Tenancy agreement fee
Drawing up the tenancy agreement and issuing the relevant paperwork.
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£240 (excl. VAT) | £288 ( inc. VAT).
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Reference fee
Processing the application and referencing (ASTs only).
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£50 (plus VAT) | £60 (inc VAT) - per tenant.
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Permitted occupant check fee
We must check every occupant over 18 has the legal right to rent in the UK (ASTs only).
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£25 (plus VAT) | £30 (inc VAT) - per occupant over 18.
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Guarantor fee
Processing the application and referencing (ASTs only).
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£40 (plus VAT) | £48 (inc VAT) - per guarantor (if required).
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Deposit Registration Fee
Registering landlord and tenant details and protecting the deposit with the Deposit Protection Service (ASTs only).
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£50 (plus VAT) | £60 (inc VAT)
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Inventory arrangement fee
which is dependent on size and content of the property.
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£50 (excl. VAT) | £60 (inc. VAT) - plus the inventory company charge,
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Inventory cost
the cost of the inventory and check in will be passed directly to the landlord from the inventory company used, dependant on the size and content of the property.
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Contractor costs - dependant on the size and content of the property.
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Check out arrangement fee
Covering Knights Property’s role in organising the check out and, where applicable, preparing the schedule of dilapidations, liaising between you and your tenant and making recommendations (ASTs only).
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£60 (excl. VAT) | £72 (inc. VAT).
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Check out cost
the cost of the check out will be passed directly to the landlord from the inventory company used and is dependant on the size and content of the property (ASTs only).
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Contractor costs - dependant on the size and content of the property.
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Sale of the property to the tenant
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2% ( excl. VAT) of the sale price | 2.4% of the sale price (inc. VAT).
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Letting service renewal commission fee
review rent in accordance with the market and advise the landlord, negotiate and agree the renewal, ongoing rent collection, credit control and accountancy.
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£100 (excl. VAT) | £120 (inc. VAT).
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Fully managed renewal commission fee
Review rent in accordance with the market and advise the landlord, negotiate and agree the renewal, continuation of fully managed service.
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£150 (excl. VAT) | £180 (inc. VAT).
If the renewal is agreed at £1,200 per month for a further 12 months, the fee calculated shall be 13.2% (inc. VAT) of the total rent for the 12 months, so the fee will be £1,900.80 (inc. VAT).
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Additional property visits
to attend as necessary for specific requests such as to monitor the tenancy or any maintenance-linked visit.
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£100 (excl. VAT) | £120 (inc. VAT) - per visit.
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Submission of non-resident landlords receipts to HMRC
to remit and balance the financial return to HMRC quarterly and respond to any specific query relating to the return from the landlord or HMRC.
Make any HMRC deduction and provide landlord with the NRL6 (if relevant).
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£450 (excl. VAT) | £540 (inc. VAT) - annually.
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Arrangement fee for refurbishments over and above day to day management (if managed)
Arranging access and assessing costs with contractor, ensuring work has been carried out in accordance with the specification of works, retaining any warranty or guarantee as a result of any works.
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10% (excl. VAT) | 12% (inc. VAT) - of net cost (minimum fee of £180 including VAT).
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Vacant Property Service (if instructed)
visit to the property once a month or more frequently if agreed and maintain utility bill accounts as instructed.
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£175 (excl. VAT) | £210 (inc. VAT) - per visit.
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Court attendance
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£250 (excl. VAT) | £300 (inc. VAT) - per hour.
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Obtaining consents
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£70 (excl. VAT) | £84 (inc. VAT) - per document.
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Arranging and obtaining the EPC
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£125 (excl. VAT) | £150 (inc. VAT) - includes the cost of the EPC.
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Deposit transfer
for the transfer of a deposit to another party during the
tenancy.
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£100 (excl. VAT) | £120 (inc. VAT).
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