Standard Management Commission: 12½ per cent of rent collected + VAT
Initial Tenancy Admin Fee: Equivalent to one week’s rent + VAT
This is a contribution to the administration involved setting up a new tenancy to include advertising, accompanying viewings, referencing and ID checking, drafting and completing the tenancy agreement, preparing the Record of Condition prior to new tenant(s) moving in, deposit compliance, informing utilities companies and the council.
Introducer/Let Only Fee: Equivalent to one month’s rent
|Referencing and administration fee:||£120 per tenant|
|Guarantor referencing and administration fee:||£60 per tenancy|
This is a contribution towards the costs of referencing and ID checking, and general administration. It is payable upon submitting your tenancy application forms, and is refundable if references are not taken up and you are therefore not offered the tenancy.
Other Possible Costs
Clients’ Money Protection is administered through the RICS. Our redress scheme is ‘Ombudsman Services’.