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 |
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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 |
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
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.
"Thanks again for the great stay and the excellent relationship and service from you and the team at CP Walker during my time in Beeston. [Tenant of 1 year]"