Landlord Fees
Level of service offered:
Tenant find: 0% of rent
- Collect and remit initial months’ rent received.
- Agree collection of any shortfall and payment method.
- Provide tenant with method of payment.
- Deduct any pre-tenancy invoices.
- Advise all relevant utility providers
of changes.
Rent collection: 7% of rent
- Collect and remit the monthly rent received.
- Deduct commission and other works.
- Pursue non-payment of rent and provide advice on rent arrears actions.
- Advise all relevant utility providers of changes.
Fully managed: 12% of rent
- Collect and remit the monthly rent received.
- Pursue non-payment of rent and provide advice on rent arrears actions.
- Deduct commission and other works.
- Advise all relevant utility providers of changes.
- Arrange routine repairs and instruct approved contractors (providing two quotes).
- Hold keys throughout the tenancy term.
Set up fees and inventory charges:
Setup Fee – 75% of the first months rent subject to a minimum of £510 Inc VAT. (this is based on the let only service and is the maximum that we charge. The rent collection and fully managed option has lower set up costs).
- Agree the market rent and find a tenant in accordance with the landlord guidelines.
- Advise on refurbishment and maintenance.
- Provide guidance on compliance with statutory provisions and letting consents.
- Carry out accompanied viewings (as appropriate).
- Market the property and advertise on relevant portals.
- Erect board outside property in accordance with Town and Country Planning Act 1990.
Inventory Fee: £140
Additional fees for fully managed and rent collection:
Deposit Registration Fee (Non-Optional): £15
- Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme.
- Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy.
Buy-To-Let Interim property visits (Optional): £80
- Undertake inspection visit and notify landlord of the outcome.
HMO monthly property visits (Non-Optional): £35
- Undertake inspection visit and notify landlord of the outcome.
Serviced Accommodation monthly property visits (Optional): £40
- Undertake inspection visit and notify landlord of the outcome.
Arrangement fee for refurbishments & maintenance (Where applicable): 12% of net cost
- Arranging access and assessing costs with contractor.
- Ensuring work has been carried out in accordance with the specification of works.
- Retaining any warranty or guarantee as a result of any works.
Renewal Fee (Optional): £80
- Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.
Checkout Fee (Non-Optional): £65
- Agree with tenant check out date and time appointment.
- Instruct inventory provider to attend.
- 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; organise repairs /replacement/cost of any broken or missing items.
Miscellaneous Fees:
Our fees are totally transparent, and unless otherwise stated are exclusive of VAT:
- Duplicate Rent / Owner Statements – £12.00
- Serving S.21 Notices – £12.00
- Serving S.8 Notices – £114.00
- Investment Consultations and Report – Starting from £120.00
- Refurbishment Assessments and Report – Starting from £150.00
- Interior Staging and Dressing Services – By Quotation
- Building and Contents Insurance – By Quotation
We may also charge commission of 15% for organising and scheduling works with contractors.
If you have any questions on our fees, Please contact us
* All prices subject to VAT where applicable *
