Landlords’ Guide to Services and Charge
We are committed to being upfront with our charges and fees. The table below shows all Landlord fees shown both inclusive and exclusive of VAT. For more details, please refer to your Terms of Business or ask a member of our team.
Knightsbridge Prime Property is a member of CMP Client Money Protection scheme. Knightsbridge Prime Property is also a member of a redress scheme provided by The Property Ombudsman www.tpos.co.uk
| Description of Fee | Excluding VAT | Including VAT |
|---|---|---|
| Comprehensive Management Service Including Standard Lettings Service. Subject to a minimum fee of one month’s rent plus VAT and a minimum monthly Management fee of £60 (£72 inc VAT) |
17%* | 20.4%* |
| Standard Letting Service Subject to a minimum fee of one month’s rent plus VAT |
11%* | 13.2%* |
| Managed Only Service Subject to a setup fee of £350 (£420 Inc VAT) and a minimum monthly Management fee of £60 (£72 inc VAT) |
6%* | 7.2%* |
| Short Let Service Subject to a minimum fee of one week’s rent plus VAT |
25%* | 30%* |
| Vacant Property Supervision Service Including a monthly property visit |
£150 per month | £150 per month |
| Tenancy Setup Fee Drafting and execution of tenancy agreement if supplied by us, (drafting supplementary clause may incur £50 (£60 Inc VAT) charge) collecting and holding the Security Deposit, registering and issuing deposit protection certificate, referencing the Tenants |
£325 | £390 |
| Enhanced Referencing Fee Including verification of details, credit check, employer, landlord and accountant reference (If available) |
£50 per person | £60 per person |
| Tenancy Continuation Preparation of Memorandum of Renewal Drafting and execution of document if supplied by us and registering and issuing deposit registration certificate. Where a Memorandum of Renewal is not suitable the Tenancy Agreement Setup fee will apply £325 (£390 Inc VAT) |
£125* | £150* |
| Pre Letting Arrangement of Certification (Standard Lettings Service) Arrangement of Energy Performance Certificate, Gas Safety Certificate, Portable Appliance Test etc (the cost of completing these works is Subject to Quotation) |
£50 | £60 |
| Pre Marketing Property Preparation Service | £600 | £720 |
| Right to Rent Re-Checks | £100 | £120 |
| Breach of Sole Agency & Withdrawal from Proposed Tenancy | Half of one month’s rent, plus VAT | |
| Change of Sharer Deed of Assignment Where a Deed of Assignment is not suitable the Tenancy Agreement Setup fee will apply £325 (£390 Inc VAT) |
£100 | £120 |
| Serving of Notices: Section 21 Where a Deed of Assignment is not suitable the Tenancy Agreement Setup fee will apply £325 (£390 Inc VAT) |
£100 | £120 |
| Early Termination Deed of Surrender | £125 | £150 |
| Formulating Deposit Adjudication Claim - Comprehensive Management Service | £250 | £300 |
| Accompanying Landlord Contractor Cost per hour including travel and subject to a minimum of 2 hours |
£75 | £90 |
| Formulating Deposit Adjudication Claim - Standard Lettings Service | £750 | £900 |
| Deposit Retention Fee Post-termination | £100 | £120 |
| Deposit Transfer Fee to new Deposit Protection Scheme | £50 | £60 |
| Bank Transfer - Same day, UK accounts The charge for the same day transfer to overseas accounts will be £30 (£36 Inc VAT) |
£20 | £24 |
| HMRC Return for withheld tax (per quarter) | £25 | £30 |
| Year End Statement Reconciliation | £100 | £120 |
| Legal Proceedings When our staffs are required to attend court or arbitration hearings Cost per hour and subject to a minimum of 2 hours |
£100 | £120 |
| Sale of Property Based on sale price agreed (Including Vat) |
1.5% | 1.7% |
Our Guide for Landlords outlines your responsibilities, these include but are not limited to the prevision and preparation of: An Energy Performance Certificate, Inventory, Inventory Check-In/Out, Professional Cleaning, Insurance: such as Rent and Legal Protection, Buildings and Contents, Safety checks and Certification, if you prefer to make these arrangements yourself, please contact our Mayfair Office for assistance.
*Please Note: Fees are expressed as a percentage of the agreed rent for the entire period of the tenancy. Fees for our Standard and Short Let services are payable in advance at the start of the tenancy.