Ready to Make Your Move?
Whether you’re a landlord looking to maximise your property’s potential or a tenant searching for your next home, Roger Parry and Partners are here to help! Our transparent fee structure ensures you know exactly what to expect. This makes the rental process smooth and stress-free.
Key Aspects:
At Roger Parry and Partners we offer a transparent and detailed structure for landlord and tenant fees. This ensures clarity and fairness in rental transactions. Here’s an overview of the key aspects:
For Tenants:
- Holding Deposit: Equivalent to one week’s rent, this deposit secures the property while the necessary paperwork is completed. If the tenant decides not to proceed, provides false information, or fails required checks, the deposit may be retained 1.
- Tenancy Deposit: Typically equivalent to five weeks’ rent, this deposit is held as security against any potential damage or unpaid rent. It is protected by the Deposit Protection Service.
- Rent Payments: Rent is usually paid monthly in advance. The first month’s rent is due before the tenancy begins.
- Other Fees: Tenants may incur additional charges for breaches of the tenancy agreement. These include late payment fees or costs for lost keys, in line with the Tenant Fees Act 2019.
For Landlords:
- Letting Fees: These cover the costs of marketing the property, conducting viewings, and managing the tenancy. The fees can vary depending on the level of service chosen (e.g., tenant find, rent collection, or full management).
- Management Fees: For landlords opting for full management services, these fees cover ongoing property management. They include maintenance, rent collection, and dealing with tenant issues.
- Additional Services: Landlords may also be charged for additional services such as property inspections, legal notices, and arranging repairs .
At Roger Parry and Partners we emphasize the importance of transparency in our fee structure. This ensures that both landlords and tenants are fully informed and can budget accordingly. This approach helps us foster trust and smooth transactions in the rental market.