Fees & Terms to Landlords

Standard tariff of landlord charges

Esates.ng want you to be aware of the circumstances where you may incur a fee or charge in relation to services provided by us, including in relation to a tenancy arranged through us. This Tariff details our current fees and charges, which unless otherwise specified include VAT (which as at the date of this Tariff is 20%). The fees and charges shown are payable to, and will be invoiced by us.

All amounts due to us may be deducted from sums (including rent) received by us on your behalf before those sums are forwarded to you.

This Tariff is only a summary of parts of our Letting and Management Services Agreement and Standard Letting and Management Terms. You should refer to those documents for full details of our services and fees and charges. If there is any conflict or inconsistency between this Tariff and those documents, the terms of those documents will prevail.

We reserve the right to amend the fees and charges in this Tariff to reflect changes in our operating costs. Where you have signed a Letting and Management Services Agreement no fees and charges in any amended Tariff will affect you unless the amendments are expressly permitted by your Agreement and have been notified to you.

Payable during the whole time (including all extensions, renewals, hold overs, and new agreements):

(a) a tenant introduced by us occupies the property you have instructed us to let or one of your other properties;

(b) a person introduced by a tenant introduced by us occupies the property you have instructed us to let;

(c) a person “associated” with a tenant introduced by us occupies the property you have instructed us to let – this includes some relatives and business associates and is fully defined in the Standard Letting and Management Terms;

Payment in full is due at the time the tenancy is entered into or extended or renewed unless rent is to be received by us. If rent is received by us payment is due quarterly in advance or if rent is due less frequently than that payment is due in advance on the dates rent is due.

Amount: (£600.00 min)

Initial let of 6 months or more: 11% of rent due + VAT (13.2% inc VAT)

Initial let of less than 6 months: 20% of rent due + VAT (24% inc VAT)

Payable during the whole time we provide a management service. This fee is in addition to the Letting & Rent Receipt Fee. Payment is due at the same times as the Letting & Rent Receipt Fee is due.

Amount: 6% of rent due + VAT (7.2% inc VAT)

Payable during the whole time we provide a vacant management service. Payment is due monthly in advance.

Amount: £150.00 (inc VAT) per month

Payable where we are providing a management service and it is necessary to lodge and oversee an insurance claim for more than £1,000. We will only charge this fee if we have notified you in advance. Payment is due on receipt of our invoice.

Amount: 10% + VAT of the value of the claim (12% inc VAT)

Payable where we are providing a management service and we oversee significant repairs/improvements. We will only charge this fee if we have notified you in advance. Payment is due on receipt of our invoice.

Amount: 12.5% + VAT of the ex-VAT cost of the work (15% inc VAT)

Payable where we are providing a management service and we are required to attend your property to let in utility company employees/contractors/repairers etc. Payment is due on receipt of our invoice.

Amount: £30.00 (inc VAT) attendance fee + £30.00 (inc VAT) per hour waiting time

Payable where you ask us, and we agree, to provide any service which you and we agree will be charged for at our standard hourly rate. Payment is due on receipt of our invoice.

Amount: £60.00 (inc VAT) per hour

Payable where you ask us, and we agree, to apply for any consents which may be required in relation to the letting of your property. Payment is due on receipt of our invoice.

Amount: £90.00 (inc VAT) per consent

Payable where we are not managing the property and you ask us to arrange for any gas or electrical safety checks to be carried out. Payment is due on receipt of our invoice. Note: this fee does not include the contractors’ fees, which will also be your responsibility.

Amount: £48.00 (inc VAT) per check

Payable at the time of the inventory check-in when the tenancy begins. The amount due will depend on the amount charged by the independent inventory clerk engaged by us and will be notified to you once it has been notified to us. Payment is due when the amount is notified by us.

Amount: Varies