Set Up Fee Includes

·         Agreeing the market rent and finding a tenant in accordance with the landlord’s guidance and current legislation.

·         Photography & Videography to best promote the rental.**

·         Fully marketing the rental (including photography) by utilising our subscriptions to various major portals.  Including but not limited to Rightmove, On the Market, 

NS Estates Website and NS Estates’ Social Media.**

·         We will carry out accompanied viewings.

·         Negotiation of the terms of the tenancy, vetting of the tenants for suitability for the tenancy, preparing the required paperwork for the tenancy in line with current legislation.

·         Advising all utility suppliers of tenancy change.

·         Advising governing local Council of change to Council Tax liability and provision of supporting documents via email to same.

·         Checking of prospective tenant’s credit status, current/previous employment, current or past landlord and take in to account any other information to help assess the affordability criteria of the applicant(s). Depending on the outcome of the applicants earning or overall financial position they may require a Guarantor.

·         Include the cost of tenant referencing via external provider for up to two tenants (additional tenants or guarantors may incur extra charges) which can ensure qualification for rent protection insurance.

·         Should there be a situation whereby you have consented to a permitted occupier, appropriate documentation to reflect this is also included in the fee.

·         We will carry out Right to Rent checks on the applicants and any other adult occupier of the property at the commencement of the tenancy.

·         We will carry out further checks on adult occupants with time-limited Right to Rent or where you have instructed us to commence a Right to Rent check on a new adult occupier where there is a change in the occupancy during the tenancy.

·         Providing landlord guidance on compliance with statutory provisions and lettings consent.

·         Advise on pre-let refurbishment.

·         This fee covers the costs to hold the tenants deposit in our accredited scheme, ‘My Deposits’. We will register your tenants deposit into a protection scheme which will be held for the duration of the tenancy

·         Smoke/Carbon monoxide alarms. Legislation states alarms are present and operational. We will Check and Record that alarms work and are present on the first day of tenancy.

** Any and all of our marketing imagery and sales particulars remain the property of NS Estates (NS Lettings Ltd.)  NS Estates retains the rights to all photographs taken and supplied. Photographs may not be copied, published or reproduced in any form without the written permission of NS Estates.

£300.00

Monthly Fee % of the monthly rent.

·         Monthly commission calculated as a percentage of the monthly rent, for collecting the remitting the month rent received, deducting commissions and other works.

·         Supplying monthly statements.

·         When necessary, it includes the pursuance of unpaid rent and providing advice on rent arrears action and creating a plan of action with the tenant and yourself for a payment plan if needed.

·         The fee will also include arranging of repairs, holding of the keys during the tenancy and the serving of necessary notices.

·         Providing landlord guidance on compliance with statutory provisions and lettings consent.

·         Check out, checking out the tenant on the last day of tenancy, also provide yourself verbally with an updated state the condition.

·         Recording and storing digital records (subject to a minimum period of one year)

12%

Management Takeover Fee

This fee is for a take over management service from your current letting agent.  Checks on the current tenancy and provision of a new tenancy (where applicable). This fee includes a visit to the property for a property inspection to check all smoke and carbon alarms are in working order.

Compliance check and transfer of the deposit.

Equivalent of one months rent?

Minimum charge £200

Inventory Fee

It is important to have a detailed inventory as this is the only method of validation which is relied upon for deposit disputes. It will be a binding contract between the landlord and the tenant of condition of the property on the first day of the tenancy. This provides a detailed condition (or catalogue of items in the property) along with photos to represent evidence of the agreed condition prior to commencement of the tenancy.  NS Lettings will provide you with a digital copy at commencement of tenancy and will retain a digital copy for you to access.  If landlord has inventory with NS Lettings your check out service covers supplying a check out report including photography and supporting evidence,  ‘checking out’ the tenant on the last day of tenancy at the property, carrying out key collection. Report will state the condition and any damaged caused throughout the tenancy also advise on wear and tear.

(subject to a minimum period of one year)

Minimum £100

See fee scale

Property Inspection

This fee is for the agent to provide an extra ordinary visits to the property.

To check the condition, resolve neighbour dispute, unsociable behaviour etc.

£50.00

Gas Safety Inspection

The Gas Safety (Installation and Use) Regulations 1998 state that all rented properties with a gas supply much have a valid gas safety certificate at the commencement of and throughout the tenancy and must be tested for gas safety on at least an annual basis.  NS Lettings can appoint a Gas Safe Registered engineer to carry out the inspection, which includes testing of the carbon monoxide detectors and smoke alarms in the property. The fee also covers arranging access and retaining the certificate.  Certificate is valid for 1 year and must be renewed before the expiration date. (subject to legislation changes)

Smoke/Carbon Monoxide Alarms Provision

NS Lettings can provide and install smoke alarm(s) and/or carbon monoxide alarm(s) by a qualified technician. NS Lettings will record dates and installation digitally.

£70.00

£50.00

per alarm

EICR

All rented properties much have a Electrical Installation Condition Report at the commencement of and throughout the tenancy. NS Lettings to appoint a NICEIC qualified engineer to conduct a basic safety and condition report on the electrical supply. This is valid for 5 years and must be renewed before the expiration date. (subject to legislation changes)

£150.00

EPC

All properties marketed must have a valid Energy Performance Certificate which must be in place at the commencement of and throughout the tenancy.

NS Lettings instruct a Domestic Energy Assessor to provide an EPC. This is valid for 10 years and must be renewed before the expiration date. (subject to legislation changes).

To instruct a Domestic Energy Assessor to provide an Energy Performance Certificate.

£80.00

Rent Review Fee

We shall review the rent and where this result in a rent increase, the rent review fee applies RRA 2026 section 13 to be served along with preparation of evidence of increase also storage

£50.00

Contractors Commission

NS Lettings reserves the right to make a commission charge to any contractor instructed by us on behalf of the landlord up to 15% of the net cost of the work.

15% (Subject to minimum charge of £20.00)

Dispute Fee

Post check out,  if any proposed deductions of the security deposit are disputed by the tenant, this fee covers the compiling digitally the relevant documents/evidence to support the landlord position.

£200

Discounted 

Half price if landlord has

NS Lettings inventory

Non-Routine Managed Service

Where we are required to provide non-routine management services (e.g. Fire, Flood, Subsidence and dealing with insurance companies on behalf of the landlord to make a claim.) Attend court.

£100 per hour

Additional Property Statements

Yearly statements, Extra Monthly statements, invoices, inventory, check out, repairs statements ETC

£50.00

First Tier Tribunal

TBA

PRS Database Registration

TBA

PRS Database Compliance

TBA

NS Lettings doesn’t serve Section 8 notices – please seek legal advice

Preparation and digital storage and provision of documents included in fully managed service whilst property still under management