Landlord Fees

“We aim to make the process as smooth as possible and as simple as it can be.”

Fees for Landlords

MANAGEMENT & LETTINGS SERVICES – OPTIONS & FEES

 

Why choose DM&Co to Let & Manage your Investment Property?

Considerable Time Saving, Expertly Implemented, Finest Tenants, Highest Rents, Minimal voids and expenses, and All Regulations Complied with.

From the Lettings Only Basic Package to our Most Popular Platinum Management Package, DM&Co consistently provides a Professional, Personable, Bespoke Service.

 For Simplicity, combining our most popular packages, the Premium Lettings Package with the Platinum Complete Management Package, provides you with a fully comprehensive Lettings and Management Service

Basic* Lettings Only Package                                                           
7.5% plus Vat
Includes 

  • Finding Very Suitable Tenants to Rent your Property

*Additional Fees: Tenancy Agreement, Deposit Lodging, Referencing/Credit Checks are
not included in the Basic Lettings Only Package.

Premium Lettings Package                                                              
11.5% plus Vat  
Includes

  • Finding Very Suitable Tenants to Rent your Property
  • Tenancy Agreement
  • Deposit Lodging
  • Referencing & Credit Checking

Silver* Management Package                                                          
5% plus Vat
Includes  

  • First point of contact for Tenants
  • Obtaining estimates and supervision of essential Remedial Works for Your Approval prior to work being carried out with the exception of Emergency Works as and when required.
  • Monthly Financial Statement

*Additional Fees:        Quarterly Management Viewing Fee and the Annual Letting Renewal Fee
are not included in Silver Management Package.

Gold* Management Package                                                         
10% plus Vat
Includes  

  • First point of contact for Tenants
  • Obtaining estimates and supervision of essential Remedial Works for Your Approval prior to work being carried out with the exception of Emergency Works as and when required.
  • Monthly Financial Statement
  • Annual Gas Safety Check
  • Annual Boiler Service
  • Energy Performance Certificate Renewal 
  • Electrical Installation Condition Report (does not include the cost of remedial work if required to obtain Satisfactory EICR)
  • Annual Legal Expenses / Rent Protection Policy

*Additional Fees:        Quarterly Management Viewing Fee and the Annual Letting Renewal Fee
are not included in Gold Management Package

Platinum Complete Management Package                              
12.5% plus Vat 
Includes

  • Tenancy Agreement
  • Deposit Lodging
  • Referencing & Credit Checking
  • First point of contact for Tenants
  • Obtaining estimates and supervision of essential Remedial Works for Your Approval Prior to work being carried out, with the exception of Emergency Works as and when required.
  • Monthly Financial Statement
  • Annual Gas Safety Check
  • Annual Boiler Service
  • Energy Performance Certificate Renewal
  • Electrical Installation Condition Report (does not include the cost of remedial work if required to obtain Satisfactory EICR. Generally valid for 5 years depending upon installation and condition)
  • Annual Legal Expenses / Rent Protection Policy
  • Quarterly Management Viewing Fees

*Additional Fees:        Annual Letting Renewal Fee is not included in Platinum Complete Management Package

FEES & PREREQUISITES 
A. Tenancy Agreement Fee £300 plus Vat (£360 inclusive of Vat)
or Included in Premium Lettings Package.
Please note, a Tenancy Agreement is a formal agreement between the Landlord(s) & Tenant(s) to make the rental of the property by the Landlord to the Tenant express. The Agreement provides both parties with clarity regarding their responsibilities formally.

