FEES
What we charge
Every fee a landlord can be charged by Great Newport Ltd, in one place. We do not charge a fee that is not on this page.
Headline figures exclude VAT. VAT is charged at 20% and shown underneath. Great Newport Ltd is VAT registered.
Management
Charged as a percentage of the rent we actually collect, monthly. If the rent does not arrive, we do not take a fee on it. Choose the level of involvement you want.
Let Only
Marketing, accompanied viewings, referencing, tenancy agreement and move-in. You manage the tenancy from there.
7% of rent
8.4% inc. VAT
Rent Collection
Everything in Let Only, plus rent demanded, collected and reconciled, with monthly statements and arrears chased.
8% of rent
9.6% inc. VAT
Fully Managed
Everything in Rent Collection, plus day-to-day management, repairs co-ordination, contractor instruction and compliance tracking.
10% of rent
12% inc. VAT
Set-up fee
Charged once at the start of a new tenancy.
£120
£144 inc. VAT
The percentage covers the management service only. The services listed below are charged in addition, as and when they arise, at the rates on this page. Nothing is instructed without your approval.
Certificates and safety
Carried out by our own certified engineers. You are free to use your own contractor instead.
Gas safety certificate (CP12)
£85
£102 inc. VAT
Boiler service
£90
£108 inc. VAT
Energy performance certificate (EPC)
£109
£130.80 inc. VAT
Electrical installation condition report (EICR)
£199
£238.80 inc. VAT
Compliance Cover subscribers pay 10% less on the four charges above.
Tenancy
Tenancy agreement preparation
£100
£120 inc. VAT
Deposit registration
Registered with the Deposit Protection Scheme, prescribed information served.
£65
£78 inc. VAT
Tenant reference check
Per person referenced.
£50
£60 inc. VAT
Inventory, check in and check out
One to three bedrooms.
£130
£156 inc. VAT
Inventory, check in and check out
Four bedrooms.
£140
£168 inc. VAT
Inventory, check in and check out
Five bedrooms.
£160
£192 inc. VAT
Annual rent review
Rent assessed against local evidence and, where appropriate, a Section 13 notice served on Form 4A. Per property, per year.
£120
£144 inc. VAT
Service of tenant notices
Per tenancy.
£200
£240 inc. VAT
Other services
Property inspection
Not included in any management package. Price depends on the size of the property.
£75 to £100
£90 to £120 inc. VAT
Property marketing on the portals
Standalone one-off service, where we are not otherwise instructed.
£500
£600 inc. VAT
Compliance Cover
Compliance dates tracked, warnings sent sixty days out, contractors arranged on your instruction. Per property.
£20 a month
£24 inc. VAT. Or £200 a year, £240 inc. VAT
Costs we pass straight through
Charged to you at cost, with no mark-up.
Private rented sector database registration
Statutory fee payable to the database operator, per property, per year. Applies once the register opens in your region.
£65
Remedial works arising from a certificate
Quoted before instruction. You are never obliged to use our contractor.
Quoted
If you leave us
There is no charge for ending our instruction. There is one charge, in one situation, and this is it.
Ending the instruction
One month's written notice either way. We send you a complete handover pack: every compliance date we hold, the deposit records, the tenancy file and the current statement position. No exit fee, no admin charge, no charge for the handover.
Nil
Tenant introduction fee
Payable once, and only if you end our instruction while a tenant we introduced is still living in the property. It covers finding, referencing and moving that tenant in, work the management percentage would otherwise have recovered over time. It reduces the longer that tenant has been in place. It is never charged twice for the same tenant, and it is not payable at all if the tenant has left.
Tapered
Tenant in place under 12 months
7% of one year's rent
Less the £120 set-up fee already paid. 8.4% inc. VAT.
Tenant in place 12 to 24 months
3.5% of one year's rent
4.2% inc. VAT
Tenant in place over 24 months
Nil
On a tenancy at £1,800 a month, that is about £1,392 in the first year, £756 in the second, and nothing after two years.
Great Newport Ltd is a member of the Property Redress Scheme. Client money is protected by Client Money Protect. Deposits are registered with the Deposit Protection Scheme.