Landlord fees
Our transparent approach to lettings, means you won’t ever be asked to pay unexpected fees relating to the rental of your property.
Here is a comprehensive breakdown of our landlord fees:
Letting and rent collection service
Fees are collected in quarterly instalments at a rate of 12% (10% + VAT) of the rent for the first 12 months or any initial fixed term in excess of 12 months of the tenancy. For example; if the annual rent is £26,000, the fee would be £3,120.
Management service
Fees are collected in quarterly instalments at an additional rate of 7.2% (6% + VAT) of the rent for the full term of tenancy. For example; if the annual rent is £26,000, the fee would be £1,872.
Vacant property management service
Charged at £120 (including VAT) per week and collected in quarterly instalments. Additional visits to the property are charged at £120 (including VAT) and collected retrospectively.
Short term letting service (initial term of less than 6 months)
Fees are taken in advance at a rate of 24% (20% + VAT) of the total rent. For example; if the rent is £20,000, the fee would be £4,800.
Short term letting & management service (initial term of less than 6 months)
Fees are collected in advance at a rate of 30% (25% +VAT) of the total rent. For example; if the rent is £20,000, the fee would be £6,000.
Renewal service
It’s fantastic if a tenant wants to continue living in your property past the initial rental period. However, tenancy renewals can be time-consuming. To ensure we get the best deal for you, our renewal service is charged at:
- 8 (9% + VAT) of the rent in Year 2 of any tenancy
- 6% (8% + VAT) of the rent in Year 3 of any tenancy
- 4% (7% + VAT) of the rent in Year 4 of any tenancy
- 2% (6% + VAT) of the rent in Year 5 of any tenancy, 6% (5% + VAT) of the rent in Year 6 and all subsequent years of any tenancy
