Tenants Fees

All properties can be reserved by receipt of a completed application form, together with a holding deposit of £125.00, or, if less, the equivalent to one weeks rent. This is not a fee and will be deducted from the first month’s rent in full.

Scale of Fees for Landlords

We have an initial fee of 60% of the first months rent inc VAT (subject to a minimum charge of £390.00 inc VAT which includes providing a tenant and full referencing via Homelet, a credit agency acting on our behalf . We provide your part of the tenancy agreement and serve the relevant notices. An inventory will be prepared, meter readings will be taken and the services will be transferred into the tenants name. We check the tenant in and out of the property and our first monthly fee is also included.

Please note: The cost of the gas inspection (if applicable), electrical inspection, EPC and Legionella risk assessment is not included.

From the second month onwards we charge a commission based on the gross monthly rent collected at a cost of 10% plus VAT (the incl. VAT figure being 12%) unless a variation of terms is agreed.

In addition to our full letting service we offer an ‘introduction only’ package whereby we provide a tenant complete with comprehensive referencing via Homelet, a credit agency acting on our behalf. We provide an Assured Shorthold tenancy agreement and an inventory which will be prepared by an independent clerk to confirm the condition of the property and the contents. We check the tenants into the property at which time meter readings will be taken and the services will be transferred into the tenants name. We will collect the first months rent and deposit for you and provide the tenant with your contact details for the payment of rent and future reference.

We have a fully inclusive one off charge for this service which is 90% inc VAT of the first months rent.

Please note: The cost of the gas inspection (if applicable), electrical inspection, EPC and Legionella risk assessment is not included.

Marc Allen Ltd is a member of the Propertymark Client Money Protection Scheme.See the conduct and membership rules here: https://www.propertymark.co.uk/professional-standards/rules.html

For further details of any of our services contact:

Marc Allen Lettings, 110 High Street, Hungerford, Berkshire, RG17 0NB Tel: (01488) 681824 e-mail: lettings@marcallen.co.uk     Marc Allen is the trading name of Marc Allen Limited registered in England (Reg No: 04311991)

updated Saturday 27th July 2024   S