The Letting Company Fees
Managed letting fee - 10% per month + VAT (discount rates available for portfolio landlords)
This is the only compulsory charge we will ever make to you.
The monthly management fee includes:
- Advertising of the property, including flag boards.
- Referencing of all new tenants.
- Preparation of necessary documents including tenancy agreement and inventory.
- Rent collection.
- Tenancy agreement renewal fees throughout occupancy.
- Inspection visits and reports.
- Additional property visits.
- Final inspection and check-out reports.
- Income & expense reports, and copy statements.
- Administration involved in arranging property certificates such as gas safety, electrical inspections, and energy performance certificates.
Deposits must be protected as per Government legislation. Our deposits are typically registered at a charge of £72 inc. VAT however, you may opt to register this yourself of which there is no charge.
If after signing our management agreement, the owner decides to decline our services for whatsoever reason, at any stage without time limits, we will charge the owner £354 inc. VAT
We are offering all new landlords 6 months free management & 6 months free rental guarantee when they instruct The Letting Company to manage their property - does your current agent offer this? If not, call us today on 0845 838 2890 for more information.
Tenant find only
Tenant find only fee - £354 inc. Vat
This includes marketing and advertising the property, finding and referencing of a prospective tenant, preparation of the agreement and inventory, attending the check-in appointment to sign the tenant up. All aspects of letting the property after the tenant moves in are the responsibility of the landlord, including rent collection.
All forms of notice of eviction are issued through our chosen legal firm, Access Legal (formerly Shoosmiths Solicitors). Charges are set out by Access Legal and payments made directly to them.
The Letting Company make a one off charge of £180 inc. VAT for their attendance. In most cases, it is not necessary for us to attend as well as a Solicitor/the property owner.
Application and referencing
£300 inc. VAT - Application fee
This fee is applicable per property, not per person. This covers all aspects of referencing for main occupants including credit checks, other referencing and any paperwork involved.
£120 inc. VAT - Guarantor fee (this is a separate charge to the application, but only where necessary)
£300 inc. VAT - Company let application
Please note, application fees are non-refundable should the applicants withdraw their application. 50% is refundable in the unlikely event the applicant fails the application process.
We understand that in some circumstances, people need to move quickly - whether it be due to a separation, temporary insurance acommodation or between house sales, we're here to alleviate some of the stress for you.
We can offer an express check-in service for just £50 + VAT, guaranteeing your referencing will be complete within 5 working days, or we won't charge you.
Typically, the deposit for any property is the equivalent to one month's rent. However, this may be higher for some properties at the landlord's discretion, especially for those with pets. Please either refer to the individual Rightmove listing, or contact our office for further information.
£60 inc. VAT - 6 month tenancy renewal
£120 inc. VAT - 12 month tenancy renewal
£195 inc. VAT - 24 months tenancy renewal
This fee covers all aspects of administration involved in renewing the tenancy. In situations where the tenant is unable to cover the fee in whole, payment plans may be arranged.
Changes in tenancy
We appreciate that your circumstances can unexpectedly change, and occupants may need adding or removing from a tenancy. Our team are on hand to work quickly and efficiently in resolving this for you. Our fees for this service are:
£60 inc. VAT - removal of occupants from the tenancy agreement. This fee includes a new tenancy agreement in the name(s) of the remaining occupant(s).
£150 inc. VAT - addition of a occupants onto the tenancy agreement. This includes the referencing of those applying to be a permanent resident of the home, as well as a new tenancy agreement in the name(s) of the new and exciting occupant(s).
The fee is due per property, not per person, and is due each time a new tenancy agreement requires drawing up.
Landlord references to new agencies/landlords
£60 inc. VAT - this is a one off charge per property, not per tenant.
We understand that you may want to return to the property once you have applied to measure the rooms, take a second look or even just show your family/friends. We're more than happy to return to allow access at a time that suits you; the price for our time and travel to do so would be £25 + VAT.
The Letting Company is VAT registered - 882 8350 92