Landlord Set Up Fees: A set-up fee of £300 inc VAT per tenancy (and Let Only Renewal) will be charged to Landlords for One full reference, contract negotiation (amending and agreeing terms) and arranging the tenancy and associated paperwork. This also includes registering the deposit with the DPS (if necessary), utility management and carrying out Land Registry and Anti-Money Laundering checks.
Service Fees: Our fees range between 9.6% to 14.4% inclusive of VAT of the annual rental income dependent on the level of service.
Rent Guarantee Insurance: Can be arranged by Oakwood Estates at an additional monthly fee of 2.95% inc VAT. If you opt for the Let Only package the entire fee will be deducted in advance subject to the initial tenancy term.
Gas Certificate: Can be arranged by our independent gas safe registered engineer at a cost of £100 inc VAT.
Electrical Safety Certificate: From 1st July 2020, it will become Law, that ever rental property is to have a satisfactory electrical inspection and portable appliance testing (PAT testing) carried out on all appliances. The PAT testing is an annual requirement:
One Bedroom EICR £320.00, Two Bedrooms EICR £360.00, Three Bedrooms EICR £400.00, 4 Bedrooms or above £44 per circuit.
PAT Testing: £120.00 inc VAT up to 10 appliances.
Energy Performance Certificates (EPC): Can be arranged at a cost of £120 inc VAT
Additional References (per person): Charge of £42.00 inc VAT per reference in additional to the free reference included within the initial set up fee. If required a guarantor reference can also be obtained for a cost of £42.00 inc VAT.
Inventory & Check In/ Check out Costs: An inventory is strongly recommended in order to obtain deposit dilapidations at the end of the tenancy. An inventory is mandatory for all managed properties:
|Inventory Make (One off payment)||Check In & Check Out (per tenancy)|
|Rooms - £96.00 inc VAT||Rooms - £96.00 inc VAT|
|Studio/ One bedrooms - £180 inc VAT||Studio/ One bedrooms - £144 inc VAT|
|Two Bedrooms - £192 inc VAT||Two Bedrooms - £168 inc VAT|
|Three Bedrooms - £216 inc VAT||Three Bedrooms - £192 inc VAT|
|Four Bedrooms - £240 inc VAT||Four Bedrooms - £216 inc VAT|
|Five Bedrooms - £264 inc VAT||Five Bedrooms - £240 inc VAT|
|Six Bedrooms (or above) - £300 inc VAT||Six Bedrooms (or above) - £264 inc VAT|