FEES

Fees are agreed in writing before work begins. D. Reese & Co. is not currently registered for VAT and VAT is not charged.

Property sales

0.75% of the completed sale price, subject to a minimum fee of £5,000 per property.

The fee is payable on completion and includes the market appraisal, sales strategy, standard photography and floorplan, property particulars, marketing, viewings, negotiation and sales progression.

Specialist photography, video, drone work, staging and other exceptional marketing costs will be agreed separately before they are incurred.

Property acquisitions

Full acquisition service: 0.25% of the completed purchase price, subject to a minimum total fee of £2,500.

An engagement fee of £500 is payable when the search begins and is credited against the completion fee.

Negotiation-only and other limited acquisition instructions are quoted and agreed separately in advance.

landlord fees

Let-only service: 6% of the first 12 months’ agreed rent, subject to a minimum fee of £900 per tenancy.

This includes the market appraisal, property particulars, marketing, viewings, offer negotiation, tenant qualification, referencing coordination, preparation of the tenancy documentation and move-in arrangements.

Portfolio terms may be agreed for landlords providing regular instructions.

Inventories, check-ins, check-outs, safety certificates, EPCs, cleaning, repairs and other third-party services are charged separately and agreed before they are arranged.

Portfolio and advisory work

1–5 properties: £250
6–10 properties: £500
11–20 properties: £1,000
21 or more properties: Price on application

Reviews are based on the portfolio information supplied by the client and include an overall assessment, identification of matters requiring closer attention and a follow-up discussion.

Portfolios containing more than 50 properties are quoted separately. Individual property inspections, formal valuations and specialist legal or tax work can be separately scoped and coordinated where required.

Permitted tenant payments

For tenancies in England falling within the Tenant Fees Act 2019, tenants may be required to pay:

  • Rent as set out in the tenancy agreement

  • A refundable tenancy deposit of up to five weeks’ rent where annual rent is below £50,000

  • A refundable tenancy deposit of up to six weeks’ rent where annual rent is between £50,000 and £100,000

  • A refundable holding deposit of up to one week’s rent

  • Up to £50 for a tenant-requested change to the tenancy, or reasonable evidenced costs where higher

  • A payment where the correct notice has not been given, limited to the rent that would have been payable during the correct notice period

  • The reasonable evidenced cost of replacing a lost key or security device

  • Interest on rent overdue by at least two weeks, at no more than 3% above the Bank of England base rate

  • Utilities, communication services, council tax and television licence costs where applicable and properly agreed

No other tenant fees are charged under tenancies governed by the Tenant Fees Act. Different terms may apply to arrangements outside the scope of the Act and will be disclosed before any commitment is made.

Memberships

Redress scheme: [Insert scheme name before publication]

Client money protection: [Insert scheme details, or confirm that the firm does not hold client money, before publication]