Landlord Fees

Fair-Way Properties believe in a fair, clear and open fee principle, as such we have all of our fees clearly displayed in our office and online at www.fwproperties.co.uk.

Full Property Management Fees

Our fees are based on a two tier fixed fee structure:

For a property with a rental price below £600.00 pcm the Full Property Monthly Management Fee is £59.00 Inc Vat per month.

For a property with a rental price of £600.00 pcm and above the Full Property Monthly Management Fee is £69.00 Inc Vat per month.

Initial Costs

Fees due upon successful rental of the property:

FeeInc. VATEx VAT
Full Management Setup Fee£379£315
Inventory & Checkout Service (Combined)£12 Per Room*1£10 Per Room*1

Please Note: The Full Management Setup Fee includes the cost of the tenant referencing which we are now unable to charge the tenants due to the Tenant Fee Ban Legislation effective from 1st June 2019.

 

Additional Fees:

FeeInc. VATEx VAT
Renewal Fee (New Fixed Term Tenancy Agreement)£150£125
Issuing of Section 8 Notice£150£125
Issuing of Section 21 Notice£150£125
Professional Hourly Rate£30*2£25*2
Issuing of Section 13 Notice£30£25
Issuing Standard Possession Order£300*3£250*3
Issuing Accelerated Possession Order£300*3£250*3
Issuing Warrant of Possession£150*4£125*4
Fire Safety Test£50£41.67
Loan Heating During Repair£120*5£100.00*5

* 1 – Please note that there is a minimum charge of £96 Inc Vat (£80 +Vat)
* 2 – Charged by Fair-Way Properties when required
* 3 – Please note that the cost of the Possession Order is not included in the admin fee
* 4 – Please note that the cost of the Warrant is not included in the admin fee
* 5 – Fair-Way Lettings will loan sufficient heaters to the tenants during a repair on a Boiler or Electrical Heating System for the duration of the repair, Subject To Availability

Rent Collect Fees

We charge a fixed price of £36 Inc Vat (£30 + VAT) per month to collect the rent, produce a rental statement and pay it into the account of your choice.

This service includes us chasing any late rental payments if necessary.

Initial Costs

FeeInc. VATEx VAT
Rent Collect Setup Fee£449£374.17
Inventory Fee£12 Per Room*1£10 Per Room*1
Fire Safety Test£50£41.67

Please Note: The Rent Collect Setup Fee includes the cost of the tenant referencing which we are now unable to charge the tenants due to the Tenant Fee Ban Legislation effective from 1st June 2019.

 

Additional Fees:

FeeInc. VATEx VAT
Renewal Fee (New Fixed Term Tenancy Agreement)£150£125
Issuing of Section 8 Notice£150£125
Issuing of Section 21 Notice£150£125
Professional Hourly Rate£30*2£25*2
Issuing of Section 13 Notice£30£25
Issuing Standard Possession Order£300*3£250*3
Issuing Accelerated Possession Order£300*3£250*3
Issuing Warrant of Possession£150*4£125*4
Fire Safety Test£50£41.67
Loan Heating During Repair£120*5£100.00*5
Holiday Management Cover£30 per week£25 per week

* 1 – Please note that there is a minimum charge of £96 Inc Vat (£80 +Vat)
* 2 – Charged by Fair-Way Properties when required
* 3 – Please note that the cost of the Possession Order is not included in the admin fee
* 4 – Please note that the cost of the Warrant is not included in the admin fee
* 5 – Fair-Way Lettings will loan sufficient heaters to the tenants during a repair on a Boiler or Electrical Heating System for the duration of the repair, Subject To Availability

Tenant Find Fees

Initial Costs

FeeInc. VATEx VAT
Tenant Find Fee £599 £499.17
Inventory Fee£12 Per Room*1£10 Per Room*1
Deposit Registration Fee£50£41.67
Fire Safety Test £50 £41.67

Please Note: We require use of all our tenancy paperwork to ensure ongoing legal compliance.

The Tenant Find Fee includes the cost of the tenant referencing which we are now unable to charge the tenants due to the Tenant Fee Ban Legislation effective from 1st June 2019.

 

Additional Fees:

FeeInc. VATEx VAT
Renewal Fee (New Fixed Term Tenancy Agreement)£200£166.67
Issuing of Section 8 Notice£200£166.67
Issuing of Section 21 Notice£200£166.67
Professional Hourly Rate£50*2£41.67*2
Issuing of Section 13 Notice£50£41.67
Issuing Standard Possession Order£399*3£332.50*3
Issuing Accelerated Possession Order£399*3£332.50*3
Issuing Warrant of Possession£200*4£167.67*4
Fire Safety Test£50£41.67

Please Note: additional Services are only available at our discretion and is subject to correct paperwork availability.

* 1 – Please note that there is a minimum charge of £96 Inc Vat (£80 +Vat)
* 2 – Charged by Fair-Way Properties when required
* 3 – Please note that the cost of the Possession Order is not included in the admin fee
* 4 – Please note that the cost of the Warrant is not included in the admin fee
* 5 – Fair-Way Lettings will loan sufficient heaters to the tenants during a repair on a Boiler or Electrical Heating System for the duration of the repair, Subject To Availability

Commission

We may also receive commission from (but not limited to):

  • Contractors
  • Insurance companies
  • Referencing companies
  • Utility providers

The price you are quoted is the price you pay, often companies we work with on a regular basis pay us a commission due to the number of referrals or the amount of work passed to them.

You are not bound to use the services provided by our recommended 3rd party companies, however due to GDPR and Liability Insurance we cannot instruct your contractors but will aid you in arranging this.

Client Money Protection

We are a member of Client Money Protect’s client money protection scheme.

Our membership number is: CMP003631

As members of Client Money Protect funds held by us are protected up to £500,000 with a single claim limit of £25,000 per client.

See https://www.clientmoneyprotect.co.uk/ for more details.

Download our certificate here.

The Property Ombudsman

We are a member of The Property Ombudsman redress scheme.

Our membership number is: T00376

See https://www.tpos.co.uk/ for more details.