SCALE OF FEES
Our principles are straightforward: integrity, transparency and unparalleled service
All fees are payable at the commencement of the tenancy and will be deducted from monies received by the Agent on the Landlord's behalf or invoiced as applicable. The fees below apply to the duration of the tenancy. (All fees are shown inclusive of VAT in brackets).
Circa London are a member of the Property Ombudsman Scheme and Propertymark Client Money Protection Scheme.
Circa London are a member of the Property Ombudsman Scheme and Propertymark Client Money Protection Scheme.
| Full Management Commission: | 16% + VAT (19.2% inc VAT) of rent due (subject to a Minimum Fee of £2,500.00 + VAT) |
| Rent Collection Commission: | 12% + VAT (14.4% inc VAT) of rent due (subject to a Minimum Fee of £2,250.00 + VAT) |
| Let Only Commission: | 10% + VAT (12% inc VAT) of rent due (subject to a Minimum Fee of £2,000.00 + VAT) |
Tenancy Renewal Fee for second year: | |
| Full Management: | 16% + VAT (19.2% inc VAT) of rent due |
| Rent Collection: | 12% + VAT (14.4% inc VAT) of rent due |
| Let Only: | 10% + Vat (12% inc VAT) of rent due |
Tenancy Renewal Fee for third year: | |
| Full Management: | 16% + VAT (19.2% inc VAT) of rent due |
| Rent Collection: | 12% + VAT (14.4% inc VAT) of rent due |
| Let Only: | 10% + Vat (12% inc VAT) of rent due |
| ADDITIONAL CHARGES: | |
| Tenancy Agreement fee: | £250 + VAT (£300 inc VAT) |
| Renewal Agreement fee: | £200 + VAT (£144 inc VAT) |
| Check In & Check Out fee starts at: | £220+ VAT (£264 inc VAT) |
| Tenant Referencing fee: | £40 + VAT (£18 inc VAT) per tenant |
| Deposit Registration fee: | £35 + VAT (£42 inc VAT) |
| Deposit Reconciliation fee (Non-managed): | £200 + VAT (£240 inc VAT) |
| Major works fee | 10% + VAT for works exceeding £1500 |
| Maintenance Repair Limit: | £300 (where rent is paid monthly in advance) |
Obtaining estimates & supervision of major works: | 10% + VAT (12% inc VAT) cost of any works exceeding £500. |
| Redirection of mail overseas: | Cost of postage |
| International bank transfer per transaction: | £25 + VAT (£18 inc VAT) |
| HMO Licence applications: | £600 + VAT (£720 inc VAT) |
| Selective License applications: | £300 + VAT |
| Accompany third parties at the property: | £50 + VAT (£60 inc VAT) per hour |
| Vacant management service: | £250 + VAT (240 inc VAT) per month |
| Insurance claim handling fee: | 10% + VAT of gross claim (£120 inc VAT) |
| Interest on late payments to the Agent: | Interest will be charged from the date the fees become due at the annual rate of 4% above the base rate of Bank of Scotland |
| Court attendance: | £200 + VAT (£120 inc VAT) per hour |
| Sales fee if property sold to Tenant: | 2% + VAT (2.4% inc VAT) of purchase price |
| Sales fee if property sold with ongoing tenancy: | Balance of letting fee due for remainder of term where purchaser does not continue letting service with Circa London |
These fees are included in the Standard Management Fee but additional on Let Only and Rent Collection Services: | |
| Arranging gas safety check: | £50 + VAT (£60 inc VAT) plus costs |
| Duplication and testing of extra keys: | £25 + VAT (£30 inc VAT) plus costs |
| Issuing Notice of Seeking Possession: | £50 + VAT (£60 inc VAT) |
