Landlord Charges

Landlord Charges

Type	When Charged	Fee
Standard Management fee	At tenant check in and monthly thereafter	12% inc VAT
Standard Management fee with Legal/Rent Cover	At tenant check in and monthly thereafter	16% inc VAT
First Tenancy Set Up Fee	At tenant check in	£480 inc VAT
Subsequent tenancy re-let fee	At tenant check in	£414 inc VAT
Property inventory charge	At tenant check in Prices subject to Size unfurnished/furnished
	Example	1 bed unfurnished £84 1 bed furnished £96 3 bed unfurnished £102 3 bed furnished £126
Renewal of fixed term tenancy	At tenancy renewal date	£120 inc VAT
Duplication/Test cut keys	When obtained (excludes cost of key cutting)	£12 inc VAT
Preparation/Issue Rent increase or Notice of Repossession	When issued	£42 inc VAT
Administration of Non-Resident Landlord Returns (If required for overseas landlords)	Upon completion	£180 inc VAT
Property inspections if required	Upon completion	£30 inc VAT
Handling of tenant deposit disputes if required	Upon completion @ hourly rate	£48 inc VAT
Obtaining estimates and supervision of major works if required	10% of cost of work over £500
Withdrawal of property charge within first 12 months of tenancy if required	At notice period	1 months rent inc VAT

Discounted rates are available for Portfolio Landlords – please call to discuss this

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Tenant Charges

• The rent
• A refundable tenancy deposit capped at no more than five weeks’ rent where the annual rent is less than £50,000, or six weeks’ rent where the total annual rent is £50,000 or above
• A refundable holding deposit (to reserve a property) capped at no more than one week’s rent is payable, once your note of interest is accepted
• Payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher
• Payments associated with early termination of the tenancy, when requested by the tenant before the end of the tenancy
• Payments in respect of utilities, communication services, TV licence and council tax if included within the rent or to the relevant suppliers if excluded from the rent
• A default fee for late payment of rent if it has been overdue 14 days or more. Any interest charged must not exceed the Bank of England’s base rate + 3%.
• Replacement of a lost key/security device, where required under a tenancy agreement
• Contractual damages by way of a breach of tenancy agreement

As an example, if the rent charged is £650 per calendar month exclusive of services your holding deposit would be £150 and your damage deposit due in total would be £750.

For additional clarification and explanation of the above please see the below link

Tenant Fee Ban 2019 – Guidance for Tenants