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Landlord Fees

Service Options

We aim to provide a very personalised service to each and every client. To this end we offer a variety of options for Residential Letting and Management.

We have detailed below our Service Level Options and the fees in relation to this.  If you do not find a service that fully matches your requirements then please do not hesitate to get in touch with us to discuss further.  We are always happy to tailor make a bespoke Property Letting or Management service for our clients.

Lanigan Estates Ltd are members of The Property Ombudsman (TPO) which provides a free, fair and independent service for dealing with unresolved disputes between agents and consumers.  We follow TPO’s Code of Practice which sets standards for property professionals.  This Code of Practice can be found on their website at www.tpos.co.uk or please feel free to ask us directly.

Lanigan Estates Ltd also belong to a Client Money Protection Scheme (CMP) run by The National Approved Letting Scheme (NALS).  For more details about this scheme, please see the NALS website at www.nalscheme.co.uk.

Full Details of Fees for Letting and Management Services

Letting Only Fee

7% + VAT of Rent due for the Term of the Tenancy.

Full payment of the fee is due at the start of the Tenancy for this service.

This services includes:

Appraising the property, marketing and finding a suitable tenant

Taking up full references

Preparing all the necessary documentation including the tenancy agreement

Collect the 1st month’s rent and deposit, remit monies as required/agreed

Arranging for an inventory to be prepared (at additional cost – see below) if required

Personally accompanied check-in with the tenants and handover to the Landlord

Letting and Management Service fee

12% + VAT of Rent due for the Term of the Tenancy including any renewals or extensions.

Payment of this fee is paid monthly through rent funds collected.

This service includes:

All of the above services (as described under Let Only Fee)

Register, hold and maintain a tenant deposit under The Tenancy Deposit Scheme until the end of the Tenancy

Collect monthly rent and remit monies to the landlord on a monthly basis less any fees or expenses due or incurred for the period

Provide monthly account statements for the property (by electronic means)

Make any necessary payments to HMRC on behalf of a landlord to comply with the Non-Resident Landlord Scheme and file returns as required

Arrange with utility and service providers (such as the suppliers of electricity, gas, water and Council services) for meter readings to be taken and advising them of the transfer of service contracts to the tenant(s) at the beginning and end of each tenancy

Carry out inspections of the property twice yearly and report to  landlord any issues arising

Co-ordinate repair or maintenance including inspection of issues, arrange for tradesmen to attend the property, obtain estimates where necessary, supervise works and settle accounts

Arrange any Gas Safety, Electrical or PAT testing and EPC as and when required to ensure legal obligations are met

Make payments on behalf of the Landlord, from rents received, for water rates, insurance premiums, Council Tax, electricity, gas, service charges and other necessary expenditure when applicable

Carry out a full property inspection and inventory check at the end of each tenancy and deal with matters relating to unfair wear and tear before releasing the tenant’s deposit

Property Management Fee

6% + VAT of Rent Due

The fee is payable monthly when the rent is collected by ourselves.  If the rent is not collected by ourselves then the fees are payable quarterly in advance.

We are happy to provide this service if you have a current tenancy in place with no current option for management or you are out of contract and freely able to move your services.

This service includes:

All of the services detailed above in the Property Management section excluding and Let Only Services

Let Only and Rent Collection Fee

8% + VAT of the Rent due for the Term of the Tenancy.

This service includes:

All of the above services detailed above in the Let Only Fee section

Collect monthly rent and remit monies to landlord on a monthly basis less any fees or expenses due or incurred for the period

Providing monthly account statements for the property by electronic means

Additional Optional Services & Fees

Inventory – Price on Application.  This cost varies depending on each property due for various reasons including size, furnished/unfurnished etc

Deposit Hold – £30 inclusive of VAT per annum (Included in Full Management Service)

Vacant Property Management – £90 inclusive of VAT per month

Management of Renovation Works/Projects – 5% + VAT of Net Project Cost

Professional photographs and floorplan – £120 inclusive of VAT (optional but advised)

Lanigan Estates Ltd, run and personally managed by Jessica Sebastian, her father Peter and an excellent team, have managed my property portfolio in London for over 10 years.  The service they provide is comprehensive, honourable, fast, fair, accessible, efficient and effective. Bank transfers are made on time without exception. I have never had a problem with a tenant over the years as Lanigan Estates with their hands on, personal approach ensure that Landlords receive a stress free service.
Current Overseas Landlord
 

  • What our customers say

    I have had a really good experience with Lanigan Estates Ltd while I was living in Battersea. From the very first moment they have shown me to be really helpful, quick to respond to my emails, answering all questions and providing all information requested in a very accurate and professional manner. 
I truly recommend this agency, which has been the best I approached so far in my flat hunting.
    Sara Marino, Ex-Tenant