Martin Property Management - Letting agents in leamington spa, kenilworth, warwick, coventry and warwickshire

The Letting Agents for Leamington Spa, Kenilworth, Warwick, Coventry & Warwickshire

tel: 01926 748045

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Fees

We charge a unique and inclusive Flat Fee for our Letting services. The fees are dependant on the property size rather than rental value. They are, therefore, related directly to the amount of work involved for us and not the rental income you are receiving. We believe this is a fairer approach than the traditional percentage commission. All our services are on a

NO LET - NO FEE basis.

For a full description of these services, please visit the Letting Options section.

Letting Service Fees Summary:-

Tenant Finder Service
Property Size Finder Fee Monthly Fee

Studio - 2 Bedrooms

£275.00 Not Applicable

3 Bedrooms

£325.00 Not Applicable

4 Bedrooms

£400.00 Not Applicable

5 Bedrooms

£500.00 Not Applicable

The fees in the table above include VAT

 
Tenant Finder Plus Service
Property Size Finder Fee Monthly Fee*

Studio - 1 Bedrooms

£145.00 £30.00

2 Bedrooms

£210.00 £35.00

3 Bedrooms

£275.00 £35.00

4 Bedrooms

£325.00 £40.00

5 Bedrooms

£425.00 £40.00

The fees in the table above include VAT

* Monthly fee due from second month of tenancy

Note: Finder Fee free for 2nd tenancy during 12 month period, providing our services are retained. Monthly fee applies for 2nd tenancy.

 

Management Service Fee Summary:-

We believe that the work involved in managing different types of smaller property does not vary a great deal and have, therefore, extended our Flat Fees structure to our Full Management Service for all properties with up to 2 bedrooms. For Houses and other properties with 3 bedrooms or more we charge a competitive commission, see table below:

Full Management Service

Property Size

 Set up Fee

Monthly Management Fee

Studio - 1 Bedroom

£0

£55.00

2 Bedrooms *

£0

£69.99 *

3 Bedrooms +

£0

10% +  VAT

The fees in the table above include VAT unless stated.

 

* Please note for Flats or Apartments of any size, the maximum we usually charge is £69.99 pcm (even if it has more than 2 bedrooms).

There are no set up fees or additional, hidden charges and we do not charge for additional fees for tenancy renewals, or new tenancy's. Therefore, there is nothing to pay until the tenant moves in and we operate a  NO LET - NO FEE policy.

The management fee is taken monthly from the tenants rent payment before passing the balance to the landlord. The payment stops if the tenant moves out and only starts again when a new tenant moves in - simple! 

Note: all fees and services listed are for a typical Assured Shorthold Tenancy Agreement and all services and fees are subject to change at anytime.

For full description of these services please see our Letting Options section.

Portfolio Discounts:-

Discounts are available for Portfolios . Please ask for details.

 

Tenant Fees:-

Individual Tenant Application Fee

£116.00

Additional applicants

£56.00 each

Guarantors

£0

The tenant's fee constitutes:

£26.00 for the credit check

£30.00 for documentation

£30.00 for check in to the property

£30.00 for general administration

All fees in table above include VAT.

For corporate (Ltd or PLC) tenant applications, we will arrange a Contractual Tenancy Agreement and the fee is £150.00 + VAT.

NOTES:

All fees are for a typical Assured Shorthold Tenancy Agreement and are subject to change at anytime.

Other income:

  • We currently earn commission for HomeLet insurance referrals.

  • Unlike some agencies, we DO NOT add any commission to general repairs carried out by our sub contractors under the terms of our full management agreement. Any discounts we negotiate are passed to our clients. 

  • Occasional commissions may be added for co-ordinating larger repair projects, but the Landlord will be always be informed of this first.

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