Services & Fees
Our monthly management fee is 11%, (minimum fee of £ 40.00 per month) of the rental income deducted from rents received where possible.
Fees relating to each let to new tenant(s) will be 50% of the monthly rental income, deducted at source for each new tenant. A discount for Landlords
with more than 1 property is available.
Non Managed Service (Let Only)
Fee for each let to new tenant(s) on this service will be one month’s rent. A discount for Landlords with more than 1 property is available.
Rent Collection Service
Our monthly rent collection fee is 6%, (minimum fee of £ 35.00 per month) of the rental income deducted from rents received where possible.
Fees relating to finding new tenant(s) on this service will be 75% of the monthly rental income, deducted at source for each new let. A discount
for Landlords with more than 1 property is available.
Our cost for inventories range from £ 50.00 - £ 100.00 depending on the size of the property and if unfurnished or furnished.
The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore
you may be required to make one or more of the following permitted payments.
A refundable holding deposit of up to 1 week’s rent.
A refundable tenancy deposit of up to 5 week’s rent.
A paymanet to alter the tenancy agreement, when requested by the tenant of up to £50 inc. VAT or reasonable costs incurred if higher.
Payments assocaited with early termination of the tenancy when requested by the tenant can vary.
Interest, at a rate of upto 3% above the Bank of England’s base rate, for late payment of rent (which is more than 14 days overdue).
A default fee for the replacement of a lost key or security device.
Payments to service providers in respect of utilities, communication services, TV licence and Council Tax.
Other payments, permitted under appropriate legislation, including damages.
Compass are members of the Property Redress Scheme and the Property Mark client money protection scheme.