Policy Landlord Fees

Landlord Fee Policies

At Estate Agents Ilford, our Landlord Fee Policies offer a clear and transparent breakdown of all costs involved in renting out your property.

LANDLORD FEES SCHEDULE

Let intro

Rent collection

Full management

12% of rent (inc. VAT)

12% of rent (inc. VAT)

15% of rent (inc. VAT)

Advising as to the likely rental income

Guiding compliance with statutory provisions and letting consents

Advising on refurbishment requirements

Advising on non-resident tax status and HMRC (if relevant)

Advertising and generally marketing the Property

Interviewing prospective tenants

Negotiating the terms of the tenancy

Carrying out accompanied viewings

Collecting and remitting initial months’ rent

Providing tenants with a method of payment

Deducting any pre-tenancy invoices

Making any HMRC deductions

Taking a security deposit from the tenant which is to be held in accordance with current legislation

Demanding, collecting, and remitting the monthly rent

Pursue non-payment of rent and provide advice on rent arrears actions

Making payments on behalf of the Landlord from rents received for costs in managing the property

Inspecting the Property on a regular basis, not less often than once every six months

Arranging routine repairs or maintenance obtaining estimates where necessary, supervising works and settling accounts from rents

Holding keys throughout the tenancy term

Landlord Fees Schedule
Additional Non-Optional Fees And Charges

Start Of Tenancy Fees

Inventory report cost at the commencement of tenancy

The cost of the inventory report at the commencement of the tenancy will vary depending on the number of bedrooms. For a studio/one-bedroom apartment, the cost is £96 (including VAT), while a four-bedroom property is priced at £144 (including VAT). For larger properties, the independent inventory clerk will provide a personalized quote on an individual basis. Please be aware that suppliers’ prices may differ, and if a property has extra rooms or excessively furnished rooms, additional charges may be applied by the suppliers. These costs form part of the overall Tenancy Fees that tenants may be required to pay at the start of or during their tenancy.

Inventory report cost at commencement of tenancy
Check out cost

End Of Tenancy Fees

Check out the cost

The cost of the inventory report at the beginning of the tenancy will depend on the number of bedrooms. It ranges from £96 (including VAT) for a studio/one-bedroom apartment to £144 (including VAT) for a four-bedroom property. Larger properties will receive an individual quote from the independent inventory clerk. It’s important to note that suppliers’ prices may vary. If a property has extra rooms or rooms that are excessively furnished, suppliers are likely to apply additional charges.