Fee

Service Provided/Circumstances Required

How calculated

When payable

Management Fee

Letting; rent collection; inspections; professional advice; maintenance; providing accounts; deposit compliance; inventory; end of tenancy matters

11% + VAT of gross rent receivable

(13.2% including VAT)

From rental income received

Letting Fee

Contribution towards the costs of setting up tenancy (e.g. referencing, deposit compliance and inventory).  N.B.  Previously obtained from ingoing Tenants prior to the Tenant Fees Act 2019

Professional properties - £250 + VAT (£300 including VAT) per property

Room Shares - £85 + VAT (£102 including VAT) per Tenant

Student properties - One week's rent + VAT  per Tenant

On completion of each new tenancy

1^st Year Withdrawal Fee

If the Landlord terminates the Agreement in the 1^st 12 months

7% + VAT of annual gross rent receivable

(8.4% including VAT)

Within 14 days of demand

Duplicate Accounts

Provision of duplicate accounts 

Charged at standard hourly rate of £100 + VAT (£120 including VAT)

Within 14 days of demand

Fee

Service Provided/Circumstances Required

How calculated

When payable

Let Only  Fee

(Professional)

Professional advice; Viewings; Referencing; Preparing Agreements; Collection of 1^st Month’s Rent; Collection of Deposit and Deposit Compliance; Inventory; Notification to utility providers; Providing statement of account

7% + VAT of annual gross rent receivable

(8.4% including VAT)

No Let – No Fee

From rental income received

Let Only Fee

(Student)

Professional advice; Viewings; Referencing; Preparing Agreements; Collection of 1^st Month’s Rent; Collection of Deposit and Deposit Compliance;  Providing statement of account

6% + VAT of the contractual gross rent receivable

(7.2% including VAT)

No Let - No fee

From rental income received