UK Fee Disclosure

TENANT FEES

CLIENT MONEY PROTECTION (CMP) PROVIDED BY: DEPOSIT PROTECTION SERVICE
INDEPENDENT REDRESS PROVIDED BY: THE PROPERTY REDRESS SCHEME (PRS)

TERMS AND CONDITIONS OF APPLICATION IS SUBJECT TO CONTRACT

Before you move in
Tenancy Agreement fee (tenant share) £300 incl. VAT

Contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement.

References fee (per tenant/guarantor/company) £50 incl. VAT

Referencing per tenant (identity, financial credit checks, obtaining references from current or previous employers/landlords and any other relevant information to assess affordability).

Inventory fee (landlords share): £200-500 incl. VAT

Dependant on the number of bedrooms/size of property/furnished/unfurnished fees may vary

Security deposit: 6 weeks

Refundable at the end of tenancy, subject to check out report and standard wear and tear To cover the risk of property damage. This will be protected in a Government-authorised scheme and may be returned at the end of the tenancy

Pet deposit: additional 2 weeks

Refundable at the end of tenancy, subject to check out report and standard wear and tear

Stamp Duty Due on tenancies that amount to over £125,000.00 per annum
During your tenancy
Tenancy renewal/extension £120 incl. VAT

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

Change of Tenant
Amendments to tenancy agreement £120 incl. VAT
New tenant Referencing per tenant £90 incl. VAT

(identity, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability).

At the end of tenancy
Future landlord reference fee £30 incl. VAT
Professional cleaning (if required)
  • £200 for 1 bedroom
  • £275 for 2 bedrooms
  • £350 for 3 bedrooms
  • £100 per additional bedroom

Only charged where professional cleaning is necessary to return the property to the same condition as at the start of the tenancy, subject to inventory check in report.

Other fees and charges
  • Loss of keys: £30 incl. VAT per key
  • Out of hours service: £50 incl. VAT per hour
    Where actions of the tenant results in the agent (or nominated contractor) attending costs incurred the property, time to remedy the situation is charged at prevailing rate.
Unpaid direct debit or reversal of payment £50 incl. VAT per transaction
Debit and Credit Card Charges A Charge of 2.9% + £0.20 will be applied to each transaction made by overseas debit and credit card payments. A charge of 1.4% + £0.20 will be applied to each transaction made by UK debit and credit card payments.

LANDLORD FEES

Letting service for duration of the tenancy

Let only service 10% excl. VAT

Includes:
  • finding and referencing of tenant(s)
  • collect and remit initial months rent received
  • agree collection of funds and payment setup
  • provide tenant with payment setup
  • deduct any pre-tenancy invoices
  • make any HMRC deductions and provide tenant with the NRL8 (if relevant)
  • the initial commission fee is charged as a percentage of the total rent value of the agreed term, as specified in the tenancy agreement
Letting and rent collection for the duration of the tenancy

Let with rent collection 12% excl. VAT

Includes:
  • finding and referencing of tenant
  • collect and remit initial months rent received
  • pursue rent collection and provide advice on rent arrears actions
  • agree collection of funds and payment setup
  • provide tenant with payment setup
  • deduct any pre-tenancy invoices
  • the initial commission fee is charged as a percentage of the total rent value of the agreed term, as specified in the tenancy agreement
Full Management Service for the duration of the tenancy

Full Management 18% excl. VAT

Includes:
  • Rent, service charge and insurance collection
  • Credit control and financial reporting
  • Landlord and tenant management
  • Site inspection
  • Repair, maintenance and improvement
  • Service charge management
  • Risk management
  • Sustainability
  • Pre-acquisition due diligence
  • NRL management

IF YOU HAVE ANY QUESTIONS REGARDING OUR FEES, PLEASE ASK A MEMBER OF OUR TEAM.