McKay Property Solutions Ltd
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Block Management
List of Fees
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McKay Property Solutions Ltd
Home
Lettings & Management
Block Management
List of Fees
Contact Us
More
  • Home
  • Lettings & Management
  • Block Management
  • List of Fees
  • Contact Us
  • Home
  • Lettings & Management
  • Block Management
  • List of Fees
  • Contact Us

Property Management Fees: Comprehensive List

Lettings

A comprehensive list of lettings fees associated with both residential and commercial lets, including various property management costs and tenant finder fees.

Management Fee

7.5 - 10%

Recurring monthly fee to facilitate the day-to-day management of your property

Drafting of new Assured Tenancy Agreement

£100.00

New contract drafting between Landlord & Tenant(s) often involves considerations such as lettings fees, property management costs, and tenant finder fees.

New tenant finders fee

£100.00

Costs associated with advertising and sourcing a suitable tenant include lettings fees, property management costs, and tenant finder fees.

Termination fee

1 months rent

Should the landlord wish to terminate the management agreement (with sourced tenants in situ), then a Termination Fee to the Agent, equivalent to one month's rent based on the most recent rental amount achieved, is due. This fee compensates the Agent for the property management costs and continued benefit derived from the tenancy introduced by the Agent, which also accounts for the lettings fees associated with tenant finder fees.


Block Management

A list of fees relating to block and estate management, including various property management costs, lettings fees, and tenant finder fees.

Management Fee

£200/per unit p/a

The cost is £200 per unit per annum, which includes various lettings fees, property management costs, and tenant finder fees.

Accountancy services

£600.00

Yearly accounts due for filing, including considerations for lettings fees and property management costs. Accountancy services are out-sourced, and tenant finder fees may also be applicable.


Joint venture/maintenance work & Miscellaneous

Add a description about this category, including details on lettings fees, property management costs, and tenant finder fees.

Arranging/sourcing of works

10-30%

The fee is determined based on the total job value, which includes various lettings fees, property management costs, and tenant finder fees.

Hourly rate

£50.00

The hourly rate charged for services, whether onsite, administrative, or ad-hoc, may vary and could include lettings fees, property management costs, and tenant finder fees.

Property Valuations

£600.00/unit

RICS certified property valuations are essential for understanding the true value of a property, especially when considering lettings fees, property management costs, and tenant finder fees. These valuations help landlords make informed decisions regarding their investments and ensure they are aware of all associated costs.

Probate services

£700.00/unit

Probate reports for estate often include various financial aspects such as lettings fees, property management costs, and tenant finder fees, which are essential for understanding the overall estate value.

Sales

2%

The commission percentage is determined based on the sale price of the property, which can also be influenced by various factors such as lettings fees, property management costs, and tenant finder fees.

Lease Extension

£1,500-£2,500

Statutory and informal considerations often involve various aspects of property management costs, including lettings fees and tenant finder fees.

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