Fees

Tenant Fees

Any prospective tenant who rents a property through Abacus Estates will incur the following fees:

  • Administration Fee - £180 inc VAT
  • Administration Fee Company Let - £180 inc VAT
  • Referencing Fee - £42 inc VAT per person
  • Additional Referencing for Guarantors - Free
  • Tenancy Deposit Handling Fee - £48 inc VAT
  • Deposit - this will be equivalent to six weeks' agreed rental
  • Deposit where tenants have a pet - this could vary and will be equivalent to between six to ten weeks' of the agreed rental.

If the landlord requires an independent inventory the following fee will be payable at either commencement or termination of the tenancy:

Unfurnished properties:

  • Studio property - £112 + VAT
  • 1 bedroom property - £134.40 inc VAT
  • 2 bedroom property - £164.40 inc VAT
  • 3 bedroom property - £176.40 inc VAT
  • 4 bedroom property - £188.40 inc VAT
  • 5 bedroom property - £200.40 inc VAT
  • Larger properties - please call to enquire

Furnished properties:

  • Studio property - £152.40 inc VAT
  • 1 bedroom property - £164.40 inc VAT
  • 2 bedroom property - £176.40 inc VAT
  • 3 bedroom property - £188.40 inc VAT
  • 4 bedroom property - £200.40 inc VAT
  • 5 bedroom property - £212.40 inc VAT
  • Larger properties - please call to enquire

Early termination of the tenancy: there maybe a fee payable should the tenant terminate the tenancy prior to the original agreed termination date. This includes applying the agreed break clause.

  • This is a fee guideline and may vary depending on the tenancy.
  • Some landlords use their own contracts/referencing processes/inventories and charge for these. Should this be the case then the above may vary as the amount payable would be subject to that specific landlord's fees and charges.

Landlord Fees

Charges for Landlords

  • Term Abacus Collect (per term)
  • Year 1 - 10.8% inc VAT
  • Year 2 - 8.4% inc VAT
  • Year 3 onwards - 6% inc VAT

Deposit registration admin cost £48 inc VAT

Services

  • Accompanied viewings
  • Pre-tenancy inspections
  • For let / let board (if agreed)
  • Tenancy renewals
  • Deposit registration
  • Arranging inventory check-out
  • Arranging professional cleaning
  • Digital and print advertising
  • Referencing and compliance
  • Deposit collection (if we are holding)
  • Advice on rental market, refurbishments
  • Key holders
  • Utilities transfer
  • Collect and remit rent
  • Agree collection of any shortfall and payment method
  • Provide tenant with method of payment
  • Deduct any pre-tenancy invoices
  • Make any HMRC deductions and provide tenant with the NRL8 (if required)
  • Pursue payment of non-rent and arrears

Abacus Managed Collect

Management is charged at an additional 6% inc VAT per term and includes the following services:

  • Refurbishment management
  • Additional visits (flat prep etc)
  • Mid-term and full annual inspections
  • 24/7 contact with management division
  • Arrange repairs (providing at least 2 quotes from different companies)
  • Services NOT charged for but provided by Abacus
  • Abacus will not charge you an additional fee for organising, administering or providing any of the following services.
  • Any costs are direct charges from the suppliers themselves:
  • Compliance
  • Tenancy renewals
  • Check outs
  • Key cutting
  • Courier service (delivering keys)

Payment

Abacus accept the following methods of payment:

  • Debit card (0.75% + £0.20 surcharge)
  • BACS (no charge)
  • CHAPS (£30 inc VAT per transaction)
  • Credit card (3% + £0.20 surcharge)
  • Cash (2% surcharge)
  • Late payments will be charged at 3% above the Bank of England base rate


Services

Property Valuations
We offer a free, no obligation valuation service. We prepare and research thoroughly before we visit your property - always by appointment. We know the correct valuation for your property because we are local experts and, in any case, the more valuations we do, the better our guide will be. Please contact us to see how we can help you.
Quality Marketing
Marketing your property starts with appealing visual imagery. Our main goal is to add a personal touch to our property photos. We have our own in-house photographer who does all our photoshoots and allows us to truly represent our vision. We make sure you get the highest possible quality so that your property stands out from the crowd.
Property Management
Let us take the strain and anxiety out of managing your property with our hands-on approach. Our landlords can be assured that we will act on their behalf and with their best interests at heart. To ensure a fast, efficient and informative service for our landlords, we have installed the latest computer technology so that clients' payments can be made by electronic transfer, followed up with a detailed statement of accounts.
Legal and financial advice
Moving house can be one of the most stressful times of your life. However we know that by using our friendly, recommended law firm, Curry Popeck, that your conveyancing work will be dealt with speedily and efficiently. Stonehouse Financial is our recommended partner for mortgages & Enra Group for second charges, investment funding or bridging.
Find out more
Relocation Assistance
We are proud to be affiliated with Aussie Man & Van removals who are a market leading relocation firm covering the whole of the UK. They provide reliable relocation services and are fully insured by the BAR to give you the utmost peace of mind while your belongings are being moved.
Find out more
Maintenance
Our maintenance partner is APS Maintenance Ltd (APS) who have many years’ experience in residential property maintenance and building. With fully certified employees on call 24 hours a day, they provide an unparalleled service and speedy response to all maintenance issues.
Find out more