Service Fees

Service levels and fees

Landlord Services

Unlike most other agencies, Daisy Lets & Sales do not charge renewal fees to ‘roll on’ contracts after the AST fixed period ends. We don’t charge for many of the ‘extras’ other high street agents do during our management service, and we generally charge less for management. You only pay the finding fee when we find you tenants who go ahead and sign an agreement for your property.

LETTING FEE: 4.8% OF ANNUAL RENT (4%+VAT) | MANAGEMENT FEE: 14.4% (12%+VAT) OF MONTHLY RENT

All points as for Letting and Fully Managed Services + PLUS +:
✓ Includes Rental Guarantee and Legal Fee Protection
✓ Professional Photography
✓ Floor Plans
✓ Enhanced Advertising as a Rightmove Featured Property and local magazines when available
✓ 5 free copy statements/invoices per year
✓ Annual Statements with sample Land and Property Pages completed to make your tax return completion easy!
✓ Annual portfolio reviews and rent reviews

LETTING FEE: 4.8% OF ANNUAL RENT (4%+VAT) | MANAGEMENT FEE: 12% (10%+VAT) OF MONTHLY RENT

✓ All points as for Letting only
✓ Dedicated property manager
✓ Securing ZeroDeposit 6 week bond or collecting 5 week security deposit from the tenant and transferring it into the DPS custodial scheme under our DPS ID, ensuring it is fully protected (fully protected) from the tenant
✓ Supervising the transfer of gas, electricity and council tax accounts into the tenant’s name
✓ Receiving rental payments monthly in advance, and paying you promptly, together with a detailed statement and management report
✓ Arranging the inventory and independent check in of your tenants with an inventory company (extra cost)
✓ Overseas landlords – NRL scheme, quarterly and annual returns, £50 per return per landlord
✓ Inspecting the property periodically, and reporting any problems to you (typically twice a year)
✓ Arranging any necessary repairs or maintenance, first liaising with you in the case of larger works over the £250 float
✓ Online Landlord Log ins – keeping an eye on the maintenance to your property and download your statements for free (Copy invoices emailed £15 per invoice/statement)
✓ Keeping in touch with the tenant, and arranging re-signing of the agreement as necessary (£125)
✓ Arranging the independent check out of your tenants as required with an inventory company and re letting (extra cost unless tenants contracted to pay it)
✓ Helpful annual tax return eg & report (£42 including VAT – opt out service)

9.6% (8%+VAT) OF ANNUAL RENT

For landlords who want to take over the reins once the tenants have moved in.

✓ Visiting you at your property, providing a rental valuation and any other advice which you may require regarding letting your property
✓ Free professional advice to help your property meets regulatory requirements
✓ High quality digital photographs, a web page dedicated to your property and a downloadable and printable PDF
✓ Free advertising board
✓ Free listings on leading websites including Zoopla, Rightmove and Primelocation
✓ Accompanying tenant applicants to view the property
✓ Details on file: We will store your property details so that we can immediately remarket, and place it back on the web, as soon as you are given notice (thus reducing the chance of void periods in the future)
✓ Collecting the first months rent and deposit from the tenant and deducting our fees from this
✓ Securing ZeroDeposit 6 week bond or collecting 5 week security deposit from the tenant and transferring it into the DPS custodial scheme under our DPS ID, ensuring it is fully protected (fully protected) from the tenant
✓ Credit checks and references – all tenants are fully referenced (employment, previous landlords and credit check) (£200 per applicant)
✓ Obtaining guarantors if required (£50 per guarantor)
✓ Preparing an Assured Shorthold Tenancy Agreement (AST) or appropriate agreement and arranging tenants’ signatures
✓ Arranging the check in and preparation of the independent inventory and schedule of condition with a professional Inventory company, and check out if required (at extra cost)
✓ Contract re-sign with same tenants on request £125

LETTING FEE: 4.8% OF ANNUAL RENT (4%+VAT) | RENT COLLECTION: 9.6% OF THE MONTHY RENT (8%+VAT)

 
If you would like to stay free from the stress of checking your account every month and potentially having to contact and chase your tenants for any late rent, we can provide you with a Rent Collection Service.

