Lettings Fee

Lettings Terms & Conditions

Our Standard Lettings & Property Management Fees

Our aim is to be as transparent and honest about our fees as possible which will enable you and help you make informed decisions without any surprises.

Whether you’re a first time Landlord or an experienced Landlord with a portfolio of properties, we have experienced property professionals that can guide you from the start to the end, as well as after the tenants have moved into your property!

Below are our Landlord fees;

STANDARD FEES FOR LANDLORDS (Residential Lettings)

Tenant Find Introduction / Let Only Service

2 Weeks of the Monthly Rent

(Sole Agency – 28 Days)

Tenant Find Introduction / Let Only Service

2 Weeks of the Monthly Rent

(Multi Agency – 28 Days)

  Fee Includes

Tenant introduction, Prepare and advise about your property to let, arranging gas safety certificate, electric certificate and EPC certificate if required with certified and fully trained engineers,  find a suitable tenant, negotiate the terms and conditions, advertise the property accordingly on all major portals, put “To Let” company board outside the property, taking professional photographs, arrange  and accompanied the viewings of the property, regular and progressive feedback and updates of tenant search,  selecting prospective tenants, arranging meeting with tenants if required by the landlord, holding off 1 week of the monthly deposit to secure the property in our designated Client Business account, full in-house professional referencing checks using RentShield Connect and gathering of all reference documents required for prospective tenants and guarantor if applicable,  issuing of tenancy agreement, supervising signing of agreement, collecting and obtaining deposit and one month advance move in monies, compliance checks, right to rent checks, issuing of how to rent guide, tenant move-in, manage the end of tenancy deposit return if registered with our company (optional).

Full Management Service

Full Management Service

10% of the Monthly Rent or Fixed Fee with Landlord

 Fee Includes

On this Full Management Service, we will include all the services provided in our Tenant Find Introduction/ Let Only Service and below;

Arrange and co-ordinate the tenant’s occupation and vacation of the premises, rent collection of tenants rent on a monthly basis and paid directly into Landlords account via BACS Payment to designated Landlords’ account, periodic inspection of the property every 8-12 weeks throughout the duration of the tenancy whilst the tenants are in occupation, all maintenance and emergency calls to Fortress Property Solutions (you will never be charged a call-out fee), repairs and maintenance arranged with prior Landlord’s consent, recommended contractors and builders when and if required at use, key holding service, Legal notices, free consultancy and advice throughout management service, keep you the Landlord up to date on compliance and health and safety, full photographic check-in and check-out the inventory at the beginning and the end of the tenancy (additional fees may be required), all utility supplies transferred to ingoing tenants names. (Gas, Electricity, Water Rates, Council Tax), provide monthly or yearly financial landlord payment statements and invoices showing receipts and any outgoings, chase late rent payments, rent arrears advice, negotiate tenancy renewal (Where selected or applicable), manage the end of tenancy process, registration of the tenant’s deposit with the Deposit Protection Service (DPS) and return of deposit return at the end of the tenancy.

Guaranteed Rent Scheme

Guaranteed Rent Scheme

To be Confirmed with Landlord 

Fortress Property Solutions will GUARANTEE the rent on your property and so regardless of whether the tenant pays us or not, we will pay the agreed rent to you.

As the landlord, you will not need to take any additional cover to protect yourself for rent arrears as this is all covered by Fortress Property Solutions, therefore saving you time and money.

Should there be any legal proceedings e.g. tenant disputes, tenant’s evictions etc., Fortress Property Solutions will meet all legal expenses and all court costs.

With our Guaranteed Rent service we will provide the following:

  • Drawing up relevant tenancy agreements including negotiated clauses
  • Arranging, if instructed by landlord, an independent, comprehensive inventory, Gas safety certificate, EPC certificate, local authority landlord licensing
  • Checking the tenant into the property and agreeing the inventory
  • Managing all day to day tenant queries and issue for the property
  • Rent collection, and any rent related issues

Features of the scheme 

  • Rent paid even if your property is empty
  • Rent paid even if the tenant fails to pay
  • Prompt Rental Payments, Rent paid on time every time to landlord
  • Regular property inspections to ensure property is being maintained as expected
  • Property returned to landlord in same condition as initially presented, subject to fair wear and tear allowances
  • Minor repairs up to £100 included
  • Hassle free service for the landlord

Benefits of the scheme

  • No void periods
  • No arrears
  • No late payments
  • No problem tenants
  • Full management service
  • Guaranteed contract start date
  • Minor repairs up to £100 included
  • No setup fees
  • No letting agency fees
  • Improved cash-flow
  • No eviction costs
  • No Stress, hence peace of mind

There are minimum safety requirements for any property to be considered for inclusion within the scheme.

