Letting Service

For this service we charge 10% of the total rent for the period of the tenancy plus VAT. The fee is payable for the entire agreed term and is due at the start of the tenancy.

Management Service

The fee for our management service is 5% of the total rent plus VAT. This fee is payable on a monthly basis and is deducted from the rent on the date specified by the tenancy agreement.

Short Letting
The fee for introducing a tenant for a short let (up to 3 months) is 15% of the total rent plus VAT.

Renewal

When a tenancy is renewed to the existing tenants or any related party, the same terms and conditions regarding fees apply.

Sale

If a sale is agreed with the tenant or any associated party after the tenancy begins, Glenthorne will be entitled to a commission of 2% of the total sale price of the property plus VAT.

Introduction

A number of regulations have come into force over the past few years relating to safety in tenanted property.

These mainly cover the areas of gas, electrical and soft furnishings. Outlined below are the basics of these regulations. Further details and leaflets are available on request.

Gas Safety Regulations

Gas appliances owned by landlords and located in tenanted property must undergo annual safety checks by a CORGI registered engineer. In addition, installation, pipework and flues must be maintained in safe condition.

A copy of the the report must be made available to the tenant.

Electrical Equipment (Safety) Regulations 1994

Low voltage electrical equipment must comply with European Union Directives, which require that all such equipment supplied in tenanted accommodation must be safe.

Furniture and Furnishings (Fire) (Safety) Regulations

With effect from 1 January 1997, soft furnishings in newly created tenancies must comply with the above requirements.

Penalties

Penalties for not complying with these regulations can amount to a fine of £5,000 and/or up to six months imprisonment.