How much does Graduation Lettings charge for Fully Managed student property management?
The main fee schedule states a £200.00 setup fee per tenancy and a 12% fee for Fully Managed service.
IF YOU ARE A STUDENT PROPERTY LANDLORD IN EXETER PLEASE CALL ON 01392 790916 TO DISCUSS YOUR OPTIONS AND HOW WE CAN HELP YOU. WE HAVE A PRIME LOCATION AGENCY WINDOW AT 31 LONGBROOK STREET EXETER EX4 6AB TO DISPLAY YOUR PROPERTIES TO THE LARGE NUMBER OF PASSING STUDENTS WALKING BETWEEN CAMPUS AND THE TOWN CENTRE EVERY DAY AND NIGHT.
All prices shown are NOT subject to VAT.
Our student landlord fees cover Fully Managed and Tenant Find services, together with additional tenancy, compliance and property management charges.
| Service | Fully Managed | Tenant Find | Action / Description |
|---|---|---|---|
| Setup fee per tenancy | £200.00 | £250.00 | |
| Fee | 12% | 65% of first month's rent | |
| Valuation | Included | Included | Detailed marketing valuation of property. |
| Marketing | Included | Included | Photography and marketing. |
| Viewings | Included | Included | Agent to accompany all viewings. |
| Tenant liaison / negotiation | Included | Included | Negotiation and correspondence with tenants. |
| Creation/signing of contract | Included | Included | Creation of tenancy agreement. Legal information. |
| Creation & signing of our guarantor agreement | £45.00 | £45.00 | Fee per tenant, if applicable. |
| Right to Rent checks | Included | Included | Obtain the necessary proof confirming applicants have the right to rent in the UK. |
| Registration of deposit | Included | Not included | Register and provide legal certificate / documents. |
| Inventory | £150.00 | £150.00 | Detailed inventory to include photos carried out by an inventory clerk. |
| Rent collection | Included | 5% | Collection of rent per term plus chasing where required. |
| Planned maintenance | Included | Not included | Maintenance which is legally required, i.e. gas safety. |
| Ad-hoc maintenance | Included | Not included | Unplanned maintenance, arranging issues to be investigated and rectified. |
| Property inspections | Included | £100.00 | 3 visits per year, report to landlord and update to tenant. |
| Move-out report | Included | £100.00 | Detailed report to include reasons for deductions and photographic evidence. |
| Section 8 notice | Included | £125.00 | Correspondence with landlord and tenants. To hand deliver notice to tenants. |
| HMO alarm testing | Included* | Not included | Inclusive of all system types except Grade A & B systems. |
| Key holding service | Included | £50.00 | Keys will only be available for contractors or tenants as instructed by the landlord. |
| Energy Performance Certificates | £100.00 | £120.00 | Commencement of an Energy Performance Certificate with floor plan if required. |
| Fire risk assessment | £250.00 | £250.00 | To assess the fire risk of a building and provide recommendations to make the building safer. |
| Legionella Risk Assessment | £50.00 | £50.00 | Carry out a Legionella risk assessment in the water heating system. |
| Hourly rate | £70.00 | £70.00 | Additional requests by landlords outside of the services included or agreed. |
| Cancellation fee | £500.00 | £500.00 | If you withdraw your property after holding fees have been taken from any prospective tenants. |
*HMO Alarm Testing: Included for managed properties for all system types except Grade A & B systems, which are subject to quote after inspection for managed properties only.
Arrangement and facilitation of statutory compliance, in addition to the costs of the item itself, if not provided on instruction or undertaken by the landlord:
Set-up Fees: £200.00 per tenancy for Fully Managed. £250.00 for Tenant Find and Rent Collection. This includes ID checks, Right to Rent checks, preparation and signing of the contract agreement, contract negotiation (amending and agreeing terms), and arranging the signing of the Tenancy Agreement.
No additional charge for Fully Managed. This involves undertaking a repeat check in person on a time-limited visa, as per the Immigration Acts 2014 and 2016, and notifying the Home Office if an illegal overstayer is identified. This does not apply to a Tenant-Find service.
Included for managed properties for all system types except A&B Grade systems, which are subject to quote after inspection for managed properties only.
The main fee schedule states a £200.00 setup fee per tenancy and a 12% fee for Fully Managed service.
The main fee schedule states a £250.00 setup fee per tenancy and a Tenant Find fee of 65% of the first month's rent.
Yes. The main fee schedule lists rent collection as included within Fully Managed. Tenant Find and Rent Collection is listed separately at 5%.
Yes. The main fee schedule lists valuation, marketing and viewings as included for Fully Managed and Tenant Find.
The fee schedule lists a £250.00 Fire Risk Assessment. A later section also lists a Detailed Fire Risk Assessment with Floor Plan at £250.00.
The fee schedule lists a £50.00 Legionella Risk Assessment.
The main fee table lists an Energy Performance Certificate at £100.00 for Fully Managed and £120.00 for Tenant Find. The pre-tenancy section separately states an EPC arrangement fee of £100.00 per tenancy where the certificate is not provided by the landlord.
The document lists £500.00 per tenancy if a landlord withdraws before move-in and £600.00 per tenancy for withdrawal during a tenancy.
The document lists a £250.00 management take-over fee per tenancy.
The document lists £125.00 per notice for a Section 8 legal notice. It states that this applies to Tenant Find and Rent Collection only.
The document states: “All Prices shown are NOT subject to VAT.”
