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) |
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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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 |
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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.
"Over the 55 years that I have been working with them, C.P. Walker and Son have always been very efficient. Being a Client for all these years, I am highly satisfied with their service and would highly recommend them to anyone. [Management and Insurance client of 56 years]"