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Landlord Fees & Guranteed Rent Explained

Learn about our fees below, or for a more detailed explanation call 01772 929 986 or book a valuation below, our Preston based team are ready to help you let your Lancashire property in record time.

Landlord Fees

All our fees are deducted from the rent once received WE DO NOT CHARGE ANY UPFRONT OR RENEWAL FEES. Set up fees are deducted from the rent for all new tenants moving in to a property this is to cover costs such as tenant referencing fees and the cost of an independant inventory carried out on the property for all new tenancies.

Let Only / Tenant Find

One off fee: £250 + vat (£300 including vat)

Rent collection only

Monthly Fee: 4% + vat of the monthly rent (4.8% including vat)

Full Management Service

Set up Fee: £110 + vat (£132 including vat) (deducted from the first months rent)

Monthly Fee: 9% + vat of the monthly rent (10.8% including vat)

Guaranteed Rent Service

Set up Fee: £110 + vat (£132 including vat) (deducted from the first months rent)

Monthly Fee: 12% + vat of the monthly rent (14.4% including vat)

Lancashire Lettings are an accredited member of the UK Association of Letting Agents (UKALA), members of a redress scheme named The Property Redress Scheme (PRS) and hold Total Loss Client Money Protection Insurance.


Guaranteed Rent FAQs

What does the guarantee cover?

The Guarantee covers that the rent will be paid on the due date for as long as the tenant occupies the property. In the event of serious arrears we cover the court costs and the eviction process that may be incurred if the tenant is to be evicted from the property the rent is still paid to you until vacant possession of the property.

How long is the guarantee for?

The guarantee will last for the duration the tenant occupies the property.

When will my rent be paid?

The rental payment will be paid on the due date monthly in advance once the tenancy starts the rental payments are paid within normal working hours on the date the rent is due or the next working day if the payment falls on a weekend / bank holiday.

Most others offer a Rent on Time scheme, but will only pay you a proportion of your market rent which is normally 25% less than the current market rent . Lancashire Lettings pay you the FULL market rent. Most other schemes will charge you for this service in addition to the regular management fees.

How does this compare to similar schemes?

Most other schemes offer a Rent Guarantee, but will not pay your Rent on Time whilst a claim is being made which can take months to complete.

How is this possible?

Over 25 year’s property experience and comprehensive referencing means we do not make mistakes. Our financial strength means we set aside significant reserves to ensure landlords are paid on time. We take out appropriate insurance to manage our risk

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