Oakfield Valuation

LANDLORD FEES

Services



Oakfield offers four different levels of letting services; Let Only, Rent Collection, Fully Managed and Collect & Pay. However, we pride ourselves on being as accommodating and flexible as possible so we can adapt our service to fully meet our clients specific needs.

Compare Our Services Let only Rental Collection only Full Management Collect & Pay
Visit to the property and establish the rental valuation
High profile marketing online and in our branches
Organise and accompany all viewings
Provide regular feedback from all viewings
Pass on ALL offers that have been made on your property
Once an applicant has been found Oakfield will take up suitable references, and carry out a credit search on each applicant
Prepare the initial tenancy agreement
Produce an inventory listing the condition of the property* optional optional optional optional
Register the deposit*
Collect rents, process and make payments to the landlord
Keep files aof the signed current tenancy agreement or lease and other documents relating to the property that have been supplied to Oakfield
Periodic property inspections
Arrange any repairs/maintenance required
Arrange annual inspections to ensure the property complies with gas safety regulations
Provide 24hr emergency contact service for both landlords and tenants
Carry out a ‘check-out’ report once the tenant has vacated and report to the client
The Landlord will receive rent on the due date every month regardless of whether the tenant pays or not.We will pay the rent direct to the Landlord as agreed
Pays up to vacant possession, even if the tenancy agreement has ended, as long as the warranty remains in place.
Should the tenant default, Oakfield will manage the situation including evictions
*subject to addtional fee

Landlord Fees

 

SERVICE SET UP FEE Monthly fee
LET ONLY 120% of a months rent (inc VAT)* N/A
RENT COLLECTION 60% of a months rent (inc VAT)* 9.6% of Rent inc VAT
FULLY MANAGED 60% of a months rent (inc VAT)* 14.4% of Rent inc VAT
COLLECT AND PAY 60% of a months rent (inc VAT)* 18% of Rent inc VAT

*subject to a minimum fee of £480.00 (inc VAT)

ADDITIONAL NON-OPTIONAL FEES AND CHARGES (IRRESPECTIVE OF LEVEL OF SERVICE):

 

Inventory Fee (Unfurnished) – To carry out a record of the condition of the property prior to the Tenant moving into the property. One bedroom £108 (inc VAT) Two Bedroom House £132 (inc VAT) Two Bedroom Flat £120 (inc VAT) Three Bedroom £150 (inc VAT) Four Bedroom £180 (inc VAT)

Inventory Fee (Furnished) Please double the above prices. Additional Bedrooms would be charged at £30 (inc VAT)

Deposit Registration Fee: £36 (inc VAT) Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy.

Additional property visits: £90 (inc VAT) To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit

Tenancy Renewal (Landlords share): £120 (inc VAT) At the end of the fixed term period a renewal of Tenancy would be required this would include, contract negotiation, amending and updating terms and arranging a further tenancy and agreement

Arrangement Fee for works over £250: 12% of cost (inc VAT) Arranging access and assessing costs with contractor; Ensuring work has been carried out in accordance with the specification of works Retaining any warranty or guarantee as a result of any works

Rent Review Fee: £60 (inc VAT) Review rent in accordance with current prevailing market condition and advise the landlord Negotiate with tenant Direct tenant to make payment change as appropriate. Update the tenancy agreement

Housing Act Notices: £90 (inc VAT) Each notice Prepare and serve by hand, section 8, 13, 21.

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF