Date Published 01 September 2022
For most landlords, there are two main factors to consider when appointing a new letting agent; the level of service, and the cost. Hopefully by the time you are reading this, you are already aware of the award-winning service and reputation that the We Let Properties team have built, therefore it ultimately has a huge impact on the return of your property investment, let's get straight to it and talk fees;
Since the Tenant Fees Act 2019 came into effect, navigating the world of landlord fees can be a tricky and confusing task. When comparing agents, you need to consider what is included and whether there are any hidden fees.
To make it easy for you to compare We Let Properties with other agents, we have continued to operate on a flat fee, all-inclusive basis so there are only three fees applicable for any managed tenancy;
Tenancy set-up:
Monthly management:
Tenancy renewal:
These fees include everything required to ensure a successful tenancy;
*Tailored marketing description and photographs of your property on all major letting portals
*Filming and editing a virtual video tour of your property
*Comprehensive referencing & Right to Rent check of all tenants
*Electronically signed tenancy agreement and supporting documents
*Fully detailed professional written & photographic inventory
*Deposit registration within a government approved custodial scheme
*New tenancy notifications to utility providers and local authority
*Mid-term property inspections
*Check out inspection report and deposit deduction negotiations
*Facilitating any post check-out remedial works
When comparing We Let Properties with other agents, in addition to their set-up fees, don't forget to check if there are any additional fees. The most common questions you should ask are;
What is the charge to reference each tenant / guarantor and is this payable if the referencing fails?
How much is an inventory?
Is there a fee to register the deposit?
Is there an annual fee to renew the deposit registration?
Would a video tour be conducted and is there a charge?
Are there any fees relating to the check out?
We Let Properties are a dedicated letting agent, we understand that your property investment has to be as profitable for you as possible therefore our flat rate fee structure is designed to help you forecast your tenancy finances.
