Reading and Newbury Landlord Fees

Guaranteed Rent Service

If you are renting your property to us on the Guaranteed Rent Service, we will not charge you any fees.

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.

Standard Monthly Commission              Fully Managed:                14.4%

Standard Monthly Commission              Rent Collection:              9.6%

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, doing the referencing and drawing up agreements etc. The Set Up Fee is payable each time you instruct us to find a new tenant for your property and depends on the size of the property.

Renewal Fee for Fully Managed and Rent Collection

If you are happy to renew the tenancy we may charge you a Renewal Fee, payable prior to the tenant signing a new agreement.

Tenant Find Charges

If you simply want us to find a tenant for your property, we will charge you a one-off fee. This fee covers all the cost of advertising, finding a tenant, doing the referencing and drawing up agreements etc.

Standard Tenant Find Charges:              60% of first months’ rent

Renewal Fee for Tenant Find

If you are happy to renew the tenancy we may charge you a Renewal Fee, payable prior to the tenant signing a new agreement.

Rent Guarantee Insurance

This provides protection from rent arrears and covers legal costs if you need to consider re-possession:  3% of Rent per Month

Set up Fee

Referencing all applicants, creation of the AST and supporting paperwork, check-in for applicants including Right to Rent checks (in person) and Protection of the Deposit

• £348 (up to 2-bedroom properties)
• £60 (per additional bedroom)

Inventory Creation and LRA Assessment

• Creation of Report (via independent inventory clerk)
• £180 (up to 2-bedroom properties)
• £30 (per additional bedroom)
• £40 – LRA Assessment (if carried out independently of the Inventory)

Check Out Report

Creation of Report (via independent inventory clerk) plus negotiation with tenants for release of deposit, up to point of formal dispute being raised

• £162 (up to 2-bedroom properties)
• £30 (per additional bedroom)
• £240 – Deposit Dispute preparation and resolution
• £90 – Annual Dispute & Resolution Administration Fee (optional)
• £48 – Creation of Statutory Declaration

Legal Fees

• £24 – Annual Statement Creation
• £24 – Annual Deposit Protection Fee
• £48 – Creation and postage of Section Notice
• £60 (per hour) Court attendance
• £60 (per hour) Assistance with Court submission
• £120 – Fixed Term Tenancy renewal

Please note, additional charges will apply should legal assistance be required to formally submit court papers, as we are unable to act on behalf of a landlord.