A frequent question from landlords is “How much will it cost to rent out my property?”
How much will it cost to rent out my property?
This varies from estate agencies and therefore it is best to check with your estate agency. The costs involved in letting your property consist of:
Energy Performance Certificate
An EPC, which you will need to make available to interested tenants no later than 28 days from marketing. Check if your estate agent can arrange for an EPC to be carried out on your behalf. Greater London Properties can arrange an EPC for you.
Inventory and check in report
This should be organised before a tenant moves in. Ask your estate agent if they can arrange this on your behalf or provide an estimate. Greater London Properties have fixed costs on inventory and check in report. Call us on 020 7113 1066 to find out more.
Estate Agent commission
Your estate agent’s commission fees is usually payable when a tenant is introduced and enters into an agreement to let the property. This is charged as a percentage of the agreed rental price + VAT at the prevailing rate.
We hope this answers your question “How much will it cost to rent out my property?”. Our Lettings team would be delighted to offer a Free Valuation on your property, please give us a call today or use our online instant valuation tool.
If you are looking to rent a property in Central London, please visit Greater London Properties, Central London’s largest independent estate agent or call us on 0207 113 1066.