Landlord and Tenant Fees

 

Fine & Country Richmond

Lettings Fees for Landlords and Tenants

 

Landlord Fees

 

Letting, renewal and receiving rent:

We’ll:

  • Discuss local market conditions
  • Advise on preparing your property for letting
  • Keep you up to date on compliance and health & safety
  • Put up a To Let board
  • Market the property and advertise on relevant portals
  • Arrange and accompany viewings
  • Collect & hold the deposit
  • Ask tenants to set up rent payments and pass monies on
  • Make any necessary HMRC deduction
  • Chase late rent payments
  • Discuss renewal or termination
13.2%* of rent for the whole time your tenant stays in the property
Short Lets  (less than six months)       24% of rent
Minimum Fee London Region   £1,800 *
Minimum Fee Other Regions  £1,200 *
Letting, renewal, receiving rent and management: 20.4% * of rent for the whole time your tenant stays in the property

In addition to the letting, renewal and receiving rent services we’ll:

  • Deal with day to day management including repairs
  • Give utility suppliers meter readings when the tenancy starts and ends
  • Hold a working fund and make payments
  • Organise the following safety checks; gas safety record, electrical safety tests, smoke and carbon monoxide alarms
  • Visit the property at least once a year
  • Provide an emergency out of hours service
  • Manage the end of tenancy process and deposit return
21.6% of rent
Minimum Fee London Region          £3,000 *
Minimum Fee Other Regions   £2,400 *
   

Inclusive letting, renewal, receiving rent and management *

In addition to the above we’ll:

Facilitate inclusive utilities, telecoms and furnishings as needed 

 
Minimum Fee London Region  £3,500 *
Minimum Fee Other Regions       £2,900 *
   
 Short Lets (less than six months)     30% of rent
   
Management Only Service       £600 handover ** and 7.2% of rent payable
Minimum Fee £1,800
   
Vacant management (before you let or between tenancies)  
This depends on what you need. Minimum monthly fee   £120
   
Pre letting service (visual check)    £600
   
Sale of Property (including sales progression)   2.4% of the agreed sale price
   
Extra optional and non-optional fees & charges  

Tenancy Paperwork (landlord’s share)    

Contract negotiation (amending and agreeing terms) and arranging the tenancy.     

£246
   
Right to Rent Checks  
Initial per person £30
Follow up (included for our managed clients) per person  £50
   
Land Registry £4.80
   
Head lease from Land Registry       £4.80
   
Deposit registration £48 per year
   
Transferring deposit to landlord or other agent during tenancy £120
   
References during tenancy or at renewal £39
   
Change of ownership set up £120 per property to a maximum charge of £600
   
Helping with deposit adjudication   £120 per hour
   
Additional HMO or selective licensing  
Application handling £300
Annual license holding      £120 per year
   
Making an inventory and check-in        Minimum £180
Larger properties may be at an additional cost. to a maximum of £1,140
   
Inventory arrangement per booking
(included for managed landlords) 
£60
   
HMO visits and/or any additional property visits     £120 per visit
   
Arranging works or refurbishment over £1,000
This includes: arrange access, contractor quotes, checking
works against job specification, holding works warranties and guarantees 14.4% of net cost
 
   
Quarterly return to HMRC       £120 per landlord
Consolidated statement   £30 per copy
   
Tenancy renewal paperwork (landlord’s share)
Contract negotiation and arranging necessary documentation 
£120 + commission
   
Cancelling a let before the tenant moves in     £350 + costs
   
Preparing and serving notices  
• Section 13 Notice:  £50

• Section 21 Notice: 

The service of S21 notice is included for our managed clients

£50
   
Meeting third parties for insurance claims        £120 per hour
Attending court 

£120 per hour
or £240 per hour for a Director

   
Making a payment outside the UK   £30
Making a same day payment in the UK £30
   
Interest on unpaid commission or other monies due at 4%
above Barclays Bank base rates
 

 

If you have any questions about our fees, please ask a member of staff

All fees and charges are shown inc VAT

Fine & Country Richmond Limited is a member of The Property Redress Scheme.
Fine & Country Richmond Limited has client money protection insurance provided by Propertymark.

 

Tenant Fees

Assured Shorthold Tenancy (AST)

Before you move in

Holding deposit (per tenancy)
Equivalent to one week’s rent, this will reserve the property for fourteen days to allow the relevant paperwork and referencing (including Right to Rent) for the tenancy to be completed. It will be retained if you withdraw your application or fail the referencing process (which includes providing false/misleading information) or fail to complete the tenancy agreement.

Deposit (if the rent is under £50,000 per annum)
Equivalent to five weeks rent. This will be protected in the Tenancy Deposit Scheme and will be returned in accordance with the terms of your tenancy agreement. This covers damages or defaults on the part of the tenant during the tenancy.

Deposit (if the rent is between £50,000 and £100,000 per annum)
Equivalent to six weeks rent. This will be protected in the Tenancy Deposit Scheme and will be returned in accordance with the terms of your tenancy agreement. This covers damages or defaults on the part of the tenant during the tenancy.

 

During your tenancy

Variation of contract (tenant’s request) £50 (inc.VAT) per agreed variation
To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.

Change of sharer (tenant’s request) £50 (inc.VAT) per replacement tenant or any reasonable costs incurred if higher
To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration aswell as the preparation and execution of new legal documents.

Early termination (tenant’s request)
Should the tenant wish to leave their contract early, they shall be liable to the landlords costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

 

Other fees and charges

Unpaid rent
Interest will be charged at 3% above the Bank of England base rate for rent that is unpaid for 14 days or more, charged for each day that it is outstanding. Please Note: This will not be levied until the rent is more than 14 days in arrears.

Lost key(s) or other security device(s)
Tenants are liable for the actual cost of replacing any lost keys or other security devices. If the loss results in locks needing to be changed, the
actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost keys or other security devices.

 

Fine & Country, Richmond: Client Money Protection (CMP) is provided by Independent Redress scheme Property Mark. To view our certificate, please click here.

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