Fees
Lettings Services
Letting & Rent Collection
11% plus VAT (of the agreed rent for the entire term due in full at the commencement of the tenancy).
Letting & Property Management
16% plus VAT of agreed Rent payable (of which 11% plus VAT Letting and Rent Collection Fee, which is due in full at the commencement of the Tenancy for the entire initial term, and 6% plus VAT property management Fee, which is due monthly or according to the agreed rent period).
Short Letting (inclusive of Property Management)
25% plus VAT )of the agreed rent for the entire term and any renewal / extension due in full at the commencement of the tenancy and renewal / extension).
Subject to a minimum fee of £1,500.
Property Management Only (includes rent collection)
6% plus VAT of the agreed Rent payable for the entire term and any Renewal/ Extension due monthly or according to the agreed Rent period.
Renewal commission fee
10% plus VAT (of agreed rent for the total rent reserved under the terms of the tenancy together with property management commission if applicable).
Agreement and Arrangement Fees (which applies to all service levels)
New Tenancy Agreement fee
£350 plus VAT
Tenancy Renewal Agreement fee
£350 plus VAT
Referencing Fee
£35 plus VAT (is payable in respect of each reference conducted for each individual tenant, occupant or guarantor per tenancy).
Deposit Registration Fee
£42 plus VAT per annum.
Inventory Fees
The cost of an inventory make, check in and/or check out inspection is dependent upon the size of the property, usually between £185 – £250 plus VAT per report and/or inspection.
Gas Safety Check arrangement Fee
£85 plus VAT
Portable Appliance Test (PAT) arrangement Fee
£105 plus VAT for five appliances
Fixed Electrical Wiring Test arrangement Fee
£50 plus VAT plus the cost of the test
EPC arrangement Fee
£99 plus VAT
Legionnaires Assessment arrangement Fee
£75 plus VAT and the cost of the assessment
Smoke and Carbon Monoxide Alarms Installation Arrangement Fee
£80 plus VAT plus the cost of the alarm(s) and installation.
Paperwork to be prepared and submitted to the DPS
£200 plus VAT per dispute
Deposit Dispute Copy Documentation Fee
£50 plus VAT per copy
HMO, Additional or Selective Licence Application Handling Fee
£500 plus VAT per application
Property Visits required to complete the licensing application process
£75 plus VAT per visit required
Miscellaneous Charges
Cancellation Fee (of Letting)
£500 plus VAT (i.e. £600)
Anti-Money Laundering and Identification Checking Fee
£15 plus VAT (i.e. £18) per check
Right to rent re-check Fee
£250 plus VAT per check
Overdue Fees
Subject to Interest of 5% over the base lending rate of National Westminster Bank calculated on a daily basis from the day due until payment in full is made.
Deposit Transfer Administration Fee
£60 plus VAT per transfer
Additional copy statements
£50 plus VAT for a maximum of 6 statements & £5 plus VAT (i.e. £6) per additional statement
Transfer of funds to HMRC on behalf of Non-resident Landlords
£100 plus VAT per quarter of each year
Same day payments and payments to overseas accounts.
£20 plus VAT per payment
Key Cutting Fee
£25 plus VAT and the cost of the keys being cut.
Serving of Notices
£150 plus VAT per notice.
Courts and Tribunals appearance
£150 plus VAT (i.e. £180) per hour.
Additional Property Visits (2 visits per year included in Fully Managed Service)
£50 plus VAT per visit.
Sales Service
Sole Selling Rights Agency
2% Plus VAT
Multiple agency
3% Plus VAT
For clarification on any charges, please contact us.
Additional information
Rosewood Estates are part of the safeagent CMP scheme that gives our landlords and tenants peace of mind that their money is protected. Our certification is located on the ‘About Us’ page of our website.
Rosewood Estates is a member of the Property Ombudsman.
Rosewood Estates is a member of the Deposit Protection Scheme (DPS) and abide by the DPS Terms and Conditions.