Letting & Property Management
15% + VAT (18% inc VAT) of the agreed rent for the entire term, due in full at the commencement of the tenancy.
To include:
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Visit to your property to advise on the current market rent achievable
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Point of contact for the tenant
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Registration of the deposit with the Deposit Protection Scheme (TDS)
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Rent Collection and payment to the Landlord's designated account
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Quotations for maintenance works
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Instruct contractors to complete agreed maintenance works
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Arrange check-out for tenants
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Arrange return of deposit minus any applicable deductions
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Interim property visits at the Landlord's request
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Serve any relevant notice - eg Section 21
Management only:
5% + VAT (6% inc VAT) of the agreed rent for the entire term, due in full at the commencement of the tenancy.
Renewal fee:
8% + VAT (9.6% inc VAT) of the agreed rent for the entire term, due in full at the commencement of the tenancy. Please note that the annual Management fee will be in addition to the renewal fee if using our management service.
Short Let fee:
25% + VAT (30% inc VAT). Tenancies that extend beyond the initial term without a new tenancy agreement being signed will enter into a 'rolling' periodic tenancy. A 12-month fee will be due in accordance with the above fee breakdown.
Reference & Guarantor fee:
£35 + VAT (£42 inc VAT) per person
Each tenant entering into a tenancy will require a reference check - this includes a credit check and a 'Right to Rent' check. If applicable some tenants may require a guarantor check - someone suitable to guarantee the rent if the tenant's income does not meet the minimum required threshold. Total reference and guarantor fees payable will be displayed in your confirmation letter once the letting terms of your property are agreed
Inventory Check-in & Check-out fees and rates:
We recommend on every tenancy, that the landlord opts to have an inventory check-in and check-out carried out by an independent company. Depending on the size of your property and whether furnished or unfurnished, the rates range from £130 - £210 inclusive of VAT. A full price list is available upon request.
Tenancy Agreement Fee
£250 + VAT (£300 inc VAT)
Tenant Security Deposit
£45 + VAT (£54 inc VAT)
At the Landlord's discretion and authorisation a change of tenant name may be permitted - ie within a shared household. The Chant Group can complete this amendment including the new Tenancy Agreement (excluding reference, guarantor checks and inventory costs).
Additional expenses:
Your property may require a Landlord Gas Safety Certificate, an EICR, a Portable Appliance Test (PAT), an Energy Performance Certificate (EPC) and/or professional cleaning prior to a new tenancy. Please discuss with the Lettings team and they will advise you on what requirements must be met.
Code of Practice:
The Chant Group Ltd is a member of ARLA (propertymark) who is accredited with the Mayor's London Rental Standard. We work to strict guidelines set out by the leading governing body within the lettings industry.
The Chant Group Ltd is a member of TPO (The Property Ombudsman). As a member we subscribe to the TPO Code of Practice for Residential Lettings Agents.
Deposits taken for Managed properties are held in The Tenancy Deposit Scheme (TDS) in accordance with The Housing Act 2004 (England & Wales).
The Chant Group Ltd is a member of ICO who are the UK's independent authority set up to uphold information rights in the public interest, promoting openness by public bodies and data privacy for individuals.