LETTINGS FEES
Clear fees, stated up front.
Everything we charge landlords, and the only payments a tenant can be asked to make. Fees are shown excluding VAT, with the VAT-inclusive amount alongside.
FOR LANDLORDS
Our lettings fees.
One clear percentage for each level of service, with a small number of fixed fees. Every fee is shown excluding VAT, with the amount including VAT at 20% alongside.
Service
Fee (ex VAT)
Inc VAT
Let only
Marketing, viewings and tenant referencing through to move-in, with monthly rent collection.
10% of rent + VAT
Inc VAT:12% of rent
Fully managed
Everything in Let only, plus day-to-day management: maintenance and repairs, property inspections and compliance tracking.
15% of rent + VAT
Inc VAT:18% of rent
Short let & corporate let
Furnished stays for business travellers, relocations and company tenants, with guest and tenant management. Tenancy set-up is included.
22% of rental income + VAT
Inc VAT:26.4% of rental income
Airbnb management
We run your home on Airbnb and other booking sites: listing, pricing, guests, cleaning and reporting. Plus a one-off set-up fee of £500 + VAT (£600 inc VAT), which covers professional photography and a rendered floor plan.
15% of booking income + VAT
Inc VAT:18% of booking income
Rent While You Sell
We let and manage your home as a short let while it is marketed for sale by your chosen agent. Plus a one-off onboarding and consultancy fee of £500 + VAT (£600 inc VAT).
25% of rental income + VAT
Inc VAT:30% of rental income
Additional fees
Tenancy set-up
Preparing the tenancy agreement and move-in paperwork. Long lets only; included with short and corporate lets.
£350 + VAT
Inc VAT:£420
Renewal paperwork
Preparing a renewal or extension of an existing tenancy, for all services. Our percentage fee continues for the renewed term.
£200 + VAT
Inc VAT:£240
Minimum fee
Applies to long lets where the percentage fee would come to less.
£1,000 + VAT a year
Inc VAT:£1,200 a year
Inventory, check-in and check-out
Prepared by an independent inventory clerk and charged at cost. We confirm the price with you before booking.
At cost
Inc VAT:At cost
VAT is charged at the current rate of 20%. Percentage fees are calculated on the rent, or rental income, for the tenancy or booking period, and follow how the rent is paid. Where rent is paid in advance, our fee is payable in advance. Where rent is paid monthly, our fee is deducted monthly from the rent received into our client account.
FOR TENANTS
What tenants may be asked to pay.
We don't charge tenants fees. For residential tenancies in England, the Tenant Fees Act 2019 limits what a tenant can be asked to pay to the items below.
Holding deposit
To reserve a property while references are completed.
Up to 1 week's rent
Tenancy deposit
Protected in a government-approved deposit scheme.
Up to 5 weeks' rent, or 6 weeks' rent where the annual rent is £50,000 or more
Changes to the tenancy
When the tenant asks for a change, such as a new sharer.
£50 inc VAT, or reasonable costs if higher
Early termination
When the tenant asks to leave before the tenancy allows.
The landlord's loss and reasonable costs
Late rent
Rent more than 14 days overdue.
Interest at 3% above the Bank of England base rate
Lost keys or security devices
Where the tenant is responsible for the loss.
The reasonable cost of replacement
Tenants also pay utilities, council tax, TV licence and communication services where the tenancy agreement says so. Company lets and holiday lets fall outside the Act and are quoted individually.
Client money and redress
Independent redress
The Property Redress Scheme
Membership no. PRS054323
Insurance
Professional indemnity
Fully insured
South West Shared is a trading name of Owna Group Interiors Limited, registered in England, company no. 14981458. Trading address: Pavilion Club, 81–83 Fulham High St, London SW6 3JW. ICO registration ZC278656.
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