We will let your tenants know that we were responsible for collecting the rent, provide them with our bank details and request they set up a standing order to clear by their rent due date into our account,* we then keep an eye on their payments on your behalf, receiving the rent in and passing it on to you when we get it minus our service fee.

We reconcile your rents daily where possible and always a working day in arrears, we then use a bulk payments system which sends the rent to your account two working days after this. This is the minimum operating time, you need to allow for weekends and bank holidays. If you are relying on the rent to cover a mortgage with no financial buffer available please note we advise always to leave at least a week as a minimum between your mortgage payment being due and the rent due date. It is advisable to apply to your mortgage provider to change the date of your payment to allow for this minimum plus other delays just in case, two weeks is ideal as it means the process can then be less stressful for you. We would however recommend all landlords have at least three months rent available to them as a contingency in case of voids and major unexpected repairs as a matter of course for their own peace of mind.

(*we cannot implement a Direct Debit so the onus is on them to set up a standing order. We can provide your tenants with a form to take to their bank if they do not have online banking, but this is not a guarantee of rent as it can be cancelled at any time by them.)

We only charge you a letting fee once we find you a referenced tenant that you are happy to sign an Assured Shorthold Tenancy Agreement for your property.

For landlords that have already found their own tenants and would like us to take the administration off their hands.

Please note, landlords accept students from countries other than the UK at their own risk as we are unable to credit check them

✓ Taking first months’ rent and security deposit

✓ Assured Shorthold Tenancy agreement

✓ Advice & help with Tenancy Deposit Scheme registration choices

✓ Collecting one months security deposit from the tenant and transferring it into the DPS or My Deposits Custodial Scheme, registering it to your individual landlord ID ensuring it is fully protected

✓ Check in tenants

✓ Independent professional inventory

✓ Credit/reference checks (we will not charge your tenants)

✓ Credit/reference checks (we will not charge your tenants)

✓ £700 incl VAT – up to 2 bed properties

✓ £860 inc VAT – up to 3 beds /3 sharers

✓ £1020 inc VAT – for 4-5 bedrooms – up to 4 sharers

✓ 6 bed price on application due to inventory costs unknown

WHEN LETTING OUT YOUR PROPERTY

Daisy Lets & Sales make a point of charging no renewal commission should the tenants remain in the premises after the initial fixed term (we understand that we are one of only a handful of residential agencies offering this as standard practice).

✓ £117 for Gas Safety Certificate (if you do not already have one) or £153 including a boiler service.
✓ EPC (Energy Performance Certificate) if you do not already have a valid one as they last for 10 years – £95 up to 3 bedrooms, £100 4 bedrooms, 5 beds+ POA – . Please note you must obtain an EPC on marketing by law
✓ Legionnaires risk assessment from £177 London
✓ Fire Risk Safety Assessments £POA
✓ Preparation of full independent professional inventory. Price varies depending on property size and furnishing, extra receptions and bathrooms and Sunday/bank holidays attract additional costs £200+
✓ Smoke alarms/carbon monoxide detectors supplied and fitted at time of inventory if found to be missing £94 per unit (10 year battery only)
✓ Management take over from another agency £180 initial set up fee plus management fee per month
✓ Helpful annual tax return eg & report (£35+vat)
✓ Copy invoices/statements emailed £15 per invoice/statement
✓ Check out – professional independent report on condition and what is recommended to withhold – if any from tenants’ deposit. Price varies depending on property size and furnishing, extra receptions and bathrooms and Sunday/bank holidays attract additional costs £140-£200 (+ for larger properties)
✓ Obtaining possession/representing landlord in court – cost to be discussed if ever required.
✓ A new contract signed with your existing tenants at the end of a fixed term. £125
✓ We aim to reduce our carbon footprint and any negative impacts on the environment. As such, we use technology to produce all our documents in electronic form. If you would like a paper copy of any of our tenancy agreements, landlord agreement, there is a fee of £25 per document.

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