Landlord Fees

Please find below a list of Coombe Residential's fees applicable to landlords. If you have any questions, please ask a member of staff. To view fees for tenants, please click here.


Levels of Service Offered


1. Tenant Find: 10% of Rent (+VAT)
  • Collect and remit initial months’ rent received.

  • Agree collection of any shortfall and payment method.

  • Provide tenant with method of payment

  • Deduct any pre-tenancy invoices

  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant)


2. Rent Collection: 10% of Rent (+VAT)
  • Collect and remit the monthly rent received.

  • Deduct commission and other works

  • Pursue non-payment of rent and provide advice on rent arrears actions.

  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant).


3. Fully Managed: 15% of Rent (+VAT)
  • Collect and remit the monthly rent received.

  • Pursue non-payment of rent and provide advice on rent arrears actions.

  • Deduct commission and other works.

  • Advise all relevant utility providers of changes.

  • Undertake two inspection visits per annum and notify landlord of the outcome.

  • Arrange routine repairs and instruct approved contractors (providing two quotes).

  • Hold keys throughout the tenancy term.

  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant).


 

Additional Fees and Charges

(Non-Optional and Irrespective of Level of Service)


Setup Fee (Landlords Share):
  • Agree the market rent and find a tenant in accordance with the landlord guidelines.

  • Advise on refurbishment.

  • 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 board outside property in accordance with Town and Country Planning Act 1990.

  • Advise on non-resident tax status and HMRC (if relevant).

  £0 (inc VAT)


Inventory Fee (Landlords Share):
  • Dependent on the number of bedrooms and/or size of the property and outbuildings.

£85-495 (inc VAT) + Checkout Fee


Deposit Registration Fee:
  • Register landlord and tenant details and protect the security deposit with a Government authorised Scheme.

  • Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy.

£30 (inc VAT)


Additional Property Visits:
  • To attend for specific requests such as neighbour disputes; more visits are required to monitor the tenancy; or any maintenance-linked visit.

£50 (inc VAT)


Submission of non-resident landlords receipts to HMRC:
  • To remit and balance the financial return to HMRC quarterly – and respond to any specific query relating to the return from the landlord or HMRC.

£450 (inc VAT) quarterly


Arrangement Fee for works over £2,000:
  • Arranging access and assessing costs with contractor.

  • Ensuring work has been carried out in accordance with the specification of works.

  • Retaining any warranty or guarantee as a result of any works.

10% of net cost


£18 (inc VAT) per quote

Obtaining more than two contractor quotes


Renewal Fee (Landlords Share):
  • Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.

£60 (inc VAT)


Checkout Fee (Landlords Share):
  • Agree with tenant check out date and time appointment.

  • Instruct inventory provider to attend.

  • Negotiate with landlord and tenant any disbursement of the security deposit.

  • Return deposit as agreed with landlord and tenant to relevant parties.

  • Remit any disputed amount to Scheme for final adjudication.

  • Unprotect security deposit.

  • Instruct contractors; obtain quotes; organise repairs/replacement/cost of any broken or missing items.

£90-450 (inc VAT)


£50 (inc VAT) per hour

Court Attendance: 


 

 

Client money protection (CMP) provided by The Association of Residential Letting Agents (ARLA)
Independent redress provided by The Property Ombudsman (TPO)