Landlord
Fees
Transparent, professional, and bespoke management solutions.
At Akai Homes, we offer a flexible lettings service designed to suit a range of landlord requirements — from tenant-find to fully managed and short-term lettings. Our approach is transparent, considered, and tailored to each property.
All fees are exclusive of VAT unless stated otherwise.
If you'd like a tailored quote or advice on the most suitable service, our team is happy to help.
Core Lettings Services
Letting & Rent Receipt Service
(Initial Let – 6 Months or More)
11% of the rent due + VAT (13.2% inc. VAT)
Payable in full upon commencement of the tenancy, covering the agreed term (up to 12 months). Thereafter, fees are payable annually in advance.
Includes:
- Marketing the property on relevant portals
- Accompanied viewings
- Finding and securing a suitable tenant
- Referencing and background checks
- Right to Rent checks
- Providing tenants with payment details
- Deducting pre-tenancy invoices
- Making HMRC deductions and issuing NRL8 forms (where applicable)
Minimum fee: £600
Short-Term / Flexible Let
(Initial Let – Less Than 6 Months, Inclusive of Management)
26% of the rent due + VAT (31.2% inc. VAT)
Applicable to tenancies of less than six months, including short-term or corporate lets. Payable in full at the start of the tenancy.
Minimum commission: £5,000
Renewals & Extensions
10% of the rent due + VAT (12% inc. VAT)
Payable in full upon renewal or extension of the tenancy, including:
- renewals and extensions,
- holdover tenancies,
- changes of sharer.
Payment is due in advance, covering up to one year, and annually thereafter if applicable.
Management Services
Management Fee
6% of the rent due + VAT (7.2% inc. VAT)
Payable for the entire period during which Akai Homes provides a management service. This fee is in addition to the Letting & Rent Receipt Fee and is payable at the same times.
Management services include:
- Ensuring compliance with statutory obligations
- Collecting and remitting rent
- Chasing arrears and advising on non-payment
- Deducting commission and works costs
- Liaising with utility providers
- Two property visits per annum
- Arranging routine repairs via approved contractors
- Holding keys throughout the tenancy
- Managing deposit dilapidation negotiations
Vacant Property Management
£200 per month (inc. VAT)
Payable while the property is vacant and Akai Homes is managing the property.
Additional Fees & Services
Insurance Claims (Over £1,000)
10% + VAT (12% inc. VAT)
Charged only where we oversee a claim and notify you in advance.
Arranging Repairs & Works
12.5% + VAT (15% inc. VAT)
Applies where we oversee significant repairs or improvements.
Contractor Referral Fees
Payable by contractors only (not landlords), where agreed.
Up to 12.5% + VAT
Contractor / Utility Access
£30 attendance + £30/hr
(inc. VAT)
Hourly Rate
£60 per hour (inc. VAT)
Applies where services fall outside agreed packages.
Referencing & Compliance
Tenant / Guarantor / Company References
First two references
£50 per reference
Each reference thereafter
£25 per reference
Safety Checks (Non-Managed Properties)
Contractor costs charged separately
£60 per check (inc. VAT)
Inventory Services
Arranged through independent inventory clerks. Costs confirmed in advance.
Varies by size
Tenancy Administration
Deposit Protection
Where applicable, Akai Homes will register tenant deposits with a government-approved Deposit Protection Service, in line with current legislation.
Client Money Protection & Redress
Akai Homes is:
- a member of The Property Ombudsman, and
- protected by Client Money Protection through Money Shield.