Our fees
We believe in clear pricing with no surprises. Every fee we charge is listed below. MSJ Estates Ltd is not registered for VAT, so no VAT is added: the prices shown are the full amount payable.
Fees for landlords
Full management: 10% of the monthly rent collected, with a minimum of £65 a month.
Included at no extra cost:
- advice on the achievable rent, marketing and finding tenants;
- tenant referencing and Right to Rent checks;
- preparing and signing the tenancy agreement;
- registering the deposit with MyDeposits;
- collecting rent and paying it to you, with a statement;
- an inspection after three months, then every six months;
- arranging repairs with contractors, with your approval for work over £150;
- arranging safety certificates and managing renewals and the end of the tenancy.
Other fees, charged only when they apply:
- Finding a new tenant: £500 for each new tenancy. Waived for the first tenant where the property was sourced by Property505.
- Tenancy renewal: £100
- Serving a legal notice: £100
- Additional inspection at your request: £60
- Deposit dispute, alternative dispute resolution or court preparation: £120
- Ending our agreement during a tenancy we arranged: £300
- Court attendance, and non standard tenancies such as company lets: quoted in writing before any work starts.
The cost of repairs and safety certificates themselves is paid by the landlord.
Fees for tenants
We only ask tenants for the payments allowed by the Tenant Fees Act 2019.
- Holding deposit: no more than one week's rent, to reserve a property.
- Security deposit: no more than five weeks' rent, protected with MyDeposits.
- Rent, as set out in your tenancy agreement.
- Late rent: interest at 3% above the Bank of England base rate on rent more than 14 days late, from the date it was due.
- Lost keys or security devices: the reasonable cost of replacement, with evidence provided.
- Changes to your tenancy at your request, such as adding a pet or a change of sharer: £50, or our reasonable costs if higher, with evidence provided.
- Utilities, council tax, TV licence and communication services, where these are your responsibility under the tenancy.
Our memberships
MSJ Estates Ltd is a member of the Property Redress Scheme, membership number PRS038235, and of ClientMoneyProtect, membership number CMP013952. Our complaints procedure explains how to raise a concern.