Landlord charges:

The following is a breakdown of our charges. Please speak to us for a personal quotation.

Tenant Finder Service

For experienced landlords that simply want us to use our marketing and resources to attract interest from quality tenants we will advertise the property extensively to attract interest from potential tenants, conduct viewings and negotiate terms from interested parties, reference the tenant to ensure suitability, complete the rental agreement, hold the deposit in a secure tenant deposit fund and hand the keys to the tenant on completion day at which point your contact details would be passed for ongoing communication with your tenant.

Fees payable are one month’s rent plus VAT. Payable upon completion of the tenancy agreements, in full before the tenant takes occupation.

Example – if the fee was equal to the monthly rental of £1000.00 the fee would be £1000.00.

Rent Collect Service

Market the property extensively to find a suitable tenant, reference the tenant to ensure suitability, complete the rental agreement, hold the deposit in a secure tenant deposit fund and administer the ongoing collection of the rent on your behalf, including chasing for late/non payment:

Initial administration fee for setting up the tenancy £300.

Monthly fee 6% plus vat for our rent collect service.

Example - monthly rental of £1,000 would cost £60.00 plus VAT (£72.00 including VAT) per month.

Full Management Service

Initial administration fee for setting up the tenancy £250.

For ultimate peace of mind our fully managed service is provided for 12% of monthly rent plus VAT.

Example - monthly rental of £1,000 would cost £120 plus VAT (£144.00 including VAT) per month.

Remember: should you encounter problems managing your own properties or with another agent you can switch to our fully managed service at any time including mid tenancy.

Re-let to Existing Tenant

£300.

Rent Guarantee Insurance

We would be delighted to provide you a personal quotation for rent guarantee insurance and detail the exact terms of cover.

Inventory

£200.

Energy Performance Certificate

£120.

Tenant charges:

Pet Deposit

Please note that there is no longer an additional sum payable with the deposit for tenants with pets however the landlord may wish to agree a higher rent level to consider potential wear and tear depending on the type of pet. If you wish to rent with a pet, please discuss this with your agent before you commit to a tenancy.

Deposit

The required deposit is a sum equal to 5 weeks rent calculated by the annual rent, divided by 52 (weeks in the year) x 5. (example - monthly rental of £1,000 the deposit would be £1153.85) .

Important:

Prices quoted include VAT unless otherwise stated. Fees detailed are the charges you will pay Love Homes.

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