Landlord’s Fees

FULL MANAGEMENT SERVICE                                        10% + VAT

We are very happy to keep our commission as low as possible, in fact we

have not increased our rate for over 4 years. 

REGISTRATION / SETTING UP FEE                               £100.00 + VAT

This is a one off fee when you first register as a landlord with ESRA Agency.

THEREAFTER NEW TENANCIES                                    £50.00 + VAT

This is not charged for renewals – this is only charged for new tenancies

T.F.B – TENANT FIND BASIS ONLY                             

This service is when we do not manage the property, but we do find the

Tenancy and arrange all documents/contracts.  The standard fee is equal

to half of the first months rent.  (Minimum £400.00 fee)

TDPS - THE DEPOSIT PROTECTION SERVICE                                 FREE

We are happy to confirm that the Deposit Protection Scheme we use TDPS Isfree to all our landlords.

SERVING OF SECTION 21 NOTICE (Repossession)      Included in full management

SERVING OF SECTION 12 NOTICE (Rent increase)       Included in full management

MONTHLY DETAILED STATEMENT                              Included in full management

ANNUAL INCOME & EXPENDITURE REPORT                 £25.00 + VAT 

OTHER SERVICE FEES

All properties need a full and detailed schedule of conditions, fixtures and fittings

a full inventory list with photographic images.  This is based on the new legislation

of the T.D.S (Tenancy Deposit Scheme).  All Deposit’s must be protected in a TDS scheme.  Therefore a professional detailed Inventory is essential for all properties to protect the landlord.  This charge will depend on the size and contents of the property.

MAINTENANCE

All our contractors are professional tradesman.  They all carry qualifications and professional indemnity insurance.  They are all experienced and have worked with ESRA Agency for several years.  If you should require the service of any of the above, we are happy to arrange a detailed quote for you.

ESRA’s minimum management appointment is for 12 months. 

PLEASE NOTE VAT WILL BE ADDED TO ALL CHARGES
VAT Reg No 878 926843

Landlords who want to invest in the property market

Are you a property owner?

Would you like to become a property owner? Would like to build up your own portfolio of properties and become a property investor? If so, please read on:

It is quite simply 4 stages.

1. Research the market to see what is available and affordable for you
2. Make an appointment with the estate agents to view, we will come along with you
3. Speak to our independent financial advisors (if you need to arrange finance)
4. Sit back, let us Manage the property so you can receive your rental income

How to save time and complete the 4 simple stages:

1. Research: You can research the market in many ways, over the internet is the fastest and most convenient – buy the local property paper, but most importantly register with all the Estate Agents in Cambridge.
2. Appointment: Making an appointment to view is either just a quick phone call or easy email away. We will be available to accompany you on the viewings.
3. Financial advice: Lyn Turner is an Independent Financial Advisor with many years experience and knows the local market inside out – Please use her direct email address .. You have nothing to lose by contacting her. She will assess your financial situation and advise you the best way forward.
4. Rental income: Sit back – We will manage your property.

Keys points

1. Location is a major factor in achieving the maximum potential rental income
2. Location will play a big part in attracting a high occupancy rate over the year
3. Location is what it is all about as well as the property being of good standard
4. Quality is the defining point on assessing the rental value of any property
5. En-suite, second bathroom, cloakroom, utility room also increase rentals
6. Off street parking is another prime factor for any property

Type of property:

1. Two bedroom flats are the properties in most demand
2. Three bedroom houses are also in high demand, as is one bedroom flats
3. There is also a very high demand for larger houses

What to look for, when buying an investment property:
After you have searched the market, you will then need to begin viewing the potential properties. We, ESRA Agency, will accompany you and advise you at the viewings. What we would be looking for:

1. Good quality kitchen with all appliances
2. Good quality bathrooms with showers and tiled as much as possible
3. Flooring throughout
4. Heating throughout
5. Decorative order throughout
6. Size of each room
7. Parking and gardens (if applicable)

E.P.C ENERGY PERFORMANCE CERTIFICATE

This is a new legislation that comes in to effect from 1st October 2008. Each and every new tenancy (not renewals) must have an EPC Certificate. This is the landlord’s responsibility and therefore the landlords cost. We estimate the EPC will cost £65.00 + VAT. The EPC Certificate is valid for a 10 year period.

What is an E.P.C. Each property must be assessed by an EPC Assessor, they will go to the property and check on things like, double glazing, insulation etc and then grade the property from A – G, A being the most energy performance. It is very much like when you buy a fridge from a shop, they have a sticker on the side showing the performance grade.

When we need an E.P.C. All new tenants must have a copy of the EPC as from 1st October 2008.

G.S.C GAS SAFETY CERTIFICATE

This has been a legal requirement for many years. The G.S.C is self-explanatory.

Our Corgi Registered Engineer will service the gas boiler and issue the G.S,C. This is a legal requirement and must be issued prior to any tenant occupying any premises. The Certificate is valid for 12 months, therefore must be renewed with this time frame.

How much is a G.S,C. We are charging £65 + VAT per certificate

If you have a G.S.C. and E.P.C. issued at the same time/ same day, our Engineer will do this at a discounted price.

The new legislation makes it very clear that no landlord or agent will beable to hold the tenants deposit with out being in a recognised Deposit
Scheme. We have opted to use The Deposit Protection Service.

Each and every Tenancy Agreement, including renewal taken up from 6 April
2007 – must be part of a Tenant Deposit Scheme.
 
As an agent we are legally obligated to register every new tenancy with the
TDPS. There is no cost for this service to the landlord it is completely
free.  
 
The TDPS is to protect the Deposit. We have now updated our administration
to co-ordinate with this legislation. All properties will have new
inventories (with photographs) for each new let. All properties when checked
out will also have another check list and more photographs to back these up.
If there is a dispute between Agent/Landlord and Tenant the TDPS also
provides ADR (Alternative Dispute Resolution) overseen by an Independant
Case Examiner.

TPDS - The Deposit Protection Service
The Pavillions
Bridgewater Road, Bristol BS99 6AA
Tel 0844 4727 000    Website; www.depositprotection.com

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