Landlords Page
We understand that letting your property, especially for the first time, can be a worrying experience and with this in mind our most important consideration is providing you the Landlord with the best possible service and the right tenant for your property.
We never forget that the property is your most important asset and we can confidently assure you that by instructing us to act as your Letting and Management Agents your asset will be in professional and caring hands.
A Personal Service
Because we are a small firm, we are able to offer a personal service, with attention to detail, whilst at the same time maintaining a high standard of competence and professionalism.
Competitive Rates
Our fees are competitive and may be open to negotiation dependent on the level of Service required. We are particularly committed to investment Landlords and savings can be made on the smallest of portfolios.
Carefully Selected Tenants
Drawn from a continually updated register, all prospective Tenants are thoroughly referenced and credit checked. In some cases we will also require a guarantor.
How to Rent Your Property
Levels of Service offered
Letting Service: 15% (inc VAT)
If a tenancy is 12 months and the rent is £850 per month, the fee calculated shall be 15% of the annual rent which works out at £1530. Minimum Commission charge is £1500 (inc VAT). This commission will also be due on every tenancy renewal.
Fully Managed: 20% (inc VAT)
If a tenancy is 12 months and the rent is £850 per month, the fee calculated shall be 20% of the annual rent which works out at £2040. Minimum Commission charge is £1500 (inc VAT). This commission will also be due on every tenancy renewal.
Short Lets (three months or less): Letting Service: 25% (inc VAT) of rent or Fully Managed: 30% (inc VAT) of rent
Sale of Property Fee: 2.2% (inc VAT) of the agreed sale price.
Additional Optional and Non-Optional Fees and Charges
Tenancy Agreement Fee (Landlords Share): £250 (inc VAT)
Deposit Registration Fee (Landlords Share): £50 (inc VAT)
Land Registry Fee: £5 (inc VAT)
Check out Fee: Check out charge dependant on size and contents of property.
The cost of the check out will be passed directly to the landlord from the inventory company, Portland Hill do not make any additional charges for the check out. Tenant pays for the inventory/check in.
Additional property visits: £80 (inc VAT)
To attend as necessary for specific requests e.g. to monitor the tenancy of maintenance related queries.
Submission of non-resident landlord receipts to HMRC: £150 (inc VAT) quarterly per landlord
To remit and balance the financial return to HMRC quarterly and respond to any specific aspect relating to the return from the landlord or HMRC.
Arrangement fee for refurbishments or works over £1000 (if managed): 12.5% (inc VAT) of net cost
Arranging access and obtaining estimates or quotes for approval.
Ensuring work has been carried out in accordance with specification of works.
Obtaining more than two contractors quotes (if managed): £150 (inc VAT) per quote.
Serving Section 21 Notice: £50 (inc VAT)
Abortive Tenancy Fee (should you wish not to proceed with a tenancy following acceptance of an offer: £400 (inc VAT).
Interest of unpaid commission or other monies due at 4% above the base rate of Lloyds Bank PLC
IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF.
