FULL MANAGEMENT

Initial setup cost
(including all advertising, Tenancy Agreements, Inventory & Schedule of Condition and Deposit Registration)

Studio Apartments – £240
1 bedroom properties – £270
2 bedroom properties – £300
3 bedroom properties – £330
4 bedroom properties – £360
5 bedroom properties – £420
6+ bedroom properties - £480

Tenant / Guarantor Referencing - £60 per Applicant / Guarantor
Checkout Fee - £60 (collected in the last month of the tenancy)

On-going monthly fee of 12.5% plus VAT at the prevailing rate (15% inclusive of VAT)



RENT COLLECTION

Initial setup cost
(including all advertising, Tenancy Agreements, Inventory & Schedule of Condition and Deposit Registration)

Studio Apartments – £240
1 bedroom properties – £270
2 bedroom properties – £300
3 bedroom properties – £330
4 bedroom properties – £360
5 bedroom properties – £420
6+ bedroom properties - £480

Tenant / Guarantor Referencing - £60 per Applicant / Guarantor
Checkout Fee - £60 (collected in the last month of the tenancy)

On-going monthly fee of 8% plus VAT at the prevailing rate (10.8% inclusive of VAT)



INTRODUCTION PLUS

One off payment of 95% of the first months rent plus VAT at the prevailing rate (114% inclusive of VAT)
Tenant / Guarantor Referencing - £60 per Applicant / Guarantor

 

ADDITIONAL COSTS
Approximate

Landlords Gas Safety Test & Service £85.00
Electrical Appliance Test £60.00
EICR (Electrical 5 Year Inspection) from £150.00
Energy Performance Certificate £90.00
Rent & Legal Protection from £110.20 incl. IPT
Landlords Contents Insurance (incl. £20k cover & £5m Landlord liability) from £89.60 incl. IPT

Tenancy Extension (if requested) £96.00
Tenancy Renewal (if requested) £120.00
Copy Landlords Statements £12 per statement
End of Year Summary £24
Shopping Fee (if required) £36 plus the item cost
Sale of Property to the tenant 0.6% of the agreed sale price
Provision of details to a solicitor for sale of a let property £90
Overseeing refurbishment projects with works in excess of £2500 - 12% of the total invoiced amount 
Cancellation of an agreed let £300
Court Attendance £300
Bailiff Attendance £180
Vacant Property Visits (if requested) £48 per visit
Attendance with a British Gas engineer £60
Heater Loan £60 per week
Early Determination of contract £420

Non-Managed Additional Services
Serving notice to end a tenancy of a non-managed let £90
Arranging Safety Testing at a non- managed property £36 plus the invoice amount
Arranging repairs / maintenance of a non-managed property 12% of the invoice total
Tenancy Deposit dipute handling £75 per hour (if requested)

ALL COSTS ARE INCLUSIVE OF VAT AT 20% UNLESS OTHERWISE STATED

Morgan Associates are part of the National Federation of Property Professionals Client Money Protection Scheme through our membership of ARLA (The Association of Residential Letting Agents)