Landlord fees

Our Letting and Management charges will vary depending on the type of property you have and the duration of let. For further information, please request a copy of our Lettings and Management Terms and Conditions from your local office and the fees chargeable

CBRE Limited is a member of a Client Money Protection Scheme (‘CMPS’) which has been approved or designated by the Secretary of State pursuant to regulations. This scheme is called the ‘RICS Client Money Protection Scheme’.  Where the scheme administrator (of an approved or designated CMPS) has provided a certificate confirming membership of the scheme to us, we can produce a copy of the certificate to any person who may reasonably require it free of charge.  A copy of the certificate can be viewed by clicking here.

Letting Service:

 

Long Let (6 months or more) = 11% + VAT (13.2% inc VAT)
Short Let (Less than 6 months) = 18% + VAT (21.6% inc VAT)

  • Agree a market rent
  • Provide advice on market conditions
  • Advise on best preparation and presentation of your property
  • Discuss non-resident tax status and HMRC deductions (if applicable)
  • Commence marketing and advertising on relevant portals
  • Conduct accompanied viewings
  • Negotiate offers to source a tenant and secure holding deposit
  • Carry out third party referencing
  • Prepare and administer Tenancy Agreement (fees apply)
  • Collect initial rent payment, Tenant deposit and other administration costs
  • Register Tenants deposit (fees apply)
  • Organise Inventory and check-in (fees apply)
  • Deduct commission and other pre-tenancy invoices. Submit invoice for balance of commission fees (where applicable)
  • Negotiate renewal, prepare and present documentation (fees apply)
  • Release Tenants deposit once agreement is reached between Landlord and Tenant
  • Register Tenants deposit (fees apply)

 

Letting and Management Service:

 

Long Let (6 months or more) = 17% + VAT (20.4% inc VAT)
Short Let (Less than 6 months) = 25% + VAT (30% inc VAT)

  • Agree a market rent
  • Provide advice on market conditions
  • Advise on best preparation and presentation of your property
  • Discuss non-resident tax status and HMRC deductions (if applicable)
  • Organise an Energy Performance Certificate (EPC)
  • Commence marketing and advertising on relevant portals
  • Ensure the Landlord Complies with their statutory obligations
  • Conduct accompanied viewings
  • Negotiate offers to source a tenant and secure holding deposit
  • Carry out third party referencing
  • Prepare and administer Tenancy Agreement (fees apply)
  • Collect initial rent payment, Tenant deposit and other administration costs
  • Hold keys throughout the Tenancy Term
  • Register Tenants deposit (fees apply)
  • Organise Inventory and check-in (fees apply)
  • Deduct commission and other pre-tenancy invoices. Submit invoice for balance of commission fees (where applicable)
  • Collect and forward rent throughout the Tenancy
  • Conduct property inspections at least once per annum and provide feedback to the landlord
  • Deal with and arrange for repairs through approved contractors
  • Pay invoices resulting from repairs, ground rent, service charges and other Property related outgoings
  • Prepare statements detailing rent received as well as any other income or outgoings in respect of the Property
  • Provide a Property Management emergency out of hours service.
  • Deal with day to day management matters
  • Negotiate renewal, prepare and present documentation (fees apply)
  • Organise inventory check-out
  • Deal with the end of Tenancy and any related issues such as damage caused by the Tenant
  • Release Tenants deposit once agreement is reached between Landlord and Tenant
  • Submit any disputed amount to the Tenancy Deposit Scheme for adjudication
  • Unprotect security deposit

 

In addition to the above Lettings fees, the following fixed charges will apply:

 

Renewal term (Renewal, extension or holding over)

 

  • Long let letting 8% (9.6% inc VAT)
  • Rent collect letting service 9% (10.8% inc VAT)
  • Long let letting and management service 14% (16.8% inc VAT)
  • Management service This will be charged at the same rate as above
  • Short let tenancies These will be charged at the same rates as above

 

Additional charges:

 

  • Rent and legal protection service - Guarantee insurance including legal expenses cover 2% (2.4% incl VAT). (I understand that I will be noted as an interested party in CBRE’s insurance policy)

  • Tenancy Agreement preparation charge (Initial term) £275 (£330 inc VAT)

  • Tenancy Agreement preparation charge (renewal) £200 (£240 inc VAT)
  • TDS protection and administration charge £50 (£60 inc VAT)
  • Enhanced Referencing per Tenant/ Guarantor (Assured Shorthold Tenancy only) £50 (£60 inc VAT)
  • Addenda or memoranda £200 (£240 inc VAT)
  • Abortive letting fee One Week’s rent
  • Purchases by Tenants introduced by CBRE 2% (2.4% inc VAT)
  • Key cutting Cost of keys plus £30 (£36 inc VAT)
  • Copy of documents £10 per document (£12 inc VAT)
  • Furnishing and refurbishment service 10% (12% inc VAT)
  • Courier charges At cost
  • Attendance at formal proceedings £120 per hour (£144 inc VAT)
  • Post-purchase, pre-let service £700 (£840 inc VAT)
  • Additional Property inspection £50 (£60 inc VAT)
  • Additional annual landlord statement: £50 (£60 inc VAT)
  • Smoke alarm (per alarm) £90 (£108 inc VAT)
  • Carbon monoxide (per alarm) £95 (£114 inc VAT)