The information below gives an overview of the ‘All-Inclusive’ Fully Managed options provided by Bassets Lettings.

Salisbury & Amesbury #1 Lettings Estate Agent

 

Fully Managed Services 

These are designed to take as much stress out of the lettings process as possible and provide you with peace of mind throughout. Our fees are transparent and “ALL-INCLUSIVE”, meaning you know exactly how much you will be paying for the service safe in the knowledge there is no setup fees.

Our standard Fully Managed service covers all aspects of the lettings process ensuring you comply with all legislation, finding and referencing suitable tenants, drafting the tenancy and associated paperwork, monitoring and managing the tenancy and your property, dealing with routine maintenance, collecting the monthly rent,  s and also managing the ‘move out’ process which includes negotiating the return of the Deposit or processing a dispute through the deposit scheme adjudication process.

Fully Managed Plus Service

**: This offers everything that is included in the standard Fully Managed package in addition to enhanced tenant referencing, a full rental warranty, legal expenses insurance covering up to £100,000, and management of any eviction (if required). **PLEASE NOTE THIS SERVICE IS CURRENTLY SUSPENDED DUE TO COVID-19.

With Bassets Fully Managed service you can not only be safe in the knowledge of the full transparency of our charges  (see below) you can also be confident that there are no hidden administration costs or commissions added to your maintenance costs.  These can mean anything from 10% to 20% is added to invoices for routine maintenance and paid to the letting Agent by the contractor.

Please see landlords fees below where we also provide an example fee calculation to further show our “All Inclusive” fee work.

 
Bassets Lettings Service

Fully Managed Plus

Fully Managed

Pre Tenancy

Pre Tenancy

Landlord set up and marketing including photos and a floorplan *

Extensive on-line marketing including through the Rightmove, Zoopla and Bassets websites

Accompanying viewings 6 days a week

Undertaking references (inc from previous Landlord) and credit checks on all Tenants using independent referencing company *

Arranging a comprehensive inventory/schedule of condition prepared by an independent inventory clerk *

Drafting of comprehensive Tenancy Agreement *

Arranging any recommended pre-Tenancy works (such as carpet cleaning, general cleaning, gas safety, EICR checks and an EPC) *

Collecting & registering Damage Deposit with the TDS or DPS *

Notifying utility companies & council at the start & end of tenancy ↑R#

Allowing a Tenancy to move to a 'Periodic' basis *

Complying with NRL & HMRC requirements *

Tenancy

Tenancy

Collecting rent and promptly transferring it by BACS upon reciept *

Producing monthly and annual tax statements of income and expenditure *

A dedicated Accounts Administrator to chase rent & manage arrears *

Dedicated property Manager conducting regular Management Inspections and compiling written reports with photos *

Dedicated Maintenance Team ensuring allmaintenance is dealt with promptly including Gas Safety and EICR Reports *

Online login with access to rental statements & maintenance history *

Providing Tenants with an out of office hours emergency helpline *

Access via Bassets to an ARLA approved legal advice helpline *

12 month legal expenses cover and rental warranty insurance policy *

Managing the eviction process via solicitor including all required notices *

Serving of Notices (e.g. Section 21, Rental Increase)

Dealing with changes in the Tenancy Agreement (including renewals)

End/Post Tenancy

End/Post Tenancy

Conduct detailed end of Tenancy inspection *

Negotiating with Tenants regarding the return of the Damage Deposit *

Prepare & submit paperwork to Deposit scheme in the event of a dispute

Remarketing your property 'to let' including rent review *

 

#AllInclusive           #CheckYourStatement


Landlord Fees

Landlord Fees

Example Fully Managed fee Calculation

We have provided below a simple example of how our “ALL INCLUSIVE ” fee is charged and how favourable it compares to our local competition for transparency, fairness and the ease of understanding what you’ll be charged.

For the calculations below, we have chosen a Monthly rent of £900 PCM and provided example total costs for a six month, twelve month and eighteen-month tenancy.

Monthly rent £900 x 15.6 % (Monthly “All Inclusive Fee is taken from fee chart below) = £140.40 including VAT.

 

Six-month tenancy means = (6 x £140.40)  Total Cost £842.40

Twelve-month tenancy = (12 x £140.40)        Total Cost £1684.80

Eighteen-month tenancy = (18 x £140.40)   Total cost £2527.20

 

As these examples calculations show our management fee really is “ALL INCLUSIVE” with no setup, referencing,  tenancy,  inventory or checkout fee as these are included in our monthly charge.

 

Please enquire about Multi-Property discounts
Rental Amount pcm
Up to £675
£676 - £800
£801 - £1200
£1200+

Maximum Full Management Fee
(including VAT)
Up to £675
£676 - £800
£801 - £1200
£1200+

18%
(15% + VAT)
16.8%
(14% + VAT)
15.6%
(13% + VAT)
14.4%
(12% + VAT)

'Fully Managed Plus' Fee (Including VAT)
Payable in addition to the Fully Managed Service fees
Up to £675
£676 - £800
£801 - £1200
£1200+

£25
£25
£30
£30

Included Services
Undertaking comprehensive, independent referencing of all potential tenants (Enhanced referencing for Fully Managed Plus Service)
Included at no extra cost

Drafting of comprehensive tenancy agreement
Included at no extra cost

Comprehensive inventory prepared by an independent inventory clerk
Included at no extra cost

Collecting and registering the Damage Deposit with the DPS or TDS
Included at no extra cost

Arranging pre-tenancy works (cleaning, gas safety certificates and energy performance certificates)
Included at no extra cost

Notifying utility companies & Council at start & end of tenancy
Included at no extra cost

ARLA approved legal advice helpline available
Included at no extra cost

Serving of Possession (Section 21) and Rental Increase Notices
Included at no extra cost

Complying with NRL & HMRC requirements
Included at no extra cost

Dedicated Property Manager and Maintenance Manager
Included at no extra cost

Providing tenants with an 'out of hours' help line
Included at no extra cost

Producing an annual tax statement of income and expenditure
Included at no extra cost

Collecting rent and promptly transferring it by BACS upon receipt
Included at no extra cost

Dedicated accounts person to chase & manage arrears
Included at no extra cost

Conducting Management Inspections and reporting back
Included at no extra cost

Detailed End of tenancy inspection
Included at no extra cost

Negotiating with the tenants regarding the return of the Damage Deposit & processing deposit disputes
Included at no extra cost

Attending Court
Included at no extra cost

*Not available with the Tenant Find Service

‘Fully Managed Plus’ Fee (Including VAT) is charged monthly on top of the Fully managed fees as detailed above.

 

Other Potential Fees

Other Potential Fees
EPC - Energy Performance Certificate
£96 including VAT

Gas Safety & EICR Inspections
£78 including VAT / EICR price depends of property.

Legionnaries Inspection
£99 including VAT

Withdrawal Fee (Pre Tenancy)
£200 including VAT

Withdrawal Fee (During Tenancy)
(includes the transfer of any Damage Deposit)

£300 including VAT

Project management of refurbishment works over £1,500
£10% including VAT
Only payable if Bassets does not re-let the property

 

For more information on other services we offer, follow this link to our Tenant Find Services Page

Protecting your Money (CMP)

Please follow this link to our Client Money Protection Page