Landlord Fees

The following is a breakdown of fees normally charged to Landlords by M & M Property

For a Let Only Service

Exclusive of VAT

Inclusive of VAT

For marketing the property, carrying out viewings at the property, sourcing tenants for the property and processing the tenancy

8.5% of the first years rent, + VAT. Subject to a minimum fee of £450.00 + VAT

10.2% of the first years rent, incl VAT, subject to a minimum fee of £540.00 incl

Renewal Fees

5% of the second years rent + VAT reducing to 3.75% of the annual rent in year 3 and each subsequent year thereafter

6% of the second years rent + VAT and 4.5% of the annual rent  in year 3 and each subsequent year thereafter

For drawing up the Tenancy Agreement

£39.95

£47.94

Deposit Registration Fee

Included in Let Only Fee

Included in Let Only Fee

For a Let-Only with Rent Collection Service

Exclusive of VAT

Inclusive of VAT

For marketing the property, carrying out viewings at the property, sourcing tenants for the property and processing the tenancy

8.5% of the first years rent + VAT. Subject to a minimum fee of £450.00

10.2% of the first years rent, incl VAT. subject to a minimum fee of £540.00

Renewal Fees

5% of the second years rent + VAT reducing to 3.75% of the annual rent in year 3 and each subsequent year thereafter

6% of the second years rent + VAT and 4.5% of the annual rent  in year 3 and each subsequent year thereafter

For drawing up the Tenancy Agreement

£39.95 + VAT

£47.94 incl VAT

Rent Collection Fee

2.5% of each months’ rent, plus VAT for the duration of the tenancy.

3% of each months’ rent, including VAT for the duration of the tenancy.

Deposit Registration Fee

Included in Let Only Fee

Included in Let Only Fee

For a Full Management Service

Exclusive of VAT

Inclusive of VAT

For marketing the property, carrying out viewings at the property, sourcing tenants for the property, collecting the rent each month and handling the day to day management of the property

15% of each months’ rent, plus VAT,  for the duration of the tenancy

18% of each months’ rent, including VAT for the duration of the tenancy

For Setting up the tenancy and for drawing up the Tenancy Agreement

£250.00 + VAT

£300.00 incl VAT

For filing a quarterly return to HMRC

£25.00 + VAT

£30.00 incl VAT

Deposit Registration Fee

Included in Management Fee

Included in Management Fee

Miscellaneous (3rd party Charges)

Exclusive of VAT

Inclusive of VAT

Inventory/Check-In

Varies according to the size of  the property

Varies according to the size of  the property

Gas safety inspection

£60.00

£72.00

EPC

£66.00

£69.20

Electrical Safety Inspection

Varies according to the size of the property

Varies according to the size of the property

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