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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.

Option 1: 'Let Only' service - 12% (10% + VAT)

 • 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 Tax

 • Reference the Tenant (3rd party referencing)

Option 2: ‘Rent Collection’ service – 14.4% (12% + VAT)

• Collect and remit initial month’s rent received

• Collect rent for the duration of the tenancy

• Pursue non-payment of rent & 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 Tax

Training and Development

Option 3: ‘Full Management’ service – 19.2% (16% + VAT)

open sign in Atkinson Mcleod office window

• Collect and remit initial month’s rent received

• Collect rent for the duration of the tenancy

• Pursue non-payment of rent & advice on rent arrears’ actions

• Agree collection of any shortfall and payment method

• Advise Local Authority on change of occupancy for Tax

• Deduct commissions and other works

• 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) 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 £72
Tenancy agreement fee £234
Tenant referencing fee £54
Energy Performance Certificate (valid 10 years) £114
Gas Safety Certificate £120
Submission of non-resident landlord receipts to HMRC £300 per annum
Income and Expenditure report (Fully Managed) £24 per annum
Inspections £90 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 £60
Rent Recovery Plus (landlord’s insurance) more details here 1.8% of the gross rent
Submission of HMO licencing application £600
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

 

Note:

Inventory check-in/check-out fees are:

Studio £276
1 Bedroom £294
2 Bedrooms £318
3 Bedrooms £342
4 Bedrooms £378
5 Bedrooms £414
6 Bedrooms £462

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

Client Testimonials

Oval P. Avatar
Oval P.
11/22/2019 - Google

Paul Darko is an estate agent in a million. He has been hard working, efficient and we would not... read more

Ying H. Avatar
Ying H.
1/31/2020 - Google

Katie did a fine job of showing me the property and acting as middle person with an overseas vendor. Informative,... read more

Margo L. Avatar
Margo L.
1/27/2020 - Google

We dealt with Adam with our purchase. From start to completion he kept both vendor and us informed to make... read more