Management

Tenant-find only: They’ll market the property, show prospective tenants around, check references and draw up tenancy agreements. They could also collect the first month’s rent and deposit. You can pay extra for an inventory and check-in on moving-in day.

Tenant find + rent collection fees: Tenant find and rent collection fees will typically cost landlords around 5 %of the monthly rent. This can be higher in London.

Full management: Full management offers the same services as tenant find + rent collection, and they’ll also manage the day-to-day running of the property while a tenant is living there, including repairs and maintenance, and returning the tenant’s deposit once they’ve made sure the inventory is still all there and nothing’s been damaged.

These agents will follow up on missed rent payments, and some also offer contract renewals and reassess rent prices based on market changes, renegotiating rent rates with existing tenants where needed.

Full management fees: Full property management fees will typically cost landlords around 8% of the monthly rent collected. This can be higher in London. For longer tenancy contracts where you’re getting guaranteed rent for longer, it could be worth seeing if your lettings agent will come down on the price.

  • Free online valuation

  • Viewing & Enquiry organiser

  • Tenant referencing

  • Contract drafting & Digital signing

  • Deposit registration

  • Letting board

  • Offer negotiation

  • Professional photos and Floor plan

  • Property dashboard to control and check progress on your advert

  • Inventory

  • Legal assistance

  • Periodic inspection

  • Maintenance

  • Notifying the local council and utilities providers of the new tenant details

  • Rent collection, including chasing arrears, and issuing late payment notices as required

  • Annual rental tax return statements

  • Gas safety check & Carbon monoxide test

  • CP12 certificate

  • 24-hour UK helpline. (T&C apply)

Lettings agents will normally operate on a “no let, no fee” basis, just like the sale of a house.

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