FAQ's
- How much will it cost me to let my property?
- Are there any additional marketing costs?
- Who will conduct viewings on my property?
- What is an EPC?
- How much will it cost to have my property managed?
- How much will it cost to have my property managed?
- How much is the tenants deposit and what happens to it?
- How much does an Inventory cost and who is responsible for organizing this?
- How long does it take to receive my rent once paid by the tenant?
How much will it cost me to let my property?
The costs involved in letting your property consist of: Energy Performance Certificate £75+VAT An EPC, which you will need to make available to prospective tenants at the earliest opportunity. Alex Stuart can arrange your EPC for you. Inventory and check-in report £Costs vary depending on the size of the property and agency service required. An inventory and check-in report, which should be organised before a tenant moves in. This service is included within our Full Management Service. Alex Stuart can arrange this on your behalf or provide an estimate should this be required. Agency Letting/Arrangement Fee £Costs vary depending on the agency service required. Our Agency Letting/Arrangement Fee is payable when a tenant is introduced and enters into an agreement to let the property. This is charged as a percentage of the agreed rental price + VAT.
Are there any additional marketing costs?
Alex Stuart do not charge additional fees for advertising your property. Any advertising/marketing undertaken will be included within your agency agreement.
Who will conduct viewings on my property?
We will accompany all viewings during our opening hours unless an alternative arrangement has specifically been agreed prior. However, in some circumstances we may ask you to conduct the occasional viewing. We provide evening and weekend viewings by prior arrangement to maximize viewing potential and minimise the number of viewings you have to conduct yourself.
What is an EPC?
An EPC (Energy Performance Certificate) measures the energy efficiency of a property using a scale of A-G and is valid for 10 years. It is a legal requirement for landlords to have a valid EPC before their property is let. Alex Stuart can arrange an EPC for you.
How much will it cost to have my property managed?
We offer two types of property management services. The first is our Full Management service which is charged at 10% of the gross rent received plus VAT per calender month. The second is our Rent Collection service which is charged at 5% of the gross rent received plus VAT per calender month. All management fees will be deducted when the monthly rental payments are received into our clients account.
How much will it cost to have my property managed?
We offer two types of property management services. The first is our Full Management service which is charged at 10% of the gross rent received plus VAT per calender month. The second is our Rent Collection service which is charged at 5% of the gross rent received plus VAT per calender month. All management fees will be deducted when the monthly rental payments are received into our clients account.
How much is the tenants deposit and what happens to it?
Typically this is four to six weeks' rent and is payable upon the signing of the Tenancy Agreement. The deposit should then be registered with a tenancy deposit protection scheme within 14 days. Alex Stuart are registered member of the Deposit Protection Service.
How much does an Inventory cost and who is responsible for organizing this?
Prices vary depending on the size of your property, however, your estate agent should be able to organise an inventory on your behalf. Alex Stuart can arrange an inventory for you.
How long does it take to receive my rent once paid by the tenant?
Typically you should receive your rent within 5 working days of the rental due date each month by bank transfer into the designated account provided by you. The due date is typically, although not always, the date on which the tenant moved in.
