Our service and fees
At Vipin Estates, being open and transparent is important to us and that’s why we publish a full list of associated costs when you’re letting a property through us.
Bronze (Let Only)
6% to 8% (Inclusive of vat) per annum based on the gross rental due for the term of the tenancy agreement.. Fees are payable in advance upon us finding a Tenant who takes occupation of the property.
- Agree the market rent and find a tenant in accordance with the landlord guidelines
- Advise on current market condition and preparation of the property for letting
- Provide guidance on compliance with statutory provisions and lettings consents
- Prepare property details, market the property and advertise on relevant portals
- Carry out accompanied viewings
- Negotiate offers and take up references
- Arrange safety certificates for the property
- Prepare and submit Tenancy Agreement
- Collect and hold the deposit as stakeholder in our client account
- Register deposit with the Tenancy Deposit Scheme where appropriate (fees apply see below)
- Instruct an independent inventory clerk if required (fees apply see below)
- Collect and remit the initial month’s rent received
- Provide tenant with method of payment
- Contact Landlord and tenant prior to the end of tenancy to discuss renewal or termination
- Negotiate renewal, prepare and submit documentation
- Deduction for commission and works/repairs
Full Management service
8% to 12% (Inclusive of vat) per annum based on the gross rental due for the term of the tenancy agreement, In addition to the (Let Only) service, we will also:
- Agree collection of any shortfall and payment method
- Deduct any pre-tenancy invoices
- Collect and remit monthly rent received
- Chase Tenant’s for Rent arrears and advise Landlord on service of notices where considered appropriate.
- Operate rent arrears process should rent not have been received
- Provide advice on rent arrears actions
- Advise all relevant utility providers of changes
- Arrange routine repairs and instruct approved contractors (two quotes depending on the type and nature of the work)
- Hold keys throughout the term of the tenancy
- Retain a working fund and deal with day to day management
- Approve supplier invoices
- Investigate matters relating to the property
- Agree the checkout date and time with tenant
- Return deposit as agreed with landlord and tenant to relevant parties
- Carry out quarterly inspections and reports (fee’s apply see below)
Additional Optional & Non-optional Fees and Charges
(Irrespective of level of service)
Land Registry Fee: £4.80 (including VAT)
Deposit Registration Fee: £90.00 (including VAT)
Check In Fee- 1 to 3 bedroom £79 add inventory for another £40
3 bedroom plus £119 add inventory for another £50