Landlord fees

Ongoing services

Let & Rent Collect Service
10% including VAT
Renewal or continuation fee reduces lowers by 2% each year as shown below;
First year 10% including VAT
Second year 8% including VAT, third 6% including VAT, fourth year 4% including VAT

Management Service
15% including VAT
Renewal or continuation fee 10% including VAT

Where we take over the management of an existing tenancy, fees may be adjusted to reflect the reduced setup requirements, typically from 5% including VAT.

The management fee reflects the level of involvement and only one rate applies to a tenancy.

A minimum fee of £2,000 including VAT applies to the above services, or the equivalent of six months’ commission, whichever is greater, even if not negotiated by Fine Living.

Additional services

Submission of property licence
£450 plus VAT per licence

Visits during a void period (typically one every two weeks)
£100 plus VAT per visit

Refurbishment works
12% including VAT of the final invoice

Sales commission if tenant purchases the property
1.5% including VAT of the purchase price

Preparation of documentation for court proceedings or TDS adjudication
£100 plus VAT per hour

Court and tribunal attendance
£150 plus VAT per hour, plus reasonable costs and expenses of Fine Living

Valuations for mortgage purposes
£150 plus VAT per property

Ad hoc paperwork; Non-APT tenancy agreements, notices
£150 plus VAT per document

Initial letting (per tenancy)

Tenancy Setup Charge
2.4% including VAT, subject to a minimum fee of £495 plus VAT

This applies only where a tenancy is being set up and is not part of ongoing management fees.