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OUR SERVICES RELATING TO THE LETTING OF PRIVATE RESIDENTIAL PROPERTIES

CHARGES

In the event of Excel Property Services successfully introducing a tenant who enters into an agreement to rent your property the following charges will apply:

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LETTING FEES

10% plus (12% VAT inclusive) of the gross rent for the entire term of the tenancy, payable in one instalment at the commencement of the tenancy from the initial monies collected from the incoming tenant. In the event of the tenant terminating their tenancy early we will refund a proportion of the letting fee, on a pro rata basis for the unexpired term provided the termination:

  • Does not arise as a result of the landlord giving notice or not meeting his obligations as set out in the tenancy agreement; or
  • Arises as a result of the tenant giving notice and Excel not introducing a suitable alternative tenant during the notice period*

*Excel Property Services will have sole letting rights during the notice period

Management Fees

5% plus VAT (6% VAT inclusive) of gross rent for the entire term payable as the rent is collected.

Our management service does not apply when the property is vacant and a separate fee is chargeable depending upon the extent our services are required.

RENEWAL FEES

8.75% plus VAT (10.5% VAT inclusive) of the gross rent for the entire renewed (or extended) term of the agreement, payable in one instalment at the commencement of the renewal tenancy. The same fees will apply for any subsequent renewed terms following the expiration of the first renewed term.

DEPOSIT REGISTRATION FEES

In the event of Excel registering the landlord/tenant details and arranging the protection of the Deposit in a Government Approved Scheme there will be a charge of £100 plus VAT (£120 VAT inclusive) in the case of an Assured Shorthold Tenancy.

In the event of a renewal of the tenancy the Deposit Registration Fee will be reduced to £50 plus VAT (£60.00 VAT inclusive). This charge will also apply for any subsequent renewed terms following the expiration of the first renewed term.

INVENTORY CHARGES

The charges for preparing the Inventory of the Contents and a Schedule of Condition of the property at the commencement of a tenancy are usually be borne by the landlord. The inventory company charge will be passed directly onto the landlord and is based on a sliding scale dependent upon the size and content of the property. Excel Property Services do not make any additional charges for this.

SALES FEE

2% plus VAT (2.4% VAT inclusive) of the agreed sale price of the property, in the event that a sale is agreed with the tenant or associated party.

ENERGY PERFORMANCE CERTIFICATE (EPC)

An EPC is a legal requirement for anyone renting, selling or building a property in the United Kingdom. An EPC must be produced by a registered domestic energy assessor and the cost will vary from £60 and £120 (VAT inclusive). The EPC provider’s charge will be passed directly onto the landlord. Excel Property Services do not make any additional charges for this.