House and Garden | 04 March 2020

IDYLLIC LIVING ON IBIZA

Whether you visit Ibiza for its legendary nightlife or to enjoy a sun-soaked getaway, this spectacular villa is ideally situated to enjoy the best of both. Can Castel is a short drive from Ibiza Town and the airport, yet the 10-bedroom property has a tranquil atmosphere, with stunning views of the sea and hills. With a large pool, a gym and a tennis court, there’s plenty to do without ever having to leave the grounds. €18.9 million.

For more information, visit www.quintessentiallyestates.com

AN ADVANTAGEOUS ADDRESS

Few properties have as regal a setting as No. I Palace Street, a collection of 72 apartments located on a splendid site directly opposite Buckingham Palace.The historic building is being meticulously restored, and will have over 10,000 square feet of residents’ amenities, including one of the most impressive private pools in the capital. Each apartment will have an individual design, bespoke to its new owner — offering a unique opportunity to acquire a truly palatial city pad. From £2.55 million.

For more information, visit www.cliftonpropertypartners.com

SUPER STYLISH SPACES

Since 1972, The Malins Group has been designing and building property developments in London and the south of England, growing its own investment portfolio as well as offering clients an end-to-end service that spans everything from planning permission to sales. Recent projects include The Metalworks in Clapham (pictured above) and a development in the heart of historic Greenwich. The in-house design studio also works on private homes, to create stylish interiors while maximising property value.

For more information, visit www.malinsgroup.co.uk

AT YOUR SERVICE

If you’re seeking a more personalised and less stressful approach to buying, selling or letting, the residential property consultants INHOUS could be the solution. With years of experience in the prime central London market, the team offers services spanning everything from accurate valuations to relocation support. If you’re looking to achieve the best price for your home, trying to find the house of your dreams, or seeking a comprehensive lettings and management service, they’re perfectly placed to help.

For more information, visit www.inhous.com

 

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FEES FOR TENANTS

Tenancy charges may vary, depending on the agreement we have with you, so it’s best to ask the INHOUS lettings department.

Permitted Charges in accordance with the Tenant Fee Act 2019

The following payments may apply when entering an Assured Shorthold Tenancy:

First month’s rent In advance
Tenancy Deposit 5 weeks, or 6 weeks if annual rent is over £50,000
Holding Deposit One week’s rent, put towards your first rent due
Early termination when requested by the tenant A charge not exceeding the financial loss experienced by the landlord
Default charge for late payment of rent A maximum of 3% above Bank of England base rate, charged when rent is more than 14 days late
Default charge for replacement of lost key or security device Equivalent to cost incurred
Changing the tenancy documents after the commencement of the tenancy, including change of sharer £50 incl. VAT

The following payments may apply when entering a Non-Housing Act Tenancy:

A Non-Housing Act Tenancy is formed when the annual rent exceeds £100,000 or the property is occupied by a Company rather that an individual.

  Inclusive of VAT
Tenancy Setup Fee drafting and execution of tenancy agreement if supplied by us, collecting and holding the Security Deposit as Stakeholder, issuing protection certificates, if applicable, Open Banking type referencing of tenant and initial Right to Rent Checks £360
Check-in Fee checking into the property and reviewing inventory minimum of £130
Tenancy Continuation negotiating and drafting an extension £150
Change of Sharer – Deed of Assignment £120
Early Termination – Deed of Surrender £120
Guarantor Referencing Fee (each): £30
Deed of Guarantee Fee: £50
Late payment of rent 3% above the Bank of England base rate

 

How to Rent Guides:

This guide is for tenants and landlords in the private rented sector to help them understand their rights and responsibilities. This guide includes a checklist and further detail on each stage of the rental process.

How to rent – GOV.UK (www.gov.uk)

FEES FOR LANDLORDS

Tenancy charges may vary, depending on the agreement we have with you, so it’s best to ask the INHOUS lettings department for a full breakdown of costs. Here’s a list of what you can typically expect to pay:

Lettings Service Only: 10%+VAT (12% inc. VAT) – Including rent collection
Letting and Management Service: 16%+VAT (19.2% inc. VAT)
Short Let (less than 6 months): 24%+VAT (28.8% inc. VAT)
Lettings Renewals Service: 8%+VAT (9.6% inc. VAT)
Lettings and Management Renewal: 14%+VAT (16.8% inc. VAT)
Short Let Renewal (less than 6 months): 24%+VAT (28.8% inc. VAT)

Pre-Tenancy

Additional non-optional fees and charges

We will not be charging clients fees for referencing, tenancy agreements or deposit registration.

The costs of a clean, EPC, gas safety, EICR, PAT and inventory are set by third party suppliers and prices may vary. The below schedule is to give you an idea of what you would typically pay.

All fees stated are inclusive of VAT (calculated at 20%):

During the tenancy (if required

INHOUS is a member of and covered by the ARLA/Propertymark Client Money Protection (CMP) Scheme.

We are also a member of a redress scheme provided by The Property Ombudsman www.tpos.co.uk.