For new landlords, we charge a one-off finder’s fee of £125 to benefit from our services. This fee is non-refundable should you decide not to use us for whatever reason. The finder’s fee goes towards advertising costs and covers the full inventory we carry out, etc.

Our management fee is 10% of the rental income.

For existing landlords, we charge £125 to find a new tenant or £95 to renew a tenancy agreement for an existing tenant, unless it is a shared house/student house HMO. In that case, the finder's fee is £200.

We issue 12-month tenancy agreements. Six months into the agreement, we charge a further £150 to landlords as an admin fee. This is to replace the admin fee we used to charge tenants before the Tenant Fee Bill (ban) came into effect in June 2019, stopping us from charging tenants this fee.

There are no other hidden fees, and we do not take a commission from our maintenance workers.

We are a small company and are not VAT registered, so our fees have no VAT added.

For this fee, our services include:

• An assessment of your property, after which we will:
• Recommend the rental value
• Have your property professionally photographed
• Upload a photograph and a written description onto our website and advertise on Rightmove, Find a Property, Prime Location, Gumtree, etc.
• Arranging for any work or cleaning which may need to be carried out on the property to ensure it is of a suitable standard for rental. All works are paid for by Davison Property and deducted from rental income. No charge is made for arranging work to be done; we simply pass on the charges incurred for work carried out. We use tried and tested contractors with very reasonable rates. Landlords are always invited to appoint their own contractor or do the work themselves first.
• Advising on issues of property safety, e.g., installation of smoke detectors, arranging for Gas Safety Certificates to be issued (normally £60) along with EPC’s (normally £50) and Electrical Periodic Inspections, etc.
• Finding you a tenant who can provide a guarantor. The guarantor has to be a property owner and pass a credit check, as well as show they have the ability to pay through earnings (£20,000 pa normally) or savings (£3000 normally). It is most unusual for it to take more than a month to find a tenant; normally it is within two weeks.
• Producing the tenancy agreements (we like to get 12-month agreements in place), witnessing their signing, and issuing receipts.
• Doing a full video inventory of the property when the tenants move in, making notes of condition/damage, etc., with photographs taken to provide evidence if required. The video is done with at least one of the tenants present and can be used as evidence in court if required. Meter readings are also taken, and all the relevant authorities are informed of the tenancy, i.e., Council Tax and Water.
• Collecting the rent (always payable on the first of each month) and paying the landlord within the first 2 weeks of the month, assuming the rent is paid on time. Any maintenance charges, etc., are deducted from the rent, and a monthly invoice is emailed to you for your records. All clients’ money is kept in a ring-fenced client account.

All Client Money is held in a Client Money Account with a Bank or Building Society authorised by the Prudential Regulatory Authority (PRA), the Bank of England, and the Financial Conduct Authority (FCA) in England, Scotland, Northern Ireland, and Wales.

For further information, please follow the link to our Client Money Protection procedure for handling client money. We can also provide a paper copy of the procedure to any person who may reasonably require a copy.

The Agent is a member of the Client Money Protect Scheme (CMP). Full information is available at www.clientmoneyprotect.co.uk

Membership number: CMP008141 (CMP membership certificate)

Providing a seven-day-a-week helpline from 8am till 9pm for tenants and landlords via email.

• Keeping up to date with legal issues and the local authority’s policies, making sure the tenancy agreements issued are correct.
• Contacting the tenant at least two months before the end of the tenancy to see if they want to renew. If not, this gives us time to advertise the property enabling back-to-back agreements. It is very rare for us to have a property empty once we are fully managing it.
• If tenants are late with rent, we adhere to a very strict policy:
1. Phone calls within the first few days
2. Friendly reminder at 5 days late
3. Notice Before Action letter at 10 days
4. County Court case initiated at 20 days

If Section 8 or Section 21 notices are required for possession, we issue these on behalf of the landlords. We do not charge our landlords for any of these services, including attending court.

Davison Property is a member of TPO Scheme (The Property Ombudsman). Full details are available at: www.tpos.co.uk

Davison Property is registered with ICO (Information Commissioners Office) for data protection. Full information available at: www.ico.org.uk