We are a professional and highly experienced department offering a flexible solution to suit your property letting requirements. With a range of services available for landlords, covering all types of residential properties and contracts, including Houses in Multiple Occupation (HMO), we can provide the level of support you want – from full property management and customised options to specific stand-alone services.
We offer a fixed fee or a percentage fee quote depending on the level of service required.
Property letting and management services
The letting services we offer include:
- Marketing a property
- Accompanied viewings and negotiating the best possible terms
- Tenant finding service
- Management of the transfer of utilities
- Arrangement of safety certificates
- Drawing up of all legal documentation
- Handling maintenance issues, including 24-hour on-call emergency service
- Collection of rent/chasing late payments
- Handling tenancy deposit claims/disputes
- Unoccupied property checks
- House in Multiple Occupation (HMO) management
- House in Multiple Occupation (HMO) applications and renewals
- Drawing up the lease agreement
- Project management
How long will it take?
Marketing of a property: Once we have received the terms of business, we photograph the property and produce the property description. The property will go live on the market within 48 hours.
Lease-only service: Once we have received the terms of business and payment, and full details to complete the Private Residential Tenancy (PRT) agreement have been supplied, we should produce the document within 48 hours.
Project management service: The completion time for this will depend on the size and nature of the project.
Costs
We offer a fixed fee or a percentage fee quote depending on the level of service required.
Residential accommodation
|
Service required |
Full management |
Tenant find only |
|
Marketing registration |
£150-£210 (incl VAT) |
£150-£210 (incl VAT) |
|
Tenant find (including lease preparation) |
Ranging from 40% to 60% (incl VAT) of first month’s rent |
Ranging from 40% to 60% (incl VAT) of first month’s rent |
|
Monthly management fee |
12%-15% (incl VAT) |
N/A |
|
Process deposit dispute |
£150 (incl VAT) |
N/A |
|
Serving notices |
£108 (incl VAT) |
£108 (incl VAT) |
|
Project management |
18% (incl VAT) of the aggregate cost of works (minimum £300 incl VAT) |
N/A |
|
Submitting quarterly and annual returns required by statute to HMRC |
£48 (incl VAT) per return |
N/A |
|
Void period management visits |
£48 (incl VAT) per return |
N/A |
|
Period statement (income and expenses) |
£36 (incl VAT) |
N/A |
|
Landlord registration |
£60 (incl VAT) |
N/A |
Student accommodation
|
Service required |
Full management (Non HMO) |
Full management (HMO Property) |
Tenant find only |
|
Marketing registration |
£150 (incl VAT) |
£150 (incl VAT) |
£150 (incl VAT) |
|
Monthly management fee |
15% (incl VAT) |
18% (incl VAT) |
N/A |
|
Process deposit dispute |
£60 (incl VAT) |
£60 (incl VAT) |
N/A |
|
Serving notices |
£108 (incl VAT) |
£108 (incl VAT) |
£108 (incl VAT) |
|
Project management
|
18% (incl VAT) of the aggregate cost of works (min. £300 inc VAT) |
18% (incl VAT) of the aggregate cost of works (min. £300 inc VAT) |
N/A |
|
Preparation of lease |
£360 (incl VAT) |
£360 (incl VAT) |
£360 (incl VAT) |
|
Submitting quarterly and annual returns required by statute to HMRC |
£48 (incl VAT) per return |
£48 (incl VAT) per return |
N/A |
|
Void period management visits |
£48 (incl VAT) per return |
£48 (incl VAT) per return |
N/A |
|
Landlord registration |
£60 (incl VAT) |
£60 (incl VAT) |
N/A |
|
Period statement (income and expenses) |
£36 (incl VAT) |
£36 (incl VAT) |
N/A |
|
Work on assessment and submission of a new application for HMO |
N/A
|
£834 incl VAT plus the cost of any fees of the licensing authority |
N/A |
|
Arranging works required by licensing authority |
N/A |
18% incl VAT of the aggregate costs of any works, subject to a minimum charge of £300 incl VAT |
N/A |
|
Quarterly HMO regulations property checks |
N/A |
£48 incl VAT per visit |
N/A |
|
Complete and submit HMO renewal application |
N/A |
£474 incl VAT plus the cost of the licensing authority application fees |
N/A |
We will send you our full terms of business before we carry out any work on your behalf. You must be complete, sign and return these before we can start the work for you, regardless of the level of service required.
Additional costs
- Work on new properties to the market – New properties to the market often require work to bring them up to regulatory standard. If this applies to your property, we require upfront payment for it before we undertake the work.
- Property contingency fund – Each managed property is required to have a contingency fund of £350 to allow for us to carry out any remedial works and/or obtain safety certificates on behalf of the landlord.
- Lease preparation: £360 including VAT and Stamp Duty, if applicable
- Emergency/Out-of-Hours work (normal business hours are Monday to Friday 9am to 5pm): Charged on time basis - £100 including VAT for first hour, £48 including VAT per hour thereafter
- Serving notices: £108 including VAT for each notice
- Project management: 18% including VAT of the aggregate cost of any such works, subject to minimum charge of £300 including VAT
- Copy documentation: Price depends on volume of paperwork
- Property check for unoccupied properties: Many insurance companies insist upon routine property checks for unoccupied properties. We can carry this out for you as and when required. The cost is £48 including VAT per visit. Please contact our office for more details. Additional travel expenses may be incurred – a quotation is available on request.
- Key cutting: £18 including VAT plus the cost of keys
Why Thorntons
With our many years’ letting experience, we have an in-depth knowledge of our local markets and the whole letting process, backed up by our membership of the Scottish Association of Landlords.
From across our network of property offices, we offer full property management and tenant find options for landlords, as well as a Houses in Multiple Occupation service. We also have a range of additional services that can be used as stand-alone services or built up to a customised letting service for you.