Landlord Fees

WATTS THE FEE STRUCTURE FOR LANDLORDS?

 

PREMIUM PACKAGE

The initial set up fee is £270 including VAT for an unfurnished property.

OR

£300 including VAT for a furnished property.

We then charge 10% plus VAT of the gross rent collected per month as a management fee plus standard referencing and rent guarantee.

Example:

If rental income is £450 PCM our fee would be £45 plus VAT (£9) = £54 per month.

 

STANDARD PACKAGE

The fee is £450 including VAT, plus standard referencing.

 

BASIC PACKAGE

The fee is £180 including VAT, plus standard referencing if required.

 

RENT GUARANTEE & STANDARD REFERENCING

Rent guarantee for Premium Package is £85 including i.p.t. and VAT for the lead tenant, renewable every six months.  Plus, a one off standard referecing cost of £40 including i.p.t. and VAT for each additional tenant.

 

STANDARD REFERENCING FOR STANDARD & BASIC PACKAGE SERVICES

The fee is £40 including i.p.t. and VAT per tenant *.

 

* All prospective tenants over the age of 18 must be referenced.

All negotiations with Robert Watts Property Management are subject to contract.