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Fees

> Tenant Fees​

Part of our brand promise is to be transparent when communicating fees during the term of your tenancy and these are outlined below.

Pre tenancy

Administration* / Reference Fee

1 weeks rent + 20% VAT

Check In Inventory Fee

Paid by Landlord

Guarantor Fee if required

No charge

Miscellaneous Costs

Interest on unpaid rent

3% above Bank of England Base Rate

During tenancy

Amendment of tenancy to include a change of tenant

£300

Extending the tenancy after the initial term expires

£180

Ending your tenancy

Inventory check out

Paid by Landlord

*Referencing tenants (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers/landlords and other relevant information to assess affordability) as well as contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement. 

> Landlord Fees

There are a number of different service options available to Landlords as outlined below for finding you a tenant and managing the process to move tenants in. All fees are a percentage of the gross rental income for the term of the tenancy contract agreed.

'Let Only' service - 12% (i.e. 10% + VAT)

Includes:

  • Source tenants(s)
  • Collect and remit initial month's rent received
  • Provide tenant with method of payment
  • Deduct any pre-tenancy invoices
  • Advise Local Authority on change of occupancy for Council Tax
  • Reference the Tenant (3rd party referencing)

'Rent Collection' service - 14.4% (i.e. 12% + VAT)

Includes:

  • Collect and remit initial months' rent received
  • Collect rent for the duration of the tenancy
  • Pursue non-payment of rent and provide advice on rent arrears' actions.
  • Agree collection of any shortfall and payment method
  • Provide tenant with methods of payment
  • Deduct any pre-tenancy invoices
  • Advise Local Authority on change of occupancy for Council Tax.

'Full Management' service - 19.2% (i.e. 16% + VAT)

Includes:

  • Includes collect and remit initial months' rent received
  • Collect rent for the duration of the tenancy
  • Pursue non-payment of rent and provide advice on rent arrears' actions.
  • Agree collection of any shortfall and payment method
  • Provide tenant with methods of payment
  • Deduct any pre-tenancy invoices
  • Deduct commissions and other works
  • Advise Local Authority on change of occupancy for Council Tax.
  • Arrange routine repairs and instruct approved contractors
  • Hold keys throughout the tenancy term

Renewal fees for the above services

If the tenancy continues for a greater period than the original term a fee rate of 10.2% for Let Only (i.e. 9% + VAT), 14.4% for Rent Collection (i.e. 12% + VAT) and 19.2% for Full Management (i.e. 16% + VAT) of the gross rental income for the period of the renewal will apply. The fee is payable in advance within 7 days of the renewal date. Please refer to Terms and Conditions as minimum fees apply.

Additional fees for other services (inclusive of VAT) may include:

Deposit registration fee

£48

Tenancy agreement fee

£114

Energy Performance Certificate (valid 10 years)

£114

Gas Safety Certificate

£102

Submission of non-resident landlord receipts to HMRC

£300 per annum

Income and Expenditure report (Fully Managed)

£24 per annum

Inspections

£60 per visit

Electrical equipment safety regulations: If instructed to arrange a check under these regulations an administration fee will be charged in addition to the cost of the safety check

Rent Recovery Plus (landlord's insurance) ​more details here

£60

​​1.8% of the gross rent

Inventory check-in/check-out fees (inclusive of VAT) are:

Studio

£228

1 Bedroom

£246

2 Bedroom

£258

3 Bedroom

£270

4 Bedroom

£282

5 Bedroom

£294

Note: These charges include the initial drafting of the inventory and also the checking out of the inventory at the end of the tenancy 

Other fees (inclusive of VAT) are:

Waiting at premises to meet contractors

£90 per hour

Withdrawal of agreed offer by landlord

£600

Fee to Landlords if a dispute is raised with TDS

£180

Fee charged if we ever need to attend court as a witness

£360

Fees and how protected

As members of the Tenancy Deposit Scheme we ensure the tenants' deposits held are registered on behalf of the landlord (unless instructed otherwise). Furthermore as a member of the Association of Residential Lettings Agents, landlords rent/damage deposits collected by us are protected by the Client Money Protection Scheme.

Redress scheme

Atkinson McLeod are a member of The Property Ombudsman Limited redress scheme.