Exeter Estate Agents

Landlords' fees

TENANCY SET UP ONLY

4% + VAT (4.8% including VAT) of the gross rent received for the full duration of tenancy i.e. until the tenant/s vacate the property. For Let Only student properties, fees will be calculated over a 12 month term.

Upon any re-letting of the property to the tenant for a further term, a fee equivalent to one month’s rent increase (if applicable) or £60 (including VAT), whichever is the greater, will be charged for the negotiation and preparation of the extended agreement.

TENANCY SET UP & MANAGEMENT

10% + VAT (12% including VAT) of the gross rent received for the full duration of tenancy i.e. until the tenant/s vacate the property. For full management student properties, fees will be calculated over a 12 month period.

TENANCY RENEWAL FEE

Upon any re-letting of the property to the tenant for a further term, a fee equivalent to one month’s rent increase (if applicable) or £60 (including VAT), whichever is the greater, will be charged for the negotiation and preparation of the extended agreement.

INVENTORY AND SCHEDULE OF CONDITION, INCLUDING MOVE IN PROCEDURE

Winkworth insist all properties have a full independent inventory and schedule of condition prepared, with a move in procedure. The inventories are carried out by a professional, independent inventory clerks and the cost of the inventory will be deducted from the first month’s rent.

PROFESSIONAL CLEANING

Winkworth insist all properties have an independent professional clean, with receipt for proof if needed in a dispute and the cost of the cleaning will be deducted from the first month’s rent.

Tenants fees

£240 per individual adult applicant.
£360 per adult couple, or for Company Let application. 
£120 per Guarantor (if applicable)

SECURITY/DAMAGE DEPOSIT**

Normally equivalent to circa 6 weeks rent but the precise figure will be advertised and
confirmed.

OTHER FEES/CHARGES

Inventory Check Out Fee    
£60 per bedroom, subject to a minimum charge of £120

Tenancy Addendum Fee    
£120 (if at Tenants’ request and subject to Landlords’ approval). 

Late Rent Payment Admin Fee    
£24 (per rent chase letter or email sent – maximum fee frequency, until rent arrears settled,
every 5 working days).

Replacement Key Fee    
£24 for a standard cylinder/mortice key or £42 for a coded security key (chargeable per key
for any key/s lost or damaged by the tenants)