Landlord Fees | Greater London | Merakiproperty.com

Landlord Charges

We operate a transparent fees policy at Meraki and as there are various fees and charges

associated with renting a property through us you should be aware of these when considering

instructing us.

Letting & Renewal: 9.5% (11.4% Including VAT)* of rent for the term including any renewal

Agree the market rent and find a tenant in accordance with the landlord guidelines
Advise on current market conditions and preparation of the property for letting
Provide guidance on compliance with statutory provisions and letting consents
Erect board outside property in accordance with Town and Country Planning Act 1990
Prepare property details, market the property and advertise on relevant portals
Carry out accompanied viewings
Negotiate offers and take up references
Prepare and submit Tenancy Agreement (fee applies see below)
Collect, register & transfer the deposit with the Tenancy Deposit Scheme where appropriate
Provide tenant with method of payment
Deduct commission and any pre-tenancy invoices
Contact Landlord & Tenant prior to the end of tenancy to discuss renewal or termination
Negotiate renewal, prepare and submit documentation (fee applies see below)

* Minimum Fee London Region £750 + VAT

* Minimum Fee Other Regions £500 + VAT

Letting, Renewal, Rent Receipt & Management: 13% (15.6% Inc VAT)* of rent for the term including any renewal

In addition to the Letting, Renewal & Rent Receipt service;

Arrange Energy Performance Certificate
Administrate Ground Rent and Service Charges
Liaise with utility suppliers
Hold keys throughout the tenancy
Retain a working fund and deal with day to day management
Arrange routine repairs and instruct approved contractors (to a maximum of £600)
Approve supplier invoices
Arrange Gas Safety Record, Electrical Installation Condition Report and Portable Appliance Testing, Smoke Alarms & CO monitors
Arrange pre-tenancy cleaning
Investigate matters relating to the property
Visit the property at least twice per annum and notify landlord of outcome (or to Landlords requirements)
Provide a Property Management emergency out of hours service
Agree the check out date and time with tenant
Instruct inventory provider to prepare and check inventory with tenant
Negotiate with landlord and tenant any disbursement of the security deposit
Return deposit as agreed with landlord and tenant to relevant parties
Remit any disputed amount to the Tenancy Deposit Scheme for final adjudication

* Minimum Fee London Region £2,000 + VAT

* Minimum Fee Other Regions £1,750 + VAT

Vacant management

Dependent upon landlord requirements a minimum of £100 + VAT
Vacant management works fee 10% of net cost
Post purchase pre let £500 plus travel expenses. Consists of; Visual check and if new build liaise with surveyor re snagging, arrange for metres to be read and liaise with utility supplier, arrange gas safety, cleaning, etc

Other fees and charges you should be aware of;

Tenancy paperwork fee (landlords share) £205 + VAT
Tenant referencing £95 per tenant (The tenant referencing charge also applies to each guarantor required)
Company referencing £250 + VAT per company
Deposit registration fee £25 + VAT
Inventory 'make' fee e.g. three-bed unfurnished £200 + VAT
Inventory 'check in' e.g. three-bed unfurnished £150 + VAT
Additional property visits £75 + VAT
Copies of remittance advices £25 + VAT per copy
Arrangement fee for works or refurbishment over £1,000 12% of net cost
Insurance claims £100 + VAT per hour
Tenancy renewal fee 4% + VAT
Abortive tenancy fee £290 + VAT plus out of pocket costs
Referencing Charge - £95 or £195 + VAT per company
Preliminary Charge - £175 or £275 + VAT per company

Service of notices

Management Offer