Charges to Landlords

Initial commission for Letting Service only
 

Where you instruct us to let your property and we introduce a tenant who enters into an Agreement to let from you, then our commission will be as follows:

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• Where the term of the tenancy is more than 6 months -10%

• Where the term of the tenancy is less than 6 months - 18%

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The commission is calculated as a percentage of the total rent payable under the Tenancy Agreement, over the whole of the agreed term.

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The commission is payable at the commencement of the tenancy.

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Renewal Fees
 

Where the parties agree to a renewal, extension end/or enter into a new Agreement relating to the tenancy, a renewal fee of 5% is payable. This is calculated as a percentage of the total rent payable under the Tenancy Agreement, over the whole of the agreed term.

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The commission is payable on the commencement of each Renewal or Extension.

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Letting and Rent Collection Service
 

Where you instruct us to let your property and thereafter to collect the rent on your behalf, then our fee will total 12.5% (calculated as above) which includes:

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• The Initial Commission described above in section ‘Initial Commission for Letting Service only’ and payable as above in section ‘Initial Commission for Letting Service only’.

• Our Rent Collection fees which are payable monthly from rent collected by us on your behalf.

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The above fees and commission will also be payable upon renewal or extension of a tenancy where we continue to thereafter collect rent.

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Letting and Full Management Service
 

Where you instruct us to let your property and to thereafter manage it for you, our fees will total 15% (calculated as above) which include:

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• the Initial Commission described in paragraph 1. (and payable as in paragraph 1.)

• our Management fees which are payable monthly from rent collected by us on your behalf.

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The above fees and commission will also be payable upon any renewal or extension of a tenancy where we are to continue to manage your property.

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Landlords Resident Outside the UK
 

Where you are resident outside of the UK and:

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• we are collecting rent on your behalf

• we are obliged by law or otherwise to deal with the deduction and payment and accounting of tax on those rents on your behalf then our fee for the above is £120.

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This is in addition to commission and fees payable under paragraphs 2 or 3 above and is payable on completion of such accounts.

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Additional Property Inspections
 

Our Management Service will include two inspections of your property by us per year.

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Where we are required to inspect it in addition to the above (except for the purpose of letting it) our fee to do so is £ 85 for each such inspection.

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Deposit Protection
 

Tenants’ deposits will be held by us in a special account and registered on your behalf under the provisions of the scheme operated by Tenancy Deposit Solutions Limited (mydeposits.co.uk). Our fee for dealing with registration is £ 110.

On renewal of a tenancy by/to an existing tenant, we will re-register the deposit. Our fee for re-registering is £80.

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Inventory and Check in Fees

 

C.P. Papas to organise inventory & check in for landlord

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• Studio Unfurnished £110 Furnished £120.

• 1 bed Unfurnished £110 Furnished £120

• 2 bedroom Unfurnished £120 Furnished £135

• 3 bedroom Unfurnished £135 Furnished £155

• 4 bedroom Unfurnished £155 Furnished £175

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VAT
 

All commissions and fees mentioned above are inclusive of VAT.