Landlord FeesPrices (+VAT)
Find a Tenant£500 or 50% of the monthly rent, whichever is greater
Find a Tenant and Rent Collection£500 or 50% of the monthly rent, whichever is greater, plus 5% of the monthly rent
Fully ManagedFind a Tenant Fee plus 12% of the monthly rent
Full Managed and Rent Guarantee InsuranceFind a Tenant Fee, 12% of the monthly rent plus £30pcm
ServicesFind a TenantFind a Tenant & Rent CollectionFull ManagementFull Management & Rent Guarantee Insurance
Advertising and Marketing
Arrange and accompanied viewings where necessary
Introduce a tenant and complete Reference Checks
Preparation and signing of Approved Tenancy Agreement
Arrange for payment of deposit and first month’s rent
Deposit registration and release
Monthly rent collection and chasing of any rent arrears
Produce accounts reports
Arrange safety checks in accordance with current legislation
Repairs and Maintenance Service
Initial three-monthly inspection and six monthly thereafter
Tenant welcome and exit meetings
Assess dilapidations and deal with return of deposit*
Rent Guarantee Insurance
Proceedings and action for damage and rent arrearsOptional ExtraOptional ExtraOptional ExtraOptional Extra
Inventory and Check OutOptional ExtraOptional ExtraOptional ExtraOptional Extra

*Conditions apply

TENANT DEPOSITS

At youngsRPS, we offer two tenant deposit schemes.

Traditional Deposit Scheme

youngsRPS is registered with accredited custodial deposit providers including the Deposit Protection Service (DPS) and the Tenancy Deposit Scheme (TDS). If you decide upon using this scheme, the tenant will be asked to pay a bond up to a maximum of five weeks’ worth of rent. This money would be lodged by youngsRPS with the relevant protection scheme who would hold the funds until the tenancy ends.

For the vast majority of tenancies, letting agents, landlords and tenants agree on how the deposit should be divided between them at the end of the tenancy. In a small number of cases, the free dispute resolution service is needed to help come to an agreement. Our detailed inventories (additional cost) completed at the start of the tenancy help protect both the landlord and tenant by agreeing on the condition of the property at the point of moving in. These, along with any end of tenancy condition reports, can then be used to assist in the decision-making process. They are a vital record should there be a dispute at the end of the tenancy.

Alternative Deposit Scheme – Flatfair

We are now working alongside Flatfair, an alternative option to a traditional deposit scheme for landlords and tenants. Instead of the maximum five weeks’ worth of rent, tenants pay a small check in fee of one weeks’ rent or £120 (whichever is greater). This payment is non-refundable. Tenants are then required to pay for any damages they are responsible for when it is time to move out. Please note, the non-refundable deposit does not count towards any end of tenancy charges.

Tenants must pass referencing in order to qualify for this scheme. To find our more, please click here. [link to Flatfair Info PDF]

RENT GUARANTEE INSURANCE

At youngsRPS, we pride ourselves on securing the best tenant rather than the first one for our landlord’s properties. Unfortunately, and on rare occasions, tenants may find their financial circumstances change unexpectedly e.g. relationship breakdown, redundancy etc. For some landlords, rent arrears can put a serious strain on their finances, particularly when they rely on this income to pay a buy-to-let mortgage. youngsRPS Rent Guarantee Insurance provides landlords with peace of mind that we will assist in settling a dispute in rent arrears or damage to a property outside of the legal system as well as handle the time-consuming task of making a settlement. With our service, you’ll always get the income you expect, regardless of whether the tenant has paid. To find out more, please click here. [Link to rent guarantee insurance PDF - will provide separately]