UK Lettings Services and Fees
At Chestertons we pride ourselves on being upfront about our fees, so you know right from the outset exactly what you will be paying for.
Please find below a comprehensive list of our letting fees and charges for landlords. Should you require clarification of any of the following information, do not hesitate to speak with a member of your local lettings branch. Also note that all our fees are inclusive of VAT unless otherwise stated.
Landlord Charges
Lettings Services | |
Letting & Rent Collection | 11% plus VAT (i.e. 13.2%) of the agreed rent for the entire term due in full at the commencement of the tenancy. Subject to a minimum fee of £1,500. |
Letting & Property Management | 17% plus VAT (i.e. 20.4%) of agreed Rent payable; Of which 11% plus VAT (i.e. 13.2%) Letting and Rent Collection Fee, which is due in full at the commencement of the Tenancy for the entire initial term, and 6% plus VAT (i.e. 7.2%) property management Fee, which is due monthly or according to the agreed Rent period. Subject to a minimum Fee of £2,400 inclusive of the Letting and Rent Collection and Property Management Fees. |
Short Letting (inclusive of Property Management) | 26% plus VAT (i.e. 31.2%) of the agreed rent for the entire term and any renewal / extension due in full at the commencement of the tenancy and renewal / extension. Subject to a minimum fee of £1,500. |
Property Management Only (includes rent collection) | 6% plus VAT (i.e. 7.2%) of the agreed Rent payable for the entire term and any Renewal/ Extension due monthly or according to the agreed Rent period. Subject to a minimum fee of £900. |
Renewal commission fee | 10% plus VAT (i.e. 12%) of agreed rent for the total rent reserved under the terms of the tenancy together with property management commission if applicable. |
Vacant Property Care | £250 plus VAT (i.e. £300) per month. Subject to a minimum fee of £300. |
Agreement and Arrangement fees(Applies to all service levels) | |
New Tenancy Agreement fee | £300 plus VAT (i.e. £360) |
Tenancy Renewal Agreement fee | £150 plus VAT (i.e. £180) |
Referencing Fee | £50 plus VAT (i.e. £60) is payable in respect of each reference conducted for each individual tenant, occupant or guarantor per tenancy. (Where the Letting & Property Management service is taken at 17% plus VAT (i.e. 20.4%) of the agreed rent payable, 2 reference checks will be included at no extra cost.) |
Deposit Registration fee | £60 plus VAT (i.e. £72) per annum. Subject to a minimum fee of £72. |
Inventory Fees | The cost of an inventory make, check in and/or check out inspection is dependent upon the size of the property, usually between £125 - £275 plus VAT per report and/or inspection. |
Gas Safety Check arrangement fee | £50 plus VAT (i.e. £60) plus the cost of the safety check and cost of a gas boiler service for fully managed properties. (Where the Letting & Property Management service is taken at 17% plus VAT (i.e. 20.4%) of the agreed rent payable, no arrangement fee will be charged in respect of Gas Safety checks.) |
Portable Appliance Test (PAT) arrangement fee | £50 plus VAT (i.e. £60) plus the cost of the test |
Fixed Electrical Wiring Test arrangement fee | £50 plus VAT (i.e. £60) plus the cost of the test |
EPC arrangement fee | £50 plus VAT (i.e. £60) plus the cost of the EPC |
Legionnaires Assessment arrangement fee | £50 plus VAT (i.e. £60) plus the cost of the assessment |
Smoke and Carbon Monoxide Alarms Installation Arrangement Fee | £50 plus VAT (i.e. £60) plus the cost of the alarm(s) and installation. |
Paperwork to be prepared and submitted to the TDS | £200 plus VAT (i.e. £240) per dispute |
Deposit Dispute Copy Documentation Fee | £50 plus VAT (i.e. £60) per copy |
HMO, Additional or Selective Licence Application Handling Fee | £500 plus VAT (i.e. £600) per application |
Property Visits required to complete the licensing application process | £80 plus VAT (i.e. £96) per visit required |
Right to rent re-check fee | £250 plus VAT (i.e. £300) per check (Where the Letting & Property Management service is taken at 17% plus VAT (i.e. 20.4%) of the agreed rent payable, the right to rent re-check will be included at no extra cost.) |
Furnishing The Property | Administration fee of 10% plus VAT (i.e. 12%) of total net VAT costs. Subject to minimum fee of £250 |
Presentation Service | £60 plus VAT (i.e. £72) payable upon instruction & an administration fee of 10% plus VAT (i.e. 12%) of the total expenditure. Subject to a minimum charge of £250 plus VAT (i.e. £300) |
Chestertons Protect | |
Chestertons Protect Subject to a maximum rental of £10,000 per calendar month. (Subject to separate terms of business) | The fee is based on the gross monthly rent as agreed in the tenancy agreement: |
Miscellaneous Charges | |
Cancellation Fee | £500 plus VAT (i.e. £600) |
Anti-Money Laundering and Identification Checking Fee | £15 plus VAT (i.e. £18) per check |
Overdue fees | Subject to Interest of 5% over the base lending rate of National Westminster Bank calculated on a daily basis from the day due until payment in full is made. |
Deposit Transfer administration fee | £60 plus VAT (i.e. £72) per transfer |
Additional copy statements | £50 plus VAT (i.e. £60) for a maximum of 6 statements & £5 plus VAT (i.e. £6) per additional statement |
Transfer of funds to HMRC on behalf of Non-resident Landlords | £100 plus VAT (i.e. £120) per quarter |
Same day payments and payments to overseas accounts. | £20 plus VAT (i.e. £24) per payment |
Miscellaneous Duties (Waiting at the property, arranging key cutting etc.) | £80 plus VAT (i.e. £96) per hour. |
Serving of Notices | £150 plus VAT (i.e. £180) per notice. |
Courts and Tribunals appearance | £150 plus VAT (i.e. £180) per hour. |
Works over £750 | Subject to 10% plus VAT (i.e. 12%) arrangement fee of total net VAT cost. |
Applicable to the Fully Managed Service | |
Works under £750 | Will be instructed without consultation with the Landlord unless otherwise instructed in writing. |
Additional copy CDM reports | £50 plus VAT (i.e. £60) for each additional CDM report (excludes the first report provided) |
Additional Property Visits (2 per year included in service) | £80 plus VAT (i.e. £96) per visit. |
Working balance for a Managed Tenancy | If the Tenancy is fully managed, a working balance will be required at the start of the tenancy, usually between £750 and £1000. |
For clarification on any charges referred to herein, please contact us. | |
Additional Information | |
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