Landlords’ Guide to Services and Fees (2024)

Description of FeeNet (exclusive VAT)Gross (inclusive VAT)

Full Management Service (FM)
Subject to a £600 (£720 Inc VAT) minimum fee per tenancy per year

13% of monthly rent

15.6% of monthly rent

Let and Rent Collection Service (LRC)
Subject to a £600 (£720 Inc VAT) minimum fee per tenancy per year

10% of monthly rent12% of monthly rentLet Only Service (LOS)
Payable upfront prior to commencement of the Services and subject to a £600 (£720 Inc. VAT) minimum fee per tenancy.10% of the rent for the term12% of the rent for the termMarketing Only Service (MOS) for the VAT Inc figure£199£238.80Rent and Legal Protection Insurance (FM/LRC)
Subject to availability3.5% exc. IPT of monthly rental3.92% inc. IPT of monthly rentalDeposit/Deposit Replacement Service (LOS)£72£86.40Referencing Fee
(inc. verification of income, employment, previous landlords (if applicable) and search for bankruptcy, insolvency, CCJs, Orders and Arrangements)£50 per tenant (inc. students/guarantor)£60 per tenant (inc. students/guarantor)

Tenancy Agreement
(drafting and execution of document if supplied by us)

£250£300

Periodic Rent Review Administration Charge
(private residential tenancies only)

£90£108Tenancy Extension/Renewal Service fee
(non private residential tenancies only)£250£300Change Of Sharer Fee£250£300

Annual statutory landlord rental income declaration to HMRC

£15£18

Quarterly Tax Submission to HMRC for Non-UK Residents with No HMRC Approval

£100£120

Third-party Tenancy Agreement supervision fee

£325£390Property Preparation Service

Subject to Quotation

Attending Legal Proceedings
(Per Hour plus travel)£200£240Arranging non-routine maintenance as required
(management and instruction of contractor works)10% of the net invoice12% of the net invoiceAdditional Property Visits£55 per visit£66 per visitDeposit Transfer/Mid Term Transfer£100£120Landlord Regulation Checks
Includes; HMO Licence monitoring, the ongoing management of Deposit/Deposit Replacement Service, Legislative Horizon scanning, *annual upfront applies to Let Only service£9.50pcm*£11.40pcm* Tenancy Administration Fee
includes, but is not limited to: marketing of the property, arranging and conducting viewings, negotiating tenancy terms, arranging completion of tenancy documents, utility and services management£100 min / £120 max£400 min / £480 max HMO Licence Application
(excludes the cost of licence and any risk assessment or other documentation required to grant the licence)£250£300Agent as Licence Holder for Landlord Fee
(excludes the cost of licence and any risk assessment or other documentation required to grant the licence) £250£300Formulating Deposit Adjudication Claim (LRC/LOS)£200£240 Formulating Deposit Adjudication Claim (FM)£25£30Inventory Preparation
Unique or unusual houses and those exceeding 5 bedrooms with 2 reception rooms will be subject to quotation.£83.33 min / £500 max£100 min / £600 maxInventory Check-In
Unique or unusual houses and those exceeding 5 bedrooms with 2 reception rooms will be subject to quotation.£83.33 min / £500 max£100 min / £600 maxInventory Check Out
Unique or unusual houses and those exceeding 5 bedrooms with 2 reception rooms will be subject to quotation.£83.33 min / £500 max£100 min / £600 max Negotiating and preparing Addenda£50£60Energy Performance Certificate fee£79£94.80Gas Safety Record feeSubject to QuotationPortable Appliance Test feeSubject to QuotationElectrical Condition Inspection Report FeeSubject to QuotationLegionella Risk Assessment feeSubject to QuotationFee & Remove Plural From Notices£175£210 Deposit/Deposit Replacement Service (FM/LRC)
(only available where Landlord Regulation Check fee not selected)£6pcm£7.20pcmAnnual Statement of Income and Expenditure £85£102