  • NICEIC Electrical Certificate
  • Gas Safety Certificate produced by a registered Gas Safe engineer
  • Fire Door to Kitchen with a Door Closer
  • Restrictors to all windows on the 1st floor and above
  • Hardwired Carbon monoxide detector
  • Hardwired Smoke Alarms in communal areas
  • Smoke alarms to all floors
  • Vanity Release Locks to Bathroom
  • Quick Release Locks to front and back entrance doors
  • Sealed lights to kitchen and Bathrooms

Fortress Property Solutions can produce quotes and arrange for any works to be undertaken and for required certificates to be produced.

Furnishings

All properties are let on an unfurnished basis which means that only appliances need to be included by the landlord.

Mandatory appliances include:

  • Cooker or oven and hob unit
  • Washing machine
  • Fridge and freezer

Usual additional appliances include:

  • Tumble dryer
  • Dishwasher
  • Microwave

All appliances must be new or in good working condition and carry a PAT certificate or gas safety certificate.

All properties must be well decorated and clean.

Any other items provided are at the Landlord’s discretion and Fortress Property Solutions cannot be held liable for.

Overall the scheme provides landlords with peace of mind, certainty, and hassle-free service.

Please do hesitate to contact us by email at info@fortresspropertysolutions.com or by phone on 0203 1461 786 if you require any further advice or have any queries.

Landlord Packages:

Services Let Only Full Management Rent Guarantee
Tenant introduction                     ✓                     ✓                     ✓
Full in-house referencing                     ✓                     ✓                     ✓
Issuing tenancy agreement                     ✓                     ✓                     ✓
Supervising signing of agreement                     ✓                     ✓                     ✓
Obtaining deposit                     ✓                     ✓                     ✓
Compliance checks                     ✓                     ✓                     ✓
Right to rent checks                     ✓                     ✓                     ✓
Issue of how to rent guide                     ✓                     ✓                     ✓
Accompanied viewings                     ✓                     ✓                     ✓
Rent collection                     ✓                     ✓
Chasing rent (if needed)                     ✓                     ✓
Property inspections (3 months)                     ✓                     ✓
Dealing with maintenance issues                     ✓                     ✓
Use of in-house maintenance team                     ✓                     ✓
Maintenance – no call out charge                     ✓                     ✓
Ongoing property compliance                     ✓                     ✓
Schedule of condition (check in)                     ✓                     ✓
Registering deposit                     ✓                     ✓
Guaranteed rent                     ✓

 

Other Landlord Fee Services:

 

Gas Safety Certificate subject to report £80.00
Electrical Safety Certificate (NIC) subject to report £75.00
Energy Performance Certificate (EPC) subject to report £100.00
Property Licensing Application Handling Fee (Excluding Council Fee) £200.00
Landlord Building and Contents Insurance Application Handling Fee

(Excluding Landlord Annual Insurance Premiums)

£100.00
Additional Property Inspections £100.00
Schedule of Condition + Inventory & Check In Report £100.00
Schedule of Condition + Inventory & Check Out Report £100.00
Addition Key Cutting Service Fee £50.00 Per Key
Additional Copies of Assured Shorthold Tenancy Agreements £25.00 Per Tenancy
Portable Appliance Test (PAT) Testing £50.00
HMRC Return for UK Resident Landlords To be Agreed with Landlord
HMRC Return for Non UK Resident Landlords To be Agreed with Landlord
Income & Expenditure Report To be Agreed with Landlord
Legionella Risk Assessment £120.00

Kindly Note That We Do Not Charge Any Fees To Tenants. These Fees Are Solely For Landlords.

All fees unless otherwise stated are inclusive of VAT.

STANDARD FEES FOR TENANTS (Residential Lettings)

Holding Deposit                                                                                                                                      

This will be calculated as one week’s rent based on the total agreed rent for the property and will be held until the tenancy agreement is entered or up to 5 calendar days in our designated Client Business Account. The Holding Deposit may be forfeited in instances where a tenant has failed a Right to Rent check, provided false or misleading information, or failed to enter into a tenancy agreement. Where a tenancy agreement is entered into, the Holding Deposit will be utilized towards the first month’s rent due under the tenancy.

Tenants Damaging Security Deposit                                                                     

A deposit equivalent to 4 weeks’ rent will apply to all Assured Shorthold Tenancies where rent per annum is less than £50,000. Where annual rent is more than £50,000 a deposit equivalent to 6 weeks’ rent will apply. Where a tenant causes damage to the property, fixtures or fittings, white goods, or furniture any cost to repair will be deductible from the deposit in accordance with the tenancy agreement.

Advance Rent

Equivalent to Four weeks’ rent based on the total agreed rent for the property

Before You Move

No fees Apply

During your Tenancy

No fees Apply

Ending Your Tenancy In Accordance With Tenancy Terms

No fees Apply

Replacement of Keys

£50.00 Per Key

Replacement of Key Fobs

£120.00 Per-Key Fob

 IF YOU HAVE ANY QUESTIONS REGARDING OUR FEES, PLEASE ASK YOUR LETTINGS MANAGER.

All fees unless otherwise stated are inclusive of VAT.