Landlord Fees

 

From 1 June 2019, the fees landlords and lettings agents are able to charge tenants was amended under the Tenant Fees Act 2019. 

The following tables set out the options available to landlords working with The Good Estate Agent. 

Full Management

Service

Minimum Fee (Net)

Total with VAT

Setup Fee – 50% of the first months rent

£395

£474

Monthly Management Fee

10%

12%

Let with Rent Collection

Service

Minimum Fee (Net)

Total with VAT

Setup Fee

£395

£474

Monthly Rent Collection Fee

5%

6%

Let Only

Service

Minimum Fee (Net)

Total with VAT

Setup Fee – One months rent

£600

£720

The setup fee includes:

  • Initial rent appraisal and advice

  • Preparation of the property advert including photographs

  • Viewings

  • Tenant referencing

  • Contract creation and rent and deposit collection

  • Moving the tenant into the property

Other Fees

Net

Including VAT

Inventory Fee

£100

£120

Deposit Registration Fee

£50

£60

Renewal Fee

£100

£120

Checkout Fee

£75

£90

Gas Safety Certificate

£75

£90

Energy Performance Certificate

£75

£90

Arrangement Fee for works

10%

12%

Deposit Dispute Fee

£100

£120

Serving Legal Notice to tenant

£100

£120

 

Deposits are capped by law at 5 weeks rent. On application a holding deposit of 1 weeks rent is taken by credit card. A processing fee of 1.4% is deducted for all payments taken by credit or debit card.

Further information regarding the Tenant Fees Act 2019 and what it means for you and your tenants can be found on our blog