Landlord Fees

Our Residential Sales & Lettings Department specialises in residential property throughout the Central and Greater London areas. Our Sales & Lettings team have a wide range of experience and extensive knowledge of the property market in London and are able to offer guidance on marketing and preparing your property for the Sales or Lettings market to achieve the best possible yields.

Landlords Fee Information – 1^st June 2019

Letting only – 12% + VAT of rent for the tenancy duration

• Discuss local market conditions
• Guide on preparing/dressing your property for letting
• Advise on up to date compliance and health & safety
• Land Registry Check
• Advertise the property and market on relevant portals
• Arrange and accompany viewings
• Collect, register and hold the deposit
• Ask tenants to set up rent payments and pass monies on
• Chase late rent payments
• Discuss renewal or termination
• Make any necessary HMRC deduction
• Tenant referencing cost – (Per person, Company or Guarantor) £50 +VAT
• Tenancy Agreement Fee -£150 +VAT
• Registration of Tenants deposit with My Deposits – £42 +VAT annually

Letting and Management – 16% + VAT of rent for the tenancy duration

• All the Letting Services above
• Deal with day to day management including repairs
• Give utility suppliers meter readings when the tenancy starts
• Hold funds on account and make necessary payments
• Organise the following legally required certificates; gas safety record, electrical safety tests, smoke and carbon monoxide alarms
• Carrying out regular property inspections
• Provide an emergency out of hours service
• Manage the end of tenancy process and deposit return
• Submission of non-resident landlords receipts to HMRC – £300 + VAT  (Annually) – 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)
• Inventory arrangement fee – No charge –  organising the inventory check in with an independent inventory clerk is carried out as part of our management service
• End of tenancy procedures and deposit return fee – £120 + VAT – Covering McGlashans’ role in organising the inventory check out with an independent inventory clerk, checking report & preparing the schedule of dilapidations, obtaining quotes where necessary and liaising & securing agreement between all parties (ASTs only).
• Check out cost – The cost of the inventory check out will be passed directly to the landlord from the inventory company used and is dependent on the size and content of the property (ASTs only).
• Arranging and obtaining the EPC – £90 +VAT  – includes the cost of the EPC