St Albans Landlord Fees
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.
Section 13 Rent Review fee for Fully Managed and Rent Collection
If you wish to review the rent, we can liaise with the tenant on your behalf and issue a Section 13 Notice for which we may charge a Rent Review fee..
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.
Section 13 Rent Review fee for Tenant Find
If you wish to review the rent, we can liaise with the tenant on your behalf and issue a Section 13 Notice for which we may charge a Rent Review fee in advance of commencing the work.
Our Fees
| Charge | |
|---|---|
| Standard Monthly Commission – Fully Managed | 12% +VAT or 14.4% inc VAT |
| Standard Monthly Commission – Part Managed | 11% +VAT or 13.2% inc VAT |
| Standard Monthly Commission – Rent Collection | 8% +VAT or 9.6% inc VAT |
| Standard Tenant Find Commission | 8% +VAT or 9.6% inc VAT of annual rent |
| Standard Tenancy Set Up Fee – Fully Managed & Part Managed | From £492 inc VAT |
| Rent Review Fee | From £175 +VAT or £210 inc VAT |
| Annual Tenancy Deposit Scheme Fee | £30 +VAT or £36 inc VAT |
| Tenancy Deposit Scheme Disputes | £300 +VAT or £360 inc VAT per dispute |
| Additional or duplicate financial statements or Year End statements | £50 +VAT or £60 inc VAT per document, per property. |
| Service of a section notice, for example Section 8, potentially in conjunction with a third party | £175 +VAT or £210 inc VAT for each notice served. |
|
Where additional legal/professional services are required by the Landlord (e.g. completion of legal documentation, court attendance) in conjunction with a third party, hourly charges can be provided upon request. A referral fee may be applicable in some cases. |
|
Any percentage fees shown are calculated based on the monthly rent
We hold Client Money Protection insurance provided by Propertymark
Client Money Protection Certificate
We are proud to have Client Money Protection in place provided by CMP Protect.
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.