Landlord Fees and Charges
Know what fees and charges to expect as a landlord
Professional Property Management Services by Streets Ahead
Entrusting Streets Ahead with your property management or rent collection needs ensures you’re collaborating with a dedicated team of seasoned professionals. Our Property Management team consists of extensively trained experts, boasting extensive years of hands-on experience in effectively managing properties. This substantial team remains continuously informed about the latest regulations and legislation, ensuring you’re in compliance while maintaining a seamless operation.
Accessible round the clock, our large team is prepared to address your enquiries and concerns anytime, 24/7. The cornerstone of our approach lies in exceptional customer service, a quality our property management staff takes immense pride in. Committed to going beyond expectations, they’re always ready to provide comprehensive assistance and unwavering support, making your property management journey with Streets Ahead a reassuring and fulfilling experience.
Understanding Landlord Fees and Charges
SERVICES AND FEES
Streets Ahead Ltd. offers multiple different levels of service to our letting clients. The fees charged for these levels of service are set out in the table below.
Please be aware that all fees shown on this document – whether they are displayed as a percentage of the rental value or as a single figure – are inclusive of VAT.
| Service | Fee | Net of VAT |
|---|---|---|
| Letting with Full Property Management Service | 20.4% (17% VAT) | 17% |
| Letting with Rent Collection Service | 14.4% (12% VAT) | 12% |
| Letting only | 12.0% (10% VAT) | 10% |
| Minimum Let Only Fee | £900 | £750 |
What is included in the different levels of service is set out on the ‘Letting Terms of Business’ sheet which will be detailed below.
In addition to the above, the following is a list of additional services which can be offered along with the fee which a trusted third party contractor (“Third Party”) will charge for this service. Please be advised that whilst an estimate of the Third Party’s fees are provided for standard works, these fees are subject to change. Works which are not routine will be subject to their own fees. The Agent will not be responsible for the fees quoted or charged by the Third Party, though the Agent will provide the Owner with an estimate of costs before instructing work and seek the appropriate authority to proceed, unless such authority has already been given within this Agreement. Where the Third Party fee is not known, the field will read ‘TBC’ or similar, or be left blank.
SERVICES
| Service | Inc. of VAT | Net of VAT |
|---|---|---|
| Tenant Referencing & Right to Rent Checks: per Tenant | £60.00 | £50.00 |
| Tenancy agreement / Administration fee and AML checks | £378.00 | £315.00 |
Deposit Registration
| Service | Inc. of VAT | Net of VAT |
|---|---|---|
| Let only | £60.00 (1st Year) | £50.00 (1st Year) |
| Managed & Rent Collect | FOC 1st year | |
| All Services Thereafter | £30.00 annually | £25.00 |
Streets Ahead will hold deposit on behalf of landlord in TDS Scheme G04934
Check In & Check Out Fee: Each as follows:
| Property Type | Inc. of VAT | Net of VAT |
|---|---|---|
| Studio / 1 Bedroom Property | £180.00 | £150.00 |
| 2 Bedroom Property | £200.00 | £167.00 |
| 3 Bedroom Property | £225.00 | £187.50 |
| 4 Bedroom Property | £275.00 | £229.00 |
| 5 Bedroom Property or More | Price On Application | |
Check Out to be deducted when Notice is given
Utilities:
| Service | Inc. of VAT | Net of VAT |
|---|---|---|
| Gas Safety Certicifate – Renewable Annually | £102.00 | £85.00 |
| Energy Performance Certificate | £144.00 | £120.00 |
| Electrical Installation Condition Report (EICR) | £234.00 | £195.00 |
Additional Key Cutting
| Service | Inc. of VAT | Net of VAT |
|---|---|---|
| Renewable Annually | £30.00 Per Set Plus Cost of Keys | £25.00 |
Additional Landlord Fees
| Inc. of VAT | Net of VAT | |
|---|---|---|
| Use of Landlords Own Tenancy Agreement: To be approved by our Solicitor |
£180.00 | £150.00 |
| Withdrawal Fee: If Landlord withdraws with prospective Tenant |
£420.00 | £350.00 |
| Guarantor Reference Fee: Landlord Cost |
£180.00 | £150.00 |
| Tenancy Renewal Fee: Renewal of new AST agreement |
£342.00 | £285.00 |
| Change of Tenant Fee: Preparation of new AST agreement |
£342.00 | £285.00 |
| Additional Referencing: per Tenant |
£60.00 | £50.00 |
| Submission of Deposit Dispute: | ||
| Application for Landlord Licence: Overseas L/Lords only Administration Fee |
£504.00 Plus Licence Charge | £420.00 |
| Oversee Major Works: Applies to Major works over £600.00 |
Price on Application | |
| Submission of NRL Tax to HMRC: Overseas L/Lords only Administration Charge per quarter in relation to forwarding monies to Inland Revenue on your behalf |
£90.00 | £75.00 |
| Annual Submission of Section 19 Report to HMRC: All Landlords |
£30.00 | £25.00 |
| Annualised Income & Expenditure Statement: For Self-Assessment, or submission to Accountant |
£90.00 | £75.00 |
| Issuing Notices: Section 21 / Section 8 Fully Managed & Rent Collection |
£238.80 | £199.00 |
| Property Visits: At request of Landlord Rent Collect and Let Only. |
£90.00 | £75.00 |
| Additional Property Inspections: Fully Managed properties At Landlords request |
£90.00 | £75.00 |
| Attending Property at Landlord Request: For access purposes re: deliveries, Contractors etc. |
£60.00 per hour | |
| Attending Court on Landlord behalf: | £350 Per Day Per Person Plus Travel Costs | |
We are Members of the Propertymark Client Money Protection Scheme Ref: C000242
Business Names & Scheme Membership Details
Legal Name of Business:
Streets Ahead Residential Lettings Limited
219-221 Lower Addiscombe Road
Croydon
CR0 6RB
Trading As:
Streets Ahead
Registered Office Address:
82 St. John Street
London
EC1M 4JN
Company Registration Number:
04857517
Place of Registration:
England & Wales
We are Members of the following Client Money Protection Scheme Ref: C0002420
Propertymark (Formally NFoPP)
Arbon House
6 Tournament Court
Edgehill Drive
Warwick
CV34 6LG
We are Members of the following Redress Scheme Membership Number: N02275-0
The Property Ombudsman
Milford House
43-45 Milford Street
Salisbury
Wiltshire
SP1 2BP
We are Members of the Tenancy Deposit Scheme Membership Number: G04934
The Dispute Service Limited
PO Box 1255
Hemel Hemstead
Herts
HP1 9GN