Fees
SUMMARY OF TENANT FEES (INCLUSIVE OF VAT @ 20%)
| Administration fee - garages/commercial (processing the application, arranging the tenancy and contract negotiations) | £90 |
| Credit check - garages/commercial | £42 |
| To change terms of tenancy | £50 (per amendment) |
| To replace lost keys/security devices | Cost of keys/security devices plus reasonable charge in arranging |
| Late payment of rental (after 14 days overdue) | 3% above Bank of England base rate |
| Early termination fee | To be advised subject to landlord approval |
| FEE DESCRIPTION (FOR EXISTING TENANCIES PRE- 1 JUNE 2019 AND UP TO 31 MAY 2020 | |
| To provide a landlord reference (written/submitted online) | £24 |
| To return overpaid monies paid in error by tenant (returned to tenant via bank transfer or cheque) | £18 |
| Late payment of rental (fee per letter sent in relation to rental arrears) | £18 |
| To provide (additional) paper copy of tenancy agreement | £18 |
| To provide (additional) paper copy of inventory | £18 |
| Fee to arrange works via contractor/s (for works required following check out) (Contractor invoice additional cost) | £12 (per contractor) |
| Tenancy renewal fee | £50 (per tenancy) |
FEES FOR LANDLORDS
| Fees charged dependent on level of service offered: | |
| Introductory (Tenant find) – 6 month tenancy | Two weeks rental plus VAT |
| Introductory (Tenant find) – 12 month tenancy | Three weeks rental plus VAT |
| Basic (Rent collection) | 9% + VAT |
| Fully Managed | 12% + VAT |
ADDITIONAL LANDLORD FEES (INCLUSIVE OF VAT @ 20%)
| Tenancy set up fee (to include tenant referencing & right to rent checks, 1 x guarantor reference (if applicable) preparation of initial tenancy agreement, arranging inventory, registering the deposit & issuing the How to Rent guide and other prescribed information (1) | £240 / £360 / £300 |
| Tenancy renewal fee – fixed term (to include re-registering of deposit, drawing up the new tenancy agreement/extension paperwork & re-issuing of prescribed information (2) | £200 / £180 / £150 |
| Tenancy renewal fee - periodic | £42 / £42 / £36 |
| Preparation of tenancy agreement | £90 / Included in (1) / (2) / Included in (1) / (2) |
| To register/administer deposit | £90 / Included in (1) / (2) / Included in (1) / (2) |
| Income & expenditure report (to provide a print out for landlords annual tax return) | £42 / £42 / £36 |
| To arrange Energy Performance Certificate (EPC) (EPCs are valid for 10 years) Cost of assessor producing report additional) | £36 / £36 / £30 |
| To arrange gas safety inspection (cost of engineer/certificate additional) | £36 per annum / £36 per annum / Included in management fee |
| To sign/administer landlords own tenancy agreement | £54 / £48 / £40 |
| To arrange Portable Appliance Test (PAT) safety check (recommended every 5 years) (cost of engineer additional) | £36 / £36 / £30 |
| To arrange installation of smoke alarms/CO detectors (cost of engineer & alarms/detectors additional) | £36 / £36 / £30 |
| To carry out a mid-term property inspection (to inspect & provide a written report to the landlord either in addition to those already carried out under full management service or as an additional service to basic and introductory services) | N/A / £60 / £36 |
| Make application to renew the rental to the rent officer (where a statutory tenant occupies the property) | N/A / £180 / £156 |
| To make application for HMO licence (collating and submitting property details/paperwork/certificates) (cost of licence additional) | £300 / £150 / £120 |
| To arrange cutting of keys (cost of keys additional) | £24 / £12 / Included in management fee |
| Project Management fee (to obtain estimates and arrange maintenance/supervise works via contractors whilst the property is vacant) | Price upon request / Price upon request / Price upon request |
Independent redress provided by:
The Property Ombudsman
Milford House
43-55 Milford Street
Salisbury
Wiltshire
SP1 2BP
Telephone: 01722 333306
Young Lee is part of the following Client Money Protection Scheme:
The National Approved Letting Scheme (NALS)
Cheltenham Office Park
Hatherley Lane
Cheltenham
GL51 6SH
Telephone: 01242 581712
Deposit Protection Scheme provided by:
Tenancy Deposit Scheme (TDS)
PO Box 1255,
Hemel Hempstead,
Hertfordshire
HP1 9GN
Telephone: 01844 262891