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
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Fee |
Service Provided/Circumstances Required |
How calculated |
When payable |
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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 |
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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 |
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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 |
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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
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Fee |
Service Provided/Circumstances Required |
How calculated |
When payable |
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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 |
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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]"
