We ensure we are totally transparent with our fees to our client prior to engaging in our services, a list of fees and charges which may apply prior to the commencement of a tenancy, during and after its expiration. For more information please refer to your terms of business for further details. Reed Residential limited are a member of ARLA Propertymark (www.propertymark.co.uk), we are covered by the Propertymark Client Money Protection Scheme, also a member of a redress scheme provided by The Property Ombudsman for Lettings (www.tpos.co.uk).





Breakdown Of Fees



Service Excluding VAT Including VAT
Letting fee
(Taken in advance of the initial term based on the agreed rent)
10% 12%
Rent collection fee
(In addition to the Letting Fee and taken on a monthly basis)
2.5%3%
Management fee (Resident Landlord)
(In addition to the Letting Fee and taken on a monthly basis. Includes the rent collection service)
8%10%
Management fee (Non-Resident Landlord)
(In addition to the Letting Fee and taken on a monthly basis. Includes the rent collection service)
8%10%
2nd year renewal fee
(Taken in advance of the term based on the agreed rent)
6%7.2%
Rent & Legal Cover (Managed)
(12 month policy)
£200.00£240.00
Deposit protection via TDS (Managed)£25.00£30.00 (per renewal)
Inventory preparation / Check-inPOA
Inventory check out£POA
Landlord Admin Set up fee
(Incudes all tenant Right to Rent Checks and full referencing including guarantors upto a maximum of 2 tenants)
£200.00£240.00
Attending Legal Proceedings£100.00£120.00
Change of named tenant£100.00£120.00
HMO Licence Application
(Excludes the cost of the licence and any works which may be required to grant the licence)
£250.00£300.00
Sale of property with tenant
(Based on the price at point of exchange of contracts)
1.5%1.8%
Deposit Adjudication Claim£100.00£120.00
Energy Performance Certificate£100.00 N/A
Gas Safety Certificate£9 N/A
Periodic Electrical Inspection Fee£POA
Legionella Risk Assessment Fee£60.00£72.00
Duplicate Statements£50.00£60.00