Genie Lettings in West Cowes, Isle of Wight

Fully Managed

10% of monthly rental income plus tenant finder fee of £350

This service provides Landlords with a complete property management service, which includes the following:

  • Full advertisement of your property on all social media platforms, Zoopla, Prime Location and our Website.
  • Accompanied viewings with prospective Tenants.
  • Referencing and credit checks on prospective Tenants.
  • Drawing up of all paperwork, including Tenant Agreement, Pet Policy (if required), Agreement of Guarantee (if required).
  • Collection of rent on a monthly basis, forwarding statement showing any expenses.
  • Carry out regular inspections on the property and report back to the Landlord with a full written report.
  • Carrying out any maintenance works to the property, supplying quotations for works needed to the Landlord.
  • Arrangement of renewal contracts and serve any notices needed.
  • Check-out report carried out when Tenant vacates property.
  • Deposit can be registered with the DPS (Deposit Protection Service) for an additional cost of £30.

Additional Fees

  • Inventory and schedule of condition –
Unfurnished Furnished
1 Bedroom £90 £108
2 Bedroom £100 £120
3 Bedroom £114 £132
4 Bedroom £132 £156
5 Bedroom £156 £180
6 Bedroom £180 £204
More than 6 POA POA
  • Registering of the deposit into the Deposit Protection Service (DPS) - £30
  • Regular property visits - £60 (Included in our Fully Managed Service)
  • Assured shorthold tenancy renewal fee - £60
  • Periodic agreement - £60
  • Check-out report to be carried out when Tenants vacate property - £60 (Included in our Fully Managed Service)
  • Release of deposit at the end of the Tenancy - £30 (Included in our Fully Managed Service)
  • Dealing with deposit disputes – From £100
  • Arrangement of Gas safety - £70
  • Arrangement of Electrical safety report - £175
  • Arrangement of the Energy Performance Certificate (EPC) - £80
  • Legionella risk assessment and report - £80
  • Fire safety pack - £90 (includes powder fire extinguisher, fire blanket and two smoke and carbon monoxide detectors)
  • Issuing and serving Section 21 and/or Section 8 notice – From £75 (Included in our Fully Managed Service)

Rent Collection

8% of monthly rental income plus tenant finder fee of £350

This service includes the collection of each monthly rent and the following:

  • Full advertisement of your property on all social media platforms, Zoopla, Prime Location and our Website.
  • Accompanied viewings with prospective Tenants.
  • Referencing and credit checks on prospective Tenants.
  • Drawing up of all paperwork, including Tenant Agreement, Pet Policy (if required), Agreement of Guarantee (if required).
  • Collection of rent on monthly basis, forwarding statement showing any expenses.
  • Deposit can be registered with the DPS (Deposit Protection Service) for an additional cost of £30.

Tenant Finder

£450

This service includes the collection of each monthly rent and the following:

  • Full advertisement of your property on all social media platforms, Zoopla, Prime Location and our Website.
  • Accompanied viewings with prospective Tenants.
  • Referencing and credit checks on prospective Tenants.
  • Drawing up of all paperwork, including Tenancy Agreement, Pet Policy (if required), Agreement of Guarantee (if required).
  • Deposit can be registered with the DPS (Deposit Protection Service) for an additional cost of £30.

Tenants Fees

  • Holding Deposit to reserve the property – Equivalent to one weeks rent. The holding deposit is non-refundable on the following occasions:
    • Misleading or inaccurate information is provided by the Tenant(s) or Guarantor(s) on application.
    • Tenant(s) or Guarantor(s) fail a Right-to-Rent check.
    • Tenant(s) or Guarantor(s) fail to sign their tenancy agreement and agreement of Guarantee (if relevant) within 15 calendar days (or other deadlines that have been agreed between Genie Lettings and the Tenant(s) and Guarantor(s), in writing).
  • One months’ rent in advance.
  • Security deposit – Equivalent to 4-5 weeks rent, dependant on property.
  • Amendments to Tenancy – £50 to cover the costs of preparation and implementation of new legal documents.
  • Early termination of the Tenancy, where requested by the Tenant – Should the Tenant wish to terminate their tenancy early, they will liable to cover the Landlord’s cost in re-letting the property and continue to pay the rent until the new Tenancy commences. These costs will not exceed more than the outstanding rent on the tenancy.
  • Fees will be incurred for replacement of lost keys or security devices. If the loss of the key(s) results in locks needing to be changed then the Tenant(s) will be liable to pay for the cost of the locksmith, new lock and replacement keys for the Tenant(s), Landlord and Agent.
  • Unpaid Rent – If rent is 14 days or more in arrears interest at the rate of 3% above the Bank of England Base Rate will be added.

Additional Fees

  • Inventory and schedule of condition –
Unfurnished Furnished
1 Bedroom £90 £108
2 Bedroom £100 £120
3 Bedroom £114 £132
4 Bedroom £132 £156
5 Bedroom £156 £180
6 Bedroom £180 £204
More than 6 POA POA
  • Registering of the deposit into the Deposit Protection Service (DPS) - £30
  • Regular property visits - £60 (Included in our Fully Managed Service)
  • Assured shorthold tenancy renewal fee - £60
  • Periodic agreement - £60
  • Check-out report to be carried out when Tenants vacate property - £60 (Included in our Fully Managed Service)
  • Release of deposit at the end of the Tenancy - £30 (Included in our Fully Managed Service)
  • Dealing with deposit disputes – From £100
  • Arrangement of Gas safety - £70
  • Arrangement of Electrical safety report - £175
  • Arrangement of the Energy Performance Certificate (EPC) - £80
  • Legionella risk assessment and report - £80
  • Fire safety pack - £90 (includes powder fire extinguisher, fire blanket and two smoke and carbon monoxide detectors)
  • Issuing and serving Section 21 and/or Section 8 notice – From £75 (Included in our Fully Managed Service)

View our CMP Certificate Client Money Protection Procedure

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Contact us

  • Genie Lettings Limited
    170 Mill Hill Road
    West Cowes
    Isle of Wight
    PO31 7EN
  • Telephone: 01983 210295

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