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
Option 3: ‘Full Management’ service – 19.2% (16% + 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
• 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 | 2% + VAT |
| 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:
- As members of the Tenancy Deposit Scheme we ensure the tenants’ deposits held are registered on behalf of the landlord (unless instructed otherwise).
- 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.
- View our CMP scheme certificate. Read the Conduct and Membership rules.
- Atkinson McLeod are a member of The Property Ombudsman Limited redress scheme.
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.