TPS Commission Fees

Scale of fees for Let Only (initial term of 12 months)
· Initial term 9.6% inc VAT (8% plus VAT) of the gross rental due
· 2nd year term 7.2% inc VAT (6% plus VAT) of the gross rental due
· 3rd year term 4.8% inc VAT (4% plus VAT) of the gross rental due
· For any extension thereafter 3% inc VAT (2.5% plus VAT) of the gross rental due

Fees for Full Management Service (includes rent collection)
· 15.6% inc VAT (13% plus VAT) of the monthly rental due, taken monthly

Examples of Fees:
· On a 12 month Let Only service with a monthly rental of £1000 per month, our commission fee of 9.6% inc VAT (8% plus VAT) would be £1152 inc VAT (£960 plus VAT).
· On a Managed property with a monthly rental of £1000 per month, our commission fee of 15.6% inc VAT (13% plus VAT) would be £156 inc VAT (£130 plus VAT) taken monthly.

Additional Fees and Charges

· Deposit Protection (TDS) £48 inc VAT (£40 plus VAT)
· Gas Safety Certificate £70 (no VAT added)
· EPC Certificate £70 (no VAT added)
· Duplicate Rental Statement £12 inc VAT (£10 plus VAT)
· Annual Tax Return Statement £48 inc VAT (£40 plus VAT)
· Inventory £POA

The Property Studio is a licensed member of NFOPP (NAEA & ARLA). We have Client Money Protection (CMP) provided by NFOPP, and are members of an Independent Redress Scheme provided by TPO (The Property Ombudsman).