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 - £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 |
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1st Year Withdrawal Fee |
If the Landlord terminates the Agreement in the 1st 12 months |
7% + VAT of annual gross rent receivable (8.4% including VAT) |
Within 14 days of demand |
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Duplicate Accounts |
Provision of duplicate accounts |
Charged at standard hourly rate of £100 + VAT (£120 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 |
7% + VAT of annual gross rent receivable (8.4% 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 |
6% + VAT of the contractual gross rent receivable 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 Property Ombudsman Redress Scheme.
"Have had investment properties in Beeston for 15+ years and have previously used 3 other agents. Walkers through Rex and Jonathan have been the most open and straightforward about tenant problems / issues, which we have then resolved together. I have also found that my 'property vacant' time has gone down, which is valuable to me as a landlord. [Management Client of 6 years]"