Book a Property Valuation

Letting

Fees to Landlords

At Davies & Way we pride ourselves in offering our clients a stress free alternative to the potential minefield that is the property rental market. We can provide either a part or full management package to suit your particular needs, both offering the security you would expect for your investment.

Davies & Way are licensed members of The Association of Residential Letting Agents (ARLA). ARLA are the only professional body that is solely concerned with the regulation of Letting Agents. ARLA members are governed by a strict Code of Practice which means that we offer:

  •   Client Money Protection (provided by RICS)
  •   Professional Indemnity Insurance
  •   Up-to-date advice and guidance

We are members of the Royal Institution of Chartered Surveyors (RICS). We are regulated by the RICS and have a formal complaints handling procedure.

We are also members of The Property Ombudsman which means that Landlords and Tenants have a route to redress should something go wrong.

www.arla.co.uk 
www.tpos.co.uk


Introduction only service

60% of the first month’s rent including Vat
(Example: a property let at £700.00 per calendar month will cost £420.00 including VAT)

Includes:

  •   Property appraisal and marketing advice
  •   Advice on refurbishment
  •   Marketing the property and advertising on relevant portals
  •   Erecting a board outside of the property 
  •   Accompanying all viewings at the property
  •   Finding a suitable tenant
  •   Referencing all tenants
  •   Organising a gas safety inspection and certificate
  •   Organising an Energy Performance Certificate (EPC)
  •   Preparing the Assured Shorthold Tenancy agreement
  •   Organising an Inventory and Schedule of Condition
  •   Collecting the first month’s rent plus the deposit
  •   Registering the tenants deposit with the Deposit Protection Service
  •   Notifying the local council and utility providers of new occupancy with meter readings where applicable


Fully managed service

Our fully managed service offers a comprehensive package with an extensive range of inclusive benefits at no additional cost. We want our management fees to be competitive, clear and fair which is why unlike many of our competitors we do not charge for additional add-ons.

14% including vat

Includes:

  •   Property appraisal and marketing advice
  •   Advice on refurbishment
  •   Marketing the property and advertising on relevant portals
  •   Erecting a board outside of the property
  •   Accompanying all viewings at the property
  •   Finding a suitable tenant 
  •   Referencing all tenants
  •   Organising a gas safety inspection and certificate
  •   Organising an Energy Performance Certificate (EPC)
  •   Preparing the Assured Shorthold Tenancy agreement
  •   Organising an Inventory and Schedule of Condition
  •   Collection of the first month’s rent plus the deposit
  •   Registration of the tenants deposit with the Deposit Protection Service
  •   Notifying the local council and utility providers of new occupancy with meter readings where applicable
  •   Monthly collection of rent
  •   Monthly statements sent via email or post
  •   Arranging any repairs and maintenance
  •   Obtaining quotes for required works
  •   Regular inspections and emailed reports (third monthly inspection initially, reduced to every six months if deemed satisfactory)
  •   Tenancy extensions
  •   Preparing and delivering required notices 
  •   Arranging and conducting a check out inspection
  •   Organising deposit returns and/or dealing with any deposit disputes via the Alternative Dispute Resolution
  •   Notifying the local council and utility providers of end of tenancy dates and meter readings where applicable
  •   Updating existing inventories ready for the next tenant  

 

Additional fees :

New tenancy agreement, with referencing and Right To Rent Check £180 including vat

New tenancy agreement only £60 including Vat

Issuing legal documentation for unmanaged properties £90 including Vat

Check out service for unmanaged properties £45 including Vat

Inventories, EPC, electrical and gas safety tests : Costs depending upon Contractor.

 

Fees to Tenants  

Following the viewing of a property with a member of Davies & Way, the applicant is required to pay a non-refundable agency fee which will act as the holding payment to secure the property. This non-refundable payment is subject to the applicant proving they have a Right to Rent in the UK,  the landlord agreeing to the let and all the applicants references being satisfactory. The only reason this payment would be refunded to the applicant is if the Landlord immediately turned down the applicant or the Landlord subsequently withdrew the property from the market.

Agency fee/Holding fee: £320.00 including Vat.

This agency fee covers the following; Viewings, landlord reference, employment reference, credit check, legal documentation, right to rent check, tenancy administration, tenancy agreement.

Additional tenant fees :

Adding new tenant to existing tenancy agreement (includes references, Right to Rent & new agreement) - £120.00 including Vat