 hours before the tenancy starts you will need to make the following payments to us by cleared funds, which are usually:
Rent (less the holding deposit already taken as above) 1 x month’s rent
Security deposit 5 x week’s rent
However, this may vary depending on the individual landlord’s instructions and requirements.
Deposit Replacement Service
A Zero Deposit Guarantee costs one week’s rent. This is an optional service that tenants can take up at the point of offer and replaces the stranded 5 weeks security deposit which is typically held with The Deposit Protection Service (DPS).
Default Fee’s for lost keys
£30 per key that requires cutting, and £50 per security key/fob.
The landlord reserves the right to charge interest (calculated from day to day) at 3% over the Bank of England base rate on late payments and the landlord may recover the interest as though it were rent.
Amendments to the tenancy terms
Should you wish to make any changes or amendments to the terms of the agreement once the tenancy has started then, dependent upon your landlord agreeing, we will draw up an addendum to the agreement.
Addendum - £120
Surrendering/Terminating your tenancy
There are no provisions for the Tenant(s) or the Landlord(s) to terminate this agreement before the expiration of the fixed period. In the event that both parties agree to vary this clause rent will be due up until the end of this agreement or when the Landlord(s) or new Tenant(s) takes possession of the premises. In addition, if the request to vary this clause was at the request of the Tenant(s), the Tenant(s) will reimburse the Landlord the letting commission (10% of the rent +VAT) from the date of early termination until the date that this contract was originally due to expire.
Oakhill are Approved and Authorised by The Property Ombudsman and Client Money Protection (CMP). Client Money Handling Procedures are covered in the Propertymark Conduct and Membership Rules, the Rules are available here