Fees & Guides 

Landlord Fees

Let & Collect

Tomkinsdavis will be responsible for marketing, securing suitable tenants, taking references, preparing contracts, collecting and registering deposits and rent collections.
15% inc VAT (12½% plus VAT) deducted from the monthly rent

Full Management

Tomkinsdavis will be responsible for carrying out all duties as outlined under Let and Collect and will also arrange for payment of the property associated bills that are the landlord’s liability via rental funds whilst the property is under management. Any repairs required during the tenancy will be contracted out to suitably qualified contractors and wherever possible landlords will be consulted or advised. Tomkinsdavis will arrange to inspect the property approximately once every five months
18% inc VAT (15% plus VAT) deducted from the monthly rent

Inventory Package

Inventories will be prepared in house and will be chargeable at the below rates which will also include a check in, check out and transfer of Gas, Electric, Water and Council Tax.
STUDIO £144.00 inc VAT (£120.00 plus VAT)
1-2 BED PROPERTY £168.00 inc VAT (£140.00 plus VAT)
3-4 BED PROPERTY £204.00 inc VAT (£170.00 plus VAT)
5-6 BED PROPERTY £240.00 inc VAT (£200.00 plus VAT)

Agreement Fee/Renewal Fee

To be charged at the start of the tenancy and for renewal contracts
£90 inc VAT (£75 plus VAT)

Registration of Deposit

Deposit funds that are held by tomkinsdavis as stakeholders will be registered with the TDS and the currently annual charge to be levied to landlord per tenancy is
£36 inc VAT (£30 plus VAT)

Deposit Disputes

In the event of the tenant or landlord lodging a dispute with the deposit company and tomkinsdavis are asked to act for the landlord there will be a fee levied of
£144.00 inc VAT (£120 plus VAT)

Withdrawal

If the landlord withdraws prior to a tenancy officially starting, having had all references passed and issuing contracts they agree to pay tomkinsdavis a compensatory fee of
£360.00 inc VAT (£300.00 plus VAT)

Tenants Fees

Holding Deposit
Holding Deposit (per tenancy) — One week’s rent.

This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security Deposit
Security Deposit (per tenancy. Rent under £50,000 per year) — Five weeks’ rent.

This covers damages or defaults on the part of the tenant during the tenancy.

Unpaid Rent

Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.

Lost Key
Lost Key(s) or other Security Device(s)

Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

Variation of Contract
Variation of Contract (Tenant’s Request) — £50 (inc. VAT) per agreed variation.

To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.

Change of Sharer
Change of Sharer (Tenant’s Request) — £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher.

To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Early Termination
Early Termination (Tenant’s Request)

Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.