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 inclusive of 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 - £25 exclusive of VAT
Additional Property Inspection Visits - £72 exclusive of VAT
Statement Copies and Annual Summaries - £25 exclusive of VAT
Non-payment of Commission Invoice – 3.5% exclusive of VAT
Payable on the value of the invoice per annum, pro rata
