MAK PROPERTY SERVICES

Simple and Smart Solutions for property buying, selling, letting and maintenance.

What Services Included

MANAGEMENTSERVICES

BUYER INTRODUCTION

60% of 1st Month’s Rent

FULL MANAGEMENT

50% of 1st Month’s Rent (8% of monthly rent thereafter)

# Example: – .The commission 8%   Therefore if the agreed rent is £2000 the commission  fee will be £160 PCM or £1920 annually.

Tenant Introduction

Accompanying of client on viewing appointments (unless stated otherwise by special arrangements)’ supervising signing of the tenancy agreement.

Ensuring compliance with the current Gas, Electrical, and Furniture Safety regulation prior to Buyer taking occupation.

Obtaining references.

Obtaining deposit from Tenant.      

Fees- 60% of the gross rental due for the entire agreed term stated under the terms of the tenancy agreement ignoring any options to terminate by either the landlord or buyer and any subsequent tenancy whether periodic or new fixed term i.e. subject to a minimum fee   £350.

Payable- upon MAK Property Services finding a buyer, directly or indirectly, who is acceptable to, or whom the Landlord has given MAK Property Services authority to accept and who signed the tenancy agreement.

Any subsequent extension, renewal or continuation of the tenancy thereof, (will also be charged at the same rate and in the same manner i.e. subject to minimum fee of £350.00) will incur an administration fee of £350.00 for each year or part of year of the extended, renewed or continued period of the tenancy.

Where the buyer is more than one person the providing at least one of the persons who signed the original Tenancy Agreement extends, renews or continues the Tenancy then the same fee shall remain payable. In the event of the third party (being a person or body corporate) associated with the buyer or occupant entering into a subsequent agreement the same fee shall also be payable.

Furthermore should at least one of the persons who signed the original Tenancy Agreement vacate and then enter into a new tenancy on this property within twelve months of vacating, then the buyer shall be deemed to have been introduced by MAK Property Services and the aforementioned “ buyers Introduction” fee shall still be payable.

The afore mentioned fees are not refundable unless MAK Property Services has acted negligently or in breach of this agreement and are payable regardless of whether or not a new tenancy agreement is signed, not irrespective of whether the extension, renewal, continuation was negotiated or arranged by MAK Property Services.

FULL MANAGEMENT

  • Interviewing the applicant(s), taking up references and carrying out credit checks (where possible). Where necessary, requesting a Guarantor
  • Preparing an Assured Shorthold Tenancy Agreement including Prescribed Information or a Non-housing Act Tenancy Agreement if appropriate
  • Preparing a full and comprehensive Inventory and Schedule of Condition either in-house or using an external inventory company (estimate of charge can be given)
  • Placing the buyer’s deposit with The Deposit Protection Service
  • Collecting the rent from the Buyer(s), deducting any expenses incurred in the period and the agent’s fees. Crediting the balance to a nominated account
  • Regular property visits to the property during the period of the tenancy followed by a written report to the landlord
  • Arranging any works or repairs at the property. Liaising with trades people and the buyer(s). Obtaining quotes where necessary and liaising with the landlord
  • Arranging annual gas safety inspections and periodic electrical inspections
  • Making payments on behalf of the landlord from rents received
  • Carrying out an inspection at the end of a tenancy using the Inventory and Schedule of Condition. Detailing any damages or lack of cleaning
  • Serving relevant notices to the buyer(s) where necessary

Advising landlord of any breaches of the tenancy stator obligations providing sufficient funds are held in individual clients’ account.

Fees- 50% of the gross rental due for the entire agreed term stated under the terms of the tenancy agreement (8% of monthly rent thereafter)  ignoring any options to terminate by either the landlord or tenant and any subsequent tenancy whether periodic or new fixed term i.e. subject to a minimum fee   £350.