We offer tailored solutions to meet your requirements, with most landlords choosing the “Let Only” or “Fully Managed” option. If you require a more bespoke option we are happy to discuss this in more detail with you.
Landlords will be responsible for managing the day to day activities associated with the tenancy from the point the tenancy commences. If you require us to carry out an inspection, assist with any paperwork such as serving notice, we will do this at an additional cost.
Let Only initial set up fee | £500 + VAT (Minimum fee) |
*Please note Let Only initial set up fee is the equivalent of 1 month’s rent + VAT but subject to a minimum fee of £500 + VAT.*
Fully Managed service is the most popular option and includes everything in the Let Only service as well as the following:
This option provides peace of mind and our periodic checks ensure that you receive regular updates throughout the duration of tenancies. Landlords permission will always be sought before any repair work is carried out, except in extreme cases that may need to be dealt with immediately. Maintenance works carried out on behalf of landlords will be recharged.
Fully Managed initial set up fee | £300 + VAT |
Monthly management fee * | 12% + VAT |
*Percentage of the monthly rent. This is a monthly commission calculated as a percentage of the monthly rental amount, for collecting and remitting the monthly rent received, deducting commission and other works, and supplying monthly statements.
Example: Monthly rental amount is £500 – Our fee is 12% + VAT = £72 Total paid to landlord would be £428 – Agents commission would be £72.
Arranging an EPC (carried out by a qualified & local assessor) | £120 + VAT |
Property Inspection report unfurnished (if you choose the Let Only Service) | £75 + VAT (per inspection) |
Property Inspection report furnished (if you choose the Let Only service) | £100 + VAT (Per inspection) |
Renewal of an existing tenancy | £50 + VAT |
Duplication of keys | Key costs + £25 + VAT |
Re-Letting the property | Let Only £500 + VAT Minimum fee Fully Managed £300 + VAT |
Arranging Gas Safety Certificate (Carried out by a qualified local tradesperson) | Subject to quotation £25 + VAT Admin charge |
Arranging Electrical Installation Condition Report – EICR (Carried out by a local tradesperson) | Subject to quotation £25 + VAT Admin charge |
Serving a section 21 Notice (if you choose the Let Only Service) | £150 + VAT |
Hourly Rate for other work carried out by Lakes Estates staff | £50 + VAT |
If you have any questions about our valuation process or would like to know more, speak to one of our team members.
01768 639300