Landlord Fees

Letting fee: One month’s rent (incl VAT)

Includes:

  • Free preparation of inventory
  • Collect and remit initial month’s rent received
  • Agree collection if 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)
  • Agree 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
  • Advise on non-resident tax status and HMRC (if relevant)
  • Collect and remit initial month’s 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 NRL8 (if relevant)
  • Advise all relevant utility providers of changes

Rent collection only: 6% of rent (incl VAT)

Includes:

  • Collect and remit the monthly rent received
  • Deduct commission and other works
  • Pursue non-payment of rent and advise on rent arrears actions
  • Make any HMRC deduction and provide tenant with NRL8 (if relevant)
  • SafetyLet rent and legal expenses warranty

Fully managed: 12% of rent (incl VAT)

Includes:

  • Collect and remit the monthly rent received
  • Pursue non-payment of rent and provide advice on rent arrears action
  • Deduct commission and other works
  • Undertake periodic inspection visits and notify the landlord of the outcome
  • Arrange routine repairs and instruct approved contractors
  • Hold keys throughout the tenancy term
  • Make any HMRC deduction and provide tenant with NRL8 (if relevant)
  • SafetyLet rent and legal expenses warranty

Additional non-optional fees and charges (irrespective of level of service)

Deposit registration fee: £included in fully managed only

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

Additional property visits: £included in fully managed only

  • 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 landlords receipts to HMRC: £included in fully managed only

  • 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 £_: £by negotiation % of net cost, plus VAT

  • 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 £_: £by negotiation % of net cost, plus VAT

  • 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 £included, if required (inc VAT) per quote

Rent Review Fee: £included in fully managed only

  • Review rent in accordance with current prevailing market conditions 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) 35% of one month’s rent (inc VAT)

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

Checkout fee (landlord’s share) £included in fully managed only

  • Agree with tenant checkout 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: £75 (inc VAT) per hour

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF

Tenant fees:

BEFORE YOU MOVE IN

Referencing fee: £150 (inc VAT) per tenant

  • Referencing the tenant (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers/landlords and any other relevant information to assess affordability) as well as contract negotiation (amending and agreeing terms) and arranging the tenancy agreement

Tenancy agreement fee: £60 (inc VAT) per property

  • Tenant’s contribution towards preparation of tenancy agreement

Guarantor fee: £0 (inc VAT) per guarantor (if required)

  • Covering credit referencing and preparing a Deed of Guarantee as part of the tenancy agreement

Permitted occupier fee: £_ per permitted occupier

  • Explaining to any permitted occupier their rights and responsibilities towards the named tenant(s) and landlord as well as provision of documentary guidance and assistance during the tenancy

Pet deposit: Returnable additional Security Deposit of £0 (unless requested by landlord)

  • To cover the added risk of property damage. This will be protected with your security deposit in a Government-authorised scheme and may be returned at the end of the tenancy

DURING YOUR TENANCY

Amendment fee: £60 (inc VAT)

  • Contract negotiation, amending terms and updating your tenancy agreement during your tenancy

Renewal fee (tenant’s share): £60 (inc VAT)

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

ENDING YOUR TENANCY

Check out fee (tenant’s share) £0 (inc VAT)

  • Attending the property to undertake an updated schedule of condition based on the original inventory and negotiating the repayment of the security Deposit(s)

Future Landlord Reference Fee: £0 (inc VAT) per reference request

  • Collating information and preparing a reference for a future landlord or letting agent

OTHER FEES AND CHARGES

Lost Security Items: £0 (inc VAT) plus item cost

  • Obtaining necessary permissions, sourcing providers and travel costs

Out of Hours Services: £0 per hour (inc VAT) plus any actual costs incurred

  • Where actions of the tenant results in the agent (or nominated contractor) attending the property, time to remedy the situation is charged at the hourly rate

Unpaid Rent/Returned Payments: Interest at 8% above Bank of England Base Rate from date due

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF