| 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. |
