Scale of Letting Charges - Landlords
1Let Only Service
Letting fee equivalent to 75% (62½% + VAT) of the agreed gross calendar month rent or £594.00 (£495.00 + VAT), whichever is the greater, payable at the outset of the tenancy and deducted from the first month’s rent, inclusive of all services as detailed within the Agency Agreement & Terms of Engagement. Upon instructions to re-let the property, the Letting Fee will reduce to £540.00 (£450.00 + VAT).
2Full Management Service
Initial letting fee of £360.00 (£300.00 + VAT) and thereafter 14.4% (12% + VAT) commission on monthly rent collected, minimum commission charge £54.00 (£45.00+ VAT) inclusive of all services as detailed within the Agency Agreement & Terms of Engagement. Upon instructions to re-let the property, the Initial Letting fee will reduce to £300.00 (£250.00 + VAT)
Other Charges:
| 1 | 2 | |
| Inventory & Checkout Schedule of Condition | £250.00 (£208.34 + VAT) | Incl. of Letting Fee |
| Collection of Security Bond (incl. registration with TDS) | Fully Managed Service Only | Incl. of Letting Fee |
| Inspections & Reports | £72.00 (£60.00 + VAT) | Incl. of Letting Fee |
| Energy Performance Certificates (EPC) | £78.00 (£65.00 + VAT) | |
| Advertising | Internet Portals (Rightmove & OnTheMarket) Incl. in commission/fee | |
| Rent & Legal Policy Reference (charge per month) | 2.4% (2% +VAT) per annum of the annual rent | |
| Keys | £12 per key cut | |
| Copying of Tenancy Agreement + Sending to Mortgagors | For Forwarding to Mortgagors (if required) £24.00 ( £20.00 + VAT ) | |
| Minor Works (less than £500) charged at contractors cost | Incl. of commission | |
| Major Works (cost over a £500) | Obtaining estimates and any certification - 12% (10% + VAT) | |
| Legionella Risk Assessment (Risk Assessment Inspection) | £60.00 (£50.00 + VAT) | |
| Smoke & Carbon Monoxide Alarm (England Regulation) 2015 | Price on request | |
| Smoke Alarm, 10 year sealed unit | Price on request | |
| Combined Smoke & CO Alarm, 10 year sealed unit | Price on request | |
| CO Detector, 10 year sealed unit | Price on request | |
| Dispute Resolution | £180.00 per Hour (£150 + VAT) | |
All the above charges detail VAT at the prevailing rate
