Landlord Fees


Tenant Find Service

£295 (no VAT)


Includes:

• Collect and remit initial months’ rent received

• Agree collection of any shortfall and payment method

• Provide tenant with method of payment

• Deduct any pre-tenancy invoices

• Make any HMRC deduction and provide tenant with the NRL8 (if relevant)









Rent Collection Service

7% of rent (no VAT)


Includes:

• Collect and remit the monthly rent received

• Deduct commission and other works

• Pursue non-payment of rent and provide advice on rent arrears actions

• Make any HMRC deduction and provide tenant with the NRL8 (if relevant)











Fully Managed Service

10% of rent (no VAT)


Includes:

• Collect and remit the monthly rent received

• Pursue non-payment of rent and provide advice on rent arrears actions

• Deduct commission and other works

• Advise all relevant utility providers of changes

• Undertake two inspection visits per annum and notify landlord of the outcome

• Arrange routine repairs and instruct approved contractors (providing two quotes)

• Hold keys throughout the tenancy term

• Make any HMRC deduction and provide tenant with the NRL8 (if relevant)




Additional non-optional landlord fees and charges

Set-up Fee for Rent Collection & Fully Managed Services (landlord's Share):    £150 (no VAT)

• Agree the market rent and find a tenant in accordance with the landlord guidelines;
• Advise on refurbishment
• Provide guidance on compliance with statutory provisions and letting consents
• Carry out accompanied viewings (as appropriate)
• Market the property and advertise on relevant portals
• Erect board outside property in accordance with Town and Country Planning Act 1990
• Advise on non-resident tax status and HMRC (if relevant)



Inventory Fee:    £75 (no VAT)

• Undertake property inventory



Deposit Registration Fee:    £free

• Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme
• Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy



Additional property visits:    £30 (no VAT)

• To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit



Submission of non-resident landlord receipts to HMRC    £25 per quarter (no VAT)

• 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



Arrangement Fee for works over £200:    10% of net cost

• Arranging access and assessing costs with contractor;
• Ensuring work has been carried out in accordance with the specification of works
• Retaining any warranty or guarantee as a result of any works



Arrangement Fee for refurbishments over £200    10% of net cost

• Arranging access and assessing costs with contractor;
• Ensuring work has been carried out in accordance with the specification of works
• Retaining any warranty or guarantee as a result of any works



Obtaining more than two contractors quotes    £10 per quote (no VAT)

• The cost of obtaining the first two contractor quotes is included as part of the service. This additional fee is charged if more than two quotes are needed



Rent Review Fee    £free

• Review rent in accordance with current prevailing market condition and advise the landlord
• Negotiate with tenant
• Direct tenant to make payment change as appropriate
• Update the tenancy agreement
• Serve Section 13 Notice if tenancy is on a rolling monthly basis



Renewal Fee (landlord's share)    £30 (no VAT)

• Contract negotiation, amending and updating terms and arranging a further tenancy and agreement



Checkout Fee (landlord's share)    £free

• Agree with tenant check out date and time appointment
• Instruct inventory provider to attend
• Negotiate with landlord and tenant any disbursement of the security deposit
• Return deposit as agreed with landlord and tenant to relevant parties
• Remit any disputed amount to Scheme for final adjudication
• Unprotect security deposit
• Instruct contractors; obtain quotes; organise repairs /replacement/cost of any broken or missing items



Court Attendance    £50 per hour (no VAT)

• If attendance at court is required, this is chargeable per hour, or part thereof




If you have any questions on our fees then please ask a member of staff