Landlord Charges
When preparing to let your property, it is useful to know exactly what Landlords have to pay for. Please find
below information regarding our charges per property:
Letting 12% (inc VAT)* of the annual rent
- Advise on current market conditions and preparation of property for lettings
- Provide guidance on compliance and consents
- Arrange Energy Performance Certificate (additional cost applies)
- Agree the market rent and find a tenant
- Discuss non-resident tax status and HMRC (if relevant)
- Make any HMRC deductions and provide tenant with NRL8 (if relevant)
- Prepare property details, photographs, floor plans and market on relevant portals
- Arrange accompanied viewings
- Negotiate offers and take up references
- Prepare Tenancy Agreement
- Collect and hold the deposit as stakeholder and register with the Tenancy Deposit Scheme where
necessary (additional cost applies)
- Provide tenant with method of payment
- Collect initial rent
- Contact Landlord and Tenant prior to the end of tenancy to discuss renewal or termination
- Return deposit as agreed with Landlord and Tenant to relevant parties
- Remit any disputed amount to the Tenancy Deposit Scheme for final adjudication
- Initial Right to Rent checks
Minimum Fee £720 (inc VAT)
Letting, Property Management and Rent Collection 18% (inc VAT)* of the annual rent
- Advise on current market conditions and preparation of property for lettings
- Provide guidance on compliance and consents
- Arrange Energy Performance Certificate (additional cost applies)
- Agree the market rent and find a tenant
- Discuss non-resident tax status and HMRC (if relevant)
- Make any HMRC deductions and provide tenant with NRL8 (if relevant)
- Prepare property details, photographs, floor plans and market on relevant portals
- Arrange accompanied viewings
- Negotiate offers and take up references
- Prepare Tenancy Agreement
- Liaise with utility suppliers
- Collect and hold the deposit as stakeholder and register with the Tenancy Deposit Scheme where
necessary (additional cost applies)
- Provide tenant with method of payment
- Receive and remit rent
- Prepare regular rent statements
- Operate rent arrears process if necessary
- Administrate Ground Rent and Service Charges
- Hold keys throughout tenancy
- Retain a working fund and deal with day to day management
- Arrange routine repairs and instruct approved contractors to a maximum of £500 without prior consent
- An additional charge for repairs/works/refurbishment in excess of £500 is 12% (inc VAT) of the net costof the works, including materials. Excludes appliances
- Arrange Gas Safety Record, Electrical Installation Condition Report and Portable Appliance Testing
(additional cost applies)
- Arrange pre-tenancy cleaning (additional cost applies)
- Annual Property visit
- Provide out of hours Emergency Management service
- Instruct inventory provider to prepare and check inventory at commencement and end of tenancy
(additional cost applies)
- Negotiate any disbursements of the security deposit with Landlord and Tenant
- Return deposit as agreed with Landlord and Tenant to relevant parties
- Remit any disputed amount to the Tenancy Deposit Scheme for final adjudication
- Contact Landlord and Tenant prior to the end of tenancy to discuss renewal or termination
- Right to Rent checks
Minimum Fee £900 inc VAT
Renewal Letting only 9.6% (inc VAT)* Renewal Letting, Property Management and Rent Collection 15.6%
(inc VAT)* of the rent for any renewal and or extension
- Contact Landlord and Tenant prior to the end of tenancy to discuss renewal
- Advise on current market conditions
- Negotiate renewal, prepare Tenancy Agreement
Minimum Fee from £720 to £900 (inc VAT) dependent on Management status
Property Management only fee 6% (inc VAT) of the rent payable
In addition to the above charges, you may expect to pay:
Service charges and ground rent
Maintenance and repairs of property
Building and contents insurance
Accountant charges
Tax for either UK or overseas Landlords
Additional Optional and non-optional fees & charges:
Annual gas and electrical checks **
Pre tenancy clean **
Energy Performance Certificates **
References **
Inventory preparation and Check-in £576 (inc VAT) max
Inventory Check Out £288 (inc VAT) max
(The inventory charges are approximate according to size and inventory clerk and subject to change andadditional rooms may be charged for)
Deposit registration and administration annual fee £18 (inc VAT)
Copies of monthly/quarterly statements per copy £12 (inc VAT)
Annual reconciliations £60 (inc VAT)
Legal proceedings per hour + reasonable expenses (subject to £240 minimum fee) £120 (inc VAT)
Preparation of paperwork for adjudication to Tenancy Deposit Scheme £120 (inc VAT)
Renewal Right to Rent checks (Non Managed only) £24 (inc VAT)
Hourly charge for meetings attended on behalf of Landlord £72 (inc VAT)
Contract Only Fee (Where no letting fee is charged) £300 (inc VAT)
House of Multiple Occupancy (HMO)
Application and first Council Inspector visit £180 (inc VAT)
Hourly charge for any subsequent visits £72 (inc VAT)
Any works required for property compliancy 12% (inc VAT)
All above prices are inclusive of VAT and charged at the prevailing rate
* Lettings fees are calculated by using the following formula:
Agreed weekly rent x 52 weeks x 10%, 8% or 5% + VAT (20%)
- £500 x 52 = £26,000 x 10% = £2,600 + 20% VAT = £3,120 (Letting fee charged in advance)
- £500 x 52 = £26,000 x 8% = £2,080 + 20% VAT = £2,496 (Letting fee charged in advance)
- £500 x 52 = £26,000 x 5% = £1,300 ÷ 4 = £325 + 20% VAT = £385 (Management fee charged quarterly in advance)
** The cost of these items will depend on the individual supplier at the time of the tenancy and is payable by the Landlord