Stoke on Trent Landlord Fees
Tenant Fee Ban
You may have read in the press about the up coming Tenant Fee Ban which comes into force 1st June 2019, as a consequence of this we will see many agents increasing their fee's to landlords to compensate for this loss of income. Here at the Stoke office we understand the huge pressure landlords are under with the level of compliance now levied on landlords and the introduction of Section 24 taxation, so we have decided NOT to increase our fee's to landlords. We will further offer a switching service to any landlord with another agent free of charge other than our management fee as detailed below.
Please be assured that we will further NOT reduce our service to you or your valued tenants.
All our fees are shown inclusive of VAT where applicable.
If you are renting your property via 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. This fee is £300 (£250 + VAT) and is normally taken from the first month's rent received.
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, please see the table below.
Renewal Fee for Fully Managed and Rent Collection
If you are happy to renew the tenancy with the existing tenants we do not charge you a Renewal Fee.
Tenant Find Charges
If you simply want us to find a tenant for your property, we will charge you a one off fee equivalent to 10% of the annual rent or one month's rent + VAT (Rent £600 per month, £7200 per annum, fee £720). 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 would like us to find a new tenant via the Tenant Find scheme at the end of this tenancy then a 20% discount will be offered.
||Charge (inclusive of VAT where applicable)
|Set Up Fee - Fully Managed
||£300 (£250 + VAT)
|Monthly Commission – Fully Managed
||16.8% (14% + VAT)
|Set Up Fee – Rent Collection
||£300 (£250 + VAT)
|Monthly Commission – Rent Collection
||10.8% (9% + VAT)
|Tenant Find Commission
||10% of annual rent
Any percentage fees shown are calculated based on the monthly rent unless detailed otherwise.
We hold Clients Money Protection insurance provided by NALS (National Approved Lettings Scheme)