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Landlords Charges-
Landlord Charges
Section 83 of The Consumer Rights Act 2015 refers to the provision of Letting and Managing Agent's fees, charges and/or penalties and is intended to create full transparency to enable consumers (both landlords and tenants) to ascertain exactly how much they will be required to pay before they enter into any form of contract or agreement. This is not always straight forward as there are many aspects of our service and some landlords have specific requirements. However, we set out below our standard charges.
Letting Service fees -
Lettings and Property Management - 18% of rent (15% plus VAT)
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Extensions or Renewals - 12% of rent (10% plus VAT)
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Lettings and Rent Collection - 12% of rent (10% plus VAT)
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Extensions or Renewals - 10% of rent (8.34% plus VAT)
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Lettings Only - 11% of rent (9.16% plus VAT) Extensions or
Renewals - 9% of rent (7.5% plus VAT)
Please Note - Lettings Only Fees, Rent Collection Fees and Management Fees are payable for the whole initial letting period in advance and all extensions, renewals, hold overs, new agreements and periodic tenancies during which a tenant introduced by us occupies the Property; or:
a person or company introduced by a tenant introduced by us occupies the Property; or:
a person associated with a tenant introduced by us occupies the Property - see clause 7.2.7 of the Lettings and Management Terms overleaf for the meaning of "associated"; or:
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- a tenant introduced by us occupies any other property let by you.
- Propertymark Client Money Protection Scheme Ref: C0014148
- a tenant introduced by us occupies any other property let by you.
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Go to www.hotblackdesiato.co.uk to see our Terms and Conditions
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