Lettings Fees
Fee Structure
Full Management – 12% + VAT of monthly rent (14.4% inc VAT)
Rent Collection – 8% + VAT of monthly rent (9.6% inc VAT)
Tenant Find Service – 100% + VAT of the 1st months rent (120% inc VAT)
Additional charges:
Rent & Legal Protection Insurance – additional 4.2% of monthly rent (no VAT on insurance)
Inventory Costs
| Bedrooms | Unfurnished | Furnished |
|---|---|---|
| 1 Bed | £120+VAT (£144 inc VAT) |
£150+VAT (£180 inc VAT) |
| 2 Bed | £135+VAT (£162 inc VAT) |
£165+VAT (£198 inc VAT) |
| 3 Bed | £150+VAT (£180 inc VAT) |
£180+VAT (£216 inc VAT) |
| 4 Bed | £165+VAT (£198 inc VAT) |
£195+VAT (£234 inc VAT) |
| 5+ Bed | POA | POA |
Checkout Costs
| Bedrooms | Unfurnished | Furnished |
|---|---|---|
| 1 Bed | £90+VAT (£108 inc VAT) |
£110+VAT (£132 inc VAT) |
| 2 Bed | £100+VAT (£120 inc VAT) |
£120+VAT (£144 inc VAT) |
| 3 Bed | £110+VAT (£132 inc VAT) |
£130+VAT (£156 inc VAT) |
| 4 Bed | £120+VAT (£144 inc VAT) |
£140+VAT (£168 inc VAT) |
| 5+ Bed | POA | POA |
Additional Charges
| Charge | Fully Managed | Rent Collection / Tenant Find |
|---|---|---|
| Fixed term tenancy renewal | £150+VAT (£180 inc VAT) |
£175+VAT (£210 inc VAT) |
| Service of section notices | Included | £150+VAT (£180 inc VAT) |
| Dealing with a deposit dispute | Included | £100+VAT (£120 inc VAT) |
The maximum the tenant will be charged shall not exceed the remaining rent due under the tenancy agreement or that of the likely void period until a replacement tenant is found.
If you refuse to complete a letting of the Property after you have approved it in principle and after the prospective tenant has committed funds to the transaction in terms of a holding deposit then you agree to pay to Minors & Brady a fee of £500 plus VAT in addition to any invoices for any work arranged on your behalf.
