12% of rent (plus VAT)
Includes:
This fee will also be due on every tenancy renewal.
Long Let (fees apply per property):
Short Let (fees apply per property):
Includes:
This fee will also be due on every tenancy renewal.
Other Fees:
The following additional charges apply to both Lettings Service and Management Service in addition to the fixed fee stated above.
| A New Tenancy Administration Fee (This fee contributes towards negotiating the tenancy, collecting references on the tenant (and guarantor, if applicable), drawing up the tenancy agreement, sending Health & Safety documents and How To Rent Guide to tenants, protecting the security deposit with a government-approved scheme and providing the tenant with a deposit certificate and prescribed information.) | £350 |
| A Tenancy Renewal Fee (This fee goes towards negotiating renewal terms, updating contract terms, registering the additional deposit amount (if necessary) and providing the tenant with a deposit certificate and prescribed information within 30 days of the start of the tenancy.) | £150 |
| Anti-Money Laundering and Identification Checking Fee | £30 |
| Professional Inventory/ Check-In Report | £150 - £400 depending on the size of the property |
| Check-Out Report | £120 - £300 depending on the size of the property |
| Cleaning | £160 - £450 depending on the size of the property |
| Additional Property Inspection | £100 |
| Carbon Monoxide Alarm Installation | £70 |
| Combined Gas and Portable Appliance Test | £200 |
| Gas Safety Certificate | £110 |
| Combined Gas and Portable Appliance Test | £200 |
| Energy Performance Certificate | £120 |
| Electrical Installation Condition Report (EICR) | £200 - £300 depending on the size of the property |
| Legionella Risk Assessment | £120 |
| Portable Appliance Test | £150 |
| Smoke Alarm Installation | £50 plus £30 per alarm |
| Works over £1000 (This fee applies for any major repairs and refurbishment works and contributes towards the administration and project management.) | 12% (10% + VAT) of the invoice total |
| Section 21 | £100 |
| An Early Surrender of Tenancy Fee | £300 |
| International/Same Day Bank Transfers | £30 |
| Court Appearance (charged per day or part thereof) | £350 |
All fees are inclusive of VAT unless stated otherwise.
Deposit:
Once you decide to go ahead with renting a property through PVL Properties, a holding deposit equivalent to one week’s rent will be payable in order to secure the property. The holding deposit is payable via bank transfer, into our NatWest Client Account.
Once the holding deposit is paid, we will take the property off the market whilst we obtain references. If the tenancy proceeds, your deposit will be put towards your total tenancy deposit, which is equivalent to five weeks’ rent.
Other Fees:
| Contract variation, amendment or change of occupant at the tenant’s request within an existing tenancy | £50 |
| Interest on late rent where rent is more than 14 days overdue | 3% above Bank of England base rate |
| Fee for lost keys or other security devices | Actual cost of replacement |
All fees are inclusive of VAT unless stated otherwise.
The above fees are correct as of 20.04.2023 and may change in the future.
If you are a property owner looking for help letting or managing your property, please contact us directly on lettings@pvlproperties.com so we can provide a personalised quote based on your requirements.
