Landlord fees
Level of service |
All fees are inclusive of VAT |
| Fully Managed Service | 13.5% of monthly rental valuation |
| For example, if a rent of £800 per month is agreed the commission payable will be £108 per month. If the rent is higher or lower the commission will increase or decrease accordingly. | |
| Rent Collection Service | 12% of monthly rental valuation |
Other fees |
|
| Marketing and tenancy setup fee | £375 * |
| Payable each time a property is marketed, and a new tenancy agreed. Includes: Marketing on all portals, photos and floorplan, accompanied viewings and negotiation of offers, referencing, right to rent checks, tenancy agreement, check in, providing of statutory documents to tenants and lodgement of deposit. | |
| Preparation of inventory | From £120 - £260 |
| Required when taking a dilapidations deposit or accessing a nil deposit scheme. Dependent on the size of the property. | |
| Check-out fee | £175 |
| Payable at the end of a tenancy. Attendance at check-out appointment and check out report, negotiation of deposit deductions, arranging of quotes following on from check out, preparation of documents for deposit disputes and arranging the release of the deposit and paying funds to the relevant people. | |
| Tenancy renewal fee | £125 |
| Payable each time we renew a tenancy. Includes negotiation of rent, preparation and issuing of renewal documents, re supply of statutory documents. | |
| Key cutting (plus cost of keys) | £12 |
| Serving of legal notices (e.g. Section 21, Section 8) | £60 |
| Contractor waiting and / or supervision | £45 |
| Additional visits, including those during void periods | £45 |
| Cost for international money transfer | £36 |
| Admin fee for holding tax for overseas landlords | £45 (Quarterly) |
| Involvement in legal proceedings | Hourly Charge (Price on application) |
| Eviction of tenants, attendance in court and preparation of deeds of surrender. | |
| Cancellation of tenancy check in | £375 |
| If you choose not to proceed with an agreed tenancy, following the prospective tenants passing referencing, then you will be liable for Neil Douglas’s marketing and set up fee. | |
Third party services |
|
| Energy Performance Certificate | £90 |
| Gas Safety Certificate | £90 |
| Legionaries risk assessment | Price on application |
| Electrical Safety Certificate | Price on application |
* If we carry out all aspects associated marketing your property, and then you find tenants yourself or through another agent, you may be liable for a fee of £150 which is a proportionate cost of our marketing and setup fee.
We are members of the UKALA, Property Ombudsman and we have Client Money Protection (CMP) insurance.
Effective from 15th May 2019
