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 £750.00 + VAT
10.2% of the first years rent, incl VAT, subject to a minimum fee of £900.00 incl VAT
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
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 collecting the rent each month
10% of each months’ rent + VAT, for the duration of the tenancy, subject to a minimum fee of £1000.00 + VAT
12% of each months’ rent, including VAT for the duration of the tenancy, subject to a minimum fee of £1200.00 incl VAT
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 (For non-resident Landlords)
£35.00 + VAT per quarter
£42.00 incl VAT per quarter
Deposit Registration Fee
Included in Rent Collection Fee
Included in Rent Collection 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
12.5% of each months’ rent, plus VAT, for the duration of the tenancy, subject to a minimum fee of £1000.00 + VAT
15% of each months’ rent, including VAT for the duration of the tenancy, subject to a minimum fee of £1200.00 incl VAT
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 (For non-resident Landlords)
£35.00 + VAT per quarter
£42.00 incl VAT per quarter
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 – £75
£72.00 – £90
EPC
From £66.00
From £79.20
Electrical Safety Inspection
Varies according to the size of the property
Varies according to the size of the property