What is it going to cost?
McCartan Lettings Swansea like to keep things as simple as possible for our landlords.
Unsure which service type you need? If you are a licensed landlord making a career of buy-to-let investment, Let Only might be for you. If you find yourself thinking there’s more important things you want to be doing with your time beside handling maintenance calls and chasing rent, we’d recommend Full Management.
We are transparent with our fees, and you can find them all listed below with VAT included.
Occupation contract set-up fee:
95% of 1st months rent, minimum fee £597.00
Deposit management (optional):
£120.00
Renewal of contract: (optional):
£120.00
Hourly rate:
£75.00 per hour, minimum fee £75.00
Notices for possession:
£90.00 per notice
Property visit report:
£150.00
Occupation contract set-up fee:
75% of the 1st months rent, minimum fee £450.00
Management monthly fee:
15% of the monthly rent due
Rent guarantee & legal expense service:
2.4% of the monthly rent due
Renewal of fixed or periodic occupation contract:
£95.00
Issuing a written statement:
£60.00
Property visit report:
£85.00 (6 monthly)
Transfer of property to new landlord fee:
£180.00
Administration of rent guarantee claim:
£150.00
Hourly rate:
£75.00 per hour, minimum fee £75.00
Issuing notices for possession:
£90.00 (per notice)
Court attendance:
£240.00 all day of part thereof
Bailiff attendance:
£95.00
Landlord rescue service set-up:
£900.00
EPC report:
1 – 4 beds £90.00
5 beds or above POA (valid for 10 years)
Gas safety certificate:
£75.00 (valid for 1 year)
Gas safety & service:
£95.00 (mandatory with all back boilers)
Electrical condition report – flats/apartments
1 bed £120.00
2 beds £150.00
3 beds £170.00
(plus £85.00 for furnished or tenanted properties)
Electrical condition report – houses
1 or 2 beds £160.00
3 or 4 beds £180.00
5 or 6 beds £210.00
(plus £85.00 for furnished or tenanted properties)
Electrical condition report retest
£30.00
Legionella risk assessment report 1-4 beds:
£108.00 (valid for 2 years)
(5 bed and above POA)
Roofer emergency call out fee:
£150.00 for 1st hour
Damp report:
£144.00
Vacant property visit & report:
POA, minimum fee £50.00
Independent inventory set-up and updates
1 bed £135.00 unfurnished, £150.00 furnished
2 beds £145.00 unfurnished, £160.00 furnished
3 beds £155.00 unfurnished, £175.00 furnished
4 beds £180.00 unfurnished, £210.00 furnished
5 beds £210.00 unfurnished, £250.00 furnished
Independent inventory check-out
1 bed £110.00 unfurnished, £120.00 furnished
2 beds £110.00 unfurnished, £120.00 furnished
3 beds £130.00 unfurnished, £145.00 furnished
4 beds £160.00 unfurnished, £185.00 furnished
5 beds £200.00 unfurnished, £230.00 furnished
Obtaining proof of ownership:
£30.00
Re-issuing or amending contracts:
£30.00
Minimum fee (in case of early termination):
£420.00
Duplication & testing of keys:
£12.00 plus the cost of key cutting
Administration of NRL tax returns:
£300.00 per year
Duplicate end of year statement:
£15.00 (increasing to £50 between 1st January & 31st January)
Organising property refurbishment:
minimum fee £1500.00 – depending on level of refurbishment
Property uplifts:
12% of cost of works over £1000.00
Furnishing advisory aervice:
By quotation (dependant on size of property)
Property sourcing service:
1.8% of purchase price, minimum fee £1500.00 (on completion of sale)
Buy to let advisory service:
£149.00 per hour
Additional Fee Information
That the Property will be supplied with a minimum of one working, mains powered and interlinked, smoke alarm per floor, and a carbon monoxide alarm in every room as specified by legislation; and, if not present, the Agent can arrange for the fitting of appropriate alarms at the Landlord’s expense.
The Landlord will not hold the Agent liable, and will refund any losses to the Agent, for the cost of complying with any existing or future legislation affecting the letting of the Property and the cost of repairing and removing and replacing any dangerous and/or defective equipment and/or furnishings with safe and compliant equipment and/or furnishings
The Landlord agrees that agreed costs of repairs will be deducted from due rent with any balance owed above the rent to be paid as an ad-hoc sum.
The Agent will use its best endeavours to notify the Landlord whether or not the Property requires a licence under an existing or new licensing scheme under the Housing Act 2004. Where a licence is required, and a licence has not already been issued, the Landlord will apply for the licence and pay the applicable fee. The Landlord will apply for a renewal of the licence in good time, when this is needed. The Landlord will provide the Agent with a copy of the licence or confirmation from the local authority that a licence application has been received, before the new scheme is in force, before the Property is first let or before the licence is due for renewal, as appropriate. The Landlord will not hold the Agent liable, and will refund any losses to the Agent, for any fines or other penalties as a result of the Landlord’s failure to make an application for, or renew, a licence and pay the fee.
That the Landlord will compensate and reimburse the Agent for all costs and expenses, penalties, claims or liabilities incurred or imposed upon the Agent including anything awarded by a court in connection with the management of the Property under this agreement, unless the loss or liability arises through negligence or breach of contract.
The Agent will pay for repairs out of rent money held and where the monies held are insufficient to cover the cost of a repair the Landlord will pay the Agent any shortfall upon demand.
If the Agent has committed expenditure or undertaken work, the Landlord agrees to reimburse the Agent with those costs and expenses.
What is included?
Whichever you choose, you can be confident we are giving your property the same exposure, and that your applicants will undergo the same diligent referencing procedures.
It’s then up to you whether you’d like us to take the worry off your hands completely, or set you up for a smooth and successful tenancy you manage yourself.
Take a look at what our landlord services entail in the table below.
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