Fees payable by Landlords
Our charges to Landlords are as follows:
LETTING FEE: VAT included this is the equivalent of 1.2 month’s rent (min. £600) if let-only is required. Reduces to 0.9% of a month’s rent (min. £480) if management service is taken up, payable every time the property comes vacant, All figures quoted above are inclusive of VAT. The letting fee covers all the work carried out in marketing the property, obtaining an EPC, carrying out accompanied viewings, checking ID and immigration status/right to reside etc, taking up references, (previous landlord, employer and credit reference - to assess tenants’ financial position) preparation of fully detailed inventory with copious photographs, preparation and signing of lease, taking meter readings etc and all work required to secure the letting of the property, including registration of Tenancy Deposit.
Newspaper Adverts are charged at £42 incl. VAT per insertion in local paper
No charge for internet marketing.
MANAGEMENT COMMISSION: Generally based on 12.5% of the actual rent collected for full management service. (Equates to 15% incl VAT) Details of services on request.
We can consider a lower letting fee for high-rent homes, or for multiple property landlords or where a reduced management service is requested - subject to discussion and agreement as to number and type of properties, and the level of service required.