Fees For Landlords

Please see below the list of management fees for landlords

Services this covers:

MANAGEMENT AND RENT COLLECTION TERMS & CONDITIONS

 

What London Property Manager offers as part of this service:

 

  • Collection of the monthly rental. Fees are then deducted and the remaining balance is transferred. If letting agent is collecting rent then a standing order would be setup to London Property Manager for the monthly management fee. If Landlords prefer to collect the rent themselves, then a monthly standing order must be paid to London Property Manager in advance of the month ahead. Failure to pay would result in the property not being managed during this time.

  • Provide suitable quotes for any maintenance or works needed to be carried out on the property, and if happy, instruct the works to be carried out. The works carried out will only be authorised up to £250, In certain circumstances where the Landlord is non contactable or urgent works are required, LONDON PROPERTY MANAGER will carry out works up to the value of £150.

  • Looking after and maintaining the property on a daily basis.

  • Arranging for an Inventory Clerk to prepare inventory and for a Inventory Clerk to check tenants in and out of the property (extra cost)

  • Producing detailed monthly statements for the Landlord or if the letting agent is rent collecting then supplying a detailed receipt of works carried out and confirmation of monthly management payment.

  • We will, if authorised, employ an Inventory Clerk to check the property every quarter and keep the Landlord posted on the condition of their property. As this is independent, this service will cost an extra £50.00 + V.A.T (which can be deducted from the monthly rent).

  • You will be informed if a tenant is in rent arrears. We can advise you on actions to be taken, but you may wish to instruct YOUR solicitor.

  • Commission for the above service will be charged as detailed above

  • The management fees will be deducted monthly from the rents we receive (if collecting rent)

Terms & Conditions:

To download a copy of our Terms and Conditions for management, please click the logo below

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