Fees

SCHEDULE OF FEES - TENANTS

Tenancy Agreement Fee (per tenant)                        -           £252.00 inc VAT

Property Check In Condition Report                          -           £42.00 inc VAT

TDS Registration Fee                                                 -           £42.00 inc VAT

Immigration Visa Check (Non EU Citizens only)       -           £52.00 inc VAT

Property Check Out Report                                        -           £42.00 inc VAT

Current or Previous Reference Fee (per tenant)       -           £42.00 inc VAT

The tenancy agreement fee is an administration fee that covers the referencing of tenants, together with any guarantors if necessary. The fee also covers the cost of preparing and executing the Tenancy Agreement when the tenants(s) take occupation of a property.

To secure a property, a £350.00 holding fee is required. This will be deducted from the full deposit of the property upon occupation. If a holding fee is placed and the prospective tenants withdraws from the transaction prior to taking occupation. The holding fee is NON REFUNDABLE.

SCHEDULE OF FEES – LANDLORDS

Tenant introduction and execution of Tenancy Agreement                 -              Two weeks rent plus VAT

Tenant introduction and collection of monthly rental payments         -              10% of rents collected plus VAT

Full management                                                                                  -              12% of rents collected plus VAT              

Spark and Sons are members of both the NALS client money protection scheme (CMP) and The Property Ombudsman (TPO).

The CMP scheme is a compensation scheme run by the National Approved Letting Scheme (NALS) that provides compensation to landlords, tenants and other clients should an agent misappropriate their rent, deposit or other client funds.

The Property Ombudsman (TPO) is a UK government-approved organisation which aims to provide better consumer protection for home buyers, sellers, landlords and tenants, by providing independent conflict resolution and raising standards of service in the residential property industry.