Landlord Fees & Charges

KENSINGTON Finest Properties International London
Vellando Ltd | 71 Kensington Church Street, London, W8 4BG

Fees are shown excluding VAT, followed by the total including VAT at 20%.

Let Only

12% of annualised rent (14.4% incl. VAT). Minimum £2,500 (£3,000 incl. VAT). Payable when each new tenancy begins.

Includes marketing, viewings, negotiation, referencing, Right to Rent checks, tenancy preparation, initial rent and deposit handling, and deposit protection where instructed.

Annualised rent means monthly rent multiplied by 12, or the equivalent annual figure for another payment frequency, using the rent agreed at commencement.

Fully Managed

Initial letting fee: 12% of annualised rent (14.4% incl. VAT). Minimum £2,500 (£3,000 incl. VAT).
Ongoing management: 5% of rent collected (6% incl. VAT).

The initial fee is payable when each new tenancy begins. Management fees are deducted each rental period while we manage the property. Includes Let Only plus rent collection, tenant liaison, inspections, compliance administration, maintenance coordination, arrears administration, rent-review administration and end-of-tenancy management. Contractor costs and chargeable additional services are separate.

No further initial letting fee applies simply because the same tenant stays. Additional work may attract the charges below. No management fee applies to rent not received during a genuine void period. Fees remain payable where rent is paid directly to the landlord during a continuing management instruction.

Multi-Agency

14% of annualised rent (16.8% incl. VAT). Minimum £2,500 (£3,000 incl. VAT). Applies to Let Only and Fully Managed instructions when a tenancy results from our introduction or negotiation, in accordance with our Terms of Business. Fully Managed instructions also attract ongoing management fees of 5% of rent collected (6% incl. VAT).

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* Managed inventory provision is subject to the contents-value conditions below. ** Where instructed and legally permitted; court proceedings and specialist legal services are separate. Included services refer to our administration or coordination; contractor costs and applicable additional charges are separate.

Replacement Tenancies

If a tenancy ends within six months and we are instructed to find a replacement, no new initial letting fee applies to our letting service. Replacement setup costs remain payable: referencing, Right to Rent checks, tenancy preparation, inventory, check-in and deposit registration, at the rates below or as otherwise agreed in writing.

If a tenancy ends six months or more after commencement, the full applicable initial letting fee applies when the replacement tenancy begins. Ongoing management fees apply as normal to rent collected under managed instructions.

Additional Fees and Charges

These charges apply only where the service is not included in your package or is requested separately. Included services are not charged again. Charges are payable when the service is provided or arranged.

Tenancy Setup

• Tenant referencing, per tenant: £50 (£60 incl. VAT)
• Guarantor referencing, per guarantor: £50 (£60 incl. VAT)
• Right to Rent checks, per adult occupier: £25 (£30 incl. VAT)
• Tenancy agreement preparation: £275 (£330 incl. VAT)
• Deposit registration: £40 (£48 incl. VAT)

Inventory, Check-In and Check-Out

• Inventory / schedule of condition: from £150 (£180 incl. VAT)
• Check-in: £100 (£120 incl. VAT)
• Check-out: £100 (£120 incl. VAT)

For Fully Managed instructions, we prepare the inventory where contents are valued at £25,000 or less. Where the stated or reasonably assessed value exceeds £25,000, an independent inventory clerk is appointed and their charges are payable by the landlord at cost.

Safety and Compliance

• Gas Safety Certificate, including inspection and certificate: £120 (£144 incl. VAT)
• EICR: from £230 (£276 incl. VAT); depends on property size, with repairs quoted separately
• EPC, including certificate: £130 (£156 incl. VAT)
• Portable appliance testing, including certificate: £50 (£60 incl. VAT)
• Smoke and carbon monoxide alarm visit: £50 (£60 incl. VAT), plus alarms at cost

During the Tenancy

• Revision of tenancy agreement: £275 (£330 incl. VAT)
• Rent increase / rent review administration: £160 (£192 incl. VAT)
• Additional property inspection with written report: £100 (£120 incl. VAT)
• Vacant property inspection with report: £100 (£120 incl. VAT)
• Major works / project management beyond routine maintenance: 10% of net works cost (12% incl. VAT)
• Non-Resident Landlord administration, including quarterly HMRC returns: £500 per year (£600 incl. VAT)
• International bank transfer, per payment: £30 (£36 incl. VAT), plus bank charges
• Replacement keys / locksmith: at cost

Deposits, Notices and Legal Administration

• Transfer of deposit during the tenancy: £100 (£120 incl. VAT)
• Deposit negotiation and dispute submission — Let Only: £300 per hour (£360 incl. VAT), minimum £600 (£720 incl. VAT); included in managed services
• Early surrender administration, including surrender paperwork, deposit release and account closure: £360 (£432 incl. VAT)
• Attendance at court, per day or part day: £600 (£720 incl. VAT)
• Possession / court administration: quoted in advance

Independent legal fees, court fees, advocacy, enforcement costs and specialist possession work are additional unless expressly agreed otherwise.

Third-Party Costs and Payment

Contractor invoices, repairs and authorised third-party expenses are payable separately. Charges described as “at cost” are passed on at the actual amount charged. Fees, VAT and authorised expenses may be deducted from money held for you under our Terms of Business. Where funds are insufficient, invoices are payable within seven days unless another period is specified.

Bespoke fees and variations are agreed in writing. Our Landlord Terms of Business set out the full service scope, payment provisions and cancellation terms.

Memberships and Client Money Protection

• The Property Ombudsman: T12300
• Client Money Protection — Money Shield: 80932256
• Tenancy deposit protection — TDS Insured: G13053

Contact: [email protected]