In the event of us effecting a tenancy on terms acceptable to our client our charges will be as follows:
10% plus VAT (12% VAT inclusive) of the gross rent for the entire term of the tenancy, payable in one instalment at the commencement of the tenancy from the initial monies collected from the incoming tenant. In the event of the tenant terminating their tenancy early we will refund a proportion of the letting fee, on a pro rata basis for the unexpired term provided the termination:
- Does not arise as a result of the landlord giving notice or not meeting his obligations as set out in the tenancy agreement; or
- Arises as a result of the tenant giving notice and Excel not introducing a suitable alternative tenant during the notice period*
*Excel Property Services will have sole letting rights during the notice period
5% plus VAT (6% VAT inclusive) of gross rent for the entire term payable as the rent is collected.
Our management service does not apply when the property is vacant.
8.75% plus VAT (10.5% VAT inclusive) of the gross rent for the entire renewed (or extended) term of the agreement, payable in one instalment at the commencement of the renewal tenancy. The same fees will apply for any subsequent renewed terms following the expiration of the first renewed term.
In the event of Excel registering the landlord/tenant details and arranging the protection of the Deposit in a Government Approved Scheme there will be a charge of £100 plus VAT (£120 VAT inclusive) in the case of an Assured Shorthold Tenancy.
In the event of a renewal of the tenancy the Deposit Registration Fee will be reduced to £75 plus VAT (£90.00 VAT inclusive). This charge will also apply for any subsequent renewed terms following the expiration of the first renewed term.
2% plus VAT (2.4% VAT inclusive) of the agreed sale price of the property, in the event that a sale is agreed with the tenant or associated party.