© 2016 Mackstone Ltd.

Call us today on

+44 (0)20 8778 7531

Company number 01636750

CMP Certificate

Registered address:

Mackstone Limited 

55 Jasmine Grove

London

SE20 8JY

Fees & charges

Landlord fees

 

  • For a let only service equivalent to 8% of the gross yearly rental for the preparation of the Tenancy Agreement and taking up references prior to the commencement of the Tenancy.

  • Letting with management 4% initial letting fee.

  • For full management 12% of the gross monthly rental for the duration of the letting. 

  • £40 for carrying out any periodical inspection of the property when it is empty between lettings.

  • EPC £45.00. Normal floor plan charge TBC.  However, floor plan is optional and if done with EPC is discounted.

  • £175 fee for annual renewal of tenancy.

  • Rent increase notice Section 13(2) £95 fee.

  • Rent Guarantee Warranty (12 months cover) from £129.00.

    1. Full reference check £25.00 per person checked.  Credit check ONLY £14.00

    2. 'Right to Rent' check, which checks prospective tenants right to live in the UK, via their passports, visas and other legal travelling documentation £10.00.

  • SMART Inventory check-out fee from £109.00.  Fee varies upon the size of the property.

  • Fee to protect tenant deposit (with MY DEPOSITS) £24.00.

 

Example:

 

  • Rent Value = £1000.00 x 12 = £12,000.00

    • Less Let Only Fee 8% = £960.00.

    • Total net income = £11,040.00 per annum

 

  • Rent Value = £1000.00 x 12 = £12,000.00

    • Less initial management fee 4% = £480.00

 

  • Rent Value = £1,000.00

    • Less Management fee 12% = £120.00

    • Total net income = £880.00 per calendar month