Has your Letting agent increased their fees to you? At Humberts we are not increasing our standard fees!
From tomorrow, the Tenant Fees Act 2019 will officially end most fees charged to tenants and for many landlords, this will likely lead to an increase in the amount they pay to their letting agent. Unlike most agents, we are not having to significantly increase our charges, because we haven’t been charging our tenants any fees (apart from the cost of referencing and check-outs) since the Tenant Fee Ban Bill was announced in 2017! So we are not increasing our standard fees and will only be passing the cost of referencing and end of tenancy check-outs to our landlords.
Here are the main fees our landlords can expect to pay when letting their property with us:
Level of Service:
Let Only: 7.2%
Rent Collection: 9.6%
Rent Collect Plus: 12%
Fully Managed: 14.4%
Referencing Fee: £48 per tenant or guarantor
Tenancy set-up Fee: £288
Inventory Fee: Dependent on the number of bedrooms and/or size of the property and outbuildings.
Check out Fee: Price varies dependent on the size of property.
Tenancy Renewal Fee: £144
All fees are quoted are inclusive of VAT.
If you would hear more about our forward-thinking, customer-focused approach, we would love to hear from you.