FULL PROPERTY MANAGEMENT
Our comprehensive property management service is tailored to each landlord’s requirements. Services may include marketing, arranging viewings, tenancy administration, rent collection, monthly landlord statements, coordination of repairs and maintenance, routine communication with tenants and ongoing management of the tenancy.
Management fee: 10% of the monthly rent.
The exact scope of service will be confirmed in the landlord’s written Terms of Business and Management Agreement.
Additional landlord charges
Additional services such as inventories, professional cleaning, contractor works and specialist reports are charged at the third-party supplier’s actual cost and will be agreed with the landlord before instruction. Any fixed administration, advertising or tenancy set-up fees will be confirmed in the landlord’s Terms of Business before instruction.
10% of rent
Monthly
RENT COLLECTION AND MANAGEMENT SUPPORT
We collect rent through our designated client account, provide clear monthly landlord statements and transfer the balance to the landlord after deducting any fees, costs or expenses authorised under the landlord’s written agreement.
We can also assist with advertising, viewings, tenancy administration and coordination of maintenance where agreed.
Management fee: 8% of the monthly rent.
The exact scope of service will be confirmed in the landlord’s written Terms of Business and Management Agreement.
Additional landlord charges
Additional services such as inventories, professional cleaning, contractor works and specialist reports are charged at the third-party supplier’s actual cost and will be agreed with the landlord before instruction. Any fixed administration, advertising or tenancy set-up fees will be confirmed in the landlord’s Terms of Business before instruction.
8% of rent
Monthly
LETTING CONSULTATION
Our letting consultation service is intended for landlords who wish to remain responsible for the ongoing management of their property.
We can assist with marketing, advertising, arranging viewings and tenancy set-up administration. After the tenancy begins, the landlord remains responsible for managing the tenancy and complying with all continuing legal obligations unless additional services are agreed in writing.
Fee: 6% of the annual rent, payable at the start of the service.
The exact service and fee will be confirmed in writing before instruction.
6% of yearly rent
Up front
Terms and conditions apply. Full details available on request.
VAT: LetSimple Ltd is not currently VAT registered. No VAT is added to the fees shown.
TENANT FEES AND PERMITTED PAYMENTS
TENANT FEES AND PERMITTED PAYMENTS
LetSimple Ltd does not charge tenants administration, referencing, viewing, check-in, check-out or tenancy renewal fees where these are prohibited under the Tenant Fees Act 2019.
Depending on the tenancy and circumstances, tenants may be required to make the following permitted payments:
• Rent, as stated in the tenancy agreement.
• A refundable holding deposit of no more than one week’s rent.
• A refundable tenancy deposit of no more than five weeks’ rent where the annual rent is below £50,000, or no more than six weeks’ rent where the annual rent is £50,000 or more.
• Payments to change the tenancy at the tenant’s request, capped at £50 unless the reasonable costs incurred are higher.
• Payments associated with the tenant’s early termination of the tenancy, limited to the landlord’s loss and the agent’s reasonable costs.
• Interest on rent which is at least 14 days overdue, calculated at no more than 3% per annum above the Bank of England base rate.
• The reasonable cost of replacing a lost key or other security device, supported by evidence of the cost incurred.
• Payments for utilities, communication services, television licence and Council Tax where the tenant is responsible under the tenancy agreement.
All payments are subject to the tenancy agreement and applicable legislation.