Landlord Fees

Fees Notice

Below is the schedule of fees you can expect to pay as a landlord when you let your property through Berkeleys.

Fees are only due if Berkeleys successfully finds and moves a tenant into your property. All services are subject to fees stated under the Tenant Find Only service, in addition to any other service agreed.

Step 1 – Choose your service

Services offered

All levels of service include

• Agree on the market rent and find and reference a tenant in accordance with landlord guidelines.
• High-quality photographs.
• Advice on refurbishment.
• Provide guidance on compliance with statutory provisions and letting consents.
• Carry out accompanied viewings.
• Market the property and advertise on relevant portals.
• Erect board outside property in accordance with Town & Country Planning Act 1990.
• Advise on non-resident tax status and HMRC (if required).

Tenants find only service – The greater of 60% of the first month's rent (inc. VAT), or £594

• Collect and remit initial months’ rent received.
• Provide tenants with a method of payment.
• Deduct any pre-tenancy invoices.
• Make any HMRC deduction and provide tenants with the NRL8 (if relevant).
• Final statement.
  

Rent collection service – 8.4% (inc. VAT)

• Collect and remit rent received.
• Prompt collection of rent.
• Prompt chasing of unpaid rent.
• Make any HMRC deduction.
• Rental statements.
  

Fully managed service – 12% (inc. VAT)

• Collect and remit rent received.
• Prompt collection of rent.
• Prompt chasing of unpaid rent.
• Pursue non-payment of rent and provide advice on rent arrears actions.
• Make any HMRC deduction.
• Deduct commission and other works.
• Rental statements.
• Legal notices served if required.
• Advise on all utility providers of changes.
• Undertake bi-annual inspections, and notify the landlord of the outcome.
• Arrange routine repairs and instruct approved contractors.
• Hold keys throughout the tenancy term.

Residential property £420

Student/H.M.O property £720 - 50% payable when tenancy signed (invoiced), remaining 50% upon move in (deducted from first month’s rent).

Basic

Tenant Find 60% of the first months' rent, subject to a minimum fee of £540.

HMO Tenant Find 60% of the first months' rent, subject to a minimum fee of £1200.

AML
As part of our legal compliance proceedures we need to conduct landlord AML checks on all instructions and there is an administration charge of £6pcm will be applied to all tenancies, or £72 in advance.

Rent Protection

Step 2 – Choose your pre-tenancy extras

Referencing (optional)
Credit Check (Including Right to Rent Check) - £30
Referencing Costs (Including Right to Rent Check) – Per Tenant - £72
Guarantor Reference (Including Deed of Guarantee) – Per Applicant - £42
Company Referencing - £120

Inventories and Checkouts

Quotes on application

For a full list of our additional fees, please click here.

If you have any questions, don’t hesitate to get in touch.

Customer Information - Client Money Protection & Redress Scheme

Berkeleys Estate Agents is a member of ARLA Propertymark, and the Propertymark Client Money Protection (CMP) Scheme, you can find the Propertymark Conduct and Membership Rules here : https://www.propertymark.co.uk/working-in-the-industry/member-requirements/.

Our CMP membership certificate can be downloaded here.

Berkeleys Estate Agents is also a member of the Property Redress Scheme (PRS) - Registration Number - PRS001655.