ROC Management

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ROC Management

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    • Who We Are
    • Residential Lettings
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  • Landlord
    • Landlord Fees
    • Landlord Obligations
    • The Letting Process
  • Tenant
    • The Renting Process
    • Renting FAQs
    • Tenant Fees - AST
    • Tenant Fees - Non AST
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  • More
    • Home
    • About Us
      • Who We Are
      • Residential Lettings
      • Property Management
      • Market Appraisal
    • Landlord
      • Landlord Fees
      • Landlord Obligations
      • The Letting Process
    • Tenant
      • The Renting Process
      • Renting FAQs
      • Tenant Fees - AST
      • Tenant Fees - Non AST
    • Contact Us
  • Home
  • About Us
    • Who We Are
    • Residential Lettings
    • Property Management
    • Market Appraisal
  • Landlord
    • Landlord Fees
    • Landlord Obligations
    • The Letting Process
  • Tenant
    • The Renting Process
    • Renting FAQs
    • Tenant Fees - AST
    • Tenant Fees - Non AST
  • Contact Us

Fees To Landlords

Letting Service

Letting Service

Letting Service

  11% (plus VAT)   13.2% (inc VAT)  


Includes:

• Finding a tenant 

• Carry out accompanied viewings 

• Market the property and advertise  on the relevant portals  

• Provide tenant with method of payment 

• Deduct any pre-tenancy invoices 

• Make any HMRC deduction and provide  tenant with the NRL8 (if relevant)  

• Pursue non-payment of rent  


If the tenancy is 12 months and the rent is £1000  per month, the fee calculated shall be 13.2%  of the annual rent, so the fee will be £1584.  Minimum Commission charge is £1500 (inc VAT).  


This commission will also be due on every  tenancy renewal.  

Fully Managed

Letting Service

Letting Service

 17% (plus VAT)  20.4% of rent (inc VAT)  


Includes:  

• Finding a tenant  

• Carry out accompanied viewings  

• Market the property and advertise  on relevant portals  

• Ensure the landlord complies  with their statutory obligations  

• Collect and remit the monthly rent received  

• Pursue non-payment of rent and  provide advice on rent arrears actions  

• Deduct commission and other works  

• Advise all relevant utility providers  of changes  

• Undertake two property visits per annum and  notify landlord of the outcome  

• Arrange routine repairs and instruct approved  contractors  

• Hold keys throughout the tenancy term  

• Deposit dilapidation negotiations  


If the tenancy is 12 months and the rent is £1000  per month, the fee calculated shall be 20.4%  of the annual rent, so the fee will be £2488.  Minimum Commission charge is £1500 (inc VAT).  


This commission will also be due on every  tenancy renewal.  

Short Let

Letting Service

Short Let

 25% (plus VAT)  30% of rent (Inc VAT)  


Includes:  

• Finding a tenant  

• Carry out accompanied viewings  

• Market the property and advertise  on relevant portals.  

• Ensure the landlord complies  with their statutory obligations  

• Collect and remit the monthly  rent received  

• Pursue non-payment of rent and  provide advice on rent arrears actions  

• Deduct commission and other works  

• Advise all relevant utility providers  of changes  

• Arrange routine repairs and instruct approved  contractors  

• Hold keys throughout the tenancy term  

• Deposit dilapidation negotiations  


If the tenancy is 4 months and the rent is £1500  per month, the fee calculated shall be 30% of  the total rent, so the fee will be £1800. Minimum  Commission charge is £1500 (inc VAT).  


This commission will also be due on every  tenancy renewal.  

Additional non-optional fees and charges

 Tenancy Agreement Fee  (Landlord’s Share):

  £240 (plus VAT) £288 (inc VAT) − Draw up   the Tenancy Agreement and issue the   relevant paperwork.  


Deposit Registration Fee  (Landlord’s Share): 

£40 (plus VAT) £48 (inc VAT) − Register landlord  and tenant details and protect the deposit with  the Tenancy Deposit Scheme (ASTs only).  


Inventory Arrangement Fee:  

£50 (plus VAT) £60 (inc VAT) − Plus the Inventory  Company charge which is dependant on size and content of the property.  


Inventory Cost:  

The cost of the Inventory and Check In will  be passed directly to the landlord from the  inventory company used.  


Sale of the Property to the Tenant:  

2% (plus VAT) of the sale price (2.4% of the Sale  Price (inc VAT)). 

  Letting Service Renewal  Commission Fee:

11% (plus VAT) 13.2% (inc VAT) of the total rent −  Review rent in accordance with the market and  advise the landlord, negotiate and agree the  renewal, ongoing rent collection, credit control  and accountancy.  If the renewal is agreed at £1200 per month  for a further 12 months, the fee calculated  shall be 13.2% (inc VAT) of the total rent for the  12 months, so the fee will be £1900.80 (inc VAT)  


Fully Managed Renewal Commission Fee:  

17% (plus VAT) 20.4% (inc VAT) of the total rent  − Review rent in accordance with the market  and advise the landlord, negotiate and agree the  renewal, continuation of Fully Managed service.  If the renewal is agreed at £1200 per month for  a further 12 months, the fee calculated shall  be 20.4% (inc VAT) of the total rent for the  12 months, so the fee will be £2937.60 (inc VAT).  


Additional property visits:  

£75 (plus VAT) £90 (inc VAT) per visit −  To attend as necessary for specific requests  such as to monitor the tenancy or any  maintenance-linked visit.  


Submission of non-resident  landlords receipts to HMRC:  

£450 (plus VAT) £540 (inc VAT) annually −  To remit and balance the financial return  to HMRC quarterly − and respond to any specific  query relating to the return from the landlord or  HMRC. Make any HMRC deduction and provide  landlord with the NRL6 (if relevant). 

 Arrangement fee for refurbishments over and above day to day management  (if managed):  

10% (plus VAT) 12% (inc VAT) of net cost  (minimum fee of £180 including 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).  


Vacant Management fee (if instructed):  

£115 (plus VAT) £138 (inc VAT) per visit − visit   the property every two weeks or more frequently if agreed and maintain utility bill accounts as instructed.  


Court Attendance:  £250 (plus VAT) £300 (inc VAT) per hour  Obtaining Consents:  £70 (plus VAT) £84 (inc VAT) per document  


Arranging and Obtaining the EPC:  £125 (plus VAT) £150 (inc VAT) includes the cost  of the EPC 

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