Landlord's Fees
When preparing to let your property, it is useful to know exactly what Landlords have to pay for. Please find below information regarding our charges per property:
Letting 12% inc VAT (10% plus VAT)* of the annual rent or any part thereof
- Advise on current market conditions and preparation of property for lettings
- Provide guidance on compliance and consents
- Arrange Energy Performance Certificate (additional cost applies)
- Agree the market rent and find a tenant
- Discuss non-resident tax status and HMRC (if relevant)
- Prepare property details, photographs, floor plans and market on relevant portals
- Arrange accompanied viewings
- Negotiate offers and take up references
- Prepare Tenancy Agreement
- Collect and hold the deposit as stakeholder and register with the Tenancy Deposit Scheme where necessary (additional cost applies)
- Provide tenant with method of payment
- Collect initial rent
- Contact Landlord and Tenant prior to the end of tenancy to discuss renewal or termination
- Return deposit as agreed with Landlord and Tenant to relevant parties
- Remit any disputed amount to the Tenancy Deposit Scheme for final adjudication
- Initial Right to Rent checks
Minimum Fee £ 1,200 inc VAT (£ 1,000 plus VAT)
Additional Optional and non-optional fees & charges for all non-managed tenancies:
| Annual gas and electrical checks | ** | |
| Pre tenancy clean | ** | |
| Energy Performance Certificates | ** | |
| These above charges will incur an additional fee from Stella Lange LLP of £72 inc VAT (£60 plus VAT) | ||
| References/Guarantor References, per reference | £30 | (incVAT) |
| Land Registry Charges | £7 | (noVAT) |
| Renewal Right to Rent checks | £54 | (incVAT) |
| Contract Only Fee | £300 | (incVAT) |
| Deposit refund handling | £240 | (incVAT) |
| Receive and remit rent, if requested | £300 | (incVAT) |
| Inventory preparation and Check-in, eg. a 3 bed 2 bath apartment unfurnished | £204 | (incVAT) |
| Inventory Check Out, eg. a 3 bed 2 bath apartment unfurnished | £204 | (incVAT) |
| (Please note the above charges are an example. The inventory charges are approximate and according to size, furnishings and choice of inventory clerk. All fees are subject to change. Additional rooms are charged for. We can provide a quote if requested.) | ||
| Deposit registration and administration annual fee | £30 | (incVAT) |
| Copies of monthly/quarterly statements per copy | £12 | (incVAT) |
| Annual reconciliations | £180 | (incVAT) |
| Legal proceedings per hour + reasonable expenses (subject to £360 minimum fee) | £180 | (incVAT) |
| Preparation of paperwork for adjudication to Tenancy Deposit Scheme | £240 | (incVAT) |
| Hourly charge for meetings attended on behalf of Landlord | £72 | (incVAT) |
| Arranging works or refurbishment | 12% | (incVAT) |
| Obtaining quotes | £180 | (incVAT) |
| Meeting contractors, third parties, property visits | £72 | (incVAT) |
| House of Multiple Occupancy (HMO) | ||
| Application and first Council Inspector visit | £300 | (incVAT) |
| Hourly charge for any subsequent visits | £72 | (incVAT) |
| Any works required for property compliancy | 12% | (incVAT) |
Letting, Property Management and Rent Collection 18% inc VAT (15% plus VAT)* of the annual rent or any part thereof
- Advise on current market conditions and preparation of property for lettings
- Provide guidance on compliance and consents
- Arrange Energy Performance Certificate (additional cost applies)
- Agree the market rent and find a tenant
- Discuss non-resident tax status and HMRC (if relevant)
- Make any HMRC deductions and provide tenant with NRL6 (if relevant)
- Prepare property details, photographs, floor plans and market on relevant portals
- Arrange accompanied viewings
- Negotiate offers and take up references
- Prepare Tenancy Agreement
- Liaise with utility suppliers
- Collect and hold the deposit as stakeholder and register with the Tenancy Deposit Scheme where necessary (additional cost applies)
- Provide tenant with method of payment
- Receive and remit rent
- Prepare regular rent statements
- Operate rent arrears process if necessary
- Administrate Ground Rent and Service Charges
- Hold keys throughout tenancy
- Retain a working fund and deal with day to day management
- Arrange routine repairs and instruct approved contractors to a maximum of £1,000 without prior consent
- An additional charge for repairs/works/refurbishment in access of £1,000 is 12% inc VAT (10% plus VAT) of the net cost of the works, including materials. Excludes appliances.
