An Investment That Works and Tenants Who Love Their Home.
Make Your Property Stand Out.
Your tenants are looking for more than just a place to rent. They are looking for a place to call home. We understand that.
When we value your rental property we don't just give you a realistic price, we use our unbeatable local knowledge and understanding of the rental market to find the best way to present it to market too. Everything that sets your property apart, that makes it a home, forms part of your valuation.
By the time your property reaches our huge network of tenants - from across the UK and beyond, including an extensive database of corporate clients - they will see more than just an amount Per Calendar Month. They will see a picture of themselves in a new home.
Why Marvel’71?
The enthusiastic and knowledgeable team here at Marvel 71 have been helping landlords in the London area for over 49 years, finding and screening tenants, getting the best rental price, taking care of property maintenance and helping ensure that you’re meeting all of your legal obligations.
Experienced and attentive staff
In-depth local market knowledge
Flexible services at competitive prices
Proven track record in letting success
Comprehensive database of pre-qualified tenants
Targeted online, national, regional, and local advertising
Up-to-date knowledge of the legislation
Open transparent fees with no hidden extras
Registered with government-backed Tenancy Deposit Scheme
Dedicated property manager (fully-managed service only)
Tenant referencing and credit checks
Professionally produced inventories
Rental advice and legal documentation
Reliable maintenance team for fast resolution of any issues
Choosing the right service
Our Introduction Only Service
Our Fee only 15% (18% incl VAT)
We will arrange viewings with prospective tenants. All viewings will be accompanied by us. The Agent shall, if requested by the Owner and at the Owner’s cost, arrange for an Energy Performance Certificate (EPC), gas and electricity safety checks to be carried out before a tenancy commences in order to comply with the Owner’s legal obligations. These must to be prepared for the Property prior to marketing.
We shall, if requested by the Owner and at the Owner’s cost, arrange for an inventory of the property and conduct a “check-in” with the tenant whereby the contents of the inventory are confirmed by the tenant. The Landlord will need to provide to the tenant within 30 days of the Security Deposit being received the “prescribed information” required by the Housing Act 2004.
Once a prospective tenant is found, they will be asked to complete a comprehensive application form giving information and details for referencing.
We will then take up references appropriate to the circumstances of the prospective tenant. This may be done by us or may be outsourced to a referencing company as the Agent thinks fit.
We will have the tenancy agreement drawn up, signed by the tenant and any other relevant party and collect any money due under the application giving the Tenant copies of appropriate paperwork.
If a deposit has been collected and requires protecting under the Housing Act 2004 rules then you will either need to have a custodial scheme account of your own for us to transfer the deposit money into or you will have to purchase protection with an insured scheme and we will only send you the deposit once you have sent evidence of that protection.
If we do not get evidence within 10 days, we will protect the deposit in the custodial scheme of our choice to protect you. We will not however, have any involvement in the refund of the deposit or any disputes at the end of the tenancy.
For our Let Only Service, we will then send the Landlord the balance of funds received from the tenant, less agency expenses and fees. This element does not apply to the following levels of service.
Letting and rent collection service
Our Fee only 12% (14.4% incl VAT)
In addition to our Let Only Service as above:
We will, if appropriate, arrange for the initial production and subsequent agreement of an inventory and schedule of condition of the property at the move in. We will conduct the inventory check in and submit utility readings to the relevant suppliers.
We will use its best endeavours at all times to collect rents or other charges due from the Tenant and provide a monthly account statement to the Landlord.
If the Landlord lives overseas, the Agent must account to HM Revenue and Customs for the rental received and this can include deducting basic rate income tax. To avoid this, the Landlord must apply to HM Revenue and Customs for approval for gross rents to be paid. If such approval is not obtained, an extra 1% will be charged on the normal commission to cover the cost of the extra work involved in submitting returns to HMRC.
The Agent shall provide to the tenant within 30 days of the Security Deposit being received the “prescribed information” required by the Housing Act 2004.
The Owner is aware of the Housing Health and Safety Rating System introduced under the Housing Act 2004. The Owner shall take reasonable steps to minimise hazards at the Property and shall comply in a timely manner with any notice or order issued by the local authority.
Full Management service
Our Fee only 15% (18% incl VAT)
In addition to the Letting and Rent Collection Service above:
The Agent will use its best endeavours to arrange minor repairs, general maintenance and replacements to the property without necessarily consulting the Landlord beforehand up to the limit agreed in writing upon giving instruction, (or up to the value of one month’s rent where no figure has been specifically agreed).
The Agent will not be responsible for damage or loss incurred to the Property or the Landlord in the event of repairs, general maintenance or replacements not being carried out.
The Agent will make periodic visits to the property and send a report to the Landlord but such visits and reports can only be regarded as a general oversight of the property and its care by the Tenant.
The Agent will liaise with the Tenant on all day to day maintenance and tenancy matters arising. The Agent will arrange all periodic mandatory safety checks. The Agent will provide an itemised monthly rental statement to the Landlord. The Agent will conduct annual rent reviews and annual tenancy renewals. The Agent will conduct the end of tenancy inventory check out.
The Agent will arrange the tenancy deposit return including liaising with the tenant in respect of deductions. The Agent will use its best endeavours to recover possession of the Property in accordance with instructions received but cannot be liable for any delays, damages or costs incurred because such vacant possession is not achieved within the time scale requested. It will be the responsibility of the Landlord to instruct solicitors with whom the Agent will liaise.
The Agent will liaise with the current tenant to remarket the property for a new tenancy.
Our Full Management Service inc.
Eviction and Rent Cover
Our Fee only 17% (20.4% incl VAT)
In addition to our full management service as above:
This service includes legal protection package against your tenant. Legal expenses of up to £25,000 to cover for eviction costs if the tenant is in breach of their tenancy agreement including non-payment of rent and expired section 21 notices and only other serious breaches deemed acceptable by our team of experts.
This service benefits from a fast and hassle-free eviction service handled by our team of experts.
Included in this, cover for the total monthly rent for up to a maximum of four months from the date of the first arrears, subject to a claim being made.
Agreement Administration Fee £180.00 (incl. VAT)
Deposit Registration £75.00 (incl. VAT) incl. issue of PIC
Invoice Handling £6.00 (incl. VAT) per contractor/utility invoice
Inventory Check-In Service (written and photographic) £150.00 incl. VAT unfurnished £240.00 incl. VAT furnished
Legal Notices £140.00 (incl. VAT)
Legionella Risk Assessment £130.00 (incl. VAT)
Energy Performance Certificate £75.00 (incl. VAT)
Duplicate Statements £10.00 (incl. VAT)
Inventory Check Out £150.00 incl. VAT unfurnished £240.00 incl. VAT furnished
Tenancy Renewal Fee £90.00 (incl. VAT)
Professional Hourly Rate £65.00 (incl. VAT)
Attendance in Court £360.00 (incl. VAT) (per attendance)
Overseeing Major Works 6% (incl. VAT) of total works cost
Sale of Property to Tenant 2.4% (incl. VAT)
ADDITIONAL CHARGES
As and when they arise
We are members of the following Governing Bodies:
Client Money Protection Scheme
Total Loss Client Money Protection for Landlords and Tenants Scheme covered by The UK Association of Lettings Agents (UKALA) (Membership Number 163302).
Redress Schemes:
Property Redress Scheme (Membership number 163302) and
The Property Ombudsman (Membership number D01278)