Landlord Fees

Our standard letting fees (including VAT) are as follows:-

Introduction only: 9% of the first 12 months rent. Fees are due at the commencement of the tenancy.

Full management: 15% of rents collected. Fees will be collected on a monthly basis from the rent received.

Our fees include the following:-

Free market appraisal.
Photographs and floor plans.
No let, no fee.
Feedback and recommendations throughout the marketing of your property.
Online advertising through our own website and one of the major property portals.
A To Let board.
Accompanied viewings.
Full referencing.
Check in and check-out.
Dealing with tenancy deposit dispute (managed property only)

Our fees for providing an inventory (including VAT) are as follows:-

Studio flat £120
One bedroom property £132
Two bedroom property £144
Three bedroom property £156
Four bedroom property £168
Five bedroom property £180

Tenant Fees

From 1st June 2019 the fees that an Agent can charge to a Tenant (inclusive of VAT) are now regulated by The Tenant Fees Act 2019 and are detailed below.

Holding Deposit (Per Tenancy):-
One weeks rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security Deposit (per tenancy. Rent under £50,000 per year):-
Up to five weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.

Security Deposit (per tenancy. Rent over £50,000 per year):-
Up to six weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.

Unpaid Rent:-
Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.

Lost Key(s) or other Security Device(s):-
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour for the time taken replacing lost key(s) or other security device(s).

Variation of Contract (Tenant’s Request):-
£50 per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.

Change of Sharer (Tenant’s Request):-
£50 per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Early Termination (Tenant’s Request):-
Should the tenant wish to leave their contract early and this is agreed with the Landlord they will be liable for any loss incurred by the Landlord. This will usually be the loss in rent resulting from the Tenant’s decision to leave and the costs of re- re-letting the property. The loss of rent incurred will normally be until the end of the fixed term tenancy or the notice period if the Tenancy is a statutory periodic tenancy or until such time that a replacement tenant is found.

CAN WE LEAVE A BIGGER GAP HERE SO THERE IS A BREAK BETWEEN THE TWO FEE LEVELS.

For tenancies signed prior to 1st June 2019 the following Tenant fees (inclusive of VAT) will apply:-

Administration fee: £120 per tenant. The administration fees are to cover the cost of referencing, preparing the tenancy and right to rent checks.

Holding fee: £400 per property. This is to secure a property and will be credited against the balance of monies due at the commencement of the tenancy.

PLEASE NOTE: The administration fees/holding fee will be due before the property is removed from the market and will only be returned in full if the Landlord decides they are no longer in a position to let the property. If you change your mind or your referencing is not satisfactory then the administration fees/holding fee will be returned less any costs for work that we have carried out or for any loss the Landlord has suffered, all of which would need to be judged on an individual basis. We will explain to you our standard criteria for referencing prior to you securing a property.

Security Deposit:
Normally one month’s rent. If the Landlord agrees to a pet being kept at a property then they may require a higher deposit to be paid however this would need to be assessed on an individual basis.

Unpaid Rent:
The Tenant shall pay to the landlord interest at the rate of 4% per annum above Barclays Bank Plc base rate from time to time on any rent or other money payable under this Agreement remaining unpaid for more than 14 days after the day on which it became due.

Change of sharer: Any replacement tenant will need to pay our administration fee of £120. The administration fees are to cover the cost of referencing, preparing the tenancy and right to rent checks.

Early Termination:-
Should the tenant wish to leave their contract early and this is agreed with the Landlord, they will be liable for any loss incurred by the Landlord. This will usually be the loss in rent resulting from the Tenant’s decision to leave and the costs of re- re-letting the property. The loss of rent incurred will normally be until the end of the fixed term tenancy or the notice period if the Tenancy is a statutory periodic tenancy or until such time that a replacement tenant is found.

Lost Key(s) or other Security Device(s):-
Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour for the time taken replacing lost key(s) or other security device(s).

Professional Cleaning
If a property was professionally cleaned at the commencement of the tenancy, the Tenant will be responsible for providing a professional clean at the end of the tenancy. The costs involved will depend on the cleanliness of the property at the end of the term and so will need to be assessed on an individual basis.

Please contact us if you have any questions about our fees.

We are members of the ARLA Propertymark Client Money Protection Scheme. Further details available at https://www.propertymark.co.uk/

We are members of the Property Ombudsman redress scheme. Further details available at www.tpos.co.uk