- Arrange Gas Safety Record, Electrical Installation Condition Report and Portable Appliance Testing (additional cost applies)
- Arrange pre-tenancy cleaning (additional cost applies)
- Annual Property visit
- Provide out of hours Emergency Management service
- Instruct inventory provider to prepare and check inventory at commencement and end of tenancy (additional cost applies)
- Negotiate any disbursements of the security deposit with Landlord and Tenant
- Return deposit as agreed with Landlord and Tenant to relevant parties
- Remit any disputed amount to the Tenancy Deposit Scheme for final adjudication
- Contact Landlord and Tenant prior to the end of tenancy to discuss renewal or termination
- Right to Rent checks
Minimum Fee £1,500 inc VAT (£ 1,250 plus VAT)
Renewal Letting only 9.6% inc VAT (8% plus VAT)* Renewal Letting, Property Management and Rent Collection 15.6% inc VAT (13% plus VAT)* of the annual rent or any part thereof and any renewal and/or extension
- Contact Landlord and Tenant prior to the end of tenancy to discuss renewal
- Advise on current market conditions
- Negotiate renewal, prepare Tenancy Agreement
Minimum Fee from £720 to £900 inc VAT (£600 to £750 plus VAT) dependent on Management status
Property Management only fee 6% inc VAT (5% plus VAT) of the rent payable
In addition to the above charges, you may expect to pay:
- Service charges and ground rent
- Maintenance and repairs of property
- Building and contents insurance
- Accountant charges
- Tax for either UK or overseas Landlords
Additional Optional and non-optional fees & charges for all managed tenancies:
| Annual gas and electrical checks | ** | |
| Pre tenancy clean | ** | |
| Energy Performance Certificates | ** | |
| Land Registry Charges | ** | |
| References/Guarantor References, per reference | £30 | (incVAT) |
| Inventory preparation and Check-in, eg. a 3 bed 2 bath apartment unfurnished | £204 | (incVAT) |
| Inventory Check Out, eg. a 3 bed 2 bath apartment unfurnished | £204 | (incVAT) |
| (Please note the above charges are an example. The inventory charges are approximate and according to size, furnishings and choice of inventory clerk. | ||
| All fees are subject to change. Additional rooms are charged for. We can provide a quote if requested.) | ||
| Deposit registration and administration annual fee | £30 | (incVAT) |
| Copies of monthly/quarterly statements per copy | £12 | (incVAT) |
| Annual reconciliations (Managed Properties) | £90 | (incVAT) |
| Legal proceedings per hour + reasonable expenses (subject to £360 minimum fee) | £180 | (incVAT) |
| Preparation of paperwork for adjudication to Tenancy Deposit Scheme | £240 | (incVAT) |
| Hourly charge for meetings attended on behalf of Landlord | £72 | (incVAT) |
| House of Multiple Occupancy (HMO) | ||
| Application and first Council Inspector visit | £300 | (incVAT) |
| Hourly charge for any subsequent visits | £72 | (incVAT) |
Any works required for property compliancy 12% (inc VAT)/net value of works
All above prices are inclusive of VAT and charged at the prevailing rate
*Lettings fees are calculated by using the following formula:
Agreed weekly rent x 52 weeks x 10%, 8% or 5% + VAT (20%)
eg. £500 x 52 = £26,000 x 10% = £2,600 + 20% VAT = £3,120 (Letting fee charged in advance)
eg. £500 x 52 = £26,000 x 8% = £2,080 + 20% VAT = £2,496 (Letting fee charged in advance)
eg. £500 x 52 = £26,000 x 5% = £1,300 ÷ 4 = £325 + 20% VAT = £385 (Management fee charged quarterly in advance)
** The cost of these items will depend on the individual supplier at the time of the tenancy and is payable by the Landlord