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Landlord Fees

Residential Property Management – Landlord Fees and Charges

Letting Services:

(A) Letting and Property management - 12% + VAT

(B) Letting and Rent Collection - 10% + VAT

(C) Letting Only  - 8% + VAT

Minimum Fee - £480 excluding VAT

Administration/Referencing - £275 + VAT (Year 1 only)

Renewal – 50% (excluding VAT) reduction on initial rate

Reduction in fees upon renewals applies to Letting Only Service (C) and does not apply to options (A) and (B). At the fifth and subsequent years the renewal the fee reduces to an administration fee each year.

Deposit Registration - £25 exclusive of VAT per term

Applies to each subsequent renewal

Additional Fees:

Supervision of major works – 10% of the cost of work over £600

Re-direction of mail - £12 excluding VAT plus costs

Duplication and testing of extra keys - £12 excluding VAT plus costs

Issuing Notice of Seeking Possession - £50 excluding VAT

Additional Property Inspection Visits - £72 excluding  VAT

Statement Copies and Annual Summaries - £25 excluding VAT

Non-payment of Commission Invoice – 3.5% excluding VAT

Payable on the value of the invoice per annum, pro rata