SERVICES & FEES

Sales, Lettings and Block Management

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Manged Service Our monthly management fee is 11%, (minimum fee of £40.00 per month) of the rental income deducted from rents received where possible. Fees relating to each let to new tenant(s) will be 50% of the monthly rental income, deducted at souce for each new tenant. A discount for Landlords with multiple properties is available. Non Managed Service (Let Only) Fee for each let to new tenant(s) on this service will be one month’s rent. A discount for Landlords with more multiple properties is available. Rent Collection Service Our monthly rent collection fee is 6% (minimum fee of £35.00 per month) of the rental income deducted from the rents received where possible. Fees relating to finding the tenant on this service will be 75% of the monthly rental income, deducted at souce for each new tenant. A discount for Landlords with multiple properties is available. Inventories Our cost for inventories start from £50.00 depending on the size of the property and if unfurnished or furnished. Legionella Risk Assessments Our cost for Legionella Risk Assessments is £50.00 per property which is carried out by our own in-house trained and competent assessor. Floor Plans We are delighted to now offer professional and accurate Floor Plans with prices starting from £35 depending on the size of the property. Other The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments. • A refundable holding deposit of up to 1 week’s rent. • A refundable tenancy deposit of up to 5 week’s rent. • A payment to alter the tenancy agreement, when requested by the tenant of up to £50.00 inc. VAT or reasonable costs incurred if higher. • Payments associated with early termination of the tenancy when requested by the tenant can vary. • Interest, at a rate of up to 3% above the Bank of England’s base rate, for late payment of rent (which is more than 14 days overdue). • A default fee for the replacement of a lost key or security device. • Payments to service providers in respect of utilities, communication services, TV License and Council Tax. • Other payments, permitted under appropriate legislation including damages. Compass are members of the Property Redress Scheme and the Property Mark client money protection scheme.

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