Preston Landlord Fees
All our fees are shown inclusive of VAT where applicable.
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 you a Renewal Fee, payable prior to the tenant signing a new agreement.
SCALE OF CHARGES
VAT is payable at the prevailing rate on all our fees. In accordance with consumer legislation it is quoted as included in the prices stated below. If the VAT rate changes the price charged will change accordingly.
An amount payable under a percentage fee will go up or down depending on the agreed rent level. Fixed fees will remain the same regardless of the rent level agreed.
Our Fees
| Charge (inclusive of VAT where applicable) | |
|---|---|
| Tenant Find Only Service | 100% (inclusive of VAT) of the first months’ rent. This fee is payable at the start of the tenancy and payable for each letting where the tenant is introduced through the Agent deducted by the Agent from the rent received. Minimum fee is £650 inclusive of VAT. *If the monthly rental is £1000.00 you will pay a fee of £1000.00 (inclusive of VAT). |
| Letting and Rent Collection Service | 10% (inclusive of VAT) deducted by the Agent from the rent received. The set-up fee upon a new tenant moving in is £500.00 (inclusive of VAT). This is a one-off charge every time the Property is remarketed. |
| Full Management Service | 13% (inclusive of VAT) deducted by the Agent from the rent received. The set-up fee upon a new tenant moving in is £500.00 (inclusive of VAT). This is a one-off charge every time the Property is remarketed. |
The fees under the above services 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.
If overseas Landlord approval is not obtained, an extra 1% including VAT will be charged on the above commissions to cover the cost of the extra work involved.
| Additional Charges | |
|---|---|
| Duplicate statements | £12.00 (inclusive of VAT) (per copy) |
| Professional hourly rate | £60.00 (inclusive of VAT) Charged by the Agent when required to carry out any additional services |
| Check out | Included Managed Only |
| Void property inspections | £60.00 (inclusive of VAT) (per visit) |
| Tenancy renewal fee | £100.00 (inclusive of VAT) (per renewal) |
| Major works fee | 12% (inclusive of VAT) of the total claim value if dealing with insurers or works totalling more than £3000.00* |
| *If the works costs £3000.00 you will pay a fee of £360.00 inclusive of VAT |
Client Money Protection Certificate
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.