Landlord Fees
Effective 21st September 2023
Tenant Fees
This Permitted fees to tenants |
Letting & Rent Collection |
Rent |
A refundable Tenancy Deposit (capped at five weeks rent for rent not exceeding £50,000 per annum or six week’s rent if greater) |
A refundable Holding Deposit to reserve a property (capped at one week’s rent) |
Novation, Variation of Assignment of Contract capped at up to £50 including VAT (or agents reasonable cost incurred if higher (which must be evidenced) |
Surrender of Tenancy (covering the landlord’s costs in reletting the property, all rent outstanding until a new tenant is found (up to the maximum outstanding rent on the tenancy |
Default Fees (lost keys or other respective security devices; late rent payment after 14 days rent was overdue capped at 3% above the Bank of England Base Rate (currently at 0.75%) |
Utilities (water, gas or other fuel, electricity, sewerage); Communication Services (phones other than mobile phones, Internet, Satellite television); Council Tax; Green Deal charge (or any subsequent energy efficiency scheme) |
Effective 1st June 2023
Commission
Service | Commission |
Letting & Rent Collection | 9.6% inc VAT (8% + VAT) |
subject to a minimum fee of £1000.00 inc VAT | |
Letting, Rent Collection & Property Management | 15% inc VAT (12.5% + VAT) |
Void Management | £240.00 inc VAT |
Additional Fees
Service | Fee |
Tenancy Set-up Charge | £240 inc VAT |
to include; land registry search, preparation & signing of the tenancy agreement, right to rent check, providing all pre-tenancy legal documents | |
Deposit Registration | £48.00 inc VAT |
Referencing of each tenant | £42.00 inc VAT |
Additional Property Visits | £60.00 inc VAT |
visits scheduled 4 monthly throughout the tenancy, any further at the request of the landlord would be at the shown cost | |
Service of Section 13 Notice (included in Property Management Service) | £72.00 inc VAT |
Service of Section 21 Notice (included in Property Management Service) | £72.00 inc VAt |
Attending Court Tribunals | £120.00 inc VAT per hour |
Documentation for renewing tenancy | £150 inc VAT |
to include, re-registration of deposit, negotiating new terms, new tenancy agreement otherwise serving statutory period terms | |
Cancelling a tenancy prior to its commencement | £400 in VAT |
Large works administration | 12% inc VAT of works in excess of £2000 inc VAT |
Sale of premises to the Tenant | 0.6% inc VAT |
EPC | £90.00 inc VAT |
Key cutting | third party charge, charged at cost |
Inventory | third party charge, charged at cost |
Check in | third party charge, charged at cost |
Check out | third party charge, charged at cost |
Gas Safety | third party charge, charged at cost |
Electrical Safety Certificate | third party charge, charged at cost |
PAT test | third party charge, charged at cost |
CO2 & Smoke Alarm Installation | £25.00 inc VAT per alarm required |