Landlord Fees
Full management
Commission |
14% + VAT (16.8%) of gross rent, deducted monthly |
Deposit Management |
£25.00 + VAT (£30.00) per annum |
6 months minimum let. The commission rate agreed at the start of any tenancy is applicable throughout the tenant's occupation.
Tenant find and rent collection
Commission |
11% + VAT (13.2%) of gross rent, deducted monthly |
Deposit Management |
£40.00 + VAT (£48.00) per annum |
6 months minimum let. The commission rate agreed at the start of any tenancy is applicable throughout the tenant's occupation.
Tenant finding only
75% + VAT (90%) of one month's rent, charged at the outset. Minimum charge £400 + VAT (£480)
Tenancy agreements
The charge for the tenancy agreement is shared between the landlord and the tenant. Prices below are for the landlord's portion only.
Preparation of Tenancy Agreement |
£50.00 + VAT (£60.00) |
Preparation of tenancy agreement only |
£125.00 + VAT (£150.00) |
Extension to existing agreement |
£50.00 + VAT (£60.00) |
Addendum to agreement |
£30.00 + VAT (£60.00) |
Inventories and schedules of condition
Unfurnished Property * |
From £90.00 + VAT (£108.00) to £300.00 + VAT (£360.00) |
Furnished Property * |
From £90.00 + VAT (£108.00) to £325.00 + VAT (£390.00) |
Energy Performance Certificates |
£95.00 + VAT (£114.00) |
* Depending on the size of the property
Other fees
Tax retention/returns for overseas landlords |
£250.00 + VAT (£300.00) per annum |
Property refurbishment project management |
12% + VAT (14.4%) of gross cost |
Other Services outside normal management * |
£45.00 + VAT (£54.00) per hour |
* This will include such services as dealing with disputes and insurance claims and court attendance.
Withdrawal
If a landlord withdraws a property, or lets it through another source, or the property sold whilst being marketed by Dorset Property, a cancellation fee of £200 + VAT (£240) will be charged to cover our marketing and administration costs.
Termination
In the event that the tenancy becomes periodic after a fixed term and the landlord wishes to terminate the contract with Dorset Property, the landlord must give Dorset Property of one month's notice of termination in writing and a termination fee of the equivalent of three months commission will be charged. This will be deducted from the last month's rent.
Property sale
In the event of a sale of a property to any person introduced to the owner by Dorset Property, a commission of the equivalent of 1% + VAT (1.2%) of the purchase price will be charged on completion. This will be the subject of a separate contract at the outset.
