Fees and Charges for Landlords. Independent redress provided by: The Property Obudsman. Client Money Protection (CMP) provided by: ARLA

Management Services: Starting at 15% (inc VAT) of the monthly rent

To ensure all of our client’s requirements are fulfilled, Satchells offer a Fully Managed structure across three tiers all offering something different whilst we are able to guarantee that their asset is being looked after along with their best interests in mind too. The Lettings team have a wealth of knowledge & expertise and this is only proven by our results.

Satchells Classic Management (15% (inc VAT) of the monthly rent):

Our most popular management service, which has been used by numerous landlords since 1922. Our Classic Management service has been moulded and crafted throughout the years of legislation changes in the letting industry, to become the most efficient and well-versed service it is today.

Satchells Premier Management (18% (inc VAT) of the monthly rent):

The lettings industry can put any landlord in difficult positions at times. No matter how extensive the referencing and vetting process is. Our Premier Management service ensures you are covered for these difficult situations. This ranges from Rent Protection, should the tenant fall into rental arrears. Legal Expenses covered, should the need to seek possession of the property arise and access to HomeLet’s effective eviction service.

Satchells Ultimate Management (18% (inc VAT) of the monthly rent):

Without a doubt, our most comprehensive service covering all aspects of the Lettings industry whilst protecting your best interests. The Ultimate Management service is designed to ensure that letting your property is a straightforward process with very little need for you to get involved. All elements included within the Classic Management service and our Premier Manager Service are included within the Ultimate management service as well. By choosing Satchells’ Ultimate Management Service, we will be able to guarantee your rent on the same day every single month, regardless of whether your tenant pays or not. Satchells will deal with the arrears process should the tenant not pay but will ensure you are not out of pocket and can meet all financial commitments with the rental income being guaranteed on a specific day.


Tenant find only: Starting at 84% (inc VAT) of the first month’s rent – subject to a minimum fee of £540.00 (inc VAT)

To those landlords who do have the means of managing their property themselves then we have a range of Tenant Find Only services that we are able to offer. Again all of which have been designed with the client’s best interest in mind and to enable them to have a stress-free experience letting their property.

Satchells Classic Tenant Find Only (84% (inc VAT) of the first month’s rent – subject to a minimum fee of £540 inc VAT):

Our most popular Tenant Find Only service, which has been used by numerous landlords since 1922. Our Classic Tenant Find Only service has been moulded and crafted throughout the years of legislation changes in the letting industry, to become the most efficient and well-versed service it is today.

Satchells Premier Tenant Find Only (84% (inc VAT) of the first month’s rent - subject to a minimum fee of £540 inc VAT & an additional one-off fee of £144 inc VAT):

The lettings industry can put any landlord in difficult positions at times. No matter how extensive the referencing and vetting process is. Our Premier Tenant Find Only service ensures you are covered for these difficult situations. Included within this service is HomeLet’s simple, fast & powerful service, which combines a full comprehensive reference with a legal eviction service that will secure possession of a property if a tenant defaults on their rent, or if possession is legally required. As well as all elements included in our Classic Tenant Find Only Service, our Premier Tenant Find Only service includes up to £50,000 cover of legal expenses as well as a more in-depth referencing check on all prospective tenants.

Satchells Rent Collection (Set-Up Fee of £300 inc VAT & 9% inc VAT of the monthly rent):

The Rent Collection service has been designed to ensure that you are able to manage your rental property smoothly with everything in place to protect you should you have any concerns or require vacant possession in a timely manner. As well as all of the elements included within our Classic & Premier Service, the Rent Collection service can guarantee your rent on the same day every single month, regardless of whether your tenant pays or not. Satchells will deal with the arrears process should the tenant not pay but will ensure you are not out of pocket and can meet all financial commitments with the rental income being guaranteed on a specific day.


ADDITIONAL NON-OPTIONAL FEES AND CHARGES :

Setup Fee (Landlords Share): Fully Managed £300.00 - £540.00 (inc VAT)
• Agree the market rent and find a tenant in accordance with the landlord guidelines;
• Advise on refurbishment
• Provide guidance on compliance with statutory provisions and letting consents
• Carry out accompanied viewings (as appropriate)
• Market the property and advertise on relevant portals
• Erect board outside property in accordance with Town and Country Planning Act 1990
• Advise on non-resident tax status and HMRC (if relevant)

Inventory, Check In & Check Out Costs (Tenant Find Only & Fully Managed) See attached Schedule. Dependent on the number of bedrooms and/or size of the property and outbuildings.

Deposit Registration Fee (Tenant Find Only): £60 (inc VAT)
• Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme
• Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy

Renewal Fee (landlords share) Fully Managed £108.00 (inc VAT)
• Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

Renewal Fee (landlords share) Tenant Find Only £108.00 (inc VAT) - £240.00 (inc VAT)
• Contract negotiation, amending and updating terms and arranging a further tenancy and agreement

Ready Willing & Able (Tenant Find Only & Fully Managed)
• Where Satchells introduce a suitable tenant in accordance with the Landlords instructions and that tenant is ready willing and able, but the Landlord declines to proceed with a tenancy, then a fee equal to 84% (inc VAT) of one month’s rent, will be chargeable.

Termination of Agency (Fully Managed)
• Where Satchells found the tenant that is currently residing in the property, and is managing the property/tenancy, if notice is given by the Landlord, a fee equal to 84% (inc VAT) of one month’s rent, will be chargeable.

IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF

About Satchells


Established in 1922, we have been trading for more than 90 years and pride ourselves in offering friendly advice and delivering a high level of customer service.

As an established estate agent, we have developed our marketing and advertising techniques to ensure maximum exposure of your property and thereby secure a buyer or tenant.

Contact Satchells Estate Agents (* mandatory)


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