Landlord Fees Pricing Guide

Landlord Fees Pricing Guide

Fee inclusive of all taxes

Landlord Fee Information

Let only service is the first month’s rent which includes the following:

• Advertising and general marketing of the property,
• Finding a prospective tenant,
• Drafting a tenancy agreement,
• Inventory check in.

Let and rent collection only is 6% of the monthly rent and two weeks rent (monthly rent times 12 months divided by 52 weeks rounded to the nearest pound) for the introduction fee for each tenancy (finding a tenant), which includes the following:

• Advising as to the likely rental income,
• Advertising and general marketing of the property,
• Finding a prospective tenant,
• Interviewing prospective tenants,
• Drafting a tenancy agreement,
• Registering security deposit with a deposit scheme,
• Inventory check in and check out,
• Rent collection from tenant,
• Processing and paying the rent money (after commission deducted) to the landlord,

Let and full management services is 8% of the monthly rent and two weeks rent (monthly rent times 12 months divided by 52 weeks rounded to the nearest pound) for the introduction fee for each tenancy (finding a tenant), which includes the following:

• Advising as to the likely rental income,
• Advertising and general marketing of the property,
• Interviewing prospective tenants,
• Checking references and obtaining a guarantor for the tenant when necessary,
• Drafting a tenancy agreement and renewing the agreement when necessary at the end of the term,
• Liaising with the Landlord’s mortgagees when necessary regarding references and tenancy agreement,
• Registering security deposit with a deposit scheme,
• Registering the tenant’s details with the relevant utility bills,
• Inventory check in and check out,
• Rent collection from tenant,
• Processing and paying the rent money (after commission and any expenses deducted) to the landlord,
• Regular inspections of the property carried out on a quarterly basis,
• Co-ordination of repair and maintenance including arranging for tradesmen to attend the property and obtaining estimates, supervising works and settling accounts from rents received,
• Making payments on behalf of the Landlord from rents received for the costs in managing the property,
• Carrying out a full inspection of the property at the end of the tenancy and dealing with matters relating to wear and tear before releasing the tenants deposit,
• Collecting and forwarding landlords mail,
• HomeLet Rent Guarantee Scheme (optional additional charges may apply), we are offering to our landlords to protect against loss of rent including legal cost.

Sales Fee information (per property)

1% of the gross sale value.

 Thank you.

Team OMG ProLET