Landlord Fees

Knight Young & Co always endeavours to provide transparent services for all our landlords. We listen and always take on board landlord feedback to make your experience as a landlord easy and hassle free. Below you will find a guide of our fees which are correct at time of publication. The list is not exhaustive and further charges may be applicable subject to circumstance.

The following is carried out irrespective of the level of service

  • Agree market rent and find a tenant in accordance with the landlord guidelines
  • Advise on works required/refurbishments if required
  • Provide guidance on compliance with statutory provisions and letting consents
  • Carry out accompanied viewings (as appropriate)
  • Market the property and advertise on relevant portals
  • Erect a board outside property in accordance with Town and Country Planning Act 1990 where permitted
  • Advise on non-resident tax status and HMRC (if relevant)

Introduction Only Service

9.6% inc VAT (8% + VAT) of first year’s rent,

  • Collect and remit initial month’s rent received
  • Collect deposit and pass to Landlord to register where applicable
  • Provide the tenant with payment methods
  • Deduct any pre-tenancy invoices where applicable

Rent Collection service

6% inc VAT (5% + VAT)

  • Collection and remit the monthly rent received
  • Agree collection of any shortfall and payment method
  • Provide tenant with payment methods
  • Deduct pre-tenancy invoices where applicable
  • Deduct commission

Fully Managed Service

14.4% inc VAT (12% + VAT)

  • Collection and remit the monthly rent received
  • Pursue non-payment of rent and provide advice on rent arrears action
  • Deduct commission and invoices for works where applicable
  • Notify relevant council of change of tenancy
  • Registration of the Tenants deposit with the DPS
  • Undertake periodic visits and notify the Landlord of the outcome
  • Arrange routine repairs and instruct approved contractors
  • Hold management keys for the duration of the tenancy (as provided by Landlord)

Renewal of Tenancy Agreement

6% inc VAT (5% + VAT) of yearly rent

  • Review of rent in accordance with current prevailing market conditions and advise the Landlord
  • Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

Rent Guarantee policy – if required and instructed by landlord

£379 inc VAT 12 months, £189.00 inc VAT 6 months, includes:

  • For renewal purposes checking on arrears status – policy can’t be renewed if tenant is in rent arrears
  • Contact policy supplier to confirm cancellation or renewal of the policy
  • Check receipt of renewal documentation
  • Forward documents to Landlord

Gas Safety Test

£99 inc VAT, includes:

  • Arrangement of Test and issue of each pass or fail certificate
  • Does not include any remedial works

EPC Report

£99 inc VAT

  • Arrangement of EPC Report

Electrical Test

Price on application, includes:

  • Arrangement of Full electrical test pass or fail with report.
  • Does not include any remedial works

Smoke Alarms & CO Alarms

1 alarm £90 inc VAT

2 alarms £168 inc VAT

3rd or additional charged at £54 inc VAT each

Includes: Arrangement of supply and fitment as per legal requirements

Section 21 Service

£150 inc VAT (included free within Fully Managed Service)

Includes: Preparation and issue of document as per terms of Tenancy Agreement cost will be additional)

Selling to a Tenant

If the Landlord sells the property to the tenant a fee of 1.5% inc VAT (1.25% + VAT) of the sale price is chargeable.

Inventory & check in prices £ - quoted per property depending on its size

Unfurnished Properties Inventories

Studio: £159.00 inc VAT

1 bed flat: £159.00 inc VAT

1 bed house: £169.00 inc VAT

2 bed flat: £189.00 inc VAT

2 bed house: £199.00 inc VAT

3 bed house: £229.00 inc VAT

4 bed house: £259.00 inc VAT

5 bed house: £299.00 inc VAT

Check in fee(s) for studios, 1 bedroom(s) & two bedroom(s) £149 inc VAT

Check in fee(s) for three bedroom(s) upwards £179 inc VAT

Check out fee(s) for studios, 1 bedroom(s) & two bedroom(s) £159 inc VAT

Check out fee(s) for three bedroom(s) upwards £189 inc VAT

Prices are for guidance purposes only. Inventories for fully furnished properties are more expensive due to the amount of items/furniture that may need to be listed. Please refer to the above list as a starting point depending on the size of the property. Prices for professional cleaning will need to be confirmed prior to tenancy agreement also. All costs will be confirmed BEFORE any new tenancy commences.

Independent redress is provided by TPOs as below:

The Property Ombudsman
Milford House
43-55 Milford Street
Salisbury
Wiltshire
Telephone :01722 333306
Telephone :01722 333306
Website: www.tpos.co.uk

Please note we are not part of a client money protection scheme.