The fees applicable to letting your property through Domus Nova depend on the level of involvement you wish us to have in the ongoing management of your property and tenants. Below is an overview of the professional fees you may need to pay for each of the applicable services.
Letting service and rental processing
Our service covers the marketing of your property, viewings, introduction of a suitable tenant, facilitating the tenancy application, guidance throughout the process (including legislation), completion of the tenancy agreement and the collection and payment of rent.
| Type | Cost |
|---|---|
| Long let tenancy (For tenancies of six months or more) | 11% + VAT (13.2% inc VAT) of the total rent due for duration of tenancy paid annually in advance or payable in line with the total rental premium, whichever is greater |
| Short let tenancy (For tenancies less than six months) | 26% + VAT (31.2% inc VAT) of the total rent due for duration of tenancy |
| Tenancy start-up fee Contract negotiation, amending, agreeing tenancy terms and arranging the tenancy and tenancy agreement | £275 + VAT (£330 inc VAT) |
| Deposit registration fee Registration of deposit funds collected from tenant with the Deposit Protection Scheme | £35 + VAT (£42 inc VAT) annually per tenancy |
| Renewal of long let and short let agreements Contract negotiation, amending, agreeing tenancy terms and arranging the renewal tenancy agreement/memorandum of renewal or tenancy extension document | £150 + VAT (£180 inc VAT) |
| Cancellation of tenancy Should you decide not to proceed with the tenancy after accepting an offer | £275 + VAT (£330 inc VAT) |
| Pre-tenancy works | Domus Nova can organise all required and optional pre-tenancy works on your behalf including land registry checks, inventory check in, professional clean and health and safety certifications. Please refer to list of our services for non-managed properties for the cost of these. £275 + VAT (£330 inc VAT) |
Letting service, rental processing and property management
This service covers the marketing of your property, viewings, introduction of a suitable tenant, facilitating the tenancy application, guidance throughout the process (including legislation), completion of the tenancy agreement, the management of the property thereafter and the collection and payment of rent. Once the tenancy is agreed, a dedicated Property Manager will act on your behalf to proactively and efficiently manage all aspects of your property and the tenancy. For a full overview of what our Property Management service entails and any further costs you may incur please refer to the list of services for managed properties.
| Type | Cost |
|---|---|
| Long let tenancy inclusive of management (For tenancies of six months or more) | 17% + VAT (20.4% inc VAT) of the total rent due for duration of tenancy paid annually in advance |
| Short let tenancy inclusive of management (For tenancies less than six months) | 26% + VAT (31.2% inc VAT) of the total rent due for duration of tenancy |
| Tenancy agreement fee Contract negotiation, amending, agreeing tenancy terms and arranging the tenancy and tenancy agreement | £275 + VAT (£330 inc VAT) |
| Deposit registration fee Registration of deposit funds collected from tenant with the Deposit Protection Scheme | £35 + VAT (£42 inc VAT) annually per tenancy |
| Renewal of long let and short let tenancy fee Contract negotiation, amending, agreeing tenancy terms and arranging the renewal tenancy agreement/memorandum of renewal | £150 + VAT (£180 inc VAT) |
| Additional property management inspections | £100 + VAT (£120 inc VAT) |
| Cancellation of tenancy Should you decide not to proceed with the tenancy after accepting an offer | £275 + VAT (£330 inc VAT) |
| Operating float A sum of money held on account by Domus Nova to cover the cost of urgent remedial works to your property | Not less than £500 + VAT (£600 inc VAT), subject to the length of tenancy, amount of rent payments and the discretion of the property manager and in agreement with the client. |
| Pre-tenancy works | Domus Nova can organise all required and optional pre-tenancy works on your behalf including land registry checks, inventory check in, professional clean and health and safety certifications. Please refer to list of our services for managed properties for the cost of these. |
Property management only
Even though your property might have been let through a different lettings agency, we still offer property management as a standalone service. As part of our service a dedicated property manager will act on your behalf to proactively and efficiently manage all aspects of your property and the tenancy. For a full overview of what our Property Management service entails and any further costs you may incur please refer to the list of services for managed properties.
| Type | Cost |
|---|---|
| Management fee | 6% + VAT (7.2% inc VAT) of the total rent due for duration of tenancy paid annually in advance |
| Operating float A sum of money held on account by Domus Nova to cover the cost of urgent remedial works to your property | Not less than £500 + VAT (£600 inc VAT), subject to the length of tenancy, amount of rent payments and the discretion of the property manager and to agreement with the client. Any remaining amount is refunded to the landlord on written request at the end of the tenancy. |
| Pre-tenancy works | Domus Nova can organise all required and optional pre-tenancy works on your behalf including land registry checks, inventory check in, professional clean and health and safety certifications. Please refer to list of our services for managed properties for the cost of these. |
Tenancy services for non-managed properties
If your property is not managed by Domus Nova and you need assistance with maintenance issues, our Property Management team is on hand to help. Please refer to the list of services for non-managed properties for an overview of what we can help with and the applicable costs.
Vacant management
If you need management of your property in between tenancies, Domus Nova can manage it while un-tenanted. Your dedicated property manager will ensure the property is maintained throughout this period by carrying out bi-weekly property inspections, checking for obvious signs of damage and disrepair (leaks, damp patches, broken items). They will also collect post and other specific items from the property on your behalf as well as facilitate the payment of any bills/service charges provided funds are available on your account with Domus Nova. Any maintenance required and costs incurred are in addition to our management fee.
| Type | Cost |
|---|---|
| Vacant management fee | £100 + VAT (£120 inc VAT) per week until tenanted, paid monthly in advance |
Home management
Domus Nova also manages properties for live-in homeowners or those who use their homes as a pied-à-terre (occasional use). Depending on your requirements, we can actively manage your home and ensure it is prepared for your use as and when you need it. The services provided within ‘vacant management’ are included in Home Management as well as the addition of a more ‘bespoke’ approach. This can range from moving an owner’s car from one location to another, right up to supervising and facilitating planning consent and building regulations approval on large projects. It is dependent on the individual needs of the client at any one time. Again, any maintenance required and costs incurred are in addition to our management fee.
| Type | Cost |
|---|---|
| Home management fee | £500 + VAT (£600 inc VAT) per month, paid quarterly in advance |
| Tenant/Applicant References Carried out by an independent referencing agency | £50 + VAT (£60 + VAT) per tenant/applicant or Guarantor |
About Domus Nova & Domus Stay
Domus Nova and Domus Stay are members of The Property Ombudsman.
Client Money Protection: CMP Membership Number CMP012400
Tenancy Deposit Protection Scheme: Deposit Protection Service
Independent redress provided by: The Property Ombudsman