Letting & Rent Collection
We’ll start by visiting your property to provide a rental valuation, discuss your requirements and answer any questions you may have. We’ll then market your property across the major UK property portals to reach prospective tenants.
We’ll arrange and conduct viewings and, once a suitable tenant has been agreed, carry out the appropriate referencing and credit checks. These may include employer, previous landlord and guarantor checks, where applicable.
Careful referencing is an important part of the letting process, helping you make an informed decision about who will be renting your property.
Where a tenancy deposit is taken, we’ll arrange for it to be registered and protected with the relevant government-approved tenancy deposit scheme. We’ll also organise an inventory and check-in with an independent inventory clerk and prepare the appropriate tenancy documentation.
At the beginning of the tenancy, we’ll assist with the relevant council tax and utility notifications and ensure appropriate meter readings are recorded.
Throughout the tenancy, we’ll collect the rent and arrange for it to be paid into your nominated bank account. We’ll provide regular rent statements and assist with the management of any rent arrears that may arise.
Full Management
Our Full Management service includes everything provided as part of our Letting & Rent Collection service, alongside the ongoing day-to-day management of your property.
We’ll carry out property inspections every six months and provide you with a written report. We can also coordinate repairs and maintenance, arrange for trusted tradespeople to attend the property, obtain estimates where necessary and oversee agreed works.
At the end of the tenancy, we’ll organise a check-out report with an independent inventory clerk. Where agreed, we can also make certain property-related payments on your behalf from the rent received, such as insurance premiums and maintenance contracts.
Fees
All prices are inclusive of VAT.
|
Service |
Fee |
|
Letting & Rent Collection |
16.8% of gross monthly rent |
|
Full Management |
19.2% of gross monthly rent |
|
Tenancy Set-Up Fee (administration / tenancy agreement) |
£420.00 |
|
Marketing Fee (professional photography / floor plan) |
£120.00 |
|
Anti-Money Laundering and Identification Checking Fee |
£36.00 |
|
Tenant/Guarantor Referencing Fee (per reference) |
£60.00 per reference |
|
Rent Review & Service of Section 13 Notice Fee |
£180.00 |
|
Inventory Arrangement Fee |
£36.00 |
|
Check-Out Arrangement Fee |
£36.00 |
|
Deposit Registration Fee |
£60.00 |
|
Gas Safety Certificate (CP12) |
£120.00 |
|
Energy Performance Certificate (EPC) |
£120.00 |
|
Legionella Risk Assessment |
£108.00 |
|
Smoke Alarm Test |
£36.00 |
|
Inventory/Check-out |
£120.00 to £240.00 depending on size/content of the property |
|
Rent and Legal Protection (separate policy documents available) |
Price on application |
|
International Payment Processing Fee |
£36.00 |
|
Annual Statement Fee |
£60.00 |
|
Non-Resident Landlord (NRL) Tax Submission |
£240.00 |
|
Court Attendance Fee |
£120.00 per hour |
How do we ensure our landlords are protected?
Alto Residential is a registered member of a Client Money Protection scheme, helping to ensure that client money is handled in accordance with the appropriate requirements. A copy of our Client Money Protection Certificate is available to download.
We are also members of The Property Redress Scheme (PRS), providing an independent redress service for consumers. A copy of our Property Redress Scheme Certificate is also available to download.
