Initial New Tenancy Set up Package:
65% of the first months rent, plus vat = 78% inclusive of vat
Subject to a minimum fee of £395 plus vat = £474 inclusive of vat
for deposit registration £54 (£45+VAT)
for arranging a managed tenancy renewal £114 (£95 + VAT)
for arranging a let only tenancy renewal £210 (£175 plus vat)
for arranging a Legionella risk report £90 (£75 + VAT)
for managing a Formal Deposit Dispute £96 (£80 + VAT)
for issuing either Section 8/13/21 Notices £108 (£90 + VAT)
for assembling / submitting a government selective license application £180 (£150 plus vat)
for Refurbishment project management - 10% + VAT of cost
for arranging a photographic inventory £96 (£80 + VAT)*
*for properties up to 5 bed, larger properties please ask for a quote, applies to managed tenancies only.
Tenancy Management fees:
Full management rates:
14.4% - (12 % plus vat) of rent collected (upto & including £474 pcm)
12% - (10 % plus vat) of rent collected (Including & above £475 pcm)
Minimum Monthly Management Fee Applicable £60 pcm Plus vat (£50 +vat)
Rent Collection Only 6% (5% plus vat) of rent collected (no minimum fee charged)
Holiday / Short Let Management fees:
18% inclusive, of all income collected.
Excluding cleaning / laundry costs, which is priced on an individual basis.
On-boarding / launch Fee - £350 plus vat.
Commercial Tenant Introduction (Shop units / offices / commercial spaces) ; 10% plus vat of the annual rent, subject to a minimum fee of £995 plus vat
Excludes solicitors legal fees for lease preparation.
Commercial monthly management fees ; 10% plus vat of turnover collected.
Letsafe are a member of the Property Redress Scheme and have client money protection provided by the UKALA under 'Client Money Protect'. If you require any further information relating to this please contact our office. Letsafe is a trading name of Letsafe NE Ltd.