Letting service including rent collection:
Sole agency: 10% +vat
Multiple agency: 11% +vat
Management service including letting service and rent collection:
Sole agency: 15% +vat
Multiple agency: 16% +vat
Tenancy agreement fee £360.00 (inc VAT) which is split equally between the Landlord and the Tenant (£180.00 inc VAT for each party)
Renewal lease charge £180 (inc VAT) which is split equally between the landlord and the Tenant (£90.00 inc VAT for each party)
For short-term tenancies of three months or less our fees for the Letting Service (with or without Rent Collection) become payable at 18% of the total rent payable + VAT. If the property is also managed by us, our fee for both services is 23% + VAT of the total rent received.
If a property is not let by us, but the landlord instructs us to manage the letting of the property, our fees become payable at 5% + VAT paid monthly or quarterly in advance.
Upon receipt of your written instructions we will conduct two scheduled visits per month to your property, during office hours between Monday and Friday. We will arrange payment of utility bills during this period as long as we are in sufficient funds to do so and you have made arrangements for those bills to be sent to us. The charge for this service is £240.00 (inc VAT) per month. If we are required to do any further visits or work in connecting with your property, then our hourly charge is £60.00 (inc VAT).
Additional Charges If Applicable:
Please note that the charges below do not include the actual test. Please request a quote for the work prior to proceeding:
- Arrangement Fee for a gas safety check £60.00 (inc VAT)
- Arrangement Fee for an electrical test £60.00 (inc VAT)
- Arrangement Fee for a PAT test £60.00 (inc VAT)
- Arrangement Fee for a Legionnaires assessment test £36.00 (inc VAT)
The preparation of the inventory is paid for by the Landlord and the cost is usually based on an hourly rate submitted by the independent inventory clerk.
Inventory check in and check out
The inventory check-in is usually carried out at the time the inventory is prepared, so it would be included in the cost of the inventory make, unless a previous inventory report is being used.
The inventory check in is paid for by the Landlord (unless the Tenant instructs their own clerk, in which case, each party pays for their own) the inventory check out is paid for by the Tenant (unless the Tenant instructs their own clerk, in which case each party pays for their own).
Deposits/Disputes: For Assured Shorthold tenancies
We register the deposit (held against any dilapidations) with the TDS (Tenancy Deposit Scheme), which is a Government-authorised Scheme.
If we manage your property, there is a charge of £120.00 (inc VAT), for holding the deposit and negotiating any disputes between the parties at the end of the tenancy. If required, we would forward the Deposit or any balance of it to the TDS if there is a dispute.
If we do not manage your property, there is a charge of £60 (inc VAT) for holding the deposit and either releasing it as instructed in writing by both parties at the end of the Tenancy; or passing it to the TDS at the end of the Tenancy, if you and the Tenant do not agree deductions. Should you require our assistance with the dilapidation claim, upon your written instructions, we can negotiate on your behalf and the fee for this service is £300.00 (inc VAT).
Deposits/Disputes for non-ASTs (Assured Shorthold Tenancy agreements)
For non-ASTs, the deposit is not covered under the Tenancy Deposit Scheme and if dilapidations are not agreed at the end of the tenancy, the Landlord may have to instruct solicitors (at their cost), or alternatively, an adjudicator to assist with the claim.
If we manage your property, there is a charge of £120.00 (inc VAT), for holding the deposit and negotiating any disputes between the parties at the end of the tenancy.
If we do not manage your property, there is a charge of £60 (inc VAT) for holding the deposit and releasing it as instructed in writing by both parties at the end of the Tenancy. Should you require our assistance with the dilapidation claim, upon your written instructions, we can negotiate on your behalf and the fee for this service is £300.00 (inc VAT).
For managed properties, we aim to carry out 4 visits a year included in our fees. For non-managed properties and any additional property visits the charge is: £60.00 (inc VAT) per hour.
Arrangement Fee for works or refurbishment on non-managed properties: 10% (+VAT) of net cost or £60.00 (inc VAT) per hour, whichever is greater.
Arrangement Fee for any other works for either managed or non-managed properties outside this fee structure: 10% + VAT of net cost or £60.00 (inc VAT) per hour, whichever is the greater.
If we are required to attend court on your behalf: £72.00 (inc VAT) per hour + disbursements.
If you require us to send money to your overseas bank account, the bank charge is £15.00 (inc VAT)
If duplicate statements or invoices are requested by the Landlord an additional charge of £90.00 (inc VAT) will be payable.
If you are a UK non-resident, and not accepted into the Non-Resident Landlord Scheme, we shall make an administration charge of £300.00 (inc VAT) per annum for forwarding monies to HMRC and accounting to them on your behalf.
Any monies due from you to us not paid within 7 days of the due date, we will charge simple interest of 4% above the base rate of Barclays Bank PLC.
For properties let on full management service, we can assist making a claim on your building or house contents policy. For this we charge: £144.00 (inc VAT) for claims up to £2,000.00; 6% (+ VAT) for claims in excess of £2,000.00.
For further information, please refer to the Landlords guide