Additional Landlord Costs

For your convenience we have listed below the various charges involved when renting a property through Heathgate, for which you as the landlord are responsible.

Heathgate Various Additional Landlord Costs. There are many different things that you will need to budget for in order to succeed with your buy to let property investment, such as mortgage payments, insurance premiums, maintenance costs and taxes like HMRC rental property expenses. Most of your landlord expenses are relatively easy to plan out.

For your convenience we have listed below the various charges involved when renting a property through Heathgate, for which you as the landlord are responsible.

Please do ensure that you budget for these extra charges that include the following:
(all figures are inclusive of VAT)

Gas Safety Certificate (required annually)   £78
Electrical Safety Certificate (valid for 10 years)   £300
Installation of carbon monoxide detector   £60
Energy Performance Certificate dependent on charge by independent assessor (valid for 10 years)   £60 – £110
Charge for call out to Certified Energy Assessor to carry out an EPC (valid for 10 years)   £42
Inventory make dependent on size and contents of the property   £150 – £990
Inventory check-out dependent on size and contents of the property   £100 – £990
Tenants referencing per tenant   £36
Property dressing service   £85 at instruction + 12% (inclusive of VAT) of total cost of service subject to a minimum fee of £420.
Furnishing the property 12% (inclusive of VAT) of the total cost, subject to a minimum charge of   £420
Administration and preparation of new Tenancy Agreement   £275
Preparation of renewals or extensions to existing Tenancy Agreement   £275
Deposit Registration Charge   £75 per year
Preparation and submission of information to TDS in relation to deposit disputes   £320
Other charges:    
Rent collection per month   £45
Serving of notices   £75
Payment to overseas accounts by CHAPS   £25
Non-Residents Landlords tax transfer to HMRC on a quarterly basis   £144
Courts & Tribunals appearance:    £250
General support and administration charges for non-managed properties   £120 per hour
Visits to managed properties once every quarter. Additional visits are charged at:   £85 per visit
Unless we are instructed in writing, works costing less than £400 will be
commissioned without further consultation to the Landlord as part of the
standard management responsibility.

Heathgate Various Additional Landlord Costs

For works costing over £400 we charge: 12.5% plus VAT, 15% including VAT
of the total cost of the works. For example should the works amount to a
cost of £1000 the commission will amount to £150

Our standard charge for a SOLE agency LETTING ONLY instruction is:
Let only service includes marketing and viewings, photographs and floorplans.
9% plus VAT, 10.8% including VAT of the annual rental amount.
For example on a rental of £500 per week the commission will amount to £2808.00

Our standard charge for MULTIPLE agency LETTING ONLY instruction is:
Let only service includes marketing and viewings, photographs and floorplans.
11% plus VAT, 13.2% including VAT of the annual rental amount.
For example on a rental of £500 per week the commission will amount to £3432.00

Our standard charge for SOLE agency MANAGEMENT AND LETTING
The service includes as above, plus arranging quotes and repairs, routine
inspections, advising utility companies re occupant changes, holding keys.
Instruction is: 14% plus VAT, 16.8% including VAT of the annual rental amount.
For example on a rental of £500 per week the commission will amount to £4368.00

Our standard charge for MULTIPLE agency MANAGEMENT AND LETTING
The service includes as above, plus arranging quotes and repairs, routine
inspections, advising utility companies re occupant changes, holding keys.
Instruction is: 16% plus VAT, 19.2% including VAT of the annual rental amount.
For example on a rental of £500 per week the commission will amount to £4992.00

FEES CURRENT AS AT DECEMBER 2022

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