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Landlord Fees

This information is intended to inform prospective Landlords of fees payable to CP Walker & Son. Please read and understand this information carefully before deciding whether to instruct us.

Management Clients

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 - £200 + VAT (£240 including VAT) per property

Room Shares - £65 + VAT (£78 including VAT) per Tenant

Student properties - £80 + VAT (£96 including VAT) per Tenant

On completion of each new tenancy

1st Year Withdrawal Fee

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

£595 + VAT

(£714 including VAT)

Within 14 days of demand

 

 

 

 

Duplicate Accounts

Provision of duplicate accounts 

Charged at standard hourly rate of £75 + VAT (£90 including VAT)

Within 14 days of demand

 

Let Only Clients

Fee

Service Provided/Circumstances Required

How calculated

When payable

 

 

 

 

Let Only  Fee

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

£595 + VAT

(£714 including VAT)

No Let – No Fee

From rental income received

 

 

 

 

 

CP Walker & Son is a member of the RICS and as such is covered by its Client Money Protection Scheme.

 

CP Walker & Son is a member of the "Ombudsman Services: Property" Redress Scheme.

"C P Walker and Son was always friendly, businesslike and overall very pleasant to deal with, from my first viewing of the rented property, through periodic quarterly inspections up to the final inspection which was done when handing back the keys. On the few occasions during the tenancy that a fault arose in the rented property, they were very responsive to ensure each fault was put right as quickly as possible. [Tenant of 4 years]"
Martin