At Greenaway Residential Letting Agents, we understand that landlords may all have different needs depending on their circumstances, location and experience. We offer three different services: tenant find only, rent collection and fully managed.
All services start at the same point. Firstly, we will carry out a market appraisal of the property to establish a recommended achievable marketing price, find out what your needs are as a Landlord, discuss the different services that we offer and answer any questions you may have.
Should you then wish to proceed, we will then go to the marketing stage which includes:
This service is designed for the Landlord who wants to deal with all aspects of the property letting, apart from actually finding suitable tenants. Landlords taking this option usually reside near their property which they would like to be let and are therefore able to respond to their tenant’s maintenance and repair needs personally within a timely manner. However, there are currently 129 Acts of Parliament or statutory regulations which impact partly or wholly on the private rental sector. A Landlord should have a basic understanding of all their legal obligations before choosing this option.
Our standard fee for this service is 12% (10% plus VAT of the first Assured Shorthold Tenancy (AST).
This service is designed for the Landlord that either lives or has family close to the property and wants to do any maintenance themselves without wanting the financial risk that tenants may provide. It includes all aspects of tenant introduction service but also includes deposit registration, monthly rent collection and statements, late rent notices, rent reviews, tenancy renewals and check in / check out.
Our standard Rent Collection Fee is 15% (12.5% + VAT) of the rent receivable under the Tenancy Agreements and any extensions thereto, paid monthly by way of deduction from the monthly rent received.
Our fully managed service is for either an inexperienced Landlord or for someone who does not have the time or the inclination to deal with the mundane stress of managing a property. It includes all aspects of the two previous services but also includes interim inspections and reports, arranging maintenance, paying contractors, and looking after empty periods between tenants.
Our standard Fully Management Fee is 18% (15% + VAT) of the rent receivable under the Tenancy Agreements and any extensions thereto, paid monthly by way of deduction from the monthly rent received.
