At Sulets we pride ourselves on being honest and open about our property owner fees.
Sulets offer two types of service to our property owners, here is an overview of what is included and how they compare.
Sulets Premium Service
You lease your property to Sulets for a fixed term, and we guarantee your rent.
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.
There is no set up fee, management fee or VAT. The Landlord agrees to let the property to Sulets, when Sulets has found suitable prospective occupiers. Instead of a set up and management fee the agent is entitled to keep the difference between the rent reserved by the lease and the rent payable by the occupiers.
Valid safety certificates must be provided at the start of the lease and will then be renewed by Sulets once they expire. The certificates covered include the gas safety record, legionella test, the periodic inspection/fixed wiring test and the portable appliance test. The HMO licence is not covered.
Premium Service Fees
| Management Fee | £0. We lease the property from you |
| Set-up fee | £0 |
| Maintenance Fee | We charge 12% (10% + VAT) on the total cost of any repair for the commissioning, checking and invoicing of the repairs for Premium service properties. |
Premium Additional Fees
| Gas Safety Certificate (Boiler or 1st item) | £0, included with premium |
| EPC | £0, included with premium |
| PAT Test | £0, included with premium |
| Legionella Risk Assessment | £0, included with premium |
| Electrical Installation Certificate | £0, included with premium |
| Preparing HMO licence | £240 plus the HMO application fee – currently £900 |
| Attendance at HMO License property inspections | £60 |
| Attendance at Court on behalf of Landlord | £240 |
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 12% (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.
Managed Service Fees
| Management Fee | 13.2% (11%+VAT) management fee for one property (or the first property in a portfolio) and 12% (10%+VAT) each for every additional property that you place with Sulets. |
| Set up fee | 30% (25%+VAT) of first months rent upon first renting the property. Minimum amount chargeable £300.00.
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. |
| Maintenance Fee | We charge 12% (10% +VAT) on the total cost of any repair for the commissioning, checking and invoicing of the repairs for Premium service properties. |
Managed Additional Fees
| Gas Safety Certificate (Boiler or 1st item) | £75 |
| Gas Cert & Boiler Service | £96 |
| EPC | £84 |
| PAT Test | £48 |
| Legionella Risk Assessment | £78 |
| Electrical Installation Certificate | £240 |
| Preparing HMO licence | £240 plus the HMO application fee – currently £900 |
| Attendance at HMO License property inspections | £60 |
| Attendance at Court on behalf of Landlord | £240 |
Compare our services
| Premium Service | Managed Service | |
| Guaranteed rent payments |  |
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| 6 property cleans throughout the year | |
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| Safety certificates included | |
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| All bills included for tenants | |
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| Initial appraisal and valuation | |
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| Marketing of property | |
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| Production of tenancy documents | |
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| Production of guarantor documents for each tenant | |
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| Deposit registration, collection and return with DPS | |
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| Collection of rent and transfer | |
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| Inventory | |
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| Property inspections | |
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| Maintenance service for minor repairs | |
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| Check out inspection | |
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| Dilapidations and arbitration of bond deductions | |
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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.
