Fees and Charges

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Agreement Type Charge
Lettings Only (including renewal and collecting rent) 5% of rent throughout tenancy.

This will be charged on an on-going basis in-line with rent collection.

Shortlets 15% of rent throughout tenancy.
Management Only £350 one-off transfer fee

5% of rent throughout tenancy.

This will be charged on an on-going basis in-line with rent collection.

Letting and Management 7.5% of rent throughout tenancy comprised of a 5% letting fee and 2.5% management fee.

The total letting due for the tenancy period will be charged at the start of the tenancy with the management fee commission charged on periodic basis in line with rent collection.

Vacant Management £75 per month minimum
Pre-letting Services £300
Other Charges
Item Charge
Land Registry Check £3
Preparation and Finalisation of Tenancy Paperwork including the AST Agreement £200
Creation of Inventory Schedule, Check-In or Check Out Report £250; this may vary depending on size of property and whether it is furnished or unfurnished
Paperwork for Renewing Tenancy £120 + fees
Cancelling a let before a tenant moves in £200 + expenses
Interest Charged on Unpaid Fees or Other Money Bank of England Annual Base Rate + 2.5%
Right to Rent checks £20 per tenant
Right to Rent follow-up for expiring time limited document check £30 per additional check
Deposit registration £25 per annum
Tenant and/or Guarantor references £35 per tenant
Inventory check-in £250 per property*
Inventory check-out £250 per property*
Change in any sharer admin fee £150

*these may vary depending on the size of property/number of rooms and if the property is furnished/unfurnished

Additional Potential Charges (when required)
Item Charge
For Managed and Non-Managed

Engagements

If the property requires a license and you would like LNM to apply on your behalf 3rd party cost to be confirmed with our licensing partner
Serving Section 13 Notice £99
Attending court (per hour) £75
Same day payment to landlord (CHAPS) £49
Making payment outside the UK £49
Submitting UK non-residential landlord returns to HMRC £99 per landlord
Copy of head lease from the HM Land Registry website (where available) £3
Transferring deposit to landlord or other agent during tenancy £149
Helping you recover deposits through TDS adjudication £99
For Lettings & Management or Management Engagements Only Management of ground rent and service charge payments on behalf of landlord £99
Meeting contractors, third parties to assist with insurance claims, HMO visits and/or any additional property visits £149
Holding a license on behalf of an international based landlord and local authority requires UK based license holder £149
For Lettings Only Engagement Arranging Inventory, Check-in or Check-out reports £75
Serving Section 21 Notice £75

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