SERVICE CHARGES
At George Ellis Property Services we aim to provide a high standard of service, which is both efficient and cost effective. It is advisable to speak with one of our agents who will confirm the total price you would pay when using our services. Some of the services that we provide are included in certain management packages.
Our Sales Service
We provide a sales service that includes everything to ensure your property is marketed correctly, progressed swiftly and sold quickly with no tie in contracts. Terms apply.
Sole agency 1.5%
Joint / Multiple agency 2%
Off market properties POA
Our Letting Service
Letting Service 12% of agreed term of rental
We charge on the term of the rental (which is usually 12 months). We do not charge renewal fees.
Our Management Services
We have a range of five management services designed around the personal preferences of our landlords. All of our management services are fully comprehensive services with the exception of Rent Collection. We provide transparent straight forward written T&Cs including our service level agreements at the start for each service.
Fixed Fee Management (option of rent guarantee and legal expense cover)
Perfect for landlords who wish to have a fixed fee, but with built in added protection and peace of mind with rent guarantee and legal expense cover (additional cost) for properties where rentals are between £1300 to £1975 per calendar month. Any properties below will incur a minimum charge of £150 any above this threshold will be charged at 12% Tenants must be found via our letting service and reference checked by our division. Tenants must have no adverse credit information registered against them in order to qualify for this product. Other benefits include discounted letting fee which can be paid monthly (deducted from monthly rent) This service only applies to properties that are within 7.5 mile radius to our office. Terms apply.
£1300 – £1599pcm £155.00 per month
£1600 – £1700pcm £175.00 per month
£1701 – £1975pcm £195.00 per month
Portfolio Management
(6 minimum properties – terms apply) 8% of monthly rental agreed
We will manage any properties in any London borough or surrounding areas for a consortium, group, company, or collective of landlords. We can pay into multiple bank accounts. We offer a streamlined process for all your tenancy agreements, inventories, financial accounting and one point of contact. Under this service you are provided with detailed professional inventories and tenancy agreements as part of the service. Minimum number of properties 6. Terms apply.
Buy Now, Pay Later 6% of monthly rental agreed/balanced paid later
All the benefits and features of our full management service but with the option to defer 5% of our fee, to pay later – therefore only paying 5% now. Ideal for clients who have a high interest rate mortgage. Terms apply.
Rent Collection Only 5% of monthly rental agreed
We promptly collect your rent and credit your bank account via BACS. Terms apply.
Flexible Management 8% of monthly rental agreed
This flexible management service suits the busy landlord who is not on hand to deal with the management of their properties due to increased business commitments elsewhere, sudden change in personal circumstance or anything else. We take on your property and tenants and act as their main point of contact – ensuring continuity of service, reliability and competence from a team you can trust. Terms apply.
Block Management
We create a bespoke solution for every individual block management instruction we receive. We have full public indemnity insurance cover and adhere to strict professional standards of business conduct. Our role as a block management company is to support you on the administrative side. Free consultation and full written assessment report provided before contracts are signed.
Unit Price, Per Property £37.20 per month
Inventory Fees
All written inventories are supplied with photographs and in hard copy format only. Charges below apply for compilation and do not include check in.
Room/Studio £156.00
1 bedroom £192.00
2 bedrooms £216.00
3 bedrooms £234.00
4 bedrooms £258.00
5 bedrooms £282.00
The above is a guide for properties with a standard amount of furniture and contents.
We reserve the right to charge extra for exceptionally stocked properties. We will confirm the additional fees before proceeding with the service
All inventories with photographs are provided in hard copy format only. George Ellis Property Services will hold all electronic versions.
A surcharge of £60.00 will apply for any inventories carried out after 6pm in the evening or weekends or Bank Holiday.
