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.