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 £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

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