Landlord charges

What we charge you depends a lot on what kind of property you're letting. But here is a breakdown of all our charges to give you an idea of what to expect.

Your local office will talk you through these Terms of Business, the services we offer and what the relevant fees are for you.

 

 

Letting, Renewal & Rent Receipt: 12.5% + VAT (15% inc VAT)* of rent for the term including any renewal

  • Find a tenant in line with the landlord guidelines
  • Discuss local market conditions
  • Advise on preparation of the property for letting
  • Provide guidance on compliance and health & safety
  • Erect board outside property
  • Market the property and advertise on relevant portals
  • Carry out accompanied viewings
  • Collect & hold the deposit as stakeholder
  • Provide tenant with method of payment, remit rent as received
  • Deduct commission and any pre-tenancy invoices
  • Make any necessary HMRC deduction
  • Operate rent arrears process should rent not be received
  • Prior to the end of tenancy, discuss renewal or termination

* Minimum Fee London Region £1500 + VAT (£1800 inc VAT)

* Minimum Fee Other Regions £1000 + VAT (£1200 inc VAT)

 

Letting, Renewal, Rent Receipt & Management: 17% + VAT (20.4% inc VAT)* of rent for the term including any renewal

  • In addition to the Letting, Renewal & Rent Receipt service;
  • Arrange routine repairs and instruct approved contractors
  • Liaise with utility suppliers
  • Hold keys throughout the tenancy
  • Retain a working fund and deal with day to day management
  • Approve supplier invoices
  • Arrange Gas Safety Record, Electrical Reports, Portable Appliance testing, Smoke & Carbon Monoxide Alarms where required
  • Carry out a property visit at least once per year
  • Provide an emergency out of hours service
  • Deposit negotiations

* Minimum Fee London Region £2,500 + VAT (£3,000 inc VAT)

* Minimum Fee Other Regions £2,000 + VAT (£2,400 inc VAT)

 

Short Lets (three months or less):

Letting, Renewal & Rent Receipt: 20% + VAT (24% inc VAT) of rent

Letting, Renewal, Rent Receipt & Management: 25% + VAT (30% inc VAT) of rent

Management only service

 

Handover £500: + VAT (£600 inc VAT)

Fees for the term including renewal 6% + VAT (7.2% inc VAT)

* Minimum Fee £1800 (inc VAT)

 

Vacant management

Dependent upon landlord requirements

a minimum of £100 + VAT (£120 inc VAT) per month

Vacant management works fee

10% + VAT (12% inc VAT) of net cost

Post purchase pre let

  • Visual check and if new build liaise with surveyor re snagging: £500 + VAT (£600 inc VAT) plus travel expenses

Sale of Property Fee

2% + VAT (2.4% inc VAT) of the agreed sale price

 

Additional optional and non-optional fees

Fee excl. VAT

Fee inc. VAT

Tenancy paperwork fee (landlords share) £205 £246
Land registry fee £4 £4.80
Deposit registration fee (per annum) £25 £30
Inventory 'make' fee e.g. three-bed unfurnished £200 £240
Inventory 'check in' e.g. three-bed unfurnished £150 £180
Inventory arrangement fee
(included with management service)
£50 per appointment £60 per appointment
Additional property visits £83.33 £100
Quarterly return to HMRC £100 quarterly £120 quarterly
Copy statements £25 per copy £30 per copy
Arrangement fee for works or refurbishment over £1000 12% of net cost 14.4% of net cost
Insurance claims £100 per hour £120 per hour
Tenancy renewal fee (landlords share) £100 £120
Abortive tenancy fee £291.70 plus out
of pocket costs
£350 plus out
of pocket costs
Service of notices:
Serve Section 13 Notice
Serve Section 21 Notice (included with
management service)
Court attendance
Court attendance (Director)
Interest on unpaid commission or other monies

£41.70
£41.70

£100 per hour
£200 per hour
4% above the base rate
of Barclays Bank PLC

£50
£50

£120 per hour
£240 per hour

 

How can we help?

 

Can we help?

Have a question? Get in touch.

Key contacts

Theresa Wallace

Theresa Wallace

Head of Lettings Customer Relations

Savills One Church Road

+44 (0) 20 8018 7015

+44 (0) 20 8018 7015

 

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