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) |
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 |
|
|
|
|
|
|
Let Only Fee (Student) |
Professional advice; Viewings; Referencing; Preparing Agreements; Collection of 1st Month’s Rent; Collection of Deposit and Deposit Compliance; Providing statement of account |
£400 + VAT (£480) plus £100 + VAT (£120) per student occupier Subject to minimum fee of £600 + VAT (£720)
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.
"I have learned to distrust landlords at every turn. CP Walker is a big exception. Always very courteous and down to earth. We were treated with respect, even though, as (postgrad) students, could have been regarded with suspicion. Good communicators. Addressed various issues (e.g., maintenance) on a quick - or at least very fair – timeframe. [Student Tenant for 1 year]"