Islands & Highlands Lettings
  • Loch Long by Dornie in Lochalsh.

Landlord Costs

It is important that everyone is aware of the costs associated with letting a property. A list has been given below to give an idea of what is involved.

Initial Let:

  • Agency Set Up Fee (Advertising of property and arrangement of tenancy or advertising only, Our Services & Fees)
  • Health & Safety (including EPC, PAT, EICR, Legionnaire’s Risk Assessment, Gas Safety Certificate, Boiler Service Certificates, Smoke and Heat alarms, CO Detectors, Fire Extinguisher and Blanket, Chimney Sweep, Emptying Septic Tank)
  • Repairs, Replacement Furnishings & Decoration (to bring to minimum Repairing Standards as well as to make property competitive in the rental market)
  • Permission to Let from Mortgage Provider
  • Landlord’s Insurance
  • Buildings & Contents Insurance for a Tenanted Property
  • Landlord Registration Fee’s
  • Utility Bills and Mortgage Payments (until property is tenanted)

 

Subsequent Let:

  • Agency Re-Advertising Fee (Our Services & Fees)
  • Renewal of Health & Safety Services and Certificates as required
  • Repairs, Replacement Furnishings & Decoration (to bring to minimum Repairing Standards as well as to make property competitive in the rental market)
  • Utility Bills and Mortgage Payments (until property is tenanted)

 

Recurring Costs:

  • Agency Management Fee (Our Services & Fees)
  • Renewal of Health & Safety Services and Certificates (annually or as required)
  • Renewal of Landlord Registration (every 3 years)
  • Renewal of Insurances (annual)
  • Maintenance, Repairs, Redecoration and Replacement Furnishings (ongoing)
  • Tax Implications on Income
  • Accountancy Fee’s (annual)

 

To cover for legal fees, emergency repairs, larger items that need replacing or the cost of a void period between lets, it can be prudent for a landlord to keep a contingency fund to aid with any unforeseen costs.

Islands & Highlands Lettings do not receive either financial gains nor incentives through appointing third party contractors.

Please note: this list is not exhaustive, there may be other costs in addition to those listed above.