Landlord Fees

Additional Fees and Charges

• Deposit Registration Fee - £50
  Annual Deposit Renewal Fee - £50

  
  All tenants’ deposits must be registered – by law – with a Government-authorised Scheme. This fee is for registering the landlord and tenant details and protecting the security deposit; then providing the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of the start of the tenancy. The scheme used by Twenty Four Property Services Ltd is My Deposits. This is renewed each year for an additional fee.

• Inventory Fee - £150 to £300 (Varies depending on the Property)

  
  It is important to have a thorough inventory enabling both parties (landlord and tenant) to be treated fairly. The inventory documentation serves a number of vital functions – including providing a catalogue of the let property, an unbiased record of its condition and any items included in the tenancy.

• Contract Renewal Fee - £200

  
  If both parties agree that the tenant can stay for another term, this cost covers the contract negotiation, amending and updating the terms and arranging a further tenancy and agreement.

• Additional Property Visits - £60

  
  If a visit (over and above the property visits included in the monthly fee) is required – for example at the specific request of the Landlord, or to resolve a neighbour dispute - a fee is charged. If a visit (over and above the property visits included in the monthly fee) is required – for example at the specific request of the Landlord, or to resolve a neighbour dispute - a fee is charged.

• Gas Safety Certificate - £90

  
  The Gas Safety (Installation and Use) Regulations 1998 state that all let and managed properties must be tested annually for safety. We will appoint a Gas Safe Engineer to do this, and this fee covers arranging access and retaining the certificate. This charge includes the cost of the certificate.

• Electrical Certificate - £150

  
  An Electrical Safety Check is recommended on your fixed wiring circuit every 5 years. As a Landlord it is your responsibility to ensure your Electrical Circuit are safe. To do this, you need an Electrical Safety Check to be carried out. This can only be carried out by a ‘NIEC’ qualified electrician, of which we have many we use regularly. If you require us to arrange the Electrical Checks for you, the following charges will apply. This charge includes the cost of the certificate.

• Energy Performance Certificate - £100

  
  The EPC will also state what the energy-efficiency rating could be if improvements are made, and highlights cost-effective ways to achieve a better rating. Even if you rent your home, some improvements noted on the EPC may be worth implementing, such as switching to more energy-efficient light bulbs. EPCs are valid for 10 years from when issued.

• Landlord License Fee - £700
  Landlord License Administration Fee - £250

  
  Fill out and submit Waltham forest landlord license application and respond to any specific query relating to the application from Waltham forest.

• Arrangement Fee For Works Or Refurbishment Over £1000 - 10% of net cost

  
  Arranging access and assessing costs with contractor. Ensuring work has been carried out in accordance with the specification of works.

• Withdrawal Fee - £150

  
  When a Landlord dis-instructs Twenty Four Property Services Ltd before a tenant’s application has been processed

• Withdrawal Fee - £500

  
  When a Landlord dis-instructs Twenty four Property Services Ltd after a tenant’s application has been processed.

• Withdrawal Fee - 3 Calendar Months Rent

  
  When a Landlord withdraws from a fully managed service and wishes to retain the tenant.

• Sale of Property Fee -1.8%

  
  If the tenant went on to purchase the rental property.