It is important for you to be aware of our fees and to know exactly what you are getting so you can avoid any unwanted surprises.
Sulets Premium Service
You lease your property to Sulets for a fixed term at a flat rate.
Sulets will then sub-let your property to a group of tenants and take over the day-to-day management of the property. Your property will be returned to you at the end of the lease empty and in a similar condition to the start of the lease, allowing for fair wear and tear. The service is meant to be fully inclusive for property owners and tenants.
This service costs a flat rate of £13 per person per week. No fees or VAT apply to the lease so this is the full cost to you as the property owner.
In addition, £20 per person per week will be charged to the tenant to cover bills.
We charge 10% + VAT on the total cost of any repair for the commissioning, checking and invoicing of the repairs for Premium service properties.
Any certificates are charged separately – see table below.
Sulets Managed Service
Sulets will rent the property for you, collecting the rent and dealing with all the day-to-day management issues on your behalf.
With this service, once your property is let, Sulets will manage the property. We’ll take care of the tenancy agreements, deposit collection, chasing rent, and minor repairs.
We charge 10% + VAT on the total cost of any repair for the commissioning, checking and invoicing of the repairs for managed service properties.
Any certificates are charged separately – see table below.
Service Fees
| Management Fee | 13.2% (11%+VAT) management fee for one property and 12% (10%+VAT) each for two properties or more. |
| Set up fee | 30% (25%+VAT) of first months rent upon first renting the property.
If the same tenants remain in the property in future years, no further setup fees are charged. If more than 50% of the tenants change in any year, then the setup fee is chargeable again.
|
Additional Fees
| Gas Safety Certificate (Boiler or 1st item) | £75 (includes an arrangement fee of £30) |
| Gas Safety Certificate & boiler service | £96 (includes an arrangement fee of £41) |
| EPC | £84 (includes an arrangement fee of £24) |
| PAT Test | £48 (includes an arrangement fee of £18) |
| Legionella Risk Assessment | £78 (includes an arrangement fee of £18) |
| Electrical Installation Certificate | £240 (includes an arrangement fee of £24) |
| Preparing HMO licence | £240 plus the cost of the Licence |
| Attendance at Court on behalf of Landlord | £200 |
Got any further questions?
Make sure you check out our FAQs for Property Owners page with plenty of further information, covering everything from rent payments, contract lengths and damage charges.
