Landlords Fees

We offer a straightforward and transparent commission structure

As a member of The Property Ombudsman (TPO) for lettings we subscribe to TPO’s Codes of Practice.

TPO logos

This Government approved independent redress scheme gives consumers additional protection beyond that required by law.

Our clients and customers have peace of mind that there is free and fair redress available in the unlikely event of an unresolved dispute involving our agency. ​As regulated members of ARLA it means that any monies we hold on your behalf are insured. This gives you peace of mind and financial protection that your money will always be safe in our hands under the Propertymark Client Money Protection.

For a copy of our Propertymark Client Money Protection Certificate please check next file links:

Propertymark CMP Security Certificate Oliver Jacobs

Propertymark CMP Main Scheme Certificate – Oliver Jacobs.

Under our comprehensive Premium Management Service, we include all of the following within our commission rate of 18%.

Oliver Jacobs – services at a glance – Download PDF File

Landlord Fess - Oliver Jacobs - Estate agents

Arranging day to day maintenance and repairs is included within the management fee. For any major repairs and refurbishment works, where the cost exceeds £350, we apply a 10% administration and project management fee.

If we are arranging extensive improvements on a property, where work exceeds £2500, then we will look to agree a project management fee for organising the work, which will be up to a maximum of 20% of the invoice.

In addition to our Premium Management service, we also offer a comprehensive all-inclusive Full Management service at 16% and a Rent Management service which is charged at 11% as detailed above. By choosing either of these services the following additional charges would apply:

  • Professional Inventory Report – upon your instruction we will arrange for an inventory clerk to prepare an inventory for your property. The cost of the inventory will vary from £102 to £276 depending on the size and level of furnishing.
  • Check-in and check-out – There will be a charge of £144 for an independent inventory clerk to meet your Tenant and carry out a check-in report at the commencement of the tenancy and a contribution of £144 towards the clerk checking the Property at the end of the tenancy.
  • International Bank Transfer Fee – When we are instructed to transfer funds overseas there will be a charge of £30.
  • Non-Scheduled Attendance at Property Fee – When we are required to attend the property outside the terms of our contractual obligations, including attending for deliveries or waiting for contractors, there is a charge of £72 for the first hour and £36 for any additional hours.
  • Electrical Installation Condition Report – Upon your instruction we will arrange for an electrician to visit your property and carry out the relevant safety checks. The cost of the report varies from £200 to £300 depending on the size of the property.
  • Energy Performance Certificate – Upon your instruction we will arrange for an energy assessor to visit the property, assess the energy rating and issue the certificate at a cost of £144.
  • Gas Safety Certificate – Upon your instruction we will arrange for a registered engineer to visit your property and carry out the relevant safety checks before issuing the certificate which will cost £84.
  • An Early Surrender of Tenancy Fee of £300 is payable if you agree to end the Tenancy Agreement early, in order for one or more Tenants, but not all Tenants, to be replaced.

 

In addition to our all-inclusive services and costs as detailed above we also offer a Full Management service at 15% and a Rent Management service at 10%. By choosing either of these services the following fees would apply in addition to the above:

  • A New Tenancy Administration Fee of £480 contributes towards drawing up the tenancy agreement, collecting references on the new tenant, protecting the security deposit with a Government-authorised Scheme and provides the tenant(s) with a Deposit Certificate and Prescribed Information.
  • A Renewal Fee of £240 is paid in order to negotiate contracts, amend and update terms, arrange a further tenancy and re-register the security deposit with a Government-authorised scheme. It provides the tenant(s) with a Deposit Certificate and Prescribed Information within 30 days of the start of the tenancy.