Landlord fees

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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

Speak to a member of the Mountgrange Heritage Lettings team