Information regarding landlord fees in Lincoln
Guaranteed Rent
If you are renting your property to us on the Guaranteed Rent Service, we will not charge you any fees at all.
Charges will apply for our other services, please see the table below for details of these.
Set Up Fee for Fully Managed and Rent Collection
When you first instruct us on either of these schemes you will have to pay a Set Up Fee. This fee covers all the cost of advertising, finding a tenant, compiling the inventory and drawing up agreements etc. The Set-Up Fee is payable each time you instruct us to find a new tenant for your property. A fee for protecting the tenant’s deposit may be charged separately to cover our costs.
Commission for Fully Managed and Rent Collection
We charge a monthly commission for the ongoing management of your property, which will depend on the level of service you require.
Renewal Fee for Fully Managed and Rent Collection
If you are happy to renew the tenancy we may charge you a Renewal Fee, payable prior to the tenant signing a new agreement.
Tenant Find Charges
If you simply want us to find a tenant for your property, we will charge you a one-off fee.
This fee covers all the cost of advertising, finding a tenant, compiling the inventory and drawing up agreements etc.
Renewal Fee for Tenant Find
If you are happy to renew the tenancy we may charge the tenant a Renewal Fee, payable prior to the tenant signing a new agreement.
DPS Deposit Transfer
We charge an administration fee to undertake all legal obligations require to securely manage the tenant’s deposit and register it with a government-approved protection scheme.
Our Landlord fees are as follows:
| Fully Managed (inclusive of VAT where applicable) | Rent Collection (inclusive of VAT where applicable) | Let Only (inclusive of VAT where applicable) | |
|---|---|---|---|
| Tenant Set Up Fee | £600 | £600 | 100% of the first months rent with a minimum fee of £750.00 |
| Standard Monthly Commission | 14.4% | 10.0% | N/A |
| Service of notice | £60 | £60 | N/A |
| Furnished Inventory charge only – per Tenancy | £75.00 | £75.00 | £75.00 |
| Duplicate Statements – Per copy | £12.00 | £12.00 | £12.00 |
| Dispute and Resolution Administration Fee (Full Management only – Not available for Rent collection or Let Only) | £90.00 | N/A | N/A |
| Professional Hourly Rate (for instructions outside of our normal management services) – per hour | £60.00 | £100.00 | £120.00 |
| Void/requested additional property visits/inspections (Full Management only – Not available for Rent collection or Let Only) | £60.00 | N/A | N/A |
| Overseas landlord Tax Fee – Per return | £25.00 | £25.00 | £25.00 |
| Deposit Registration Fee – Per tenancy | £30.00 | £30.00 | £30.00 |
| Gas Safety arrangement fee plus the cost of the certificate – Per certificate | £40.00 | £40.00 | £40.00 |
| Energy Performance Certificate arrangement fee plus the cost of the certificate – per certificate | £40.00 | £40.00 | £40.00 |
| Electrical Installation Condition Report (EICR) arrangement fee plus the cost of the certificate | £40.00 | £40.00 | £40.00 |
| Major works fee (of the total claim value if dealing with insurers or works totaling more than £3000.00 (Only available with Fully managed service, not available for Rent Collection or Let Only) | 12% | N/A | N/A |
| Land Registry check | £15.00 | £15.00 | £15.00 |
| Landlord Identity, PEP and Sanction checks | £30.00 | £30.00 | £30.00 |
| We receive commissions, referral fees, gratuities or other benefits from: | |||
| Contractors | 10% per invoice | ||
| Insurance companies | 25% of the policy value | ||
| Utility providers and others | £25% per switch |
Client Money Protection Certificate
We are proud to have Client Money Protection in place provided by CMP Protect.
If we are protecting the deposit in the TDS insured scheme the deposit is being held in our franchisor’s The Property Franchise Group Client Account.
Book a Free Market Appraisal
A market appraisal is a great way to start your property journey. You can find out what your property is worth with a virtual or face to face appointment in your home. If you’re thinking of making a move we would love to hear from you.
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