Complete Property Management Solutions

FULL MANAGEMENT SERVICE

Commission & Table of Additional Service Fees Explained

Our “Full Management Service” is designed to free up Landlords of their day-to-day responsibilities relating to the Let of their premises. You authorise McRae’s Sales & Lettings Ltd to handle the collection of rent, and deal with all maintenance / tenancy issues that may arise on your behalf during the term of the tenancy.

Complete Property Management

Full Management affords our Landlords protection against legislative changes that may occur from time to time and ensures the Let is professionally conducted throughout. We are your first line of protection!

Our Full Management Service includes:

  • Property Rental Valuation and marketability advice
  • Energy Performance Certificate arrangement
  • Comprehensive marketing across multiple platforms
  • Property featuring in our "In-House" magazine
  • Accompanied viewings with detailed feedback
  • Tenant referencing and negotiation
  • Tenancy agreement drafting
  • Gas & Electrical Safety checks arrangement
  • Professional inventory management
  • Rental guarantee policy recommendations
  • Tenancy deposit registration with TDS
  • Complete rent collection and management
  • All statutory documentation handling
  • Annual safety test organization
  • Utility transfer assistance
  • Ground rent/service charge payments
  • Maintenance management up to £300 per item
  • Contractor instruction and management
  • Regular property inspections (approx. 2 per year)
  • Rent arrears chasing
  • Tenancy termination notice service
  • Tenancy renewals and rent reviews
  • Dilapidation claim negotiation
  • Forwarding address collection for water authority
Commission Structure

FULL MANAGEMENT SERVICE COMMISSION

Commission amounts to 12.5% of the gross monthly rent, premium, or other money payable throughout the fixed term agreement, plus VAT at the prevailing rate.

Commission Example

Based on £1,000 per calendar month:

£1000 × 12.5% = £125.00

VAT (20%) = £25.00

Total payable: £150.00 per month

Full Management Service – Table of Additional Service Fees

INSTRUCTIONNET FEEVATGROSS FEE

Energy Performance Certificate (EPC)

£125.00£25.00£150.00

Private Rented Property License
Assisting With The Submission of the Application (In Addition To The License Fee)

£100.00£20.00£120.00

Tenant Referencing (Per Applicant)

£35.00£7.00£42.00

Withdrawal From An Agreed Offer
If You Instruct Us To Proceed In Writing With A Proposed Tenancy, You Agree To Pay Some Of Our Costs And Expenses Incurred Up To A Sum Not Exceeding

£100.00£20.00£120.00

Tenancy Agreement

£50.00£10.00£60.00

Tenancy Deposit Registration
Payable For All New And Renewed Tenancies

£75.00£15.00£90.00

Preparation Of Tenancy Renewal/Extension

£160.00£32.00£192.00

Checking And Making Any Alterations To Our Tenancy Agreement Requested By Your Solicitor

£50.00£10.00£60.00

Advising & Arranging Routine Maintenance / Refurbishments As Required
Overseeing/management and instruction of Contractor’s works

10% of net invoice12% of net invoice

Arranging For The Premises To Be Cleaned Prior To The Commencement Of The Tenancy – Administration Charge
In Addition To The Cost Of The Cleaning Contractors

£25.00£5.00£30.00

Arranging A Safety Check Of The Furniture And Furnishings, Electrical Or Gas Appliances
In Addition To The Cost Of The Contractor’s Invoice

£25.00£5.00£30.00

Arrange A Rental Guarantee Policy If Required

Arranging On Behalf Of The Landlord An Independent Inventory / Condition Report / Check-in / Check-out
In Addition To The Cost Of The Contractor’s Invoice

£25.00£5.00£30.00

Additional Visits To Premises With Management Report / Landlord’s Maintenance Report

£50.00£10.00£60.00

Waiting Time At Property When Accompanying Contractors
(First Hour Free) Charge Is An Hourly Rate

£10.00£2.00£12.00

Service Of Notice To Terminate A Tenancy (Section 21 Notice)

£60.00£12.00£72.00

Attending Court Proceedings (Per Day)

£150.00£30.00£180.00

Ready for Complete Property Management?

Contact us today to discuss our Full Management Service and enjoy peace of mind.