Landlord Fees

Fees for residential management and/or tenancy creation

We are upfront about our charges so you know exactly what you are paying for.

The charges you pay as a landlord may depend on the type of property you are letting, but we have provided a comprehensive breakdown of the fixed charges to give you an idea of what you can expect.

Client Money Handling Procedure

Full Managed Service Agreement

Our service includes 

  • The appropriate marketing of your property.
  • Arranging viewings of the property with prospective tenants.
  • Referencing potential tenants.
  • Preparing a tenancy agreement.
  • Preparing an inventory and schedule of condition of the Property.
  • Checking the tenant into the property and agreeing the inventory and schedule of condition of the property with the tenant.
  • Checking the tenant out of the property to agree the inventory and schedule of condition and assess any dilapidations.
  • Obtain a deposit from the tenant and hold it as stakeholder under the terms of the Tenancy Deposit Scheme (TDS) for the duration of the tenancy.
  • Paying rent received by the tenant to the landlord once a month.
  • Providing the landlord with a statement of income and expenditure once a month.
  • Arrange routine repairs.
  • Advising utility companies and council tax authority about change of occupiers.

Monthly Residential Management Fee

15% + vat (18%) of the gross rent payable under the terms of the tenancy

Additional Non-Optional Fees and Charges 

  • A setup fee of £499 inclusive of VAT for the above services.
  • Tenancy renewal fee of £90 inclusive of VAT for the creation of second and subsequent tenancies.
  • An annual charge of £75.00 inclusive of VAT shall be charged for the service of renewing the protection of the deposit monies with the Tenancy Deposit Scheme (TDS), this fee will not vary whatever the rental income.

Optional Charges

For the negotiation of insurance claims, if required in excess of £2000, 3% inclusive of VAT of the value of the claim.

J W Wood can arrange for an Energy Performance Certificate to be prepared for your property at a cost of £102 inclusive of VAT.

If you have any questions on our fees, please ask a member of our staff. Independent Redress is provided by: The Property Ombudsman (TPO).

 

Tenant Find Service

8.5% inclusive of VAT of the annual rent payable under the terms of the tenancy, subject to additional non optional fees & charges and a minimum fee of £499 inclusive of VAT.

Our service includes;

  • The appropriate marketing of your property.
  • Arranging viewings of the property with prospective tenants
  • Referencing potential tenants.
  • Preparing a tenancy agreement.
  • Preparing an inventory and schedule of condition of the property.
  • Checking the tenant into the property and agreeing the inventory and schedule of condition of the property with the tenant.
  • Checking the tenant out of the property to agree the inventory and schedule of condition and assess any dilapidations.
  • Obtain a deposit from the tenant and hold it as stakeholder under the terms of the Tenancy Deposit Scheme (TDS) for the duration of the tenancy.

Additional Non-Optional Fees and Charges 

  • £75.00 inclusive of VAT per tenancy for the cost of obtaining references for the potential tenant/s, this fee will not vary whatever the rental income, if the potential tenant/s fail the referencing procedure, there will be no charge.
  • An annual charge of £75 inclusive of VAT shall be charged for the registering of the deposit in the TDS and to initial provide the tenant with the Deposit Certificate and Prescribed Information within 30 days of the commencement of the tenancy.
  • £90 inclusive of VAT for the service of renewing a Tenancy Agreement with an existing tenant.

If you have any questions on our fees, please ask a member of our staff.


Optional Charges

J W Wood can arrange for an Energy Performance Certificate to be prepared for your property at a cost of £102 inclusive of VAT.

If you have any questions on our fees, please ask a member of our staff.

Independent Redress is provided by: The Property Ombudsman (TPO).

RICS Client Money Protection Scheme 

Click here to view our certificate

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