Beresford Ward believe in transparent and fair fees for our Landlords. You may be surprised to learn that much of the value we add to your letting services are completely free of charge. Yes. Free.
At Beresford Ward we offer two types of service, the Tenant find service or our more popular Full Management Service
| Tenant Find: 60% of 1st months rent (inc. VAT) |
Fully Managed: 12 % of monthly rent (inc. VAT) |
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| Agree the rental value |  |
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| Provide guidance on compliance with statutory provisions and letting consents. |
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| Advise on refurbishment requirements | |
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| Erect board outside property in accordance with Town and Country Planning Act 1990 (where possible) | |
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| Market the property and advertise on relevant portals | |
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| Carry out accompanied viewings (as appropriate) | |
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| Find tenants | |
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| Advise on non-resident tax status and HMRC (if relevant) | |
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| Collect and remit initial months’ rent | |
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| Provide tenants with method of payment | |
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| Deduct any pre-tenancy invoices | |
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| Make any HMRC deduction and provide tenant with the NRL8 (if relevant) |
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| Advise all relevant utility providers of any changes | |
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| Agree collection of any shortfall and payment method | |
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| Demand, collect and remit the monthly rent | |
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| Arrangement payments for statutory requirements | |
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| Pursue non-payment of rent and provide advice on rent arrears actions |
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| Undertake routine visits and notify the outcome to the landlord | |
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| Arrange routine repairs and instruct approved contractors | |
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| Security Deposit dilapidation negotiations | |
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| Hold keys throughout the tenancy term | |
Tenant Fee Ban
The tenant fee ban means that a landlord and/or letting agent will not be able to charge fees fee to their tenants before or during a tenancy. The act does not affect a landlords rights at the end of the tenancy in making a claim on the deposit.
As of June 1st 2019 the only payments that can be charged to the tenant are:
- The rent
- A refundable tenancy deposit capped at no more than five weeks’ rent where the annual rent is less than £50,000, or six weeks’ rent where the total annual rent is £50,000 or above
- A refundable holding deposit (to reserve a property) capped at no more than one week’s rent
- Payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher
- Payments associated with early termination of the tenancy, when requested by the tenant
- Payments in respect of utilities, communication services, TV licence and council tax; and
- A default fee for late payment of rent and replacement of a lost key/security device, where required under a tenancy agreement
All other fees not on this list, will be classed as a prohibited payment and you should not charge it. A prohibited payment is a payment outlawed under the ban.
Please click here to access a copy of the Tenant Fee Act 2019
Please press the icon below to view our full list of fees
