| Letting Only Fee |
12% INCLUDING VAT (being 10% + VAT) of the rental income received for the first year of the term. |
| Renewal Fee after Year 1 |
6% INCLUDING VAT (being 5% + VAT) of the rental income received for the remainder of the term. |
| Letting & Rent Collection |
15% INCLUDING VAT (being 12.5% + VAT) of the rental income with the letting portion (12%) taken at commencement and the Rent collection fee element (2.5% + VAT) is deducted monthly from rents received. |
| Full Management |
18% INLCUDING VAT (being 15% + VAT of the rental income with the letting portion of 12% INLCLUDING VAT taken at commencement and the management fee element 6% INCLUDING VAT is deducted monthly from rents received. |
| Inventory Fees |
We utilise the services of independent inventory specialists to conduct the preparation, check-in and check-out of Tenants. The Landlord pays the cost of preparing the Inventory and for the clerk to Check-in and Check-out the Tenants. The Clerks charges are on a schedule depending upon the size (usually by number of bedrooms) and if the property is furnished or unfurnished. A full schedule of costs is available in our office. |
| Extension Memorandums |
£150 including VAT. This is for the preparation of Extension Memorandums where Landlords of Letting Only properties wish to engage us to prepare documentation for extensions to the Tenancy that they have agreed direct between the parties. |
| Deposit Registration Fee |
£48 including VAT. This includes our time for registering the parties and deposit into an approved scheme and issuing statutory deposit certificates. |
| Additional property visits |
£48 including VAT. This is to attend at specific Clients request beyond our usual Property Management Viewings ie. Meeting bank valuers, surveyors, insurance loss adjusters etc |
| Sale of a property to Tenant |
1.2% INCLUDING VAT (being 1% + VAT) of the total sale price. |