Set up Fee (No Let No Fee) - Agree the market rent and find a tenant in accordance with the landlord guidelines, advise on refurbishment, provide guidance on compliance with statutory provisions and letting consents, carry out accompanied viewings (as appropriate), market the property and advertise on Rightmove and other relevant portals, erect board outside property in accordance with Town and Country planning Act 1990
| No Let No Fee |
Tenant Find Only - Market appraisal, full marketing, full referencing (where applicable), drafting and signing of contracts, 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.
| £600 (inc VAT) – subject to property valuation |
Fully Managed - All of the above plus registration of deposits with the TDS, rent collection, check in/out appointments, inspections, full access to maintenance service, allocated property managers, handling of deposit disputes, serving appropriate legal notices, re-advertising of property.
| 10.8 % (inc VAT) + £360 Finders Fee (inc VAT)– subject to property valuation |
Additional Fees
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Inventory Fee – Please contact office - Depends on number of bedrooms and/or the size of property and outbuildings
| Please contact office |
Renewal Fee (landlords share) - Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
| £50 (inc VAT) |
Rent Review Fee
- Review rent in accordance with current prevailing market condition and advise the landlord, negotiate with tenant, direct tenant to make payment change as appropriate, update the tenancy agreement, serve Section 13 Notice if tenancy is on a rolling monthly basis
| £50 (inc VAT) |
Additonal Property Visits
- To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visits
| £40 (inc VAT) |
HMO Applications - Processing applications, assessment of the property, liaising with the local authority
| £300 (inc VAT) |
Arbitration Fee - Charged in the event of a deposit dispute negotiation
| £90 (inc VAT) |
| Court Attendance | £125 (inc VAT) per hour |
| Fee in case of early termination of managed service | 10% of six months’ rent (inc VAT) |
HMO Applications - Processing applications, assessment of the property, liaising with the local authority
| £300 (inc VAT)
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Arrangement Fee for works/refurbishment - Arranging access and assessing costs with contractor, ensuring work has been carried out in accordance with the specification of works
| 15% of net costs (inc VAT) |
Submission of non-resident landlords receipts to HMRC
- To remit and balance the financial return to HMRC quarterly – and respond to any specific query relating to the return from the landlord or HMRC
| £40 quarterly (inc VAT) |
