Landlord Fees
Lettings Services
Letting only
10% + VAT (12% inc VAT) of the agreed rent for the entire term, due in full at the commencement of the tenancy.
To include:
• Visit your property and advice on the current market rent achievable
• Give advice how to optimise rent
• Provide information and advice on current legislation e.g. EICR, Gas Safety Certificate
• Provide professional photographs and floorplans
• Marketing of the property on Rightmove, PrimeLocation, Zoopla and The Chant Group website.
• We will negotiate the terms of the tenancy between tenant and Landlord
• Process tenant references
• Prepare a tenancy Agreement
• Collect one month rent in advance (further rent in advance may be applicable subject to tenant credentials) plus five weeks deposit
• Arrange an independent inventory clerk to prepare and check inventory (new tenancies only, cost available on request)
• Arrange safety certificates at your request (new tenancies only, costs available on request)
• Negotiate terms of the tenancy renewal
Letting & Property Management
15% + VAT (18% inc VAT) of the agreed rent for the entire term, due in full at the commencement of the tenancy.
To include:
• An initial visit to your property to advise on the current market rent achievable
• Act as the point of contact for the tenant
• Register the deposit with the Deposit Protection Scheme (TDS)
• Collect and pay rent to the Landlord’s designated account
• Arrange quotations for maintenance works
• Instruct contractors to complete agreed maintenance works
• Arrange check out for tenants
• Arrange return of deposit minus any applicable deductions
• At the Landlord’s request we can arrange interim property visits
• Serve any applicable notice e.g. Section 21
5% + VAT (6% inc VAT) of the agreed rent for the entire term, due in full at the commencement of the tenancy.
Renewal fee
8% + VAT (9.6% inc VAT) of the agreed rent for the entire term, due in full at the commencement of the tenancy. Please note that the annual Management fee will be in addition to the renewal fee if using our management service.
Short Let fee
25% +VAT (30% inc VAT)
For tenancies that extend beyond the initial term without a new tenancy agreement being signed will enter into a ‘rolling’ periodic tenancy. A 12-month fee will be due in accordance with the above fee breakdown..
£35 + VAT (42 inc VAT) per person
Each tenant entering into a tenancy will require one reference check – this includes a credit check and the ‘Right to Rent’ check. If applicable some tenants may require a guarantor check – someone suitable to guarantee the rent if the tenant’s income does not meet the minimum required threshold. Total reference and guarantor fees payable will be displayed in your confirmation letter once the letting terms of your property are agreed
Inventory, Check in & check out fees and rates
We recommend on every tenancy, that the landlord opts to have an inventory, check in and check out compiled by a 3rd party independent company. Depending on the size of your property and whether furnished or unfurnished, the rates range from £130 - £210 this price includes VAT. A full price list is available upon request
Tenancy Agreement Fee
£250 + VAT (£300 inc VAT)
£45 + VAT (£54 inc VAT)
At the Landlords discretion and authorisation a change of tenant name may be permitted i.e. within a shared household. The Chant Group can complete this amendment including the new Tenancy Agreement (excluding reference, guarantor checks and inventory costs)
Additional expenses
Your property may require a Landlord Gas Safety Certificate, an EICR, a Portable Appliance Test (PAT), an Energy Performance Certificate (EPC) and/or professional cleaning prior to a new tenancy – please discuss with the Lettings team and they will advise you on what requirements must be met
Code of Practice
The Chant Group Ltd is a member of ARLA(propertymark) who is accredited with the Mayor’s London Rental Standard. We work to strict guidelines as outlined by the leading governing body within the lettings industry.
The Chant Group Ltd is a member of TPO (The Property Ombudsman), as a member we subscribe to the TPO Code of Practice for Residential Lettings Agents.
Deposits taken for Managed properties are held in The Tenancy Deposit Scheme (TDS) in accordance with The Housing Act 2004 (England & Wales).