We are remaining open. For our latest FAQs in relation to COVID-19 click here
Our priority is the health and well being of our colleagues, landlords, tenants and maintenance contractors. We continue to monitor the situation and implement changes in accordance to government and Public Health England guidelines.
Following the recent announcement from the government, we will re-open the office imminently, whilst keeping everyone safe. Restrictions will be in place and we will adopt procedures for all viewings and direct contact with our customers.
We understand that people still need to buy, sell, let homes and pay rent, so to continue providing a service we will be available to contact by phone, email, or face-to-face meeting (by appointment only).
The office will be assisted remotely by phone and email
◈ We are the longest serving letting agents in the local area, serving landlords and tenants for over 25 years.
◈ Our experienced, long serving staff have built an excellent understanding of the subtle differences in letting within the city.
◈ We offer advice on all aspects of the lettings market and legislation.
◈ We can arrange for one of our experts to visit your home and provide a free valuation. During your free house valuation, we will let you know how much your property could rent for and why we’ve valued it at that rental income.
◈ We offer a variety of solutions to landlords.
◈ Our non-compromised professionalism and competitive letting fees rank us amongst the best in the market.
◈ As private sector lettings rise, it is essential that your rental investment is managed flawlessly in order to increase your yield and simultaneously protect your investment. We have a In House property department team who take care of the day-to-day running of your property, from rental collection to arranging any necessary repairs and maintenance (included in our fully managed services).
◈ We aim to provide long term tenants, as any empty rental periods can prove expensive. At Meridian Estates, our void periods are very minimal, showing that good property management does work.
◈ We are extremely proud of our trading record and have largely expanded through recommendation, both locally and nationally.
◈ We offer extensive marketing.
◈ All tenants deposits are held in accordance to the government legislation and insured with the Tenancy Deposit Scheme (TDS).
◈ Our energy assessors are a trusted provider of EPCs nationwide and deliver timely, accurate reports.
◈ We are members of safeagent, the UK’s leading accreditation scheme for lettings and management agents operating in the Private Rented Sector (Previously known as NALS).
◈ We are members of the Property Redress Scheme (PRS).
◈ We estimate the rental value in current market conditions and agree with you terms on which the property will be marketed.
◈ We provide guidance on compliance with statutory provisions and lettings consents.
◈ We advise on refurbishments needed.
◈ We erect a board outside the property (if required) in accordance with Town and Country Planning Act 1990.
◈ We market the property and advertise on relevant portals.
◈ We carry out accompanied viewings (as appropriate).
◈ We recommend and find the type of tenant who would be most suitable.
◈ We conduct identity and credit checks and carry out employer and current landlord references (if required).
◈ We provide a Tenancy agreement.
◈ We collect and remit initial month’s rent and deposit.
◈ We ask your tenant to set up a direct debit or standing order for rent payments.
◈ We email a statement accounting for rent received, less outgoings and our fees, within five working days of funds being cleared into our account.
◈ We deduct any pre-tenancy invoices.
◈ We arrange the transfer of any relevant billing liability between you and the tenant at the start of tenancies.
* Or a minimum fee of half a month rent plus vat, which ever is greater.
◈ We manage all day to day contact with your tenant and aim to resolve all routine issues.
◈ We arrange the transfer of any relevant billing liability between you and the tenant at the start and end of tenancies.
◈ An inventory clerk will arrange an inventory check at the beginning and end of your tenancy (this service can also be provided for tenant find only at a cost, see additional costs).
◈ We agree the collection of any shortfall and payments.
◈ We demand, collect and remit the monthly rent.
◈ We provide advice on rent arrears actions and pursue non-payment of rent.
◈ We arrange to visit the property within three months of tenancy starting and report in writing and then every six months provided that your tenants grants access. (Additional property visits can be arranged for tenant find only at an additional costs).
◈ We arrange routine repairs and instruct contractors (providing quotes).
◈ We contact your tenant to negotiate terms for the tenancy to be continued. If your tenant gives notice to vacate we will notify you and advertise your property as available to let.
◈ For each Assured Shorthold Tenancy, we protect the security deposit through a government approved scheme and serve the relevant prescribed information.
◈ If the deposit is held by you, we will arrange for the deposit to be paid to you and It will be your responsibility to serve the prescribed information and any other documents to the Tenant. We have no liability if you fail to do so.
◈ In the event of a dispute concerning the return of a Security Deposit, we will liaise between you and your Tenant subject to the rules of a Government Approved Deposit Scheme.
◈ If the tenant falls into rental arrears or you need to repossess the property for other reasons such as the end of the lease, property damage or illegal drug activity we can assist you in the eviction process. A tenant can only be evicted when the landlord gets a signed Order of Eviction from the court.
Landlord Additional Fees Meridian Estates LtdWe are a member of the key governing bodies
Our standard fees for sole and multiple agency
| Sole agency | 31% (5% + VAT) |
| Multiple agency | 30.6% (5% + VAT) |
| Berkshire only sole agency | 5.8% (1.7% + VAT) |
| Berkshire only multiple agency | 4.16% (8.8% + VAT) |
| Energy Performance Certificate | £18.80 |
| Services from Conveyan, recommended panel of solicitors | |
| Sales Ready pack for freehold properties | £188.80 |
| Sales Ready pack for leasehold properties | £850 |
| Full conveyancing service* | Please request individual quotation |
Conveyan will pay Meridian Estates (West Midlands) Ltd a referral fee of up to £190.00 (£228.00 inc VAT) for each sale/purchase or remortgage completed. Meridian Estates (West Midlands) Ltd does not receive a referral fee from solicitors firms but our staff may individually receive a £10 shopping voucher. This does not affect the amount of legal fees you pay or your ability to choose your own legal services provider.
All fees unless otherwise stated are inclusive of VAT
Sales Terms and Conditions of business, fees and expenses
Meridian Estates (West Midlands) Ltd does not charge credit card admin fees.
| Deposit for a long let tenancy | Equivalent to five weeks' rent |
| Deposit for a short let tenancy | £700 or equivalent to one weeks' rent (whichever is greater) |
| Contract variation, novation, amendment or change of occupant at the tenant’s request within an existing tenancy | £50 |
| Default fee of interest on late rent if rent is more than 14 days overdue | 3% above Bank of England base rate |
| Default fee for lost keys or other respective security devices | Actual cost of replacement |
| Tenant fee | £250 per person£250 per person |
This is fixed-cost fee that can cover a variety of works depending on the individual circumstances of each tenancy, including but not limited to conducting viewings, negotiating the tenancy, verifying references, undertaking Right to Rent checks (if applicable) and drawing up contracts. It is charged on a per individual basis – not per tenancy. The charge will not exceed £250 inc VAT per individual and will only be applied to the first four individuals entering into the tenancy where there are more than four individuals taking occupation of the property. The charge will not exceed this sum unless you request or cause one of the specific additional services or fees set out elsewhere in this document.
All fees unless otherwise stated are inclusive of VAT
Meridian Estates (West Midlands) Ltd Client Money Protection is provided by Propertymark. The scheme accounting rules, as well as our conduct and membership rules, can be found in the Propertymark Conduct and Membership Rules. Meridian Estates (West Midlands) Ltd is also a member of SAFEagent, which ensures we have the necessary protection for monies held in our client account.
Meridian Estates (West Midlands) Ltd fees and terms for tenants
Meridian Estates (West Midlands) Ltd fees and terms for Short Let tenants
Meridian Estates (West Midlands) Ltd does not charge credit card admin fees.
