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WHAT CLIENTS SAY 🙏…

LANDLORD FEES – TRANSPARENT PROPERTY LETTING & MANAGEMENT SERVICE (ALL FEES QUOTED INC VAT)

OTHER LANDLORD COSTS TO CONSIDER…

We advise all landlords to be fully compliant and competent. You can read more about landlords legal obligations HERE

Landlords Electrical Safety Certificate (EICR): £200 – £300 approx. depending on size of property (mandatory)

Legionella Risk Assessment/Test: £50 – £150

Gas Safety Certificate: £80 (mandatory)

EPC: £70 (mandatory)

Inventory, Check In & Check Out (usual cost £220-£500 depending on property size)

NOTE: Landlords wanting a Let Only service will need to register with a tenancy deposit protection service to hold the security deposit

TENANT FEES THAT MAY BE CHARGED…

TENANT FEES

Under the Tenant Fees Act 2019 before the tenancy starts the following are payable: –

Holding Deposit: 1 weeks’ rent

Deposit: 5 weeks’ rent (annual rents up to £50,000)

Initial monthly rent

During the tenancy the tenant(s) are responsible for the rent, all utilities, telephone and internet connections and their relevant subscriptions, television licence and Council Tax.

Under the new legislation, permitted payments will also include, but are not limited to, damage as outlined in the Tenancy Agreement, reasonable costs incurred due to loss of keys and security devices, reasonable costs incurred by breach of tenancy by the tenant(s), reasonable costs incurred by the landlord due to early termination of the tenancy, any changes to the Tenancy Agreement (£50 inclusive of VAT), interest at 3% for late payment of rent as determined by the Tenant Fees act 2019.

A. The rent.
b. A refundable tenancy deposit capped at no more than five weeks’ rent where the annual rent for the property is less than £50,000 and no more than six weeks’ rent where the annual rent for the property is £50,000 or more.
c. A refundable holding deposit capped at no more than one week’s rent
d. A default charge for the amount charged for a lost key or security device to not exceed the reasonable costs incurred by the landlord or agent, supported by evidence in writing to the person who is liable for the payment.
e. A charge for late payment of rent when the tenant is more than 14 days in arrears at no more than an annual percentage rate of 3% above the Bank of Englands base rate for each day that the payment is outstanding.
f. Certain payments on assignment, novation or variation of a tenancy when requested by the tenant capped at £50, or reasonable costs incurred.
g. Payments associated with early termination of the tenancy, when requested by the tenant capped to the reasonable costs incurred by the agent, and
h. Payments in respect of utilities, communication services, television licence and council tax.