Landlords Fees

Letting service 10% of rent (12% inc vat) charged annually upfront*

To Include:

• A free valuation of your property 
• Advice on preparing the property for let to potentially increasing its value
• Marketing of property including property details, photography and floorplan
• Erect a ‘To Let’ board
• List on our website and property portals
• Obtain Tenant ID and carry out Right to Rent checks
• Accompanied viewings
• Reference tenants and provide a reference report
• Draw up contracts and negotiate any individual terms
• Ensure all safety certificates are in place prior to occupancy
• Arrange compilation of a professional inventory/statement of condition by an external
• company (cost applies, dependant on size of the property)
• Arrange inventory check-in appointments
• Collect tenants deposit and first month’s rent
• Register the tenant’s deposit with the My Deposits Scheme (Subject to fee of £30 inc Vat)
• Advise on Non-Resident tax status
• Deduct any pre tenancy invoices
• Negotiate annual contract renewals and issue contract addendums
• Serve Legal notices to bring tenancies to an end

Letting and rent collection service 12% of rent (14% inc vat) paid monthly*
In addition to the Letting service:

• Collect monthly rental received
• Arrange renewal of safety certificates (Subject to fee of £30 inc Vat)
• Issue statements for tax purposes
• Chase rent arrears and advise on courses of action

Fully managed service 15% of rent (18% inc vat) paid monthly*
In addition to the Lettings and rent collection service:

• Arrange repairs and contractor visits
• Carry out regular property visits per year and provide a written report
• Act as key holder for duration of tenancy
• Pay bills on behalf of owner and account within monthly statement
• Arrange transfer of utilities at beginning and end of tenancy
• Act as a point of contact for tenants during tenancy
• Arrange check out of tenants at the end of the lease and agree the costs of any losses, damages or cleaning to be deducted from the deposit
• Repayment of the deposit after making agreed deductions through the My Deposits scheme

Additional Charges

• Preparation of Tenancy Agreement – £180 inc Vat
• Energy Performance Certificate - £90 inc Vat
• Inventory creation and Check outs, cost dependant on size of property each from £95 inc Vat
• Tenants Check in - £108 inc VAT
• *all lets of less than six months are subject to an additional fee of 5% inc Vat
• Gas Safety Certificate – cost dependant on number of appliances from £84 inc Vat
• Oversight of Major works or insurance claims – 10% of final bill
• Extra Property visit - £60 inc Vat

If you have a requirement outside the scope of that discussed above, then we are always happy to discuss a service that suits your needs.

All fees are payable for a tenant introduced by Reads Property Consultancy Ltd.

Client Money Protection is a legal requirement for all letting agents who deal with client money from 1st April 2019. Under current legislation, the Consumer Rights Act 2015 made it a legal requirement for every lettings agent in England to display whether or not they are a member of a Client Money Protection scheme. 

Reads Property Consultancy is a member of Safe Agent Client Money Protection scheme our accreditation number is : A8089