Landlord fees and charges
Fees are expressed as a % of the total rent due under the tenancy. Lettings fees are payable in full and in advance (unless otherwise agreed in writing). Management fees are payable in line with rent due, either monthly, quarterly, or annually.
Minimum lettings fees
The minimum rate is $3,000, including taxes.
Lettings service
Where applicable and for a minimum of two months.
Upon rental, the security deposit and one month’s rent (based on the agreed monthly rate) are automatically charged; the security deposit is refunded at the end of the contract period, and the final month is not payable.
This includes advice on:
- Market rent
- Refurbishment
- Health and safety
- Legal issues
- Tax status
- Non-payment of rent
As well as the cost of:
- Advertising on property websites and portals
- Erecting ‘For Let’ board
- Introducing applicants
- Accompanied viewings
- Collection and remittance of rent
- Holding deposits for stakeholders
- Deducting commission
Renewal lettings service
Where applicable and for a minimum period of two months. This service fee applies to the security deposit and one month’s rent (based on the agreed monthly rate). Fees are payable in advance for the entire duration of any renewal, extension, or continuation of the rental management service.
This covers the cost of:
- Contacting and dealing with all relevant parties
- Advice on rent
- Negotiating any changes to the tenancy agreement
Short let service
This applies to rentals with a maximum duration of two months. The short-term rental service must be paid for in full and in advance, including a deposit representing 25% of the total amount.
Management fees
Management fees are charged against these amounts.
This includes:
- Advice on utility providers and advising local authorities of changes
- Routine property inspections and landlord reports twice a year
- Sourcing estimates and arranging routine repairs
- Renewal of safety records
- Checking tenants’ right-to-rent
- Holding keys
- Arranging check-out appointments
- Negotiating any claims against the deposit
- Distributing the deposit as agreed between the relevant parties
- Remit of any landlord disputes for TDS adjudication