Landlord services in Bury St Edmunds
Why us MAP Lettings?
MAP Lettings & Property Management Services are an independent letting & management agency located in Bury St Edmunds.
Michaela Peck, who owns the business, is very proud of the growth and success of the company over the last twenty years. Michaela started her business from home and the company is now based at a well located and easily accesable office within the town centre.
Michaela has a great team and they all take pride in their work and combined with a personal attention to detail, gives the advantage over the competitors.
Our promise
MAP Lettings offers an excellent and competitive letting and management service and provide you (the Landlord) with a high quality professional service tailored to meet your requirements, in a friendly and cost-effective manner.
Our aim
To develop a close and long-term working relationship with you.
Our professionalism
MAP Lettings & Property Management is a Licenced Agent, and governed by the Association of Residential Letting Agents, The National Association of Estate Agents and are members of the Property Ombudsman Scheme for Residential Lettings.
SCALE OF CHARGES
VAT is payable at the prevailing rate on all our fees, currently 20%. In accordance with consumer legislation it is quoted as included in the prices stated below. If the VAT rate changes the price charged will change accordingly.
An amount payable under a percentage fee will go up or down depending on the agreed rent level. Fixed fees will remain the same regardless of the rent level agreed.
1) Introduction Only Service £250.00 including VAT, payable for each letting where the tenant is introduced through the Agent.
2) Let only Service £550.00 including VAT for rents up to £1,000.00 per calendar month, for each letting where the tenant is introduced through the Agent.
£650.00 including VAT for rents over £1,000.00 per calendar month for each letting where the tenant is introduced through the Agent.
£750.00 including VAT for rents over £1,500.00 per calendar month
for each letting where the tenant is introduced through the Agent.
£850.00 including VAT for rents over £2,000.00 per calendar month
for each letting where the tenant is introduced through the Agent..
For let only Service only – Inventory charges – inclusive of VAT
Unfurnished Furnished
1 bedroom £108.00 £114.00
2 bedroom £120.00 £126.00
3 bedroom £132.00 £138.00
4 bedroom £144.00 £150.00
5 bedroom £156.00 £162.00
Above 5 beds POA POA
3) Full Management Service – Initial Set Up Fee = £400.00 inclusive of VAT plus 10.8% including VAT of
the monthly rent received, deducted by the Agent.
If the monthly rental is £1050.00, you will pay a monthly fee of £113.40 including VAT.
If an applicant who is ready, willing and able to enter into a tenancy is introduced during the Agent’s period of instruction, or as a result of their marketing activity, where the applicant is introduced through the Agent and the Landlord withdraws before a tenancy has commenced, the minimum fee that would be payable will be the fee for the Let Only Service, plus other expenses incurred, such as the gas safety check.
In the event of cancellation during a tenancy, the minimum fee payable will be worked out as follows:
- The let only fee, if no management has been undertaken.
- The appropriate daily rate of the management fee, subject to the minimum of the Let Only Service fee, if the total paid for management has not already exceeded this amount.
- In all cases, in addition to the above, any expenses incurred, such as gas safety checks etc.
Additional charges
Rent review, preparation and service of Form 4A – Section 13 notice – £120.00 inclusive of VAT
Redirection of mail overseas – cost of postage
Duplication of keys – cost of key cutting
