Tenant Fees

It’s important to understand all the fees associated with securing a rental property, so you don’t have any surprises.  These are for services provided to enable the legal requirements of letting to be met, and are typical across the industry with all reputable providers.

The costs include a holding fee, which applies to each adult who will be residing at the property, and any guarantor. One month’s rent must be paid in advance and a bond/security deposit, which is five weeks’ rent

Once the process has commenced, fees will not be refunded should you or your guarantor fail the vetting process.  This is why you need to do everything you can to get yourself ready to rent.  If you would like advice on what is needed, please give our lettings team a call.

Landlord Fees

Whether you’re an experienced landlord or thinking of letting a property for the first time, you seek a service that is supportive, candid, professional and personal.  We take time to get to understand what you want and need from your portfolio so we can maximise your investment and find you the right tenant for your property.

Lettings is much more than securing a tenant that is reliable, takes care of your property and pays their rent on time.  We provide this and much more to our landlords, we’re always on hand to offer advice on rental yield and market value rent.  More than that, our team spend time reviewing your portfolio looking at ways to benefit your bottom line whilst ensuring you’re always compliant with the ever-changing legalities that are placed on the industry.

Working with you and your tenants we secure rental agreements that are mutually beneficial as we continue to deliver results for our landlords.

Holding Deposit (per tenancy) One week’s rent.
This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Rightto-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
   
Security Deposit (per tenancy.
Rent under £50,000 per year)		 Five weeks’ rent.
This covers damages or defaults on the part of the tenant during the tenancy.
   
Security Deposit (per tenancy.
Rent of £50,000 or over per year)		 Six weeks’ rent.
This covers damages or defaults on the part of the tenant during the tenancy
   
Unpaid Rent Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
   
Lost Key(s) or other Security Device(s) Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s). 
   
Variation of Contract
(Tenant’s Request)		 £50 (inc. VAT) per agreed variation.
To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
   
Change of Sharer
(Tenant’s Request)		 £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher.
To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
   
Early Termination
(Tenant’s Request)		 Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Fully Managed 15%
This is a monthly fee deducted from the monthly rent as a percentage for collections of rents due, forwarding balance of monies to the landlord, sole agency, discharging invoices, where necessary pursuing tenant rent arrears, arrange repairs and hold keys. Moss Properties being the direct point of contact for the tenant during the tenancy term. 
   
Rent Collection 12%​
This is a monthly fee deducted from the monthly rent as a percentage for collections of rents due, forwarding balance of monies to the landlord, sole agency and holding keys. The landlord being the direct point of contact for the tenant during the tenancy term. 
   
Let Only 1st months rent​
Market property, carry out viewings, provide tenancy agreement, collect initial months rent, deduct any pre-tenancy invoices, agree collection of monies on any shortfall. The landlord being the direct point of contact for the tenant during the tenancy term.
   

Mandatory fees including VAT up to the amount displayed below for fully managed and rent collection. Optional extras for let only.

Tenancy Set Up – Per Let £240.00​
The set up fee is deducted from the first months rent it includes marketing the property, carrying out accompanied viewings, agreeing the rent, finding a tenant suitable for the guidelines provided by the landlord and draft of the tenancyagreement.
   
Inventory – Per Let - Landlords Share £240.00
An inventory is important to a landlord and tenant as this is an unbiased record of the property condition including any items, furnishings or appliances prior to the commencement of the tenancy. This fee provides a documented property condition report. A share of this fee is also payable by the tenant. 
   
Renewal Fee – Landlords Share £150.00
This cost covers the negotiation on the tenancy renewal term, updating terms of business if necessary, amending/drafting the tenancy agreement and created systematic rental demands for the next tenancy term. A share of this fee is also payable by the tenant. 
     
Bond Registration Fee – Per 6 Months £47.94
By law all tenants bonds must be registered with a Government authorised scheme, Moss Properties use The Tenancy Deposit Scheme (TDS). This fee is for protecting the bond with TDS, registering the landlord and tenants details with TDS and providing the tenants with the TDS certificate and prescribed information within 30 days of receiving any bond monies. This fee is also charged on renewal dependant on the tenancy term. 
     
