Landlord Fees

When you choose to let your property with Davis Tate it is important that you understand and are aware of the landlord fees for the services that we provide. As well as our offering of service levels there are a range of additional fees that you may incur for certain activities. All fees quoted are inclusive of VAT.

Our service level fees are set as a percentage of the rental income including VAT (Full Management 18%, Rent Collection 12%, Tenant Find annual fee is one month’s rent).

Fully Managed
18%

Rent Collection
12%

Tenant Find
one month’s rent upfront

What's included in Fully Managed: What's included in Rent Collection: What's included in Tenant Find:	Fully Managed 18%	Rent Collection 12%	Tenant Find one month’s rent upfront
Schedule of services	15% + VAT (18%) of the gross rent payable	10% + VAT (12%) of the gross rent payable	1 Months’ Rent INC VAT (deducted up front)
	Get Fully Managed	Get Rent Collection	Get Tenant Find

Pre-tenancy preparation	Fee
Initial Tenancy Set Up Fee (Includes Initial Tenancy Agreement, Tenant Reference Reports, Land Registry Seach and Tenant Right to Rent Checks.)	£520 per tenancy (payable in advance of references being submitted)
Using Your own Agreement, and or checking and making any alteration requested by Your solicitor to Our standard Tenancy Agreement	£150 per hour or part of hour
Change of Sharer Administration Fee	£520 per occupant

Accounting and Property Management	Fee
Annual income and expense statement	£66 per statement
Court hearing attendance on your behalf	£180 per hour (Managed Only)
Arrears Letter	£24 per letter (if fees remain unpaid for 30 days or more a charge will be added for each letter sent)
Non-Resident Landlord Accounting	£108 per quarter for tax retention and completion of the documentation required by the Centre for Non-Residents HMRC
Quarterly Income and expenditure report	£30 per quarter
Reference Rechecking	£60 per person referenced (through third party reference company)
Right to Rent Rechecking	£84
Electrical Inspection Condition Report	Studio or 1 bed £215, 2 bed £235, 3 bed £275, 4 bed £295, 5 bed plus £345. Please note, there is an additional charge of £55.00 if electric heating is present.
Amendment of Tenancy	£120
Tenancy transfer fee - Change of owner	£300
Property Visit Fee	£150 (per visit)
Attendance Fee	£65 (per hour)
Mould Monitoring Device	£30 Installation + £30 per month monitoring subscription
Smoke Alarm – Supply and fit	£85
Carbon Monoxide Alarm – Supply and fit	£85
Gas Safety & Boiler Servicing	£175
Energy Performance Certificate	£120

Additional fees which may be applicable to some landlords

Service	Fee
Deposit registration fee	£7 per month for managed and rent managed clients (n/a for introduction)
Serving Section 8	£550 per property (inclusive if tenancy has the Agents Rent Protection and Legal Expenses Cover and the claim is for rental arrears only)
Section 13	£300 for Prepare and Serve
Prepare Assured Periodic Agreement (Current Rentals Only)	£300 per agreement
Check in Inventory and Check out	On applications (Price can vary depending on contractor)
Check in and Check out (No inventory conducted)	On applications (Price can vary depending on contractor)

Up to £1500pcm 4%	£1501 to £2000pcm 3.5%	£2001 to £2500pcm 3.0%
£2501 to £3000pcm 2.5%	£3001 to £5000pcm 2.0%	Above £5000pcm Price on Application

Landlord Fees

Additional fees which may be applicable to some landlords

Rent Protection and Legal Expenses

Useful information for landlords