Fees

Landlord and tenant fees

In accordance with the Tenant Fees Act 2019 and the requirements of our redress scheme and client money protection provider, the following fees apply to lettings instructions handled by Williams London. All figures are inclusive of VAT at the prevailing rate.

Landlord fees

Letting only: 10% of the first year's rent
Inclusive of VAT. Minimum fee £1,800 inc. VAT.
Let and rent collection: 12% of the rent received
Inclusive of VAT. Charged monthly on collected rent.
Full management: 15% of the rent received
Inclusive of VAT. Charged monthly on collected rent.
Tenancy renewal: 8% of the renewed term
Inclusive of VAT, charged on extension or renewal of the tenancy.
Inventory and check-in / check-out: At cost
Charged at the supplier's prevailing rate, dependent on property size.
Energy Performance Certificate (EPC): From £120 inc. VAT
Where one is required and not already in place.

Tenant fees

Holding deposit: One week's rent
Refundable against the first month's rent, subject to the Tenant Fees Act 2019.
Security deposit (annual rent under £50,000): Five weeks' rent
Security deposit (annual rent £50,000 or more): Six weeks' rent
Changes to the tenancy (at the tenant's request): £50 inc. VAT
Or reasonable costs incurred, whichever is greater.
Early termination (at the tenant's request): Landlord's costs
Capped at the rent that would have been due to the end of the term, plus reasonable re-letting costs.
Late rent: Interest at 3% above Bank of England base rate
Charged from the date payment is overdue until paid.
Lost key or security device: Reasonable costs
Evidenced by receipts and limited to the actual cost incurred.

Williams London is a member of a government-approved property redress scheme and holds client money protection. Details are set out on our compliance page. A full schedule of fees and the terms of business is provided in writing at the point of instruction.