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How Much Will Abbey Property Charge To Let Your Property? - Abbey Property Luton

How Much Will Abbey Property Charge To Let Your Property?

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One of the, if not, the first question I get asked by a prospective landlord is, ‘what are your fees?’.

So, in this article I’ll be addressing exactly what we charge to market your property, how it fairs in the current letting’s market, and what service we provide in return for our fees.

For a more detailed view, click below to see a PDF copy of our Landlord & Agency T&C’s!

Landlord T&C’s

But first, carry on reading to get an idea of the basic price for our services!

A Managed Tenancy – The best choice you’ll make this year!

The cost of our managed service is a month’s rent equivalent as a letting fee, and our managed packages start at 12% monthly.

We will oversee the management for the duration of the tenancy. To maintain contact with tenants in regard to tenancy queries and property maintenance, for me to record if necessary and look to address it.

If as a landlord, you’re busy with your own existing lifestyle and/or work commitments, it could be beneficial to leave the workload of management with us, whilst you reap the rewards of receiving an income from your rental property.

Also, overseeing a tenancy and its property has it’s legal responsibilities, that means on-going learning and research on the ever-evolving letting market. Adhering with compliance measures should be at the forefront of the mind too, whether it be checking the immigration status on-time as it comes closer to the expiry for the tenants UK right to rent, or renewing safety certificates to ensure the property is safe to live in.

We have the right tools to keep track of these responsibilities and take the measures to make sure there are no legal issues within the tenancy. The team is continuously keeping up-to-date on new measures, as well as being able to seek help from a legal team, the knowledge base we have is almost invaluable.

Rent Collection – Money management, done right.

Our costs for a rent collection service a month’s rent equivalent as a letting fee, and 9% monthly.

As described, Abbey Property will arrange for the rent to be paid directly to us on a regular monthly basis, to which we’ll account for it, and then pay it to you, the landlord.

The benefit of this service is that you’ll never have the lingering feeling that your money is in limbo. It’ll always be overlooked by us. In the unlikely circumstance your tenant falls into arrears, we will take the necessary steps to legally chase payment, and if needed, issue proceedings to serve a notice of eviction for unpaid rent.

Also, another benefit comes in the form of when you declare your rental income to HMRC, we will generate a statement for the period that’s simple to understand. It’ll show everything from income, to charges and fees, and costs of improvement or maintenance carried out. To give you an easy-to-understand basis when it comes to completing your tax return.

Let-Only – If you’ve got all the time in the world!

The cost of this service is equivalent to the first months’ rent.

We’re used to receiving a raft of enquiries and deal with them accordingly.

For our referencing procedure, every tenant we come across will be subject to stringent checks. Get in contact if you’d like to know what we check for!

We’d also send the applicants out a credit check application to complete.

Have a look at our Check In Inventory article for an insight on what goes into producing such a document. We can carry this out for you too.

Beyond that, it’s time to look to move the tenants in. We’ll draw up an Assured Shorthold Tenancy agreement, secure the provided tenancy deposit with the Deposit Protection Scheme, and arrange a move-in date where it’ll give us an opportunity to exchange keys.

What Next?

Have a chat with me, We’ll discuss your wants and needs from a letting agent and I’ll strive to deliver.

I’ll make suggestions on what package I feel will suit you best, rather than selling you the most comprehensive package if it isn’t what you need.

Either give me a call on 07508 154748 (+44 7508 154748) or click here to book a convenient time-slot for me to call you and discuss further on how we’ll work together.

Landlord Advice