Consumer Protection and Information

CONSUMER PROTECTION AND INFORMATION

Unfair Terms In Consumer Contracts Regulations 1999. We have carefully worded all of our terms and conditions used in our contracts with clients, as well as the terms with which we deal with tenants, to be readily understood and to be reasonable in all aspects. As far as we are aware, there are no terms we use which are indicated as being unfair in Schedule 2 of the regulations. Similarly, the tenancy agreements we use in properties we let are professionally drawn up by a company specialising in such legal documents, and should in all aspects be considered as fair in accordance with the regulations. Landlord clients should let us know if a specimen tenancy agreement is required. Should the landlord wish to use a tenancy agreement that we have not prepared, the landlord must take responsibility for it and ensure that it fully complies with relevant legislation, and provide us with a copy as soon as the landlord instructs us to proceed with the letting of the property. Please note, any terms contained in a tenancy agreement that a court deems unfair under these regulations will be unenforceable.

Consumer Protection Regulations. Our contracts have been drawn up to comply with these regulations, and allow the client a cooling off period as well as specific rights to cancel the contract after the client has accepted the contract and given instructions to us to proceed with the sale, letting or management of the property. However, where the client has confirmed we should proceed with instructions prior to the end of the cooling off period, there may be costs or charges incurred, which are fully explained and detailed in our contracts.

Complaints Procedure. If a customer wishes to make a complaint to us, we will supply the customer with a copy of our complaints procedure on request. Alternatively, or in addition, the customer may make a complaint to the Ombudsman, the Royal Institution of Chartered Surveyors (RICS) or to the National Federation of Property Professionals (NFoPP), see below.

The Property Ombudsman (TPO) Scheme Notice/TPO Redress Scheme. We are a member of the TPO Scheme and abide by the TPO Code of Practice. The customer agrees that, in the event of making a complaint to the TPO or to the TPO redress scheme, we may disclose information relating to the letting, management or sale of the property to the Ombudsman. The customer also agrees that we may disclose their contact details to TPO Ltd (who are responsible for running the TPO scheme) to assist them in the monitoring of our compliance with the TPO Code of Practice.

The Royal Institution of Chartered Surveyors (RICS). We are a regulated firm by this body and abide by their rules. The customer agrees that, in the event of making a complaint to RICS, we may disclose to our professional body information relating to the letting, management or sale of the property.

The National Federation of Property Professionals (NFoPP). We are a member firm of this body and abide by their rules. The customer agrees that, in the event of making a complaint to the NFoPP, we may disclose to our professional body information relating to the letting, management or sale of the property.

Reasonableness. In all dealings with landlords and tenants, and with vendors and purchasers, we will ensure we act with a reasonable attitude in all matters. Similarly, landlords and tenants and vendors and purchasers are expected to act with a reasonable attitude in all matters. We reserve the right to refuse to deal with any request or demand that we deem unreasonable that is put forward to us by either landlord or tenant, or vendor or purchaser. Any landlord or tenant, or vendor or purchaser, who considers they have a grievance against us has the ultimate right to refer the matter to an appropriate authority, being The Property Ombudsman in accordance with our complaints procedure as above or any other such body as may be applicable.

Data Protection Act 1998. We comply with all the requirements of the Act to make sure any personal information we have on our records relating to our customers both actual and potential, are kept safe and secure. However, we will need to disclose certain information to some organisations such as utility suppliers and council tax departments, and our terms and conditions give further information on this. We also pass on information to other businesses which act on our customers’ behalf, for example to solicitors whom our customers are considering instructing. We may share your information with credit reference agencies and other companies for use in making credit decisions, to prevent fraud or to pursue debtors. We may pass your information to financial services companies, but we will always ask your consent either verbally or in writing prior to doing so. If you need further information please write to either the Lettings or the Sales Manager, Davies & Davies Estate Agents, 85 Stroud Green Road, London N4 3EG.

Fit and Safe for Letting. In respect of properties offered for rental, we may not be aware of any problems affecting the condition of the property or its fittings or contents, especially for properties we have not dealt with before. It is of vital importance for the landlord to ensure the property is in good order as well as fit and safe for letting, and we rely upon the landlord to do this. When problems do become apparent on or after we let a property, we will do all we reasonably can to remedy any problems, but the responsibility remains with the landlord. The following regulations and requirements apply:

Gas Safety (Installation and Use) Regulations 1998

Furniture and Furnishings (Fire Safety) Regulations 1988

General Product Safety Regulations 2005

Electrical Equipment (Safety) Regulations 1994

Plugs and Sockets (Safety) Regulations 1994

Housing Health and Safety Rating System

Tenancy Deposits. Should we manage a property that has been let, we will hold the deposit paid by the tenant in a properly insured account as required by law, in accordance with the scheme administered by The Dispute Service (www.tds.gb.com). Where we do not manage a property that we have let, the landlord may ask us to deal with the deposit, which we will hold as above. If the landlord does not want us to deal with the deposit, we will let the tenant know. It will be the landlord’s responsibility to protect it as required by law, which includes giving full information as to the details of how the deposit is protected, to the tenant within a prescribed period of time. A valid notice seeking possession under S21 of the Housing Act 1988 cannot be served on a tenant whose deposit is not protected.

Property Descriptions. Where we market a client’s property for sale or to let, we will produce a description of the property within our property details or brochure. A copy of this description will be sent to the client and we will be reliant on the client to inform us immediately if there are any misdescriptions or errors.

FEES CHARGED TO LANDLORDS

Fees will be no higher than those shown below, and include VAT

Premium Management with Letting 19.8%.

Management with Letting 16.8%.

Rent Collection with Letting 12%.

Let Only Plus, first year 12%, renewals 3.6%.

Let Only, first Year 12%, no Renewal Fees.

Agreeing terms and arranging for the production and signing of tenancy documents £144.

Court, attendance or deposit disputes @ £60 per hour.

Refurbishment or Extensive Repairs @ 6%

HMO Application £360

Negotiate Sales to Tenants 1.8%

Deposit Handling (Letting Only) £120

FEES CHARGED TO TENANTS

Tenants’ charges prior to commencement of tenancy:

One month’s rent in advance.

Reference, eligibility under the Right to Rent Regulations and credit checking £100 each tenant or guarantor.

Production of terms and agreeing tenancy £150 each tenancy.

Refundable deposit of 6 weeks’ rent.

Inventory and condition check cost:
1 bedroom property £119
2 bedroom property £132
3 bedroom property £162
4 bedroom property £192
5 bedroom property £240

We only accept payment of monies by online or direct bank payment.

When agreeing to let a property to tenants we request: a) the reference, eligibility under the Right to Rent Regulations and credit checking fee, b) production of terms and agreeing tenancy fee, and c) payment of a holding deposit of one week’s rent. We will then withdraw the property from the market .The holding deposit and production of terms and agreeing tenancy fee is returned if the landlord subsequently refuses to proceed with the tenancy.

Tenants’ charges during and post tenancy:

Payment of rent by more than 2 monthly standing orders £12 each payment.

Returned payments £24.

Rent arrears letter or email £24.

Breach of tenancy agreement terms at end of tenancy 12% of cost of remedy.

Preparation of new tenancy agreement and deposit handling on change of joint tenant £300.

Dealing with utilities or council tax on behalf of tenants £60.

All charges shown include VAT.

Redress Scheme: The Property Ombudsman Scheme.

Client Money Protection Scheme: NFoPP Client Money Protection Scheme, as required by our membership of ARLA and NAEA, and as required as a RICS Regulated Firm.