Michael Naik

Services we offer

If you are considering selling your property with Michael Naik, Estate Agents in Stoke Newington and would like a valuation or advice, please telephone our office and we will be happy to arrange an appointment to suit you. Alternatively, complete the on-line registration form and we will contact you. All valuations for market sale are undertaken entirely without cost or obligation.

Services

• Specialists in Residential & Commercial property in Stoke Newington and surrounding N16 area.
• We can offer advise on all aspects of selling or leasing of commercial property in Hackney.
• Property management
• Sales of residential and commercial property
• Residential and commercial lets (short & long term)

Michael Naik & Co Management Limited is a part of the National Federation of Property Professionals Client Money Protection Scheme. TENANT FIND (LETTING SERVICE): One off payment of 10% of an annual rent (inc VAT) subject to a minimum fee of £600 (inc VAT) (If the annual rent was £18,000, the fee would be £1800 inc VAT). Collect and remit initial months’ rent received Agree collection of any shortfall and payment method Provide tenant(s) with method of payment Deduct any pre-tenancy invoices FULLY MANAGED (MANAGEMENT SERVICE) 10% (inc VAT) of monthly rent paid monthly (If the monthly rent was £1500, the fee would be £150 inc VAT per month) Collect and remit the monthly rent received Pursue non-payment of rent and provide evidence on rent arrears action Deduct commission and other works Advise all relevant utility providers of changes Undertake two inspection visits per annum and notify landlord of the outcome Arrange routine repairs and instruct approved contractors (providing two quotes) Hold keys throughout the tenancy term ADDITIONAL NON-OPTIONAL FEES AND CHARGES (Irrespective of level of service) Deposit Registration Fee: £26 (inc VAT) Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme and provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy Inventory Fee: £90-£200 inc VAT depending on the number and/or size of the property and outbuildings Additional Property Visits / Inspection £180 (inc VAT) To attend for specific requests such as neighbour disputes Rent Review Fee £300 inc VAT Review rent in accordance with current prevailing market condition and advise the landlord; negotiate with the tenant; direct tenant to make payment change as appropriate; update the tenancy agreement; serve Section 13 Notice is tenancy is on a rolling monthly basis Renewal Fee: £300 inc VAT Contract negotiation, amending and updating terms and arranging a further tenancy agreement Checkout Fee: £60 inc VAT Agree with tenant check out date and time appointment; instruct inventory provider to attend where necessary; negotiate with landlord and tenant any disbursement of the security deposit; return deposit (as agreed with landlord and tenant) to relevant parties; remit any disputed amount to Scheme for final adjudication; unprotect security deposit; instruct contractors, obtain quotes, organize repairs/replacement/cost of any broken/damaged or missing items

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