Terms & Conditions
LETTING INFORMATION & FEES
Independent redress is provided by The Property Ombudsman (TPO).
Where applicable deposits will be protected by the My Deposits scheme where we are members.
Tenancy Agreement: This will include drafting the lease and negotiations to signing and completion of the transaction. £300 Inc.VATReference Fee: Which may include identity checks, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability. £60 Inc.VAT per person
Deposit protection/renewal fee: Lodging tenant’s deposit with My Deposits scheme where applicable and any subsequent renewals of the protection. £60 Inc. VAT
Please note that there may be other associated costs for cleaning, inventory, check in and check out which are charged by SD Management on behalf of third party providers. Our standard practice is that the Tenant bears the cost of the inventory/check in and the Landlord pays for the check out. For reference, the cost of inventory/check-in for a 3 bedroom apartment in Boydell Court is £240 Inc. VAT
Commission: we offer a commission structure of 6% (5% + VAT) of the rental amount in the first year of the tenancy; 4.8 % (4% + VAT) in the second year of the tenancy; 3.6% (3% + VAT) in the third year of the tenancy. No further commission will be paid on subsequent years. We pay out commission as we collect, i.e. if we collect rent quarterly, we pay commission quarterly etc. Please note that commission will only be paid on rent collected as and when that rent is paid. Commission is offered to an agent submitting a formal final offer in writing subject to its acceptance in writing by the Landlord.
Negotiator bonus: offered on a discretionary basis to a negotiator who has agreed the rental, paid in line with the break clause.
Please note that should you introduce a tenant for the property that arrangement will be governed solely by our terms and conditions as indicated above and no other commission will be paid.