Our fees, in full.
Clear, published fees for landlords and only the payments the law allows for tenants. We are not VAT registered.
Landlord fees
Simple fees, published in full. Parker Phillips is not VAT registered, so no VAT is added to any of our fees.
| Service | What's included | Fee |
|---|---|---|
| Let only | Marketing, viewings, referencing, Right to Rent checks, tenancy set up and deposit registration | One month's rent |
| Rent collection | Let only service plus monthly rent collection, arrears chasing and statements | 15% of rent |
| Full management | Rent collection plus maintenance, inspections, compliance tracking and move out | 15% of rent |
| HMO management | Full management plus HMO licensing support, room lets and HMO safety duties | 15% of rent |
| Inventory | Professional inventory carried out by an independent third party company | At cost |
| Check out report | End of tenancy report against the inventory, carried out by an independent third party company | At cost |
| Additional services, only when needed | ||
| Rent increase notice | Preparing and serving the formal rent increase notice (Section 13) | £50 |
| Licence application | Preparing and submitting an HMO, additional or selective licence application. The council's own fee is payable on top. | £200 |
| Major works supervision | Specifying, tendering and overseeing refurbishments or major repairs | 10% of works cost, minimum £500 |
| Vacant property visit | Inspection of the property while it is empty between tenancies | £100 per visit |
| Possession notice | Preparing and serving a possession notice (Section 8). Court proceedings are handled by a solicitor of your choice. | £100 |
| Non Resident Landlord Scheme | Preparing and submitting each quarterly NRL return to HMRC | £50 per return |
| Ending management early | Our management continues while a tenant we introduced or manage remains in the property. If the agreement is ended during that time, this fee is payable. | One month's rent |
| Everything else | No set up fees, renewal fees, admin fees or hidden extras | £0 |
Contractor repair costs and council licence fees are paid from rent with your approval and passed on exactly at cost, with no mark up.
Tenant fees
Under the Tenant Fees Act 2019, we can only ask tenants for the payments below. We never charge for applications, referencing, inventories or tenancy agreements.
| Payment | Details | Amount |
|---|---|---|
| Holding deposit | Reserves the property while checks are completed. Normally credited towards your first payment. | Max. 1 week's rent |
| Tenancy deposit | Protected in a government approved scheme. Six weeks applies where the annual rent is £50,000 or more. | Max. 5 weeks' rent |
| Rent | Payable monthly as set out in your tenancy agreement. | As agreed |
| Changes to the tenancy | If you ask for a change, such as adding or removing a tenant. | £50 or reasonable costs if higher |
| Late payment of rent | Only where rent is more than 14 days overdue. | Interest at 3% above Bank of England base rate |
| Lost keys or security devices | The reasonably incurred cost of replacing them. | Cost incurred |
| Utilities, council tax, TV licence, communications | Where these are your responsibility under the tenancy. | As billed |
Client money protection and redress
Client Money Protection
Money we hold for landlords and tenants is kept in a separate client account and protected by Client Money Protect, membership number CMP003259. View our certificate.
Independent redress
We are members of Property Redress, a government approved redress scheme, membership number PRS014340. View our certificate. If you're unhappy with how we've handled a complaint, you can refer it to them free of charge. See our complaints procedure.