We understand that when it comes to looking at letting your property and choosing a letting agency, one service does not fit all. You might only need help finding a good tenant; you might want help with everything.
Whether you want to be hands on with your investment, or sit back and allow someone to manage your property on your behalf, Prospect has the solution for you. We offer four tiers of Property Management service, covering everything from just finding you a tenant to our most popular service, Premier Managed, where we take care of everything from rental payments to maintenance.
Our Property Management services are award-winning, so regardless of which tier you opt for, you can rest assured you and your property will be well looked after.
Discover what is included in each of our different service levels on the handy chart below. If you’re ready to speak with your local lettings expert, then click one of the buttons below to give us a call or arrange your free, no obligation lettings valuation.Book a Lettings valuation
(14.4% inc VAT)
(10.8% inc VAT)
In addition to the fee we charge to manage your property portfolio, there are a few additional set up fees for you to be aware of. There are also additional costs that could be incurred throughout the tenancy, which are also detailed below.
Inventory reports, check in reports, midterm inspections and check out reports are essential to protecting you and your investment from unnecessary costs. See our property report price list below or call your property manager for a quotation.
|1 Bedroom update||£72||£75|
|2 Bedroom update||£84||£87|
|3 Bedroom update||£96||£102|
|4 Bedroom Update||£120||£132|
|4 Bedroom (2k - 2.5k PCM)||£270||£300|
|4 Bedroom Update (2k - 2.5k PCM)||£135||£150|
To attend for specific reasons such as neighbour disputes, more visits to monitor the tenancy or for any maintenance issues.
The first 2 applicants are included in set up fee. After this, any additional applicants are chargable.
Guarentor references are available upon request.
Legal requirement if the property does not already have one. Valid for 10 years.
Renewal fee charged to Landlords for renewing a tenancy agreement on our Portfolio Service
Annual charge for administration and preparation of documentation
If the move in date is delayed due to the property not being ready, a delayed move in fee is charged to cover the contract adjustments.
Contract negotiation, amending terms and updating the tenancy agreement during the term of the current tenancy.
Landlords of privately rented accommodation must:
Includes up to 5 Portable appliance tests. Additional Items in need of a PAT will be charged at £11 (Inc VAT) per item.
|Property Size||EICR Cost inc. VAT|
|Studio – 2 Bedroom||£222 inc. VAT|
|3 bedroom – 6 Bedroom||£264 inc. VAT|
|6 Bedroom plus||(Price Above) + £30 inc. VAT per extra Bedroom|
Additional Items in need of a PAT will be charged at £6 (Inc VAT) per item
|Property Size||Gas safety certificate & EICR Cost inc. VAT|
|Studio – 2 Bedroom||£322 inc. VAT|
|3 bedroom – 6 Bedroom||£363 inc. VAT|
We advertise our management service fees without the inclusion of VAT. The table below details the service level and the management fee including VAT to help with calculations:
|Service Level||% Inc VAT)||% Exc VAT)|
Where actions of the tenant results in the agent (or nominated contractor) attending the property, time to remedy the situation is charged at the hourly rate.
If when moving out of the property the checkout report details work that needs to be be done, a 10% administration fee based on the total value of works order will be charged for arrangement and administration.
A quarterly charge to remit and balance the financial return to HMRC quarterly – and respond to any specific query relating to the return from the landlord or HMRC
Register landlord and tenant details and protect the security deposit with a Government-authorised Scheme. Provide the tenant(s) with the Deposit Certificate and Prescribed Information within 30 days of start of tenancy.
To prepare documentation to be used in supporting evidence in the event of the opening of a TDS arbitration case.
Two quotes are provided on most property maintenance work that is required. Where three or more quotes are requested by and obtained for the landlord, a charge of £60 for each quote after the initial two quotes will apply.
Includes the issuing of a Section 21 notice and the supporting documentation.
Includes the documentation support for TDS Arbitration claim or court attendance fee.
As a member of property mark, we follow strict money handling guidelines. A link to the full set of these guidelines can be found by clicking here.
If you would like any assistance calculating the service fees or for more information in connection to the above, please contact our Property Management department on: 0118 955 9747.
'Prospect' has recently helped me with selling my flat although my property was not the easiest to sell. 'Prospect' is represented by a team of enthusiastic, hardworking, professional, hardworking people who don't easily give up. I definitely recommend 'Prospect'.
I moved to Prospect from another Agency last year after a complete refurbishment of my flat ready to let and I am so glad I made the move! I am particularly impressed with Agnese and the way she is managing my property, very efficient, always cheerful and very helpful.
Prospect Estate Agency is committed to conduct our operations in a fully compliant manner. We fully support and adhere to all regulations covering the industry including The Estate Agency Act 1979, Competition Act 1998, The Consumers, Estate Agents and Redress Act 2007, Consumer Protection Regulations 2008, Sanctions and Anti-Money Laundering Act 2018, GDPR Act 2018, UK Competition Law, The Property Ombudsman Code of Practice and ARLA & Propertymark Protection.
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