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Tenant fees

One tenant moving into a property = £300.00 (inc.VAT)

This covers referencing one tenant (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability) as well as contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement.

Each additional tenant moving into a property will be charged a further £120.00 (inc.VAT) per tenant

If a guarantor is required this will be charged at £60.00 (inc.VAT) per guarantor

The above fees cover all administration and reference charges.

Renewal Fee (per property) £60.00 (inc.VAT)

CREDIT CARD PAYMENTS - Are accepted however they will be subject to a handling charge of 1% of the sum paid where the payee is present at the time of transaction and 1½% where they are not present.

DEBIT CARD PAYMENTS - Are accepted however they will be subject to a handling charge of ¼% of the sum paid where the payee is present at the time of transaction and ½% where they are not present.

Rent must be made by a single standing order payment each month. Due to the extra processing time involved, individual rent payments by any other method will be subject to an administration charge of £24.00 (inc.VAT) for each payment. Rent payments made by cheque which fail to clear by the rent due date will be deemed to be late and an administration charge of £30.00 (inc.VAT) will be levied.

It is our policy to recommend legal action to landlords should your rent be more than fourteen days late.

CHARGES & PROCEDURES

If your rent remains unpaid for seven days a first reminder will be sent with a charge of £30.00 (inc.VAT).

If your rent remains unpaid for fourteen days a second reminder will be sent with a further charge of £30.00 (inc.VAT).

Further reminders may follow at the same seven day intervals thereafter and will be charged at the same rate.

REPLACEMENT KEYS

If during the term of your tenancy you lose or damage beyond use any key(s) &/or fob(s) the following charges will apply for replacements and locks if necessary:

Yale key - £3.60 (inc.VAT) per item. UPVC door key - £6.00 (inc.VAT) per item.

Mortise key - £8.40 (inc.VAT) per item. Security key - £12.00 - £48.00 (inc.VAT) per item dependant on type and manufacturers costs.

New lock £180.00 (inc.VAT) per item. Fob/electronic key - £12.00 - £48.00 (inc.VAT) per item.

An additional fee will be incurred if the work is undertaken outside of normal office hours.

If you require the use of keys held by DaBora Conway a deposit of £20.00 will be required. The deposit will be refunded upon return of the key(s). Failure to return the key(s) in the condition issued will default the deposit and result in the above charges for replacement being applied.

TO LET/LET BY BOARDS

These remain the property of DaBora Conway and are erected with the full agreement of the Landlord. You will be charged £30.00 (inc.VAT) in the event that they are removed by you without our authority. DaBora Conway reserves the right to erect a board on the renewal of the tenancy.

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WHAT'S HAPPENING

WHAT OUR EXPERTS THINKARCHIVES

THE IMPACT OF THE BUDGET ON PROPERTY

Brett Miller Area Manager

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Brett Miller
Area Manager

THE IMPACT OF THE BUDGET ON PROPERTY

We were pleased to see in the budget on 22nd November 2017 that Stamp Duty for first time buyers has been abolished on purchases up to £300,000 which has been one of the main highlighted policies of this Budget.

Also and what has been more relevant to our own area coverage, the Chancellor, accommodating for these higher priced areas stated that if a first time buyer purchases a property between £300,000 and £500,000, the Stamp Duty is only payable on the amount above £300,000 up to a purchase price of £500,000.

It has been commented that first time buyers should act quickly taking advantage of the Stamp Duty ban before the extra demand it will create begins to push up prices.

On another matter, it was stated that there will be a consultation relating to the private rental sector which will consider longer tenancies. The Chancellor hinted that longer tenancies could be encouraged by tax incentives, but no further details were given. Although this will not accommodate for an increase in rent, it may well be welcomed from a landlords perspective as this will give them the security of knowing that their property is let for a longer term without the prospect of a void period.

It was welcomed that the government decided not to increase the rate of tax on buy to let investors, as this would have been seen as further insult to injury after having to absorb the reduction in tax relief that is being phased in between now and 2020, along with the additional 3% Stamp Duty required on buy to let purchases and second homes. Although buy to let investors who have set up as companies will face increased taxes when they eventually sell their properties.

The Government’s Stamp Duty briefing paper can be seen here:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/661436/Stamp_duty_land_tax_relief_for_first-time_buyers.pdf

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Enforcement of Suspended Possession Orders - Update

Donna McCarthy, Partner Devonshires Solicitors LLP

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Donna McCarthy
Partner
Devonshires
Solicitors LLP

Enforcement of Suspended Possession Orders - Update

Following a Court of Appeal decision in October 2016 (Cardiff County Council v Lee), a landlord seeking to enforce a suspended possession order, as a result of breaches of that order by the tenant, must apply to court for permission before the warrant of possession can be issued.

At the time, the decision caused widespread concern for landlords and practitioners because of the increased costs and delays which would inevitably result from the additional stage in the eviction process – and which also added to the extra processing and judicial work required of the already overloaded County Court.

Shortly after the decision, the Civil Procedure Rules Committee circulated a new N325A form to use when the suspended possession order was being enforced on the basis of rent arrears only. It also confirmed that for any other suspension terms, the application would have to be made using an N244 form with supporting evidence. At the same time, it was announced that the Committee would be carrying out a consultation.

The Civil Justice Committee has recently released their response to the consultation in which it effectively supports the current procedures. The consultation closed on 30 August 2017, but there is no formal decision yet.

We will provide an update once a formal report is published but in the meantime, landlords should continue to use the N325A when enforcing suspended orders based on rent, and N244 for all other cases.

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Welcome to our new website

David DaBora

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Section 21 Notices - Getting it right

Donna McCarthy, Partner Devonshires Solicitors LLP

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Enforcement of Suspended Possession Orders - Update

Donna McCarthy, Partner Devonshires Solicitors LLP

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