Fees payable by the tenant
In addition to the monthly rent, we charge the following fees:
- Deposit – per property
A deposit equal to five weeks (35 days) rent, payable when signing the Tenancy Agreement. - Late payment of rent
14 days after the due date we will charge interest at a rate of 3% of the monthly rent per day until the rent is received.
Fees payable by the landlord
Please visit the Property Management page to see a full list of services available under let only and full management.
- Commission – per property
8% of the annual rent + VAT (9.6% inc VAT) for the let only service. This includes our time spent in undertaking viewings, referencing tenants, preparing the Tenancy Agreement and collecting the initial rent and deposit.
10% of the annual rent + VAT (12% inc VAT) for the full management service.
15% of the annual rent + VAT (18% inc VAT) for overseas landlords for the full management service. - Full Management Service
The full management service includes collecting the monthly rent, arranging annual safety checks and certificates and dealing with day-to-day issues. We will seek your approval prior to instructing contractors for repairs that are between £200 to £1,000. For major repair works over £1,000 an additional fee of 10% + VAT (12% inc VAT) of the invoice will be charged. - Abortive Tenancy Fee – per property
6% + VAT (7.2% inc VAT) of the annual rent is payable if you inform us that you do not wish to proceed with the tenancy once we have found you a suitable tenant. - Tenancy set up fee – per person
£295 + VAT (£354 inc VAT). Includes marketing, referencing, preparing the tenancy and legal documentation, inventory and schedule of condition, Tenancy Deposit Scheme registration, check in and hand over of keys. - Renewal of Tenancy fee
£75 + VAT (£90 inc VAT) - Purchase of the Property by the Tenant Fee – on completion of the sale
1.5% + VAT (1.8% inc VAT) of the purchase price is payable if the property is sold to the tenant or a connected person during, or within 12 months of the expiration of the tenancy. - Check Out Report – per property
From £125 + VAT (£150 inc VAT) is payable at the end of the tenancy to check the tenant(s) out against the initial inventory.
Please contact our Residential Lettings department for costs on Energy Performance Certificates and Safety Reports if required.
