Landlord services
Most of our landlords have busy lives and that is why they trust us to manage their property as per their instructions.
At KT Residential we never forget that the landlord is the client! We are an owner run, independent & local agent. We have built strong relations with our existing landlords and they use ourselves for one simple reason: We do what we say and we know what we are doing. At the same time we operate a professional service and are only prepared to do business with honest & professional landlords. We offer a flexible service and are sure that if you give us the opportunity you will not be disappointed. Please contact us to discuss the services you require and how we can meet your specific requirements.
A personal touch
We know all our properties well and don’t simply send out contractors when a tenant reports a problem! We visit the property personally and as soon as possible, then when the problem has been correctly identified we will either speak to the landlord to discuss the options or contact the relevant contractor dependent on your instructions.
If you decide to instruct us and are unhappy for any reason we offer a peace of mind money back guarantee. After the first three months if you are not happy with the service you have received we will refund any fees you have paid and hand the property back to the landlord or an agent!
Our services include; finding & referencing tenants, advice on maximizing your returns based on our knowledge and experience, rent collection services, excellent value property maintenance services & full property management.
A smart move
Landlord Fees
At KT Residential we tend to work hand in hand with our Landlords, even when dealing with all aspects of their property management. Therefore please contact us to discuss a specific service package ideal for your individual needs.
We are a small owner run business; as we do not operate from a high street office, our lower running costs allow us to provide our Landlord clients and Tenants with a highly competitive rate.
Tenant Find
10%
(inc. VAT)
- Collect and remit initial months' rent received
- Deduct commission and other works
- Agree collection of any shortfall and payment method
- Provide tenant with method of payment
- Collect and remit the monthly rent received (RENT COLLECTION ONLY)
- Pursue non-payment of rent and provide advice on rent arrears actions (RENT COLLECTION ONLY)
- Deduct any pre-tenancy invoices (RENT COLLECTION ONLY)
- Make any HMRC deduction and provide tenant with the NRL8 (if relevant - RENT COLLECTION ONLY)
Rent Collection
12%
(inc. VAT)
- Collect and remit initial months' rent received
- Deduct commission and other works
- Agree collection of any shortfall and payment method
- Provide tenant with method of payment
- Collect and remit the monthly rent received (RENT COLLECTION ONLY)
- Pursue non-payment of rent and provide advice on rent arrears actions (RENT COLLECTION ONLY)
- Deduct any pre-tenancy invoices (RENT COLLECTION ONLY)
- Make any HMRC deduction and provide tenant with the NRL8 (if relevant - RENT COLLECTION ONLY)
Fully Managed
15%
(inc. VAT)
- Collect and remit initial months' rent received
- Pursue non-payment of rent and provide advice on rent arrears actions
- Deduct commission and other works
- Advise all relevant utility providers of changes
- Arrange routine repairs and instruct approved contractors (providing two quotes)
- Hold keys throughout the tenancy term
Additional non-optional fees & charges (irrespective of level of service)
Setup Fee (Landlords Share)
- Agree the market rent and find a tenant in accordance with the landlord guidelines
- Advise on refurbishment
- Provide guidance on compliance with statutory provisions and letting consents
- Carry out accompanied viewings (as appropriate )
- Market the property and advertise on relevant portals
- Erect board outside property in accordance with Town and Country Planning Act 1990
- Advise on non-resident tax status and HMRC (if relevant)
FREE (inc. VAT)
Inventory Fee (landlords share)
See attached Schedule
Deposit Registration Fee
- Register landlord and tenant details and protect the security deposit with a Government authorised Scheme
- Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy
£55.00 (inc. VAT)
Additional property visits
- To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit
£25.00 (inc. VAT)
Submission of non-resident landlords receipts to HMRC
- To remit and balance the financial return to HMRC quarterly - and respond to any specific query relating to the return from the landlord or HMRC
FREE (inc. VAT) quarterly
Arrangement Fee for works & refurbishments over £4,000.00
- Arranging access and assessing costs with contractor;
- Ensuring work has been earned out in accordance with the specification of works
- Retaining any warranty or guarantee as a result of any works
15% of net cost
Obtaining more than two contractors quotes
£15.00 (inc. VAT) per quote
Rent Review Fee
- Review rent in accordance with current prevailing market condition and advise the landlord
- Negotiate with tenant, Direct tenant to make payment change as appropriate
- Update the tenancy agreement Serve Section 13 Notice if tenancy is on a rolling monthly basis
FREE (inc. VAT)
Renewal Fee (landlords share)
- Contract negotiation , amending and updating terms and arranging a further tenancy and agreement
50% of Tenant Find Fee (Tenant Find, inc. VAT)
FREE (Rent Collection and Managed)
Checkout Fee (landlords share)
- Agree with tenant check out date and time appointment, Instruct inventory provider to attend
- Negotiate with landlord and tenant any disbursement of the security deposit
- Return deposit as agreed with landlord and tenant to relevant parties
- Remit any disputed amount to Scheme for final adjudication, Un-protect security deposit
- Instruct contractors; obtain quotes; organise repairs / replacement / cost of any broken or missing items
£25.00 (inc. VAT)
Court Attendance
£250.00 (inc. VAT)