Cost and Charges for Landlords

Costs and Charges for Landlords

What we charge you depends a lot on what kind of property you’re letting. But here is a breakdown of all our charges to give you an idea of what to expect.

LANDLORD FEES

  1. Introduction Only Service £180 inc VAT (£150 + VAT) payable for each letting where the tenant is introduced through the Agent
  2. Tenancy Documentation Service £420 inc VAT (£350 + VAT) plus a Deposit Negotiation and Administration Fee of £90 inc VAT (£75 + VAT) if a deposit is taken
  3. Tenant Find Service 72% of the first month’s rent inc VAT (60% + VAT), subject to a minimum of £660 inc. VAT (£550 + VAT) for each letting where the tenant is introduced through the Agent
  4. Letting and Rent Collection Service 8.4% inc. VAT (7% + VAT) of the rent received with an initial set up fee payable for each letting of 60% of the first month’s rent inc. VAT (50% + VAT) subject to a minimum of £540 inc. VAT (£450 plus. VAT), deducted by the Agent
  5. Full Management Service 13.2% inc. VAT (11% + VAT) of the rent received with an initial set up fee payable for each letting of £330 inc. VAT (£275 plus. VAT), deducted by the Agent
  6. Premium Management Service 16.8% inc VAT (14% + VAT) of the rent received with an initial set up fee payable for each letting of £330 inc VAT (£275 + VAT), deducted by Agent

The fees under the above service are payable when any individual or organisation enters into an agreement to rent the Property as a result of our promotion, introduction, or viewing by the Agent.

ADDITIONAL CHARGES

Professional hourly rate £36.00 inc. VAT (£30 plus. VAT) Charged by the Agent when required to carry out any additional services

Serving Section 8 Notices 
(Included within our Full Management and Rent Collection Service)
£240 inc VAT (£200 + VAT)
Right To Rent Check 
(Included within our Full Management and Rent Collection Service and Let Only Service)
£300 inc VAT (£25 + VAT)
End of Tenancy Check-Out
(Included within our Full Management
Service)
£180 inc VAT (£150 + VAT)
Property Inspection
(Included within our Full Management
Service)
£120 inc VAT (£100 + VAT)
Deposit Registration and Compliance 
(Included within our Full Management and Rent Collection Service and Let Only Service)
£120 inc VAT (£100 + VAT)
Deposit Dispute (Included within our Full Management and Rent Collection Service) £180 inc VAT (£150 + VAT)
Serving Section 13 Notices
(Included within our Full Management and Rent Collection Service)
£60 inc VAT (£50 + VAT)

Schedule of Condition & Inventory

Included within our Full Management and Rent Collection Service and Let Only Service.

Inventory
1 Bed £120 Inc VAT (£100 + VAT)
2 Bed £180 Inc VAT (£150 + VAT)
3 Bed £240 Inc VAT (£200 + VAT)
4 Bed £300 Inc VAT (£250 + VAT)
5 Bed £360 Inc VAT (£300 + VAT)

Rent Review

Included within our Full Management and Rent Collection Service.

Section 13 notice service £120 Inc VAT (£100 + VAT)
Tribunal case paperwork £240 Inc VAT (£200 + VAT)
Tribunal attendance fee £300 Inc VAT (£250 + VAT)
Tenancy Renewal Service (change of tenancy) £300 Inc VAT (£250 + VAT)
Legionella Risk Assessment (LRA) £48 Inc VAT (£40 + VAT)
Energy Performance Certificate (EPC) £114 Inc VAT (£95 + VAT)
Void period property inspection (per visit) £60 Inc VAT (£50 + VAT)
Major works fee £180 Inc VAT (£150 + VAT)
Land Registry check (where not provided by the Landlord) £30 Inc VAT (£25 + VAT)
Written statement £120 Inc VAT (£100 + VAT)

MINIMUM FEE

In the event of cancellation during a tenancy, the minimum fee that would be payable will be the fee for each day the Agent has managed the Property, if any, based on the Full Management charges above, subject to a minimum level of the fee for the Let Only Service, plus other expenses incurred, such as the gas safety check.

VAT is payable at the prevailing rate on all our fees. It is included where a fixed amount is quoted but where a percentage is applied to a figure the percentage will be plus VAT.

Client Money Protection

HomeFinders (Devon & Somerset) Ltd protect their clients monies through Money Shield.