List of Fees – Landlords or Prospective Landlords

All fees/payments are listed are inclusive of VAT

Title Amount Description
Commission 10% + VAT Commission payable on any rent collected. Commission is deducted before the rent balance is paid to landlord.
Initial Letting Fee £300.00 Payable when the contract holder moves into the property. This will cover the advertising of the property, occupation contract and inventory costs.
Let and Forget Fee £540.00 Payable if Pennaf Premier find a contract holder for the property but will not be managing the property.
Court Attendance £250.00 If Pennaf Premier Properties Ltd are required to attend a court date.
Cancellation of Management Agreement before occupancy £240.00 If the management agreement is terminated once a prospective contract holder has been agreed but before a contract holder has taken occupancy.
Cancellation of Management Agreement during tenancy. Payment equivalent to management charges for a six month period + VAT Payable if landlord wishes to terminate management during occupancy.
Rental Guarantee T.B.A. This fee is dependent on the provider of the Rental Guarantee. Conditions to be discussed.
Service of Notices £30.00 Serving any legal notice to contract holders on behalf of the landlord.
Vacant Property Visits £30.00 Visiting any rental property on behalf of the landlord during periods where the property is vacant.
Maintenance Handling Fee 15% + VAT Fee to be paid to Pennaf Premier for arranging and coordinating maintenance work at any rental property. This fee is incorporated into the quote provided to the landlord for any work required and is therefore deducted from the funds paid for that work.

Sales Fees

All fees listed are inclusive of VAT

Title Amount Description
EPC £53.10 EPC only. This will be arranged for the property and displayed on the brochure. A copy will be available for the vendor. Payment to be made in advance of arranging the EPC.
Sales Fee – Option 1 £780.00 Payment in full to be made upfront on receipt of invoice, once sales agreement has been signed and prior to the property being marketed.

Payment is not refundable (this is the case whether the property does or does not sell)

This offer is not available in conjunction with any other offer.

This offer does not include the following services;

  • Assisted viewings – the vendor is to conduct their own viewings
  • Taking and coordinating offers – potential purchasers to liaise direct with vendor
  • Coordination of sale process once offer is accepted – vendor and purchaser to coordinate directly with solicitors.
Sales Fee – Option 2 1.25% plus vat.

Vat inclusive minimum fee £1500.00

 Our Standard full service. Payable on completion of the property sale.

Deposits – secured at The Deposit Protection Scheme
Redress Scheme – Pennaf Premier Properties Ltd is a member of a redress scheme and the name of the scheme is The Property Ombudsman.

All fees are inclusive of VAT.

Pennaf Premier Properties Ltd are a member of the Lonsdale CMP Scheme.
Pennaf Premier Properties Ltd are a member of the Information Commissioner’s Office.
Pennaf Premier Properties Ltd are licensed by Rent Smart Wales.