Thomas Estates

The Consumer Rights Act 2015



When instructed as managing agent a marketing and setting up fee of 425 and a monthly management fee of 10% of the monthly rent per property is charged.

 If the tenancy agreement is terminated within 6 months or terminated before the due date of an annual agreement there is a minimum fee of 10% of the equivalent of six months’ rent premium and other monies payable.

No charge to the landlord for tenants referencing.

No charge for recorded property inspections every 3 months.

No charge for registering the tenants deposit with Deposit Protection Service.

No charge for notifying the utility companies at the start/end of a tenancy.

No charge for preparation of an Inventory and Schedule of Condition for unfurnished property.

No charge at the end of a tenancy, reminding the tenant of their obligations, property inspection and cross referenced with Inventory and Schedule of Condition report.

No commission/admin fees added to contractor’s charges

•  When not instructed as managing agent, a fee of one month’s rent will be charged at the time tenancy agreement are exchanged with a tenant.

 Optional Fee’s & Services

When we are managing the property:

If applicable, cost price for having two master key(s) cut, to be held by managing agent.

90 for survey, production and registration fee of an Energy Performance Certificate as required by legislation, if one is not available.

72 for optional first 6 months insured rent income protection (insurer’s conditions may apply).

30 for use of our standard tenancy agreement.

30 for checking and making any alterations requested by yourself or your solicitor to our standard tenancy agreement.

50 for checking and using any other tenancy agreement provided by you.

30 for additional inspection visits to a property (excludes property inspections which are free)

30 for serving each legal notice under the Housing Act.

70 for preparation of an Inventory and Schedule of Condition for furnished property. Unfurnished is free if we are managing the property.

50 at the end of a tenancy dealing with any deposit claims with Deposit Protection Service.

30 per visits during an unoccupied period using our caretaker service (recommended once a fortnight. Insurers may stipulate shorter or permit longer periods between checks – refer to policy conditions).

60 if the Landlord are not resident in the UK, each quarter for tax retention and completion of the documentation required by HM Revenue & Customs.

100 administration fee for transfer of relevant documents if the property is withdrawn from our management. This does not include inventory which is charged as below.

 When we are not managing the property:

30 to register the deposit with the Deposit Protection Service.

70 for preparation of an Inventory and Schedule of Condition for unfurnished property.

100 for preparation of an Inventory and Schedule of Condition for furnished property.

30 for inspection visits to a property, after commencement of a tenancy.

60 for service of a notices to terminate a tenancy.

60 per event, if subsequently asked to negotiate with the tenant.

If you instruct us to “proceed” with an agreed tenancy when managed or not and Landlord subsequently withdraw your instructions prior to the tenancy starting, you agree to meet some of the costs and the expenses incurred by us of not less than 180. You may also be liable to compensate the tenant for expenses they incurred.

On request additional services can be given on a consultancy basis and agreed in writing.

Thomas Estates are members of the Property Ombudsman and subscribe to the Property Ombudsman Code of Practice.

Thomas Estates All rights reserved |