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Tenant fees

One tenant moving into a property = £312.00 (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 £132.00 (inc.VAT) per tenant

If a guarantor is required this will be charged at £72.00 (inc.VAT) per guarantor

The above fees cover all administration and reference charges.

Renewal Fee (per property) £72.00 (inc.VAT)

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 £36.00 (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 £42.00 (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 £42.00 (inc.VAT).

If your rent remains unpaid for fourteen days a second reminder will be sent with a further charge of £42.00 (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 - £5.00 (inc.VAT) per item. UPVC door key - £8.00 (inc.VAT) per item.

Mortise key - £10.00 (inc.VAT) per item. Security key - £15.00 - £60.00 (inc.VAT) per item dependant on type and manufacturers costs.

New lock £230.00 (inc.VAT) per item. Fob/electronic key - £15.00 - £60.00 (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 £42.00 (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 THINK ARCHIVES

An interesting read from Property Industry Eye - High Street Agents get a 5% better Price

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An interesting read from Property Industry Eye - High street agents get a 5% better price than onliners in almost three-quarters of cases.

An interesting read from Property Industry Eye - High Street Agents get a 5% better Price

High street agents achieve more viewings, more offers, and in almost three-quarters of cases a 5% better price than online-only firms.

The research, from The Advisory – an independent consumer advice group for house sellers – says that internet-only agents are very reliant on the portals to find buyers.

However, it says that while Rightmove generates 52% of viewings, it generates only 36% of offers and 27% of the best buyers.

High street agents generate 48% more viewings, 64% more offers, and in 73% of cases a 5% higher sale price.

On a £250,000 sale, that translates to a loss of £12,500, claims The Advisory, if an online-only firm has been used.

The firm clarified last night that its study was looking at passive intermediaries, versus local estate agents.

The Advisory says that the average UK high street estate agency fee is 1.18% plus VAT.

However, it adds that agents could be selling themselves short – and could be charging up to 4% commission plus VAT and still achieve a better result than an internet-only listing service charging £849.

A total of 202 sales were studied, and The Advisory says it makes no claim that its findings are definitive – just relevant.

It has not clarified the number of sales that went through online or high street agents, but  yesterday evening stressed that the research was largely into ‘passive intermediary’ versus ‘proactive local estate agent’.

The research was very quietly published on its own website by The Advisory in August, and has so far not been picked up by any other media.

It is part of a series of ongoing guides, the result of research over two years.

An earlier section of it queries the wisdom of sellers using online agents on the basis that professional house sellers do not.

It says that professional sellers include builders offering part exchange, corporate asset managers, and banks disposing of repossessed properties.

The research says: “Interestingly, we don’t know of any that use cheap online estate agents.

“Instead, they choose to put their sales in the hands of local, no sale no fee, high street estate agents.”

The Advisory is run by Gavin Brazg, who says that he is also a professional seller, managing a team which buys and sells houses on behalf of corporate relocation companies and developers offering part exchange.

He says that what he pays annually in estate agent fees is “not insignificant”.

However, estate agent fees are not his primary concern.

Instead he focuses on a “walkaway figure – the amount of money received from a sale after the cost of selling has been deducted”.

He says that sellers who do sell through an internet agent could be “stepping over the pounds to pick up the pennies”.

The latest guide is here:

https://www.theadvisory.co.uk/estate-agents/online-vs-high-street/

Its methodology is at: https://www.theadvisory.co.uk/estate-agents/online-vs-high-street/#anchor-7

EYE wants to be balanced in our coverage: we are neither nor against different agency models and simply report on the information made available to us, or that we find.

If readers can point us to wider or other information we will be very grateful.

FULL CREDIT FOR THIS ARTICLE TO -  ROSALIND RENSHAW, PROPERTY INDUSTRY EYE - https://www.propertyindustryeye.com/high-street-agents-get-a-5-better-price-than-onliners-in-almost-three-quarters-of-cases-claim/

 

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Say Hello To Our South Woodford Branch Manager!

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Say Hello To Our South Woodford Branch Manager!

Darren Spraget has worked within the Central, East London and West Essex sales and lettings property market for 18 years’ and is currently celebrating the last 10 of those years with DABORACONWAY.

Based at our South Woodford branch Darren progressed from Senior Negotiator to Assistant Manager and then Branch Manager. He is highly motivated and prides himself on his high standards and excellent knowledge of the local marketplace.

So, if you are thinking of letting or would just like an informal chat about the current value of your property, Darren will be happy to help and advise on all of your property needs.

Please feel free to pop into the South Woodford branch, alternatively Darren can be contacted on 020 8530 7200.

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