Landlord fees
Letting and rent collection service
Fees taken in quarterly instalments at a rate of 10% of the Rent for the first 12 months or any initial fixed term in excess of 12 months of the Tenancy with any renewal fees chargeable in accordance with Part 7 above. For example; if the Annual Rent were £26,000 the fee would be £3,120.
Management Service
Fees taken in quarterly instalments at an additional rate of 6% of the Rent for the full term of Tenancy. For example; if the Annual Rent were £26,000 the fee would be £1,872.
Vacant Property Management Service
Fees taken in quarterly instalments at a rate of £120 per week. Additional property visits charged at £120 and charged retrospectively.
Short Term Letting Service (initial term of less than 6 months)
Fees taken in advance at a rate of 20% of the total Rent. For example; if the Rent were £20,000 the fee would be £4,800.
Short Term Letting & Management Service (initial term of less than 6 months)
Fees taken in advance at a rate of 25% of the total Rent. For example; if the Rent were £20,000 the fee would be £6,000.
Renewal Service
9% of the Rent in Year 2 of any Tenancy, 8% of the Rent in Year 3 of any Tenancy, 7% of the Rent in Year 4 of any Tenancy, 6% of the Rent in Year 5 of any Tenancy, 5% of the Rent in Year 6 and all subsequent years of any Tenancy.
All fees are inclusive of VAT at the prevailing rate
