Letting Costs for Landlords
Henwick Properties offers two levels of letting costs for landlords: a fully managed service and a tenant find service. Both options include transparent, fixed fees with no hidden charges. This page sets out what each service costs, what is included, and how the fees apply to landlords based in the UK and abroad.
Letting Costs at a Glance
The table below summarises the main letting costs for landlords using Henwick Properties. Full details for each service are set out in the sections below.
| Service | Fee | Applies To |
|---|---|---|
| Full management (UK landlords) | 10% plus VAT of rent received | Monthly, throughout tenancy |
| Full management (overseas landlords) | 12.5% plus VAT of rent received | Monthly, throughout tenancy |
| Tenancy set-up fee | £150.00, including VAT | Each changeover of tenancy |
| Tenant find only | £720.00, including VAT | One-off, at tenancy start |
There are no additional fees beyond those listed above for landlords using either service.
Full Management Service
The fully managed letting service is designed for landlords who want a professional team to handle the day-to-day running of their rental property. This is particularly well suited to landlords who live away from the property, work full-time, or prefer not to deal directly with maintenance, tenants or compliance matters.
Management Fee
The management commission for UK-based landlords is 10% plus VAT of the rent received each month. For landlords living outside the UK, the fee is 12.5% plus VAT.
This monthly fee covers the ongoing running of the tenancy, including rent collection, monthly statements, routine inspections, maintenance coordination and access to a 24-hour, seven-day emergency repair service.
What the Management Fee Includes
- Rent collection in advance of each rental period
- Monthly statement of account with net payment to the landlord
- Routine property inspections covering apparent and obvious defects
- Maintenance coordination and repairs, carried out with the landlord’s prior approval
- 24-hour, seven-day emergency repair service
- Service of statutory notices when instructed
- Vacant property inspections and end-of-tenancy inventory check
Tenancy Set-Up Fee
A fee of £150.00, including VAT, applies to each changeover of tenancy. This covers the cost of credit checks, right-to-rent checks, preparation of the tenancy agreement, the property inventory, and check-in and check-out. This fee applies to fully managed properties only and does not apply to the initial set-up of a tenancy for first-time clients.
Tenant Find Service
The tenant-find service is for landlords who are confident managing their own property once a tenant is in place and want Henwick Properties to handle the marketing and introduction stages only.
The tenant finder’s fee is £720.00, including VAT. This is a one-off charge and covers all marketing, advertising, viewings, tenant referencing, credit checks, right-to-rent checks, the property inventory, preparation of the tenancy agreement, registration with the tenancy deposit scheme, and tenant check-in.
Once the tenancy begins, responsibility for rent collection, maintenance and day-to-day communication passes to the landlord. This arrangement does not include the monthly management service or the emergency repair line.
Tenant Find vs Fully Managed Letting
The table below shows which elements are included in each service, to help landlords choose the right option.
| Service Element | Tenant Find | Fully Managed |
|---|---|---|
| Marketing on Rightmove, Zoopla and OnTheMarket | Yes | Yes |
| Credit checks and tenant referencing | Yes | Yes |
| Tenancy agreement and inventory | Yes | Yes |
| Tenancy deposit registration | Yes | Yes |
| Tenant check-in | Yes | Yes |
| Monthly rent collection | No | Yes |
| Monthly statement of account | No | Yes |
| Routine property inspections | No | Yes |
| Maintenance coordination | No | Yes |
| 24-hour emergency repair service | No | Yes |
| Service of statutory notices | No | Yes |
Example Letting Cost Scenarios
The following examples show how the letting costs for landlords work in practice, based on common rental values in the Thatcham and Newbury area.
| Monthly Rent | Monthly Management Fee (10% + VAT) | Tenancy Set-Up Fee (one-off) |
|---|---|---|
| £900 pcm | £108.00 per month | £150.00 (inc. VAT) |
| £1,100 pcm | £132.00 per month | £150.00 (inc. VAT) |
| £1,400 pcm | £168.00 per month | £150.00 (inc. VAT) |
| £1,700 pcm | £204.00 per month | £150.00 (inc. VAT) |
| £2,000 pcm | £240.00 per month | £150.00 (inc. VAT) |
Figures shown are based on the standard 10% plus VAT rate for UK-based landlords. Overseas landlord rates are calculated at 12.5% plus VAT. For a personalised cost estimate based on your property and location, contact the Henwick Properties landlord team.
More Information for Landlords
Letting costs are just one part of the picture. The links below cover the other areas landlords typically want to understand before letting a property through Henwick Properties.
- Landlord services overview
- Letting services and what is included
- How to let a property
- Important information for landlords
- Tenancy deposit scheme
- Complaints procedure
- Free rental appraisal enquiry
For clear letting costs for landlords in Thatcham, Newbury and the wider West Berkshire area, Henwick Properties offers fixed fees, no hidden charges and a personal service that has been running since 1990. To arrange a free rental appraisal or ask about landlord fees, contact the team today.
Frequently Asked Questions About Letting Costs for Landlords
Letting agent fees in West Berkshire vary depending on the service level. Henwick Properties charges 10% plus VAT of the monthly rent for a fully managed service, with a one-off tenancy set-up fee of £150.00, including VAT. A tenant finder-only service is available for a fixed fee of £720.00, including VAT. There are no additional charges beyond these for either service.
The 10% plus VAT monthly management fee covers rent collection, monthly statements, routine property inspections, maintenance coordination, a 24-hour seven-day emergency repair service, and the service of statutory notices when instructed. It does not include the one-off tenancy set-up fee of £150.00, which applies separately to each changeover of tenancy.
The £150.00 tenancy set-up fee, which includes VAT, covers credit checks, right-to-rent checks, preparation of the tenancy agreement, the property inventory, and check-in and check-out. This fee applies to fully managed properties at each changeover of tenancy. It does not apply to the initial set-up of a tenancy for first-time clients.
A tenant-finding service involves a one-off fee of £720.00, including VAT, covering marketing, referencing, the tenancy agreement, deposit registration and check-in. After the tenancy starts, the landlord manages the property themselves. A fully managed service involves a monthly fee of 10% plus VAT and a one-off set-up fee of £150.00 per changeover of tenancy. The managed option includes rent collection, inspections, maintenance coordination and emergency repairs throughout the tenancy.
Henwick Properties does not charge any fees beyond those listed on this page. There are no renewal fees, inspection charges or exit fees. If you use the fully managed service, the only costs are the monthly management commission and the one-off tenancy set-up fee at each changeover of tenancy.
Landlords who are resident outside the UK are charged 12.5% plus VAT of the monthly rent for the fully managed service, compared to 10% plus VAT for UK-based landlords. The tenancy set-up fee of £150.00 and the tenant-find fee of £720.00 remain the same regardless of where the landlord is based.
Henwick Properties offers a free rental appraisal for landlords in Thatcham, Newbury and the wider West Berkshire area. The team will visit the property, assess its condition, consider local demand and discuss likely rental value before you decide whether to proceed.
