Landlord Charges – Fully Managed Service

Charges Price
Set Up Fee. An initial letting fee 70% of the rent subject to a min of £550.00 £495.
Monthly Fee. A monthly management fee equivalent of each month’s rent (subject to a minimum of £50.00), and for full management including rent protection. 10% – 13% (percentage of monthly rent).
Referencing Fees. One tenant. £40.
Two tenants. £80.
Three tenants. £110.
Three or more tenants. £170.
Guarantor fee. £40.
Inventory Fee. A maximum fee will be charged for a detailed inventory and schedule of condition of the property to be done by a professional external company. The exact fee depends on the property’s size and furnishings so will be confirmed upon valuation. £140.
TDS Registration Fee. A fee will be charged for Trading Places to hold and protect the tenancy deposit under the terms and conditions of the Tenancy Deposit Scheme. £40 per year.
Renewal Fee. For the extension of tenancies, whether negotiated by Trading Places, an administration fee is payable. £150.
Withdrawal Fee. A withdrawal fee equivalent to one month’s rent will be payable if the owner withdraws instructions to let a property after a completed application has been received. One months rent.
Check-out Fee. A fee will be charged for a detailed check out report to be done at the end of a tenancy. The exact fee depends on the property’s size and furnishings so will be confirmed upon valuation. TBC.
Deposit Dispute. A fee will be charged for Trading Places to help resolve any dispute relating to the return of the deposit at the end of the tenancy. £200.
Statutory Notice. A fee will be charged for Trading Places to serve any statutory notices on the landlord’s behalf. This administration fee is per notice. £25.
Court Appearances. If Trading Places are to make any court appearances on the landlord’s behalf, a fee per appearance will be payable. £100.
Management Takeover Fee. A fee will be charged for Trading Places to take over a management service from another agent. £300.
Gas Safety Inspection. The Gas Safety (Installation and Use) Regulations 1998 state that all rented properties with a gas supply must have a valid gas safety certificate at the commencement of and throughout the tenancy and must be tested for gas safety on an annual basis. Trading Places appoint a Gas Safe Engineer to do the inspection, which includes the testing of any carbon monoxide detectors and/or smoke alarms in the property. The fee also covers arranging access, retaining the certificate and forwarding it to the tenant. £70.
EPC. To instruct a Domestic Energy Assessor to provide an Energy Performance Certificate. £70.
Smoke/Carbon Monoxide Alarms. To arrange for an engineer to install smoke/carbon monoxide alarms. £35.
Legionella Risk Assessment. To arrange a legionella risk assessment. £100.
Additional Contractor Quote. If more than 2 quotes are required by the Landlord Trading Places will charge a fee for each additional quote. £25.
Statement. Providing copy of monthly statement by post. £20.
Annual Statement. Providing an annual statement for tax assessment by post or email. £35.
Download our Fully Managed Service Charges Leaflet

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