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Charges for Landlords
We are upfront about the charges we apply so you know exactly what you are paying for. The charges you pay as a landlord will very much depend on the type of property you are letting, but we have provided a breakdown of the fixed charges to give you an idea of what to expect.
We are happy to discuss our Terms of Business along with our various services and the fees chargeable in more detail at any time just contact us for further information.
Letting, Renewal and Rent Receipt: 12.5% + VAT (15% including VAT)* of rent for the term including any renewal
- Agree the market rent and find a tenant in accordance with the landlord guidelines
- Advise on current market conditions and preparation of the property for letting
- Provide guidance on compliance with statutory provisions and letting consents
- Erect board outside property in accordance with Town and Country Planning Act 1990
- Discuss non-resident tax status and HMRC (if relevant)
- Prepare property details, market the property and advertise on relevant portals
- Carry out accompanied viewings
- Negotiate offers and take up references
- Prepare and submit Tenancy Agreement (fee applies see below)
- Collect and hold the deposit as stakeholder in our Client Account
- Register deposit with the Tenancy Deposit Scheme where appropriate
- Provide tenant with method of payment
- Receive and remit rent received as received
- Deduct commission and any pre-tenancy invoices
- Make any necessary HMRC deduction
- Prepare regular statements
- Operate rent arrears process should rent not have been received
- Provide advice on rent arrears actions, if applicable
- Contact Landlord and Tenant prior to the end of tenancy to discuss renewal or termination
- Negotiate renewal, prepare and submit documentation (fee applies see below)
* Minimum Fee London Region £1500 + VAT (£1800 inc VAT)
* Minimum Fee Other Regions £1000 + VAT (£1200 inc VAT)
Letting, Renewal, Rent Receipt & Management: 17% + VAT (20.4% including VAT)* of rent for the term including any renewal
In addition to the Letting, Renewal & Rent Receipt service:
- Arrange Energy Performance Certificate
- Administrate Ground Rent and Service Charges
- Liaise with utility suppliers
- Hold keys throughout the tenancy
- Retain a working fund and deal with day to day management
- Arrange routine repairs and instruct approved contractors (to a maximum of £600)
- Approve supplier invoices
- Arrange Gas Safety Record, Electrical Installation Condition Report and Portable Appliance Testing, Smoke Alarms and CO monitors
- Arrange pre-tenancy cleaning
- Investigate matters relating to the property
- Visit the property at least once per annum and notify landlord of outcome
- Provide a Property Management emergency out of hours service
- Agree the check-out date and time with tenant
- Instruct inventory provider to prepare and check inventory with tenant
- 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 the Tenancy Deposit Scheme for final adjudication
- Unprotect security deposit
* Minimum Fee London Region £2,500 + VAT (£3,000 inc VAT)
* Minimum Fee Other Regions £3,000 + VAT (£2,400 inc VAT)
Short Lets (three months or less):
Letting, Renewal and Rent Receipt: 20% + VAT (24% inc VAT) of rent
Letting, Renewal, Rent Receipt and Management: 25% + VAT (30% inc VAT) of rent
Management only services: £500 + VAT (£600 inc VAT) handover + 6% + VAT (7.2% inc VAT) of rent payable
If you transfer the management of your property to us:
* Minimum Fee £1800 (inc VAT)
Vacant Management
Dependent upon landlord's requirements
A minimum of £100 + VAT (£120 inc VAT) per month
Vacant management works fee
10% + VAT (12% inc VAT) of net cost
Post purchase pre let
£500 + VAT (£600 inc VAT) plus travel expenses
- Visual check and if new build liaise with surveyor re snagging
- Arrange for metres to be read and liaise with utility suppliers
- Arrange gas safety, cleaning, etc
Sale of Property Fee
2% + VAT (2.4% inc VAT) of the agreed sale price
| Additional optional and non-optional fees | Fee excl. VAT | Fee inc. VAT |
|---|---|---|
| Tenancy paperwork fee (landlords share) | £200 | £240 |
| Land registry fee | £4 | £4.80 |
| Deposit registration fee | £25 | £30 |
| Inventory 'make' fee e.g. three-bed unfurnished | £200 | £240 |
| Inventory 'check in' e.g. three-bed unfurnished | £150 | £180 |
| Inventory arrangement fee (included with management service) | £50 per appointment | £60 per appointment |
| Additional property visits | £83.33 | £100 |
| Submission of non-residential landlords receipts to HMRC | £100 quarterly | £120 quarterly |
| Copies of remittance advices | £25 per copy | £30 per copy |
| Arrangement fee for works or refurbishment over £1000 | 12% of net cost | 14.4% of net cost |
| Insurance claims | £100 per hour | £120 per hour |
| Tenancy renewal fee (landlords share) | £100 | £120 |
| Abortive tenancy fee | £291.70 plus out of pocket costs | £350 plus out of pocket costs |
| Service of Notices | Fee excl. VAT | Fee inc. VAT |
|---|---|---|
| Serve Section 13 Notice | £41.70 | £50 |
| Serve Section 21 Notice (included with Mgt Service) | £41.70 | £50 |
| Court Attendance | £100 per hour | £120 per hour |
| Court Attendance (Director) | £200 per hour | £240 per hour |
| Interest on unpaid commission or other monies | 4% above the base rate of Barclays bank PLC | |