For finding a tenant our fees are charged at a maximum of 12% (10% PLUS vat) Of the gross contracted or agreed rent. With any renewal or continuation of tenancy either periodically or contracted to be charged at a maximum of 10% (8% plus VAT) of The gross contracted and agreed rent.
This service may be cancelled at any time prior to a new tenant being found or introduced. The fees will only be payable once a new tenant that we have been instrumental in introducing to your property takes occupation.
Illustration of fees
An agreed rental of £1000.00 pcm for an initial 12 month period would result in a fee of £1440.00 (£1200.00 + VAT) being payable for year one and £1152.00 (£960.00 + VAT) for each 12 months thereafter payable in advance.
Rent collection services are charged at 3.6% (3%+ VAT) of the gross contracted and agreed monthly rent, and will be deducted from the rent received.
E.G monthly rent is £1000.00pcm our fee will be charged at £36.00 (£30.00 plus VAT). This service may be cancelled at any time by serving 3 months written notice.
The fees for our property management are charged at 6% (5%+VAT) of the gross contracted and agreed monthly rent, and will be deducted from the rent received.
E.G monthly rent is £1000.00 pcm = a monthly fee of £60.00 (£50.00 plus VAT) This service may be cancelled at any time by serving 3 months written notice.
Sometimes we receive commissions from companies or businesses for services arranged that are paid for by the landlord. These are as follows –
Gas safety certificates £30 – per certificate issued
Insurance companies £25-£50 per policy purchased
Referencing companies £25-£50 per policy purchased
As well as paying the rent, you may also be required to make the following permitted payments.Permitted paymentsFor properties in England, the Tenant Fees Act 2019 means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant’s behalf) the following permitted payments:
For properties in Wales, the Renting Homes (Fees etc.) (Wales) Act 2019 means that in addition to rent, lettings agents can only charge tenants the following permitted payments
Tenant protectionIn addition to publishing relevant fees, lettings agents are also required to publish details of:
Please note that lettings agents are required by law to publish on their websites information for potential tenants about relevant fees, redress schemes and client money protection schemes (including the names of those schemes). Relevant fees must also be published on third party websites, such as Rightmove. For properties to rent in England and Wales, details of the agent’s membership of any redress scheme and client money protection scheme must also be published with their fees on Rightmove. It is the agent’s responsibility to ensure that all relevant information is provided to Rightmove and is up to date and accurate. If the relevant information does not appear here, the agent may have included it within the property description.