12% of rent
Includes:
• Finding a tenant
• Carrying out accompanied viewings
• Marketing the property and advertise on the relevant portals
• Providing tenant with method of payment
• Deduct any pre-tenancy invoices
• Making any HMRC deductions and providing tenant with the NRL8 (if relevant)
• Pursuing non-payment of rent
If the tenancy is 12 months and the rent is £1,000 per month, the calculated fee shall be 12% of the annual rent, so the fee will be £1,200. Minimum commission charge is £2,500.
This commission will also be due on every tenancy renewal.
18% of rent
Includes:
• Finding a tenant
• Carrying out accompanied viewings
• Marketing the property and advertise on relevant portals
• Ensuring the landlord complies with their statutory obligations
• Collecting and remit the rent received
• Pursuing non-payment of rent and provide advice on rent arrears actions
• Deducting commission and other works
• Advising all relevant utility providers of changes
• Undertaking two property visits per annum and notify landlord of the outcome
• Arranging routine repairs and instruct approved contractors
• Holding keys throughout the tenancy term
• Deposit dilapidation negotiations
If the tenancy is 12 months and the rent is £1,000 per month, the calculated fee shall be 18% of the annual rent, so the fee will be £1,800. Minimum commission charge is £2,500.
This commission will also be due on every tenancy renewal
25% of rent
Includes:
• Finding a tenant
• Carrying out accompanied viewings
• Marketing the property and advertise on relevant portals
• Ensuring the landlord complies with their statutory obligations
• Collecting and remit the rent received
• Pursuing non-payment of rent and provide advice on rent arrears actions
• Deducting commission and other works
• Advising all relevant utility providers of changes
• Arranging routine repairs and instruct approved contractors
• Holding keys throughout the tenancy term
• Deposit dilapidation negotiations
If the tenancy is four months and the rent is £4,000 per month, the calculated fee shall be 25% of the total rent, so the fee will be £4,000. Minimum commission charge is £2,500.
This commission will also be due on every tenancy renewal.
Tenancy agreement fee: £0. Drawing up the tenancy agreement and issuing the relevant paperwork. Fees for Non-ASTs applicable.
Reference fee: £0 per tenant. Processing the application and referencing (ASTs only). Fees for Non-ASTs applicable.
Permitted occupant check fee: £0 per occupant over 18. We must check every occupant over 18 has the legal/ right to rent in the UK (ASTs only). Fees for Non-ASTs applicable.
Guarantor fee: £0 per guarantor (if required). Processing the application and referencing (ASTs only). Fees for Non-ASTs applicable.
Deposit registration fee: £0. Registering landlord and tenant details and protecting the deposit with the Tenancy Deposit Scheme (ASTs only). Fees for Non-ASTs applicable.
Sale of the property to the tenant: 2% of the sale price.
Letting service renewal commission fee: 12% of the total rent. Review rent in accordance with the market and advise the landlord, negotiate and agree the renewal, ongoing rent collection, credit control and accountancy.
Fully managed renewal commission fee: 18% of the total rent. Review rent in accordance with the market and advise the landlord, negotiate and agree the renewal, continuation of fully managed service. If the renewal is agreed at £1,000 per month for a further 12 months, the calculated fee shall be 12% of the total rent for the 12 months, so the fee will be £1,440.
Submission of non-resident landlords' receipts to HMRC: £450 annually. To remit and balance the financial return to HMRC quarterly and respond to any specific query relating to the return from the landlord or HMRC. Make any HMRC deduction and provide landlord with the NRL6 (if relevant).
Court attendance: £250 per hour.
Obtaining consents: £70 per document.