Fees for Landlords : Thornley Groves

If a guarantor is required then they would also need to have an income of: £{{ calculatedGuarantor \| numberFormat }}

Legal Requirements and Best Practice
Gas Safety Certificates	£89.00 inc. VAT (net £74.17)
Portable Appliance Test (PAT)	£115.00 inc. VAT (net £95.83)
Electrical Installation Condition Report (EICR)	£225.00 inc. VAT (net £187.50)
Energy Performance Certificate (EPC)	£98.00 inc. VAT (net £81.57)
Legionella Risk Assessment	Managed – £99.90 inc. VAT (net £83.25) Let Only – £119.88 inc. VAT (net £99.90)
Smoke Alarms and Carbon Monoxide Certificate	£19.99 inc. VAT (net £16.66)
Obtaining Head Lease	£23.99 inc. VAT (net £19.99)
Rent & Legal Protection
Rent & Legal Protection: Guarantee your rental income and protect yourself from the cost of obtaining legal possession of your property in the event that your Tenant(s) default their rental payments or if they complete any Tenancy breach that gives grounds for possession. This service is available to Managed Landlords only, at a charge of £24.90 a month, inclusive of VAT (net £20.75). By spending £298.80 including VAT (net £249.00) over the course of 12 months, you have a guaranteed rental income of £9,360, based on a monthly rent of £780pcm. For all new customers, your management charge will be inclusive of 3 months free cover, giving you complete peace of mind. Therefore, in Year 1, the cost of cover will be £224.10 inclusive of VAT (net £186.75), which equates to a monthly spend of £18.68 including VAT (net £15.56) across 12 months. A big risk removed, by a small monthly cost! FIND OUT MORE
Lettings Fees
Let Only (City Centre) Minimum Maximum	£750.00 inc. VAT (Net £625.00) 90% of First Months Rent inc. VAT (net 75%)
Let with Management (City Centre) Minimum Maximum	£660.00 inc. VAT (net £550.00) 60% of First Months Rent inc. VAT (net 50%)
Let Only (North/South Manchester) Minimum Maximum	£714.00 inc. VAT (net £595.00) 90% of First Months Rent inc. VAT (net 75%)
Let with Management (North/South Manchester) Minimum Maximum	£594.00 inc. VAT (net £495.00) 60% of First Months Rent inc. VAT (net 50%)
Management Fee (of Monthly Rental Income) For all new customers, your management charge will be inclusive of 3 months free Rent & Legal Protection, giving you complete peace of mind. For rents over £1,500 pcm rates can be separately negotiated.	10.8% inc. VAT (net 9%) subject to a minimum monetary amount of £72.00 inc VAT (net £60.00) per calendar month.
Landlord Withdrawal / Admin fee (Thornley Groves supplied suitable Tenant)	£240.00 inc. VAT (net £200.00)
Referencing Fees (Right to Rent & Credit Checks)
Managed	One Tenant – £54 inc. VAT (net £45.00) Two Tenants – £96.00 inc. VAT (net £80.00) Three Tenants – £118.80 inc. VAT (net £99.00) 3+ Tenants – £180.00 inc. VAT (net £150.00) Guarantor Fee – £54 inc. VAT (net £45.00)
Let Only	One Tenant – £70.80 inc. VAT (net £59.00) Two Tenants – £118.80 inc. VAT (net £99.00) Three Tenants – £162.00 inc. VAT (net £135.00) 3+ Tenants – £198.00 inc. VAT (net £165.00) Guarantor Fee – £54 inc. VAT (net £45.00)
Inventories / Checkouts – Let Only Landlords
Inventories on lets up to £750pcm Unfurnished Furnished	£120.00 inc. VAT (net £100.00) £150.00 inc. VAT (net £125.00)
Inventories on lets of £751pcm to £1500pcm Unfurnished Furnished	£180.00 inc. VAT (net £150.00) £210.00 inc. VAT (net £175.00)
Inventories on lets of £1501pcm to £2500pcm Unfurnished Furnished	£240.00 inc. VAT (net £200.00) £270.00 inc. VAT (net £225.00)
Inventories on lets of £2501pcm or more	Subject to negotiation
Updating Inventory Previously Done by Thornley Groves (re-let)	As above
Checkout Inspection and Report Lets up to £1,000pcm Unfurnished Furnished	£120.00 inc. VAT (net £100.00) £144.00 inc. VAT (net £120.00)
Checkout Inspection and Report Lets of £1,001pcm and Over Unfurnished Furnished	£180.00 inc. VAT (net £150.00) £210.00 inc. VAT (net £175.00)
Tenancy Deposit Scheme
Security Deposit Registration (Let Only)	£70.80 inc. VAT (net £59.00)
Security Deposit Registration (Managed Let)	No Fee
Renewing Registration in Subsequent Years (Let Only)	£70.80 inc. VAT (net £59.00)
Renewing Registration in Subsequent Years (Managed)	£30.00 inc. VAT (net £25.00)
Tenancy Renewal
Extending an Existing Tenancy Following Expiry of Fixed Term Let Only Managed	£198.00 inc. VAT (net £165.00) £148.80 inc. VAT (net £124.00)
Keys – Let Only Landlords
Arranging Copies / Additional Keys, Fobs etc	£35.00 inc. VAT (net £29.17)
Accounts
Providing Copy of Monthly Statement BY POST	£30.00 inc.VAT (net £25.00) Per Statement
Providing Copy of Monthly Statement BY EMAIL	No Fee
Providing an Annual Statement for Tax Assessment BY POST OR EMAIL	£45.00 inc. VAT (net £37.50)
Overseas Landlord Tax
Landlord Failure to Apply for Approval Number from Inland Revenue	£30.00 inc. VAT (net £25.00) Per Month
Penalties Levied On or By the Agent Due to Shortfall of Funds	3% above Barclays Lending Rate
Miscellaneous
Court / Bailiff Attendance (First 2 Hours)	£114.00 inc. VAT (net £95.00)
Court / Bailiff Attendance (For Each Additional Hour)	£36.00 inc. VAT (net £30.00)
Visit to Property to Locate Meter or Access	£30.00 inc. VAT (net £25.00)
Caretaking of Empty Property at the Request of the Landlord (Please note: This service is not available for Let Only properties.)	£30.00 inc. VAT (net £25.00)
Arranging and Supervising Major Building or Refurbishment Work (Please note: Thornley Groves employees are NOT qualified / trained Project Managers. This service is not available for Let Only properties.)	12% inc. VAT (net 10%) of Total Cost of the Works
Energy Supplier Appointed by Thornley Groves	No Fee or £30.00 inc. VAT (net £25.00) Administration Fee to Opt Out
Dealing with Disputes from Non-Housing Act Tenancies (The Tenancy Deposit Scheme will make its independent alternative dispute resolution service available to you as our client.)	£600.00 inc. VAT or 12% of the Deposit (Whichever is the Greater)