Introducing RentBangkokCondo Rent Collection Service, the ultimate solution for stress-free rental income and deposit management. Our comprehensive platform streamlines every aspect of managing your rental properties, ensuring timely payments, transparent financial oversight, and expert handling of arrears and deposit management.
Say goodbye to the stress of rent collection! Our experienced team streamlines the process, ensures timely payments, and handles awkward conversations with tenants, giving you peace of mind and more time to focus on your goals.
With RentCityFlat.com, our landlords are provided with transparent rent statements, ensuring they have a clear picture of all incoming and outgoing transactions. These statements facilitate easy tracking of rent receipts and any deductions.
When late rent payments become missed rent payments, it can threaten your income and lead to legal complications. Our expert Arrears Management service offers guidance and support to help you recover missed rental payments while complying with local regulations. We understand the complexities of landlord-tenant laws and take meticulous action to protect your rights without costly missteps.
Unveiling RentCityFlat.com's "Tenant Eviction assistance": A comprehensive service for property owners navigating legal complexities! Navigating the intricacies of tenant evictions can be emotionally demanding and legally complex, requiring careful adherence to due process. RentCityFlat.com's "Tenant Eviction Assistance" service offers landlords unwavering support during these challenging times.
RentCityFlat.com is proud to offer a crucial feature within our Rent Collection Service: "Deposit Management." Understanding the importance of security and trust in the landlord-tenant relationship, we manage tenant deposits through third-party custodial services, ensuring that deposits are handled with the utmost integrity and professionalism.
In response to the rising cost of living and global inflation, RentCityFlat.com offers an innovative solution for tenants and landlords alike with our "Zero Deposit Schemes." This alternative to the traditional deposit system addresses the financial strain that upfront security deposits can place on tenants, particularly during economically challenging times.
RentCityFlat.com proudly enhances its Rent Collection Service with the addition of "Call Centre Support," providing landlords with comprehensive and accessible customer service options. Alongside our robust online support and chat capabilities included in the "Find A Tenant" service, this feature expands the avenues through which landlords can receive timely assistance and information.
When a landlord signs up for both our Find a Tenant and Rent Collection Services, our fees are deducted from the rent payments we receive. The frequency of these deductions varies (weekly, monthly, quarterly, or annually) based on the agreed-upon terms with the tenants. In most long-term tenancies, rent is paid monthly.
However, alternate payment schedules may apply in specific situations, such as when tenants are not fully referenced, do not have a credit history due to being new to the country, or lack steady employment, like students. In these cases, the rent is usually paid upfront and in full, typically covering 12 months in advance.
While it is less common, the rent payment schedule can be set up for quarterly or half-yearly payments. This schedule can be mutually agreed upon between the tenant and the landlord, and we will discuss and finalize it at the beginning of the tenancy
| Rent Collection Timeframe | Weekly | Monthly | Quarterly | Half Year | Annually |
|---|---|---|---|---|---|
| Rent | £230.77 | £1,000.00 | £3,000.00 | £6,000.00 | £12,000.00 |
| Find A Tenant Service Fee | 8.0% | 8.0% | 8.0% | 8.0% | 8.0% |
| Rent Collection Service Fee | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% |
| Total Service Fees | 10.0% | 10.0% | 10.0% | 10.0% | 10.0% |
| UK Value Added Tax 20% | 2.0% | 2.0% | 2.0% | 2.0% | 2.0% |
| Total Fee including tax | 12.0% | 12.0% | 12.0% | 12.0% | 12.0% |
| Service Fees Deducted | £27.69 | £120.00 | £360.00 | £720.00 | £1,440.00 |
| Rent paid to Landlord | £203.08 | £880.00 | £2,640.00 | £5,280.00 | £10,560.0 |
These are non-optional fees for compliance with industry best practices. They are in addition to the service package fees above. All fees include 20% VAT.
| Fee | Price from | Unit |
|---|---|---|
| Tenant Referencing | £60 | Per Tenant or Guarantor |
| Check In and Check Out inspection and report | £200 | Each per Tenancy |
| Tenancy preparation fee | £150 | Per Tenancy |
| Deposit protection registration | £80 | Per Tenancy |
| Tenancy contract renewal | £120 | Per Tenancy |
| Withdrawal from Tenancy | Up to £1,600 | If the Owner Pulls out where a suitable Tenant has been found and referenced with an agreed date of occupation |
These are in addition to the service package fees, above, and we will seek your approval before proceeding. All fees include 20% VAT.
| Fee | Price from | Unit |
|---|---|---|
| Electrical Installation Condition Report (EICR) | £240 | Maximum per report |
| Licensing application (Property licenses are subject to local authority approval) |
£500 | Per license |
| Sale completion and handover management (Refundable after appointing us as your agent, on either Managed Property or Full House service packages) |
£600 | Per sale completion and handover management |
| We pay rental income tax for you | £60 | Per quarter |
| Pay rental income tax yourself | £180 | Per application |
| Property mid-term inspection | £120 | |
| Vacant property inspection | £120 | Per inspection |
| Portable Appliance Tests | £120 | Per flat |
| Project management for works over £1,000 | £60 | Per hour |
| Court appearance | £120 | Per hour |
| Documentation for court cases or deposit scheme arbitration | £240 | Per court case or deposit scheme arbitration |
| Sales facilitation – viewings access, and sales questionnaire and other documentation (only applies when we are not the sales agent representing you) | £120 | Per viewing attendance, and per questionnaire/document pack |
| Key cutting | £24 | Per set |
| International rent remittances | £30 | Per payment |
| Appoint us as your processing agent for bank mortgages | £160 | Per annum |
| Energy Performance Certificate (EPC) | £78 | Per certificate (cost varies with property size) |
| Gas Safety Certificate (Gas Safe) | £83 | Per certificate (cost varies with number of gas appliances) |
| Property cleaning | £15 | Per hour |