Fees description

Landlords’ charges:

Let only Admin service (conducting viewings, property inspection, marketing/advertising of property, agreement preparation, advise all utilities providers of changes) – 2 weeks of rental income (e.g. where Monthly Rent is £400, 2 weeks of rent will be {(400*12)/365= £13.15 daily rate *14days = £184.10 2 weeks rent}

Management service (rent collection and remittance, property inspection, monthly invoice generation, organising and supervision of repair works, advice all utility providers of changes, guide and advice on statutory requirements compliance etc.)  – 0% for first 3months after which 5% of Monthly Rent per property.

Deposit Protection Scheme Registration fee Per Tenant and Property – £20

Inventory ‘check in’ – £120

Service of notice seeking possession – £80

Service of rent increase notice – £60

Tenants’ charges:

One Month Rent

Refundable Tenancy Deposit (No more than 5 weeks rent where rent is less than £50,000 or 6 weeks rent where total annual rent is £50,000 or above)

Refundable Holding Deposit (1-weeks’ rent)

Renewal or Change of Tenancy On Demand by Tenant – £50

Early Termination of Tenancy by Tenant – Subject to Landlord Loss

Rent Payment Default Fee – 3% interest after 14 days

Replacement of lost Key / Security – Cost of replacement

Sales of Properties Fee: 1% of Sale Value

Note

We are Not VAT registered.

WE ARE MEMBER OF THE PRS (PROPERTY REDRESS SCHEME) Membership No: PRS007889

Magben is committed to outstanding Real estate service

Call us for more enquiries, schedule viewing for your perfect home