Landlord Fee Schedule

 

In accordance with the Consumer Rights Act 2015, Smartrose Estates Ltd publishes the following fees for landlords.

 

Service

Fee

Full Property Management

10% of monthly rent collected

Let Only

8% of the agreed tenancy rent

Major Works Management (works exceeding £1,000)

10% of the value of the works

Property Licensing Application

£150.00 per application

Vacant Property Management

5% of the expected monthly rental income

Property Sales & Acquisitions

1.5% of the purchase or sale price

Property Inspections (where not included within the management service)

£50.00 per inspection or the cost charged by the inspecting professional, whichever is applicable

Insurance Claim Administration

10% of the value of the insurance claim

VAT

All fees shown above are subject to VAT at the prevailing rate, where applicable.

 

Third-Party Costs

Any disbursements or out-of-pocket expenses incurred on the landlord’s behalf, including but not limited to contractor charges, inventories, professional reports, legal fees, licensing fees, court fees and other specialist services, will be payable by the landlord in addition to the fees listed above.