Landlord Fees

Monteo London charges following fees from the landlord to fully manage their properties

Management Fee 14.4% (Inc VAT)

  • Provide a market valuation
  • Agreeing a market price
  • Providing sales and Marketing
  • Accompanying potential tenants to the property on viewings
  • Collect and remit the monthly rent
  • Provide the landlord with a monthly invoice
  • Pursue non-payment of rent and provide advice on rent arrears actions
  • Deduct commission and other works
  • Advise all relevant utility providers of changes
  • Undertake one inspection visit per annum and notify landlord of the outcome
  • Arrange routine repairs and instruct approved contractors
  • Hold keys throughout the tenancy term
  • Serve notice at the end of the tenancy should both parties not wish to renew
  • Make any HMRC deductions and provide the landlord with the NRL6 (if relevant)

Deposit fee £50 (inc VAT)

  • Register landlord and tenancy 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 the start of the tenancy
  • This is to be paid at the start of each renewal throughout the duration of the tenancy Inventory

Professional Inventory Report

  • Studio – £180.00 (inc VAT)
  • 1 bed – £180.00 (inc VAT)
  • 2 bed – £222.00 (inc VAT)
  • 3 bed – £252.00 (inc VAT)
  • 4 bed £276.00 (inc VAT)
  • 5 bed £288.00 (inc VAT)
  • To attend the property prior to the check in and take photos and detailed the condition of the property
  • To compile a very detailed report which is provided to the tenant at check in Check In
  • Inventory clerk to meet the tenant at the property for at least 1 hour
  • Walk through the property with the tenant discussing the report and the property
  • Inventory Clerk to point out appliances and show them how to use each one
  • Make any amendments to the report should the tenant address them within 10 days of receiving the report

Energy Performance Certificate £66.00 (inc VAT)

  • Completion of an Energy Performance Assessment and issue of an Energy Performance Certificate
  • The payment is made to the Energy Performance Assessor

Gas Safety Certificate £120 (inc VAT)

  • Carrying out a Gas Safety Inspection and issuing a Gas Safety Certificate
  • The payment is made to the gas safety engineer