Landlord Fees

Organise an Energy Performance Certificate

• All properties marketed must have a valid EPC (Energy Performance Certificate).
• Certificates last 10 years.
• Martin & Wheatley Limited can arrange this on your behalf if requested.

Advise your Mortgage Company that you intend to let your home

• You must have consent from your mortgagee to let the property.
• Many tenants will ask for evidence of it and your tenancy agreement will state that you have consent.

Land Registry Title Number

• Please advise Martin & Wheatley Limited of this at your earliest convenience.
• Information available at 

  Services and Fees

  • The following is a basic outline of our services provided and related fees.
  • Full written details of our services are given in our terms and conditions which are available on request.

  Let Only and Rent Collection Services

  • Arrange a market appraisal
  • Advise current market conditions, rents, any beneficial works
  • Advertise on-line and in press where requested and appropriate
  • Erect a To Let board
  • Carry out viewings, introduce applicants, encourage offers and present them when received and appropriate
  • Carry our referencing where required
  • Prepare Tenancy Agreement where required and subject to fee as listed
  • Obtain and hold a deposit as stakeholder or as stated in Tenancy Agreement, for duration of contract
  • Demand Rent and monies due from tenants
  • Submit statement to landlord via email in accordance with rent schedule
  • Withhold tax for overseas landlords until we receive tax exemption certificate

  Let Only and Rent Collection Commission 

  • If we are instructed to let and collect the rent for the premises, then a Commission Percentage being 12% incl. VAT of the gross Rent, premium or other money payable throughout the initial fixed Term and any continuation, extension or renewal of it.

  Management Services

  In addition to the services as detailed above in Letting and Rent Collection we will, in normal course of business, do the following:

  • Carry out day-to-day repairs and pay for them from rents, floats or monies supplied by landlord
  • Visit the property periodically (usually every 6 months) and provide a general report on condition
  • Subject to sufficient funds held on behalf of landlord pay bills relating to the property
  • Arrange maintenance contracts where requested
  • Notify services and utilities of occupancy changes
  • Arrange gas safety records and other legislative obligations
  • Negotiate deposit returns at end of tenancy or until parties agree to referral to TDS

  Letting, Rent Collection and Management Commission

  • If we are instructed to let and manage the premises, then our Commission is a total of 18% incl. VAT of the gross Rent premium or other money payable throughout the initial fixed Term and any continuation, extension or renewal of it whether fixed Term or periodic.

  Management Only Service Commission

  • Where a tenant is found by the landlord or already in place and we are instructed just to manage our fees are 7.2% incl. VAT of the gross rent.

  Short Term Lets

  • Where we negotiate for the landlord a Short Term Let of up to 6 months our let only and rent collection service will be 18% incl. VAT and fees for Fully Managed are 24% incl. VAT.

  Sales Commission

  • Where a tenant or any other person who has been introduced to the property by the Agent or the Tenant purchases the property, a commission of 1.8% incl. VAT of the purchase price is due to the agent.

  Additional Services

  The following services are in addition to the above and subject of an additional charge: 

  • The following services are in addition to the above and subject of an additional charge:
  • Preparation of our standard Tenancy Agreement is £295 incl. VAT.
  • Memorandum of Agreement prepared for extending a Tenancy including a Rent review. £120 incl. VAT.
  • Visits during a void period using our caretaking service will be £50 incl. VAT for one visit each week during office hours.
  • Supervise the partial or total refurbishment of the Premises for a fee of 12% incl. VAT of the total cost of the work but subject to a minimum fee of £500 incl. VAT.
  • The administration fee for membership of the Tenancy Deposit Scheme (“TDS”) is £30 incl. VAT per tenancy paid annually in advance.
  • Preparation of documentation for County Court proceedings or TDS/mydeposits/DPS adjudication will be £120 incl. VAT plus our reasonable costs and expenses.
  • Attendance at court or any tribunal on your behalf will be charged at £120 incl VAT per hour plus our reasonable costs and expenses.

  If requested the cost of advertisements in specialist publications, preparation of brochures detailing the particulars of the Premises including photographs (where applicable) may be subject to an additional charge. Full details will be provided on request.
  
  
  
  Download Landlord fees document