Letting Fee Structure for Landlords:

Hackett Estate Agents offer our landlords two letting services; a Letting Only service and a Letting Only plus Management Service.

The Letting Only Service is charged at 10% +VAT of the gross rent for the period of the tenancy agreement, including any statutory periodic tenancy which arises following the expiry of the fixed term of the tenancy before any renewal tenancy agreement is entered into. This is a one-off fee payable upfront and is based on the gross annual rental achieved on the Property.

Includes:

  • Agree the market rent and find a tenant in accordance with the landlord guidelines
  • Carry out accompanied viewings (as appropriate)
  • Market the property and advertise on relevant portals
  • Collect first months rent & tenant security deposit
  • Deduct any pre-tenancy invoices
  • Provide tenant with method of payment

The Management Service is charged on top of the Letting Only Service at an additional rate of 6%+VAT of the gross rent for the period of the tenancy agreement and during any renewal tenancy agreement and/or renewal term, This is a monthly fee deducted from the gross annual rent collected.

Includes Letting Only Service points above plus:

  • Collect future monthly rent payments & provide landlord with monthly statement
  • Pursue non-payment of rent and provide advise on rent arrears actions
  • Deduct commission and other works
  • Advise all relevant utility providers of changes
  • Arrange routine repairs up to the max cost of £420 (incl VAT) and instruct contractors
  • Hold keys throughout the tenancy
  • Advise on non-resident tax status and HMRC (if relevant)

 Renewal Tenancy Commission:

Renewal Commission is charged at 7%+VAT of the gross rent for the period of occupation by the tenant of any renewal agreement and/or renewed term to the current tenant. The Renewal Commission is payable up-front on the start of the renewal date. The additional Management Service fee charged at 6%+VAT of the gross rent for the period of the renewed term if the property is still being managed by Hackett Estate Agents and is taken on a monthly basis.

Includes:

  • 2 months before end of fixed term contact landlord to establish whether landlord wants tenant to continue to occupy the property
  • Review the rent and advise landlord if rent increase is viable depending on market conditions
  • Negotiate new terms between existing tenant and landlord (if any)

Additional Charges to Landlords:

Hackett Estate Agents will charge a fee of £120 (incl VAT) for the following documents:

(a) each tenancy agreement

(b) each renewal agreement; and

(c) any supplemental agreement to the tenancy agreement

 Hackett Estate Agents will also charge £90 (incl VAT) for the following:

(a) the collecting and protecting in a relevant scheme any tenancy deposit taken in respect of a tenancy; provide the tenant/s with the Deposit Certificate, Prescribed Information & Information for Tenants Leaflet within 30 days of start of tenancy; and

(b) re-protecting in a relevant scheme any tenancy deposit taken in respect of a tenancy which is renewed at the end of the initial term and provide the tenant/s with the re-protected Deposit Certificate, further copy of the Prescribed Information & Information for Tenants Leaflet within 30 days of the renewal date.

Hackett Estate Agents will charge the landlord the appropriate fee at the time of instruction in respect of carrying out the following:

(a) gas safety certificate

(b) electrical inspection

(c) energy performance certificate

(d) inventory preparation

(e) inventory check in/out

Right to Rent Certificate Application:

Under the Immigration Act 2014 (S32 (6)(a)) the immigration status of all 

tenants has to be checked and verified before a tenancy or renewal tenancy can be granted. This is charged to the landlord for any tenancy agreement or and/or future renewal tenancy agreement at the cost of £30 (inc VAT) per property

Refunds:

If the tenant/s serves notice on the Landord to terminate the tenancy agreement before the end of its full term, Hackett Estate Agents may refund that proportion of the commission already received by it, as is equal to the proportion that the balance of the full term of the tenancy agreement bears to the full term of the tenancy agreement if it had not terminated early.

Property Redress Scheme:

Hackett Estate Agents are proud to be members the Property Redress Scheme (PRS) which is one of the approved government redress schemes.

Membership Number: PRS003329

Hackett Estate Agents is the trading name of 'Hackett UK Limited' and is currently not a member of a Client Money Protection (CMP) Scheme.

Landlords Information

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Head Office:

Suite 104
295 Chiswick High Road
Chiswick
London
W4 4HH

Tel: 020 8995 9665
Fax: 020 8711 6688

sales@hackett-estates.com
lettings@hackett-estates.com

Opening Hours:

Mon - Fri:  9:30am - 6:00pm

Sat: 10:00am - 1:30pm

Saturday by appointment only

Closed Bank Holidays

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