Letting Fees for Tenants and Landlords

Tenants

At Realter we charge no fees to Tenants for application, administration costs or references. All we require from a tenant is the relevant deposit and 1 st month’s rent paid in advance prior to the move in date.

Landlords

Realter offer our Landlords 3 levels of service in respect of Letting out your property.

  • Fully Managed Service - Marketing fee of £280.00 Inc vat at the commencement of registration.

Legal fee of £120.00 Inc vat at move in.

12% of gross rental received on a monthly basis (20% + Vat for Non-UK resident Landlords) subject to a minimum of £40.00 + Vat payable on commencement of tenancy.

Legal fee of £120.00 Inc vat at move in.

10% of gross rental received on a monthly basis (20% + Vat for Non-UK resident Landlords) subject to a minimum of £40.00 + Vat payable on commencement of tenancy.

  • Tenant Finder - Marketing fee of £280.00 Inc vat at the commencement of registration.

Legal fee of £120.00 Inc vat at move in.

Renewals:

On termination of a tenancy, should a further tenant be required for the property a renewal fee of £300 Inc vat shall be payable on each occasion.

Additional Costs for Landlords Fully Managed or Part Managed Services

  • Updating a tenancy agreement – due to change of tenant’s circumstances ie additional tenant moving in or one leaving £120 Inc vat.
  • Changes to tenancy agreements due to changes to legislation £120 Inc vat
  • Pet disclaimer fees and amendment to Tenancies £120 Inc vat.
  • Instructed Inspection £40 Inc vat
  • Termination of contract - This agreement may be terminated by either party by way of three months written notice. Commission up to 3 months will be deducted for early termination without notice
  • Legal Proceedings - Any delays of payment or other defaults will be acted on by the Agent in the first instance. Where the Agent has been unsuccessful in these initial actions, or there are significant rent arrears or breaches of the tenancy agreement, the Landlord will be advised accordingly. A solicitor would then be appointed and instructed by the Landlord. The Landlord is responsible for payment of all legal fees and any related costs. Realter charge £250.00 + Vat per half day for a member of staff attending court with or on behalf of the Landlord.

Fee structure as of 8th September 2015 for all new landlords and tenants


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