Final Inspection Fee £240.00
Upon the tenants termination this fee is charged and covers arranging the move out appointment with the tenant, visiting the property to check property condition after the tenancy has ended, liaise and agree with tenant and landlord on any deductions from the bond, release any monies to landlord or tenant after unprotecting the bond, transfer any disputed amount to the TDS for adjudication, obtaining quotes for any repairs and arrangement of any repairs or replacement of any damaged or missing items. A share of this fee is also payable by the tenant.
     
Portal Advertising Fee £60.00
This fee is charged at the commencement of a new tenancy for displaying the available property on the designated portal.
     
Quarterly Inspection £60.00
It is recommended that an inventory clerk is instructed to carry out quarterly inspections to ensure that the property is being looked after by the tenants. 
     
Vacant Property Visit £60.00​
It is recommended that an inventory clerk is instructed to carry out an inspection during any vacant period to ensure no issue have occurred at the property.
     
Copy Of Statement -Per Statement £5.00
Whilst there is an active tenancy in place you will receive a statement emailed to you upon rent being received from the tenant. Should you misplace these and require copies this fee applies per statement
     
Landlord Tax Service – Per Tax Year £125.00
We can provide a property statement for each tax year to indicate all income and expenditure relating to your property income.
     
Court Attendance – Per day or part thereof £275.00
This fee applies per day in the unfortunate event that you require Moss Properties to represent you in court.
     
Pre Tenancy Clean From £120.00
This fee is applied should you wish for the property to be cleaned prior to the commencement of a tenancy.
     
Gas Safety Certificate £102.00
All gas equipment, pipe work and appliances must adhere with the gas safety (installation and use) regulations 1994. Including annual inspections by a corgi registered installer and records maintained of the work undertaken. A satisfactory inspection must be carried out at the commencement of any letting and thereafter every year. A copy of a Landlord’s Gas Safety Certificate must be provided to Moss Properties or Moss Properties can arrange this for you for this fee. This is a Landlord’s responsibility to ensure a gas certificate is carried out every 12 months.
     
Energy Performance Certificate (EPC) £102.00
An EPC is valid for 10 years and is required to be ordered before the property is marketed to let. It is the Landlord’s responsibility to provide this to the tenant. A copy must be provided to Moss Properties or Moss Properties can arrange this for you for this fee. 
     
Electrical Installation Condition Report (EICR) Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 come into force on 1st July 2020 for landlords offering new residential tenancies from 1st July 2020 onwards.
1 bedroom properties £210.00
2 bedroom properties £240.00
3 bedroom properties £275.00
4 bedrooms properties £295.00
     
Smoke Alarm - Per Alarm £49.95
It is a mandatory requirement for a landlord to have a working smoke alarm on each floor of their property. If you require Moss Properties to supply and fit a smoke alarm this fee will apply.
     
Carbon Monoxide Alarm £49.95
It is a mandatory requirement for a landlord to have a working carbon monoxide alarm in each room where there is solid fuels burning. If you require Moss Properties to supply and fit a carbon monoxide alarm this fee will apply.
     
Legionella Risk Assessment £102
It is the duty of care and best practice of all landlords to ensure that the risk of exposure to tenants, residents and visitors by Legionella is properly assessed and controlled within your rental property. A copy of a Legionella Risk Assessment Report must be provided to Moss Properties or Moss Properties can arrange this for you for this fee. 
     
Rightmove Premium Listing £150 
Should you require your property to be featured as a premium listing on Rightmove to increase your properties exposure then this fee will be charged.
     
Termination Of Services £120 inc VAT
If the tenant vacates and I wish to terminate this agreement I will be liable for a fee of £360 inc VAT. If I wish to terminate this agreement and the tenant remains in the property, a fee equivalent to commission due to the end of the tenancy plus a fee of £360 including VAT is payable to Moss Properties. Moss Properties reserve the right to terminate this agreement giving 14 day’s notice.
     
Withdrawal Of Application £120
I understand that if by any means I find a tenant myself or wish to withdraw my application to use Moss Properties after securing a tenancy for my property as my agent a fee of £360 including VAT is payable to Moss Properties to cover administration/marketing costs
     
Additional Reporting to HMRC £15.00
     
Arranging Keys £25.00 plus cost of keys
     
Vacant Property Inspection £75.00​

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Moss Properties Registered in England. Company No: 05737312. Registered Office Address: White Rose Retail Centre, White Rose Way, Doncaster, DN4 5FT VAT Registration No: GB 911 4711 56

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