B. Tenancy Deposit Service Fee £300 plus Vat (£360 inclusive of Vat)
or Included in Premium Lettings Package. 
C. Tenancy Renewal Fee  £500 plus Vat (£600 inclusive of Vat)
This is an Annual Fee charged from the 2nd year onward if the same Tenants are in situ for Let & Managed Properties.  
Prior to Tenancy & if Required During Tenancy 
D. Tenancy Agreement Fee  £300 plus Vat (£360 inclusive of Vat)
or Included in Premium Lettings Package 
E. Tenancy Deposit Service Fee  £300 plus Vat (£360 inclusive of Vat)
or Included in Premium Lettings Package 
F. Annual Tenancy Renewal Fee  £500 plus Vat (£600 inclusive of Vat) 
G. Boiler service  or £130.00 plus Vat (£156.00 inclusive of Vat)
or Included in Gold Management and Platinum Complete Management Packages 
H. Gas safety check £130.00 plus Vat (£156.00 inclusive of Vat).
or Included in Gold Management and Platinum Complete Management Packages.
Fee of Replacing a Co2 Detector or Smoke alarm is £40 plus Vat each (£48 inclusive of Vat each) if applicable, such as essential installation or renewal of Co2 Detector. 
I. Energy Performance Certificate  (EPC) £100 plus Vat (£120 inclusive of Vat)
or Included in Gold Management and Platinum Complete Management Packages. 
J. Electrical Installation Condition Report (EICR) Starting at £240 plus Vat (£288 incl of Vat)
or Included in Gold Management and Platinum Complete Management Packages. 
K. Portable Appliance Test  £73 plus Vat which includes 10 tests (£87.60 inclusive of Vat and 10 tests) 
L. Preparing Inventory/Schedule of Condition Cost varies depending upon Property size £240 to £300 plus Vat (£288 to £360 inclusive of Vat) 
M. Rent Protection/Legal Expenses Policy £293.32 excl Vat (351.98 incl Vat) 
or Included in Gold Management and Platinum Complete Management Packages. 
N. Referencing Fee is £50 plus Vat per Adult (£60 inclusive of Vat per Adult)
or Included in Premium Lettings Package 
O. Maintenance Repair Landlords (see clause 4.1 of Agency Agreement/Terms &Conditions
Obtaining estimates and supervision of major works: 10% plus Vat of cost of Fee (12% including Vat of cost of Fee) Subject to a Minimum Fee of £50 plus Vat (£60 including Vat). Amount To Be Agreed or Landlord to agree Remedial Work Quotation prior to work being carried out with the exception of Emergency Works as and when required.
P. Issuing Rent Increase Notice  £50 plus Vat (£60 inclusive of Vat)  
Q. Duplication and testing of extra keys   £20 plus Vat plus costs (£24 inclusive of Vat plus costs) 
R. Administration 
Hourly rate for other work requested. £40 plus Vat per hour (£48 inclusive of Vat per hour) 
S. Redirection of mail overseas  Cost of postage (no mark up) 
T. Income & Expenditure reports and statements  £50 plus Vat (£60 inclusive of Vat) 
or Monthly Statements Included in all Management Packages
U. Issuing Notice of Seeking Possession   £300 plus Vat (£360 inclusive of Vat)  
V. Check-out report   £240 Plus Vat (£288 inclusive of Vat) 
W. Management Viewing Fee  £80 Plus Vat (£96 inclusive of Vat)
or Included in  Platinum Complete Management Package.

Room Rental for a Lodger or an HMO Licenced Property

Upon finding suitable Tenant(s), we would charge as our Fee a minimum of £500 plus Vat per Room (£600 inclusive of Vat per Room). From the 2nd year there will be an annual Renewal Fee of £350 plus Vat (£420 inclusive of Vat) and £150 plus Vat (£180 inclusive of Vat) for the preparation of a Tenancy Licence Agreement per Bedroom each, to be taken usually by way of a one-off deduction from the first rent received at the commencement of the Licence. This is on the basis that the original term will be for at least 6 months, as a minimum period.

If the Property is licenced as a HMO (House of Multiple Occupants) then a copy of the HMO Licence must be received by DM&Co. From the 2nd year there will be an annual Renewal Fee of £350 plus Vat (£420 inclusive of Vat)

 

Like more information about our Landlord services?

Speak to our friendly team by calling us: 0208 864 5775 or by completing our online enquiry form, and one of our team will call you back. 

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BUSINESS NAMES AND SCHEME REGISTRATION

 Sole Trader MR. R. L. OWEN LLB HONS, TRADING AS DM&CO.
Registered Office Address of Business 170 GREENFORD ROAD, HARROW, HA1 3QX to which documents can be served.
DM&Co is Registered with THE PROPERTY REDRESS SCHEME (PRS)

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