Additional Landlord Costs

 

Summary of Charges:

(all charges are inclusive of VAT unless otherwise stated)

 

Electrical Safety Check*		£200
Gas Safety Certificate*		£90 to £250
Landlord present:		£90
Landlord absent:		£180
Installation of carbon monoxide detector* (payable at the start of the tenancy)		£60
Presentation Service:		£86.40 at instruction + 10% (plus VAT) of total cost of service subject to a minimum fee of £360.
Furnishing the Property:		10% (plus VAT) of total cost subject to a minimum fee of £216.
Preparation and completion of new Tenancy Agreements: (payable at the start of the tenancy)		from £150
Increased charge for significant Tenancy Agreement Amendments:		£360
Preparation and completion of Tenancy renewals or extensions:		£100
Deposit Registration charge: * excludes VAT		Currently £23 and subject to change*
Preparation and submission of materials to TDS on deposit disputes		£288
Arrangement of deposit transfer at the end of tenancy where deposit not held by Glentree		£86.40
Miscellaneous Duties:
Serving of Notices:		£142
Payments to overseas accounts by CHAPS:		£23
Additional copies of statements:		£72 for up to 6 and £7.20 for each additional copy thereafter
Non Residents Landlord tax transfer to HMRC:		£144 per quarter
Courts and Tribunals appearance:		£216 per hour
General support and administration duties		£144 per hour
Managed Lettings – Exceptional Costs
Unless otherwise instructed in writing works under £500 (ex VAT) in value will be commissioned without consultation with the Landlord as part of standard management responsibility.
Works over £500 (ex VAT) :		10% (plus VAT) of total cost
Additional property visits:		(2 per year included in service) £120 per visit
Process of Insurance Claims:		10% of total claim (plus VAT) subject to minimum fee of £360 (plus VAT)
Key cutting:		£12
Charge for arranging contractors:		window cleaners, roofers, plumbers, electricians etc. £60
Letting Fees – consumer and professional* landlords		£115.20 per hour
Letting fees continue payable for as long as the tenant remains in the property, that is, during all renewals or extensions
Exclusive sole agency appointment		10.8% of the rental achieved
Example: for a 52 weeks’ letting at a gross rental of £1000 per week (£52,000 per year), the Letting Fee at 9 % will be £5,616 including VAT for the initial period.
Multiple agency appointment		13.2% of the rental achieved
Example: for a 52 weeks’ letting at a gross rental of £1000 per week (£52,000 per year), the Letting Fee at 11 % will be £6,864 including VAT for the initial period.

  

*Professional landlords attract additional contingent fees which are advised separately.

 

FEES CURRENT FROM JANUARY 2024