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Landlords’ Guide

Landlord Fees

Landlords’ Guide to Services and Charge

We are committed to being upfront with our charges and fees. The table below shows all Landlord fees shown both inclusive and exclusive of VAT. For more details, please refer to your Terms of Business or ask a member of our team.

Knightsbridge is a member of CMP Client Money Protection scheme. Knightsbridge is also a member of a redress scheme provided by The Property Ombudsman www.tpos.co.uk
 
   
Description of Fee  
Excluding VAT
Including VAT
Comprehensive Management Service
Including Standard Lettings Service. Subject to a minimum fee of one month’s rent plus VAT and a minimum monthly Management fee of £60 (£72 inc VAT)
17%*20.4%*
Standard Letting Service
Subject to a minimum fee of one month’s rent plus VAT
11%*13.2%*
Managed Only Service
Subject to a setup fee of £350 (£420 Inc VAT) and a minimum monthly Management fee of £60 (£72 inc VAT)
6%*7.2%*
Short Let Service
Subject to a minimum fee of one week’s rent plus VAT
25%*30%*
Vacant Property Supervision Service
Including a monthly property visit
£150 per month£150 per month
Tenancy Setup Fee
Drafting and execution of tenancy agreement if supplied by us, (drafting supplementary clause may incur £50 (£60 Inc VAT) charge) collecting and holding the Security Deposit, registering and issuing deposit protection certificate, referencing the Tenants
£325£390
Enhanced Referencing Fee
Including verification of details, credit check, employer, landlord and accountant reference (If available)
£50 per person£60 per person
Tenancy Continuation Preparation of Memorandum of Renewal
Drafting and execution of document if supplied by us and registering and issuing deposit registration certificate. Where a Memorandum of Renewal is not suitable the Tenancy Agreement Setup fee will apply £325 (£390 Inc VAT)
£125*£150*
Pre Letting Arrangement of Certification (Standard Lettings Service)
Arrangement of Energy Performance Certificate, Gas Safety Certificate, Portable Appliance Test etc (the cost of completing these works is Subject to Quotation)
£50£60
Pre Marketing Property Preparation Service£600£720
Right to Rent Re-Checks£100£120
Breach of Sole Agency & Withdrawal from Proposed TenancyHalf of one month’s rent, plus VAT
Change of Sharer Deed of Assignment
Where a Deed of Assignment is not suitable the Tenancy Agreement Setup fee will apply £325 (£390 Inc VAT)
£100£120
Serving of Notices: Section 21
Where a Deed of Assignment is not suitable the Tenancy Agreement Setup fee will apply £325 (£390 Inc VAT)
£100£120
Early Termination Deed of Surrender£125£150
Formulating Deposit Adjudication Claim - Comprehensive Management Service£250£300
Accompanying Landlord Contractor
Cost per hour including travel and subject to a minimum of 2 hours
£75£90
Formulating Deposit Adjudication Claim - Standard Lettings Service£750£900
Deposit Retention Fee Post-termination£100£120
Deposit Transfer Fee to new Deposit Protection Scheme£50£60
Bank Transfer - Same day, UK accounts
The charge for the same day transfer to overseas accounts will be £30 (£36 Inc VAT)
£20£24
HMRC Return for withheld tax (per quarter)£25£30
Year End Statement Reconciliation£100£120
Legal Proceedings
When our staffs are required to attend court or arbitration hearings Cost per hour and subject to a minimum of 2 hours
£100£120
Sale of Property
Based on sale price agreed (Including Vat)
1.5%1.7%


Our Guide for Landlords outlines your responsibilities, these include but are not limited to the prevision and preparation of: An Energy Performance Certificate, Inventory, Inventory Check-In/Out, Professional Cleaning, Insurance: such as Rent and Legal Protection, Buildings and Contents, Safety checks and Certification, if you prefer to make these arrangements yourself, please contact our Mayfair Office for assistance.

*Please Note: Fees are expressed as a percentage of the agreed rent for the entire period of the tenancy. Fees for our Standard and Short Let services are payable in advance at the start of the tenancy.