A cancellation fee of £75.00 will be charged if less than 5 working days prior notice has not been received in writing via email. Please note that we will not release paperwork until payment is received
Tenancy Check-In* £180.00
Tenancy Check-Out* £180.00
This service will ensure that your tenants are checked-in or checked-out of your property correctly. All paperwork (compiling of inventories are extra – see above), meter readings are dealt with and utilities accounts updated. For those landlords who are using our services externally –please read our terms. Once completed the file is then sent to the Landlord for their retention. We will charge a postponement charge of £50.00 once a check in or check out date has been agreed with landlord and tenant(s) if the landlord postpones this date for any reason. A surcharge of £60.00 will apply for any Tenancy Check-in or Tenancy Check-out carried out after 6pm in the evening or weekends or bank holiday.
Pre-Tenancy Check-Out* £95.00
This service assists to a smooth conclusion of the final tenancy check-out. A visit is arranged and a letter is sent to the tenant the next day informing the tenant of the landlord’s expectation and the final date with check out date and time is confirmed. For those landlords who are using our services externally – please read our terms. A surcharge of £60.00 will apply for any Pre-Check-out Inspection visit carried out after 6pm in the evening or weekends or bank holiday.
Training Courses & Consultancy Service* POA
We provide private tuition of our signature courses taught on a one-to-one or one-to-two basis or in small groups or customised consultancy service. Our website has further details of all current courses and prices. Please do not hesitate to contact us for additional information.
Additional Services
Interim inspection visit* £180.00
This service is offered to all landlords who do not use our management service. With your inventory (or ours) we will conduct a mid-term inspection visit for your chosen date.
Full Tenant Reference Check* £60.00 (per tenant)
A bundle of four tenant checks for £240.00 (You get the 5th tenant check free)
We provide a detailed and comprehensive independent reference checks on behalf of any landlords or agents. The fee is payable in advance and all prospective tenants and or guarantors will be requested to complete our application form. Standard supporting documentation is a pre-requisite for each tenant applying for tenancy. A full tenant reference check is inclusive of our credit and ID/AML check. A full report is sent to the landlord within 3 working days. For clients who have multiple referencing we can offer a bespoke service.
Credit/ ID/AML & Monitoring Check* £30.00 (per person)
We provide credit ID/AML & ongoing constant monitoring checks throughout the tenancy. Please do not confuse this check with a full tenant reference check.
Tenancy Agreement* £316.00
Two hard copies of a comprehensive residential tenancy agreement, pertaining to a tenancy are produced in hard copy format only. Landlord must ensure they provide all the necessary details.
New Tenancy Creation* £460.00When making certain changes to any tenancy, due to legal regulations a new tenancy creation needs to be made. This will include keeping compliant with all of the current statutory and regulatory documentation that we are legally required to serve to every tenant before occupancy. This does not include George Ellis Property Services tenant referencing, formal check in or inventory services, or costs of any certificates. Terms apply.
Resolve Service* POA
From time to time, we understand that Landlords may have problems that occur with tenants that need third party intervention before it even has to go legal. Therefore, we offer a service, where we will talk to your tenants and write letters accordingly (usually only takes two) to resolve the matter. 96% success rate to date. Service includes 20 minutes free telephone consultancy with Landlord.
Landlord Companion Service* POA
George Ellis Property Services provides a comprehensive management service, to any individual or company and or group of individuals who agree to use our landlord companion management service for any of their properties – minimum 3 properties (does not include any HMOs on individual tenancies for 3 people or less). Rent collection is not included in this service. Payment for this service must be made monthly in advance. This service is ideal for any landlords/investors who do not want to deal with the myriad of compliance paperwork that is a necessity when letting in the private rented sector.
HMO Licence Application* £180.00
Completing and submitting the application. This is the same price for any selective or additional licences. It does not include the cost of the fee for the licence.
Attending the Property £85.00 per hour
If we have to attend the property to wait for trades people, surveyors, council officials, attending court or for any other reason related to the property that is not covered in our management terms there will be an additional charge.
Supplier Services
Gas Safe Certificate* £110.00
Electrical Certificate* £180.00 (from)
EPC* £90.00 (from)
PAT* POA
* These services must be paid for in advance, if you are not using our letting or management service, where some of these costs are inclusive. Terms & Conditions of Business to include our Service Agreements are available on request.
