Phipps and Pritchard Estate Agency with residential and commercial property for sale and to let
 

IMPORTANT INFORMATION ABOUT OUR FEES:
WHEN YOU RENT A PROPERTY VIA US WE WILL CHARGE A DOCUMENTATION FEE. OTHER FEES MAY APPLY. FOR MORE INFORMATION ABOUT OUR FEES AND HOW THEY ARE CALCULATED CLICK HERE

McCartneys in parnership with Phipps and Pritchard
   

Phipps and Pritchard Letting

Landlord Information

NOTICE TO PROSPECTIVE LANDLORDS
CONFIRMATION OF FEES


FULL MANAGEMENT SERVICE:

Letting Fee: £240 inclusive of VAT (£200 + £40.00 VAT)

Commission: 12% inclusive of VAT (10% + VAT) of the monthly rent thereafter.

Commission Example: £500pcm x 12% = £60.00 (£500pcm x 10% = £50 + £10 VAT (20%) = £60)

  • Free Rental Valuation given with advice and guidance on the many varied aspects of property letting, including everchanging legislation.
  • Colour advertising in the local press, limited to a maximum of three: exclusive promotion on Phipps & Pritchard with McCartneys , Rightmove and OntheMarket websites; Rental Guide and window cards displayed in our dedicated Lettings and Management Centre at 32 Worcester Street, Kidderminster; Rental Guide available in our other local offices; To Let boards if required.
  • Prospective tenants are accompanied by a viewing representative where needed. Following interview successful tenants are vetted by a professional referencing agency or through our own investigations with the additional security of a guarantor requested if felt necessary.
  • Professionally approved Assured Shorthold Tenancy Agreements are drawn up, or alternative contracts if appropriate, these being necessary for the Landlord to comply with and gain protection of the relevant Rent and Housing Acts, together with full inventory and schedule of condition, meter readings and photographic schedule of condition.
  • Tenants are required to pay an additional returnable deposit against possible non-payment of rent or damage to property. Phipps & Pritchard are members of The Dispute Service and registered to hold tenants’ deposits as under The Housing Act 2004 such deposits are under the Tenancy Deposit Protection scheme and cannot be simply retained by the landlord unless agreement with the tenant is reached. When a tenant leaves a full property inspection and inventory check is carried out. Any dilapidation claims out of the deposit are dealt with but it must be remembered that these are subject to fair wear and tear.
  • Arrangements made for the provision of Landlords Gas Safety Records and Energy Performance Certificates etc as mentioned in Guidance Notes for Landlords
  • All rent monies are held in a protected discrete account, with each client’s funds readily identifiable under Royal Institute of Chartered Surveyors regulations and subject to their periodic inspection. For individual monthly tenancies detailed rent statements are issued and posted each month with net proceeds sent direct to clients’ bank accounts as cleared funds around the middle of each month.
  • Periodic inspections are carried out as deemed necessary, usually a three months initial inspection and thereafter every six months.
  • Co-ordination of repair and maintenance, with the overseeing of work following obtaining estimates where required, and the settlement of invoices from rental income is arranged. At an additional charge more extensive repairs and refurbishment can be organised and supervised.
Additional Charges  
Redrafting/renewing tenancy agreements within an existing tenancy £60.00 inclusive of VAT
Hourly Rate for dealing with insurance claims £60.00 inclusive of VAT
Hourly Rate for dealing with Dispute Resolution Service £60.00 inclusive of VAT
Agency Termination Notice £200.00 inclusive of VAT
Duplicate Rent Statements – for each month requested £6.00 inclusive of VAT
Annual Tax Schedule £36.00 inclusive of VAT
   
Professional Hourly Rate:  
Charged by the Agent when require to carry out any additional services £60.00 inclusive of VAT
Energy Performance Certificate £90.00 inclusive of VAT

Redecoration/Refurbishments –based on the total net invoice of works.
Minimum amount £1000.00 - subject to a 12% handling charge (inclusive of VAT) e.g: £1000 x 12% = £120 (inclusive of VAT)

12% inclusive of VAT
Additional Property Visits £60.00 inclusive of VAT

 

TENANT FIND ONLY SERVICE:


Letting fee: 75% of monthly rent plus VAT
Example: Rent £600pcm x 75% = £450.00 + £90 VAT = £540.00 inclusive of VAT
(minimum fee would be £300.00 plus VAT on £400 per calendar month and below)
Example – If monthly rental is £375 then our fee to find a tenant would be £300 + £60 VAT = £360.00 inclusive of VAT

This service includes:

  • Free Rental Valuation given with advice and guidance on the many varied aspects of property letting, some mentioned below, including ever changing legislation
  • Colour advertising in the local press, limited to a maximum of three: exclusive promotion on Phipps & Pritchard with McCartneys , Rightmove and OntheMarket websites; Rental Guide and window cards displayed in our dedicated Lettings and Management Centre at 32 Worcester Street, Kidderminster; Rental Guide available in our other local offices; To Let boards if required.
  • Prospective tenants are accompanied by a viewing representative where needed. Following interview successful tenants are vetted by a professional referencing agency or through our own investigations with the additional security of a guarantor requested if felt necessary.
  • Professionally approved Assured Shorthold Tenancy Agreements are drawn up, or alternative contracts if appropriate, these being necessary for the Landlord to comply with and gain protection of the relevant Rent and Housing Acts, together with full inventory, meter readings and photographic schedule of condition.
  • Help offered with the provision of Landlords Gas Safety Records, Legionella Risk Assessments and Energy Performance Certificates etc as mentioned in the Landlords Guidance Notes.
  • Tenants are required to pay an additional returnable deposit against possible non-payment of rent or damage to property. If a deposit has been collected and requires protecting under the Housing Act 2004 rule then you will either need to have a custodial scheme account of your own for us to transfer the deposit money into or you will have to purchase protection with an insured scheme and we will only send you the deposit once you have sent evidence of that protection. We will not, however, have any involvement in the agreement about the refund of the deposit or any disputes at the end of the tenancy.
  • Collection of the initial rent and deposit on the tenants moving in with original copy of the Assured Shorthold Tenancy Agreement together with inventory and photograph schedule supplied to Landlord. All responsibility is then handed to the Landlord including arrangements at the end of the tenancy.
Additional Fees  
To serve Section 21 notice on behalf of the Landlord
(please note if any changes have occurred with the tenancy since our involvement the landlord is obligated to provide all necessary information to ensure correct legal procedures are adhered to)
£150.00 including VAT
Hourly Rate for dealing with insurance claims £60.00 including VAT
Hourly Rate for dealing with Dispute Resolution Service £60.00 including VAT
Redrafting/renewing tenancy agreements £150.00 inclusive of VAT
Hourly Rate for dealing with Dispute Resolution Service £60.00 inclusive of VAT
Administration charge to protect a deposit with TDS £60.00 inclusive of VAT

 

CLIENT MONEY PROTECTION PROVIDED BY RICS
INDEPENDENT REDRESS PROVIDED BY OMBUDSMAN SERVICES: PROPERTY

For further information and advice please contact
Lettings and Management Centre
32 Worcester Street
Kidderminster
Worcestershire
DY10 1EW
01562 861886

 

 
 
Copyright 2014. Phipps and Pritchard Estate Agents Kidderminster, Stourport, Bewdley - All rights reserved.