Lettings Price Guide

Would you like the stress and hassle taken out of renting out your property?

Then complete property management is the way forward. This will give you total peace of mind, knowing that we are looking after your investment safely and within legislative requirements.

We will arrange a property inspection, discuss market conditions and recommend a suitable rental figure. In recommending a rental figure, factors we will consider include the location, size and condition of the property and current market climate. At this appointment we will take photographs for the advertising brochure which will give potential tenants a preview of the property. We will also discuss the merits of renting furnished or unfurnished

Full Management Service Fee: £450 (Including Vat) + 15% (including Vat) of the monthly rent

Ideal for the busy or non-resident landlord. Our fully managed service ensures that the day-to-day management of the property is dealt with by Munro & Noble.

This service includes:

Pre rental appraisal to ensure property meets current legislation requirement – Preparation of brochure with photos and property description – Marketing your property on Rightmove, On-The-Market and on our website and facebook page. – Advertising on HSPC if requested, at cost. – Carrying out accompanied viewings (depending on location) – Securing a suitable tenant for your property after considering references and discussing with yourself. – Preparing the Lease*. This will be a Private Residential Tenancy Agreement. – Preparing a detailed Inventory and Condition Report with photographs. – Meeting the tenants at the property, arrange for signing of the lease and hand over the keys. – Collecting the rent and arranging transfer to your account, after deduction of our fees and any outlays – Lodging the deposit with Safe Deposits Scotland. – Advising Council Tax and Utility Providers of the change of occupier. – Monitoring, collecting and forwarding the rent each month and providing a statement to you – Dealing with tenants and any enquiries – Carrying out regular property inspections and providing you with a report of any work required. – Dealing with any repairs and maintenance within an agreed limit. Using your own selected tradesmen if requested – Arranging servicing of appliances and obtaining legally required safety certificates – Reviewing the rent and issuing notices, after discussion with you. – Issuing notices to the tenant to terminate the tenancy (as and when required) – Advising tenants of end of tenancy procedures. – Carrying out a final inspection of the property and providing you with a Check Out Report. – Liasing with the tenant and Safe Deposits Scotland in respect of deposit allocation.

*When entering into a tenancy, substantial legal rights are granted to the tenant and it is therefore essential that the lease is professionally prepared in order to protect your legal rights as a landlord.
Munro & Noble 26 Church Street, Inverness IV1 1HX Tel: 01463 22 17 27Email: lettings@munronoble.com

Non-Factored Service Fee: £540 (including Vat)

Our Non-Factored Service arranges advertising and tenant find but leaves the day-to-day management of the property to you. You will be required to lodge any deposit received with a Scottish Government accredited organisation.

This service includes: Pre rental appraisal to ensure property meets current legislation requirement – Marketing your property on Rightmove, On-The-Market, our website and facebook page. – Advertising on HSPC if requested, at additional cost. – Preparation of brochure with photos and property description – Carrying out accompanied viewings (depending on location) – Securing a suitable tenant for your property after considering references and discussing with yourself. – Preparing the Lease*. This will be a Private Residential Tenancy Agreement. – Meeting the tenants at the property, arrange for signing of the lease and hand over the keys. – Collecting the first month’s rent and arranging transfer to your account, after deduction of our fees and any outlays – Collection of the deposit which we will transfer to you to lodge with your Tenancy Deposit Scheme. – Copy all documentation to you to allow you to manage the tenancy.

*When entering into a tenancy, substantial legal rights are granted to the tenant and it is therefore essential that the lease is professionally prepared in order to protect your legal rights as a landlord.

Lease Only Fee: £330 (including Vat)

For the landlord who has found a tenant, we can offer the Lease Only Service whereby Munro & Noble will prepare the lease and serve statutory notices to the tenant. The lease is a Private Residential Tenancy Agreement. When entering into a tenancy, substantial legal rights are granted to the tenant and it is therefore essential that the lease is professionally prepared in order to protect your legal rights as a landlord.

If you require us to check your tenant’s references an additional fee of £60 (including Vat) will apply.

Inventory Preparation Fee: see below

For our Non-Factored and Lease Only Landlords we would recommend an Inventory and Condition Report is prepared at the property prior to the commencement of the Tenancy. We can provide this, complete with photographs embedded for an additional charge, details below:- 1 bedroom………………………………….£78 (including Vat) 2 bedroom…………………………………£102 (including Vat) 3+ bedroom……………………………….£144 (including Vat) A 20% surcharge will be applied to the above for furnished properties.

Marketing Only Fee: £210 (including Vat)

For the landlord who is looking for Munro & Noble’s professional advice of how best to market their property, plus access to our marketing portals, such as Munro & Noble Property Shop, On-The-Market and Rightmove websites.

Additional Assistance:

Legal Assistance: Our Court department can assist with submission and representation at the First Tier Tribunal should any action be required to remove the tenant or recover unpaid rent.

Buy-to-let Mortgages: Munro & Noble Financial Services are Independent Financial Advisors based in our office in Church Street, Inverness. telephone number is 01463 718872.

Landlords Insurance: Please contact us should you require assistance with this.

Munro & Noble 26 Church Street, Inverness IV1 1HX Tel: 01463 22 17 27Email: lettings@munronoble.com

ABOUT US

We always have your best interests as a property owner at the forefront of our minds. However, as legislation changes, we consider it our duty to keep you informed of the changes and ensure both you and your property always comply with the law.

We are proud to be part of an established and reputable legal firm and have full support from a team of experienced solicitors.

Munro & Noble has a rich history throughout Inverness and the Highlands, being in practice for more than 100 years.

We comply with the Letting Agent Code of Practice and are regulated by the Law Society of Scotland. Copies of the code and our written procedures are available on request. Letting Agent Registration Number: 1901006