Fees

Charges (from 1st June 2019)
(All figures include VAT unless stated otherwise)

Landlords – The following fees may apply

Initial registration: An initial fee of £150 payable on landlord registration for all of the service below (to cover costs of identity verification, avoidance of money laundering checks, property ownership checks and other ‘set up’ costs) plus:

Full management: 10 -15% of rents collected plus VAT (fee dependent on nature and location of property)

Let and collect: 8% of rents collected plus VAT

Tenant find only: A sum equivalent to first month’s rent

Additional fees that may be payable:

Referencing fee (1st Tenant) – £96.00
Additional person referencing fee (2nd or subsequent tenants) – £60.00 per person
Guarantor referencing fee – £60.00
Inventory fees to third party inventory clerk. As a guide fees start from £60 (for an unfurnished studio apartment) and can be £105 (for a 4 bedroom unfurnished detached house)
DPS bond adjudication claim:
Obtaining relevant evidence for submission to the Tenant and the DPS – £30.00
On a dispute liaising with the Tenant and the DPS to arrange an adjudication –      £60.00
In addition to the above a Statutory Declaration fee (presently £5.00) is                    payable to an independent solicitor
Preparation and service of Section 8 or Section 21 Notices – £72.00

Fees for organising and supervising works undertaken by contractors, purchases of carpets, furnishings etc. on behalf of landlords:

Purchases, maintenance and repairs costing under £300. No charge where ‘Full Management’ Agreement.  12% of costs to be incurred where ‘Let and Collect’ Agreement

Purchases maintenance and repairs costing over £300.  12% of costs incurred payable as below:
For works anticipated to cost under £2,500 (inc VAT), fee payable in full on              receipt of estimates from contractors/suppliers
For works anticipated to cost over £2,500 (inc VAT) in 3 instalments:
£300 (inc VAT) payable on receipt of instructions to obtain estimates for works
Fee to make 6% of value of works/purchases payable on estimates being                 provided
Balance of 12% fee payable on completion of works/purchases

Please note that Collier Property Management will require receipt of funds to enable contractors to be paid prior to contractors being instructed. Funds will be held in landlord’s Reserve account on client account and paid in stage payments when works approved by Collier Property Management.

Tenants – The following fees may apply

As well as paying the rent, tenants may also be required to make the following permitted payments to Collier Property Management.
Before the tenancy starts:
Holding Deposit – 1 week rent
Deposit/Bond – Maximum of 5 weeks rent
During the tenancy:
For variation, assignment or novation of the tenancy agreement at the Tenant’s request a fee of £50, including VAT will be charged.
For the granting of consent under the tenancy agreement e.g. allowing a permitted occupier, consent to a pet etc. a fee of between £25 and £50, including VAT, will be charged
Payment of interest for the late payment of rent will be charged at a rate of 3% above Bank of England base rate
Where keys are lost, if the Agent assists, the Agent will charge the actual cost of a replacement if the key is collected from the Agent’s office. If the Agent meets the Tenant at the property, the Agent will charge for time at £15 per hour (or part thereof), including VAT plus the cost of the lost key

In addition to the above tenants will be responsible for payment of any unpaid rent or other reasonable costs associated with early termination of the tenancy

Payments by debit card are FOC. We regret that we do not accept payments by credit card.

Collier Property Management LLP is a member of the Safeagent, formerly NALS Client Money Protection Scheme