Landlord Fees
Fees and charges for Landlords
Client Money Protection (CMP) provided by: Propertymark Client Money Protection
Independent redress provided by: TPOS
The following is a detailed list of Fees and Charges that may be incurred before, during and after a tenancy arranged by D+J Lettings and Property Management.
All Fees are inclusive of VAT.
Level of Service Offered
Full Tenancy Management - 15% of rent due (12.5% + VAT) - monthly fee
- Property appraisal and rental valuation
- Marketing and advertising your property
- Source suitable tenants for the property
- Accompanied viewings and feedback
- Obtaining references and credit checks on potential tenants
- Providing you with information on the latest safety requirements
- Collecting the tenant’s deposit and first month’s rent
- Register deposit with TDP scheme
- Oversee tenant check-in
- Transfer utility supplier accounts
- Rent collection and payment to landlord
- Deal with any arrears
- Conduct 1 regular property inspections
- Arrange routine service and maintenance
- Advise on repairs required
- Arrange emergency repairs
- Arrange mandatory safety checks
- Handle insurance claims
- Monthly itemised statement to landlord
- Deal with tenant issues and queries
- End of tenancy inspections
- Oversee tenant check-out
- Arrange deposit return
- Remarketing at the end of tenancy
Rent Collection - 12% of rent due (10% + VAT) - monthly fee
- Property appraisal and rental valuation
- Marketing and advertising your property
- Source suitable tenants for the property
- Accompanied viewings and feedback
- Providing you with information on the latest safety requirements
- Collecting the tenant’s deposit and first month’s rent
- Register deposit with TDP scheme
- Oversee tenant check-in
- Rent collection and payment to landlord
- Deal with any arrears
Let Only - 100% of 1 month’s rent or Minimum of £750- one-off fee
- Property appraisal and rental valuation
- Marketing and advertising your property
- Source suitable tenants for the property
- Accompanied viewings and feedback
- Providing you with information on the latest safety requirements
- Collecting the tenant’s deposit and first month’s rent
Tenancy Setup Fee - 50% of 1st month’s rent or minimum of £600 incl VAT applicable to Let only & Rent Collection only
- Draw up tenancy agreement and arrange acceptance
- Provide guidance on compliance with statutory provisions and letting consents
- Generally provide guidance and support to set up the tenancy
Compliance & Tenant Reference Fee - £120 (£100 + VAT) per tenant and/or guarantor - applicable to Let only & Rent Collection only
- Obtaining and recording identification documents to satisfy UK Right to Rent immigration checks
- Assessing applicants status and affordability prior to obtaining formal reference checks
- Conducting independant checks to confirm affordability, employment and previous landlord reference
- Obtaining acceptance of your reference reports from your prospective landlord
- Obtaining and verifying all certificates and consents are in place prior to the move-in date
- Arranging for the appropriate deposit documentation to be signed
Inventory and Check-In Fee (Landlord's share) £ Sliding scale from Independent Inventory Company
- Attending the property to undertake a detailed Schedule of Condition and Inventory based on the condition of the property
Deposit Registration Fee - £30 (£25 + VAT) - applicable to Let only & Rent Collection only
- Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme
- Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy
Additional property visits - £60 (£50 + VAT) / £120 (£100 + VAT) Non-Managed tenancy
- To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit
Administration of Non Resident Landlord Scheme - £120 (£100 + VAT) annual fee
- To remit and balance the financial return to HMRC quarterly – and respond to any specific query relating to the return from the landlord or HMRC
Rent Review Fee - £90.00 (inc VAT)
- Review rent in accordance with current prevailing market condition and advise the landlord
- Negotiate with tenant
- Direct tenant to make payment change as appropriate
- Update the tenancy agreement
- Serve Section 13 Notice if tenancy is on a rolling monthly basis
Administration Charge for payment of invoices/expenses - £24 (£20 + VAT) per item - applicable to Let only & Rent Collection only
Landlord Renewal Fee - £120 (£100 + VAT) - applicable to Full Tenancy Managed Service
- Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
Landlord Renewal Fee - £240 (£200 + VAT) - applicable to Let Only and Rent Collection Service
- Contract negotiation, amending and updating terms and arranging a further tenancy and agreement
Notice Issue Fee - £90 (£75 + VAT)
- Negotiate and advise landlord on serving statutory Notices e.g. Section 13 or Section 21
- Preparation of Notice(s)
- Arrange delivery and serving of Notices to tenant
Additional Non-Optional Fees and Charges (Irrespective of Level of Service):
Obtaining estimates and supervision of Refurbishment works: 12% of net cost for works
Obtaining pre-payment keys or cards for electricity or gas, or clearing debts from previous keys or cards (when we first take over a property or during the tenancy) £50 per key or card
Hourly rate for other work: £50.00 per hour or £100 per hour Director request
Tenancy Health Checks - £90 Landlord Clinics & Seminars £30 per person
Buy to Let advisory appointment- £90
Buy to Let Property Sourcing £180 per property