FEES AND CHARGES
We do NOT
charge tenants any fees or charges for applying to rent a property, and tenants
who pay their rent on time and observe the terms of the tenancy will never
need to pay us any fees or charges.
all our services to Landlords on a NO LET - NO FEE basis.
Our standard services
are a Full Management service and a Tenant Finding service.
We are always happy, however, to tailor our services to your exact requirements.
our standard fee for our Full Management service is 12% of the monthly rent,
inclusive of VAT, with a minimum of £48 per month. We do not charge
any intial or setting up fees.
Finding Service: our standard fee for our Tenant Finding service is a
one off charge of 80% of the monthly rent (inclusive of VAT) whenever we find
a tenant willing and able to rent the property, with a minimum of £320.
We do not charge any intial or setting up fees.
fees: in some situations we will be happy to charge a reduced fee; this
may apply for larger and more expesive properties, for landlords who place
a large portfolio of properties with us, or in other situations where it is
appropriate to do so.
- we can offer rent
guarantee cover and we pass on the cost of this cover but do not charge
for arranging it
- if it is necessary
to take legal proceedings against a tenant we will NOT charge you
for our services or time or for appearing with or for you in court. If
you choose to employ a solicitor you will be responsible for the solicitor's
- we earn no
fee or commission for services we arrange on your behalf
for instance for safety checks and maintenance work;
this allows us to represent your interests to best effect; if we do receive
any fees or discounts for goods or services which we arrange we will pass
these on to you in full.
- we hold deposits
from tenants as "stakeholder" on behalf of both landlord and tenant in
accordance with current legislation covering the protection of tenancy
this money is held in an interest bearing account,
and we retain any interest earned as business income, thereby helping
us to keep our fees as low as possible
- there are
no tenant fees on any property we let
for instance for checking references or drafting or
renewing tenancy agreements; these charges (which are levied by most other
agents) can deter potential tenants from renting; we do, however, charge
tenants administrative fees when they do not pay rent on time or when
they call on our non-essential services in accordance with the arrangements
specified in our standard Tenancy Agreement
Simply Rent keep its fees low?
amongst the lowest fees in the area. We do this:
- by taking advantage
of modern working practices and the latest computer technology
using bespoke software specially written for our use.
- by eliminating
all overhead costs which do not directly contribute to the service
we give to our clients
- by keeping office
services to an absolute minimum; we do not have high street premises
as (unlike buyers) tenants prefer to search the web or ring around to
check availability when they are looking for somewhere to rent; we prefer
to go to our clients when they need to see us.
page was last updated on
3 May, 2016
© Simply Rent (UK) Limited 2014