Management Options

Monthly Management Fee includes
Rent collected, landlord statements, property maintenance management, inventory management and midterm inspections.
12.6% inc vat (10.5% pus vat) taken on rent collected.

New let set up fee includes
Finding a new tenant – advertising & market material, viewings, negotiation, referencing, fixed term tenancy agreement, deposit registrations, provision of all government literature and certificates, Right to Rent checks, photos for check in, meter readings and service provider notifications.
£210 inc vat (£175 ex vat)

Tenancy Renewal Fees includes
New tenancy agreements are signed and issued on renewal. Deposit protection certificates are extended and issued; Visa checks are made and updated.
Tenancy Renewal Fee – £120 inc vat (£100 ex vat)

Tenant find only. The landlord processes all other legal requirements and documentation.
10.2% inc vat – 8.5% plus vat of the rental contract over a 6-month period
or 50% of the first month’s rent (which ever the greater) plus vat
Plus The New Let Set Up Fee – £210 inc vat (£175 ex vat)
Plus Renewal Fee (if required) – £120 inc vat (£100 ex vat)

The following are extra associated costs that are involved in renting your property should you require Morgans to arrange.

Energy Performance Certificate (EPC) – £96 inc vat – £80 plus vat
Required by law before a property can be put onto the rental market.

Landlord Withdrawal – £210 inc vat – £175 plus vat
A fee will be charged fee once a landlord has given verbal approval to proceed with tenant references and to draw up a tenancy agreement and then cancels from the transaction.

Key Cutting & Mail Redirection – will be charged at cost.
Morgans will need 3 full sets keys before the start of the tenancy.

Gas Safety Certificate – £96 inc vat – £80 plus vat
Legal requirement and must be provided to the tenant before check in.

Electric EICR / PAT testing – quotations can be provided once a tenant is found.
Legal requirement and must be provided to the tenant before check in.

Photographic Inventories – £30 inc vat – £25 plus vat per room
This is highly recommended for all new rental properties if a landlord needs to claim on a tenant’s deposit at the end of a tenancy.

Pre-Tenancy Property Clean – quotations can be provided once a tenant is found.
This is to ensure a hygiene standard is maintained and provides a platform for judging the property at the end of tenancy.  Essential to ensure the property condition is maintained.

Buildings and Contents Insurance – quotations can be provided.
It is essential to always have property insurance in place. Morgans can arrange specialised landlord insurance products that include rent guarantee & emergency breakdown cover insurance. Morgans can earn commission from insurance arranged & taken out by Landlord clients.

Emergency Maintenance – £250
If landlord clients are not contactable and unless specifically notified, Morgans can spend to a maximum of £250 in order to perform emergency maintenance to avoid property damage.

House Visits – £30 inc vat – £25 plus vat per 2 hours
To attend the property while maintenance or remedial work is undertaken, in the absence of a Landlord or Tenant.

Landlord ongoing property maintenance/project management
This charge depends on the estimated manpower hours spent on resolving maintenance issues that include cleaning, gardening, breakdowns, insurance repairs and all general maintenance as requested.

Morgans will charge at cost plus 10% plus vat admin fee

Provision of Legal or Accounting Documents – £36 inc vat – £30 plus vat per document
Sourcing, printing and despatching documents for legal and accounting purposes.