Our fee for arranging a property sale is 1.5% of the final contract sale price. Our fee includes all the marketing materials that you would need, a bespoke individual property website, full advertising, and a personal one to one service dedicated to achieving your goals.
MCS provide a comprehensive service designed to source the best possible tenants for your property. We will be with you to provide a complete package from initial discussion to the day that your new tenants move in. Fees for this service are charged at 75% of the first months rent .
To take over the management of a pre tenanted rental property we charge no up front fees, just an ongoing management fee of 10% of the gross monthly rent with the following additional costs.
An additional 1% is added for the management of student properties.
An inventory or property condition report can always be provided and is recommended. Our fees for this will vary depending on the size of property.
Following the Tenant Fees Act 2019, MCS tenancy renewals at the end of a fixed term and accompanying inspection visits are now charged to Landlords at £150.00 with no charge being made to Tenants.
As part of our service we will arrange or oversee any works to be carried out to the property up to the total value of £2000 (two thousand pounds) per calendar year. For any works that we are requested to arrange or oversee in excess of this amount we would charge an arrangement fee of 10% of the additional cost of works.
Full management with rent collected by others
To take over the management of a pre tenanted rental property where we are not required to collect rents we would charge no up front fees, just an ongoing management fee of 8% of the gross monthly rent.
Rent collection only
To provide a rent collection service for a pre tenanted rental property where we are not required to provide property management we charge no up front fees just an ongoing fee of 4% of the gross monthly rent.
Fees charged to Tenants
The Tenant Fees Act 2019 came into force on 1st June 2019. Under this Act it is no longer permissible for Agents or Landlords to charge fees to tenants, other than in a small selection of prescribed circumstances as set out by law. Please ask for further details.
MCS Property Sourcing is charged at 1% of the purchase price paid on legal completion of the transaction. This service is intended to save you both time and money and we will work with you to negotiate the best possible terms on any chosen property.
MCS is a bespoke property company and we may be able to offer other services by arrangement. Please contact us for further information.