Landlord Charges

Please find below information regarding our charges per property / tenancy: Please note these are our maximum charges and we are happy to discuss your individual requirements.

Letting 12% (incl.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

 

Letting, Property Management and Rent Collection 18% (incl.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 by holding a float (amount can be amended)
• An additional charge for repairs/works/refurbishment in excess of £500 is 12% (incl.VAT) of the net cost of the works, including materials. Excludes appliances
• Arrange Gas Safety Record, Electrical Installation Condition Report (if required) and Portable Appliance Testing (if required)
  (additional cost applies)
• Arrange pre-tenancy cleaning (additional cost applies)
• Bi-Annual Property visit
• Provide out of hours Emergency Management service
• Instruct independent 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

 

Renewal Letting only 9.6% (incl.VAT)*

Renewal Letting, Property Management and Rent Collection 15.6%(incl.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

 

Sale of property fee 2.4% (incl.VAT) of the agreed sale price

Property Management only fee 6% (incl.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 **
Inventory preparation and Check-in £576 (incl.VAT) max
Inventory Check Out £288 (incl.VAT) max
(The inventory charges are approximate according to size and inventory clerk and subject to change and additional rooms may be charged for)
Tenancy Agreement Fee £120 (incl.VAT)
Tenancy Renewal Fee £60 (incl.VAT)
Deposit registration and administration annual fee £18 (incl.VAT)
Copies of monthly/quarterly statements per copy £12 (incl.VAT)
Annual reconciliations £60 (incl.VAT)
Legal proceedings per hour + reasonable expenses (subject to £240 minimum fee) £120 (incl.VAT)
Preparation of paperwork for adjudication to Tenancy Deposit Scheme £120 (incl.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%)
eg. £500 x 52 = £26,000 x 10% = £2,600 + 20% VAT = £3,120 (Letting fee charged in advance)
eg. £500 x 52 = £26,000 x 8% = £2,080 + 20% VAT = £2,496 (Letting fee charged in advance)
eg. £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