Under the provisions of the ‘Consumer Rights Act 2015’

the Agent must display the inclusive of VAT charges figures

Kings Lettings Client [LANDLORD] Charges (assuming VAT @ 20%)


Letting and Renewal Service

9% (or 10.8% if corporate let) Inc. VAT

For example, if a property is let for 12 months at £1000 per month Kings’ charge, at 9%, would be £1080 Inc. VAT.
For example, if a property is let for 12 months at £1000 per month Kings’ charge, at 10.8%, would be £1296 Inc. VAT.

Letting, Renewal & Rental Accounting

12% Inc. VAT

For example, if Kings received £1000 per month rental, Kings’ monthly charge would be £120 Inc. VAT.

Letting, Renewal, Rental Accounting & Tenancy Management

18% Inc. VAT

For example, if Kings managed the tenancy at £1000 per month rental, Kings’ monthly charge would be £180 Inc. VAT.

Inventory

£ @ sub-contractors’ cost

Deposit Registration

£20 + VAT (total £24) [£18 incl. on renewal]

Tenancy Agreement

£75 + VAT (total £90)

Renewal Documents/Section 13 Notice

£30 + VAT (total £36)

Ad hoc letters to Tenants (Letting/Renewal Service only)

£25 + VAT (total £30) per item

EPC

£85 + VAT (total £102)

Floor Plan

£55 + VAT (total £66)

Combined EPC & Floor Plan

£110 + VAT (total £132)

Applicant Rejection

£50 + VAT (£60 total)

Tax Service

£144 + VAT (total £172.80) per Annum

Accounting direct to HMRC (unusual)

£50 + VAT (total £60) per Quarter

TDS Dispute

£200 + VAT (total £240)

TDS Dispute Documentation Preparation

£100 + VAT (total £120)

Property Visits:


3/4 per year (Tenancy Management only)

£ Free of Charge

Additional ‘Tenancy Management’ Visits

£20 + VAT (total £24) per visit

Letting/Rent Accounting Service

£40 + VAT(total £48) per visit

Vacant, between tenancy, Visits

£50 + VAT (total £60) per month


Property Maintenance Admin Fee:

(Tenancy Management) For any bill of £350, or over:

10% [max £150] + VAT of invoice

For example, an administered bill of £350, incurs a Kings’ charge of £35 + VAT (total £42)

(Letting/Rental Accounting) For any bill value:

15% [min £25] + VAT of invoice

For example, an administered bill of £10, incurs the [min] Kings’ charge of £25 + VAT (total £30)

Alarm Deactivation Visit:


During Office Hours

£20 + VAT (total £24)

Outside of Office Hours

£40 + VAT (total £48)

Legal Works (Notices/etc)

£40 + VAT (total £48)

Court Attendance:


Travelling Time

£25 + VAT (total £30) per hour

Preparation/Attendance

£75 + VAT (total £90) per hour

Buy-To-Let (Search and hand-hold)

0.5% + VAT of purchase price

For example, at a purchase price of £350,000 Kings’ charge would be £1,750 + VAT (total £2,100)

Photocopies:

Single Sheet

£1 + VAT (total £1.20) per sheet

Rental Statements (set of 12)

£10 + VAT (total £12)

Rental Statements (partial set)

£7.50 + VAT (total £9)

Tenancy Agreement

£15 + VAT (total £18)

Amendment/Cancellation of Service

£ Subject to contractual conditions

Client aborted Tenancy

£[max]750 + VAT (total £[max]900)

Debt Collection Agent

£50 + VAT (total £60)

Property Sale [of current/previous let property]

1% + VAT of sale price

For example, at a sale price of £350,000 Kings’ charge would be £3,500 + VAT (total £4,200)