Our Fees
LETTINGS
Tenant fees
- Deposit for a long let tenancy – Equivalent to a maximum of five weeks deposit
- Deposit for a short let tenancy – £ 700 or equivalent to one weeks rent (whichever is greater)
Other Fees
- Contract variation, novation, amendment or change of occupant at the tenant’s request within an existing tenancy £ 50
- Default fee of interest on late rent if rent is more than 14 days overdue – 3% above Bank of England base rate
- Default fee for lost keys or other respective security devices – Actual cost of replacement
LANDLORD FEES (VAT included)
- Lettings only 8%
- Renewals 6%
- Continuation period after renewals 4%
Management service (fees apply per property) – VAT included
- 1-2 properties 10%
- 3-4 properties 8%
- 5 or more properties 5%
- Renewals on 1st 2 years / Continuation period after renewals 5%
Short lets
- 20%
- Renewals on 1st 2 years 18%
SALES
Seller Fees
- Sole agency – 1.25% (VAT included)
- Multiple agency – 1.50% (VAT included)
Other Fees
- Property Inspection – £ 100 per visit
- Carbon Monoxide Alarm Installation – £ 75 plus £ 30 per alarm
- Gas Safety Certificate – £ 150
- Deposit Protection Registration – £ 50
- Energy Performance Certificate – £ 140
- Section 21 – £ 150
Debit or Credit Card Payments
- Royal Residentials does not charge any fee for Debit or Credit card payments