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FEE SCHEDULE – LANDLORDS - PRESCRIBED INFORMATION.
MANAGEMENT GOVERNANCE STANDARD: 1SO 9001:2015 QUALITY MANAGEMENT SYSTEMS STANDARD
AS APPLIED TO: HOUSING ACT 1988, CONSUMER RIGHTS ACT 2015, TENANT FEES ACT 2019,
& DEPOSIT REGULATIONS 2007.
| Service | Fee | Specific Notes |
|---|---|---|
| Let Only | 6% of the Rent | 1, 11 |
| Rent Collection | 8% of the Rent | 2, 11 |
| Fully Managed | 12% of the Rent | 3, 11 |
SPECIFIC NOTES.
- 1. Let Only Service: Our Let Only service includes marketing your property, conducting viewings, and securing a tenant through negotiations and reference checks. We also handle tenancy agreements, inventory creation, deposit registration, and rent collection, while ensuring legal compliance with Right to Rent checks.
- 2. Rent Collection Service: Our Rent Collection service ensures all necessary safety documentation is in place and verifies compliance from the start of the tenancy. We set up a standing order for regular rent payments, handle non-payment issues, and provide detailed statements on rent and expenses, along with on-going management of your tenancy’s financials. This service is combined with all aspects of our Let Only offering for a comprehensive property management experience.
- 3. Fully Managed Service: Our Fully Managed service offers comprehensive support, including holding keys, conducting regular property visits, and handling marketing, renewals, repairs, and maintenance. We manage all tenant communication, rent collection, tenancy renewals, and deposit administration, while ensuring all safety checks are up to date and repairs are handled promptly, with the added benefit of all Let Only and Rent Collection services. In the event of additional service and maintenance costs these will be negotiated and agreed in each case.
- 4. Landlord Terms & Conditions: The legal relationship between Monsoon Group Ltd & Its Landlords is governed by Monsson Group Ltd Terms & Conditions with reference to the Housing Act 1988 and Assured Shorthold Tenancy where appropriate.
- 5. Scheme Memberships: Monsoon Group Ltd Scheme Memberships Certificates are
displayed on the company website and at the Office open to members of the public
include:
- UKALA – Client Money Protection (CMP) Registration No. 19797
- Property Redress Scheme (PRS) Registration No. PRS025026
- Data Protection Registration Certificate No. ZB298988
- Deposit Protection Service (DPS) No. 4043651 - 6. VAT: VAT does not apply to our Residential Rents, but may apply to other Fees that relates, particularly where contractors are arranged, with such fees advised when they arise. All Fees to Landlords are inclusive of VAT whenever it applies. The company Monsoon Group Ltd is not VAT Registered and so does not add VAT for any of its own charges to Landlords.
- 7. Website: The Monsoon Group Ltd Website ‘monsoongroup.co.uk’ and third-party websites. Prescribed Information and is readily accessible and advised to other portals, or platforms.
- 8. Rent Periods: Where Rent is indicated Weekly it is also specified Monthly for clarity.
- 9. Deposit: Under the Tenant Fee Act 2019, for Assured Shorthold Tenancies (AST), the
deposit is capped at five weeks' rent for properties with an annual rent up to £50,000. We
require a deposit equivalent to one month's rent, which will be protected under a
government-approved scheme, specifically the Deposit Protection Service (DPS), based on
the Deposit Regulations 2007.
Deposit fees are only ever passed to Landlords when the Landlord has already protected it. - 10. Monitoring: This Tenant Fees Schedule and Landlord Fee Schedule are monitored and continuously improved based on the Continuous Improvement principle embodied in ISO 9001:2015 Quality Management Systems and relevant UK Residential Letting Legislation.
- 11. Agent & Tenant: Further Fee particulars are that govern the Agent and Tenants is provided in a separate document, the related Fee Schedule -Tenants, document reference SAP1002KUCASE327D104Q.
GENERAL NOTES