Fees for HMO Management
Scale of Fees - Standard Management Service - HMO Management
| Service | Fee |
|---|---|
| Standard Management Fee | 15% of rent due |
| Occupation Contract Set-up Fee per contract* | £275.00 |
| Tenant Find Service | See below |
| Duplication & testing of extra keys | £75.00 |
| Attending Court | £175.00 per half day |
| Attending gas safety check | £75.00 |
| Call out Emergencies | £75.00 up to an hour |
| Inventory Furnished | £350.00 |
| Occupation Contract Renewal / Variation | £75.00 |
| Issuing of notice | £75.00 per notice |
| Deposit Registration | £35.00 per tenancy |
| Contractors | Actuals +10% |
| Periodic Property Inspection | £35.00 per room |
| Checkout | £50.00 per tenant |
| Check-in | £50.00 per tenant |
| Fire Risk Assessment | £350.00 |
| Rent Smart Wales Landlord Registration Support | Support only – registration fee paid directly by landlord |
| Preparation of HMO Licence Application | £500.00 |
* does not include tenant find service
Tenant Find Service
Tenant find service will be charged at £275.00 per tenant.
This service will include:
- Free valuation & rental advice to maximise your potential income
- Photos of property
- Write up Full detail advert
- Marketing on all major portals & social media
- Accompanied viewings (Up to 4)
- Full detailed referencing
- Preparing Written Occupation Contracts
- Collection of first month's rent
Please note all prices are inclusive of VAT
Rent Smart Wales landlord registration must normally be completed and verified by the immediate landlord. TKR Management can provide guidance and administrative support, but will not submit a landlord registration unless authorised under an appropriate legal arrangement, such as a valid Power of Attorney.
Tailoring to your needs
We recognise lot of landlords would prefer bespoke tailoring of packages to their individual & property circumstances.
Please contact us with any unique needs you have. We are happy to help.
Important Notice: We are currently reviewing our fees and charges to ensure they remain fair, transparent, and compliant with Rent Smart Wales and the Renting Homes (Fees etc.) (Wales) Act 2019. The fees listed below are current and valid until further notice. Any amendments will be published here prior to taking effect.
Important: We take care to ensure the information in our content is accurate and up to date, but property regulations, tax rules and market conditions can change. The information provided is general guidance only and should not be relied upon as legal, tax, financial or investment advice. Please speak to us about your individual circumstances and obtain appropriate professional advice before making significant property or investment decisions.
