Derby 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

If you are happy to renew the tenancy we may charge you a Renewal Fee, payable prior to the tenant signing a new agreement.
 

Maximum Inventory Charge – Tenant Find

 
This is a charge in addition to the Tenant Find Charges for organising an inventory of the property.  The cost will depend on the size of the property and whether furnished or unfurnished. 
 

Maximum Deposit Protection Fee
 
This fee is payable when we register the tenancy deposit with TDS (The Dispute Service).  The charge for managed tenancies is £24 inc VAT per tenancy and for Tenant Find £72 inc VAT  per tenancy.
 

Annual Statement
 
A charge to prepare an annual statement 
 

Legal Property Notices
 
Cost for issuing legal notices on behalf of the Landlord.
 

Section 13 Notices
 
A charge made for negotiating rent increases on periodic tenancies and issuing the relevant legal notice 
 

Hourly Charge for Additional Work
 
A hourly charge for additional work including Tenancy disputes.

 

Our Fees

  Charge (inclusive of VAT where applicable)
Standard Set Up Fee - Fully Managed & Rent Collection £360.00
Standard Monthly Commission – Fully Managed 13.2%
Renewal Fee £120.00
Standard Monthly Commission - Rent Collection 10.8%
Standard Tenant Find Charges £540.00
Maximum Inventory Charge £180.00
Maximum Deposit Protection Fee £72.00
Annual Rent Statement £25.00
Legal Property Notices £60.00
Section 13 Notices £25.00
Hourly Charge for Additional Work £60.00
Hourly Rate for Tenancy Dispute Work £60.00

 

Any percentage fees shown are calculated based on the monthly rent.

We are proud to have Client money protection in place administered by NALS (National Approved Lettings Scheme)

Northwood Derby

Opening Times

Monday - Friday 9:00 - 17:00 Saturday 9:30 - 13:00 Sunday Closed
Registered Office: Northwood (Derbyshire) Ltd, Suite 1, 3rd Floor, 11-12 St James's Square, London, SW1Y 4LB - 06596180. VAT number:876017216.

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