Should you wish to proceed with an application to rent a property through us, A holding deposit of up to one weeks rent is payable for each person to take the property off the market.

A Tenancy Deposit of 5 weeks rent is payable in cleared funds prior to the Tenancy start date.

An initial Rental amount (usually the 1st month) is payable in cleared funds prior to the Tenancy start date.

Sherwoods offer 3 different services to the landlord:

Full Management Fees - Our full management fees are 12% plus VAT, this is calculated as follows: the monthly rent is multiplied by 12 months, this gives you your yearly rent, and this is then charged at 12% plus VAT (please note VAT is chargeable at 20%). If you decide to renew your agreement your fee will be reduced by 1% plus VAT from our initial fee.

Introduction only & rent collection service - Our Introduction with rent collection fees are 10% plus VAT, this is calculated as follows: the monthly rent is multiplied by 12 months, this gives you your yearly rent, and this is then charged at 8% plus VAT (Please note VAT is chargeable at 20%). If you decide to renew your agreement your fee will be reduced by 1% plus VAT from our initial fee.

Introduction only - Our Introduction fees are 8% plus VAT, this is calculated as follows: the monthly rent is multiplied by 12 months, this gives you your yearly rent, and this is then charged at 8% plus VAT (Please note VAT is chargeable at 20%). If you decide to renew your agreement your fee will be reduced by 1% plus VAT from our initial fee.

Please note Sherwoods Independent Estate Agents Ltd do charge extra fees to the Landlord for the following, depending on what service is provided, these are specified below:

  • Agreement Administration fee £180.00 including vat (£150.00 excluding vat) Fee for the registration and payment of the deposit including £60.00 including vat (£50.00 excluding vat)
  • Arrangement of Energy Performance Certificate £85.00 including vat (£70.83 excluding vat)
  • Any changes made to Sherwoods Independent Estate Agents Ltd tenancy agreement £25.00 including vat (£20.83 excluding vat)
  • Fee to provide a copy of your tenancy agreement from archive filing £50.00 including vat (£41.67 excluding vat)
  • Arrangement of a Landlords Gas Safe Certificate contractors invoice plus £20.00 including vat (£16.67 excluding vat)
  • Fee for setting up Rent Guarantee and Legal Protection insurance £20.00 including vat (£16.67 excluding vat)
  • Tenancy deposit dispute resolution, arranging for the submission of and responding to a tenancy deposit dispute with the DPS £75.00 including vat (£62.50 excluding vat)
  • Arranging and signing of a tenancy deposit statutory declaration for the DPS £75.00 including vat (£62.50 excluding vat)
  • Additional visits or spot checks made to the property on request of the landlord £40.00 including vat (£33.33 excluding vat)
  • Shopping fee for purchases on behalf of the landlord £40.00 including vat (£33.33 excluding vat)
  • Project management on behalf of the landlord for any major works exceeding £500.00 plus vat (£600.00 including vat) 12% of the contractor s invoice including vat Key cutting will be charged at the contractor s invoice plus £20.00 including vat (£16.67 excluding vat)
  • Fee for arranging the check in, check out and inventory £30.00 including vat (£25.00 excluding vat)
  • Prehistoric accounts recovery £70.00 including vat (£58.33 excluding vat) If a carbon monoxide detector is not present fee of £30.00 including vat (£25.00 excluding vat) will be charged plus the contractor s invoice.
  • If a smoke alarm is not present fee of £30.00 including vat (£25.00 excluding vat) will be charged plus the contractor s invoice.
  • Sale of a property to a tenant 2% excluding vat of the sale price.
  • Sherwoods Independent Estate Agents Ltd are members of The Property Ombudsman and are members of Money Shield, client money protection scheme.
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