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Fees

Transparency on what landlords and tenants can expect when letting with Marsh & Parsons
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Made in Chelsea, in 1856 With over 160 years’ experience matching people and property throughout London, we’re not only one of London’s longest established agents, but also one of the most prevalent.
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Fees for Landlords

Once we’ve found the perfect tenant for your property, we’ll start preparing the tenancy agreement right away. The tenancy charges may vary, depending on the agreement we have with you, so it’s best to ask your local Marsh & Parsons office for a full breakdown of costs.

That said, we don’t want you to have any unwelcome surprises when it comes to signing the contract, so here’s a list of what you can typically expect to pay:

Lettings Service

Comprehensive Management & Lettings Service

Long Let (6 months or more): 16%+VAT (19.2% inc. VAT)
Short Let (less than 6 months): 24%+VAT (28.8% inc. VAT)

Lettings Service Only (including rent collection)

Long Let (6 months or more): 10%+VAT (12% inc. VAT)

Tenancy Renewals

Comprehensive Management & Renewals Service

Long Let (6 months or more): 15%+VAT (18% inc. VAT)
Short Let (less than 6 months): 24%+VAT (28.8% inc. VAT)

Lettings Renewals & Extensions Service

Long Let (6 months or more): 9%+VAT (10.8% inc. VAT)

Pre-Tenancy

  • Tenancy Agreement / Admin Fee: £270
  • Inventory: £144 to £258
  • Deposit registration: £36
  • Gas Safety Certificate (if required)
    • Managed property: £78
    • Non-managed property: £126
  • Legionella Legal Requirements  (if required): £102
  • Smoke and Carbon Monoxide Alarm Checks and Fixture
    • One alarm:  £90
    • Units thereafter: £24
  • Portable Appliance Test (if required)
    • Managed property: £66
    • Non-managed property: £114
  • Electrical Safety (EICR Test) (if required)
    • Managed property: £246
    • Non-managed property: £294
  • EPC (if required): £90

All fees stated are inclusive of VAT (calculated at 20%)

During the tenancy (if required)

  • Overseas Landlords not holding HMRC Exemption Certificates: £84 per quarter
  • Income & Expenditure reports and statements
    • Managed property: Free of charge
    • Non-managed property: £120

All fees stated are inclusive of VAT (calculated at 20%)

Post-tenancy 

  • Check-out report: £144

All fees stated are inclusive of VAT (calculated at 20%)

Fees for tenants

The tenancy charges may vary, depending on the agreement we have with the landlord, so it’s best to ask your local Marsh & Parsons office for a full breakdown of costs. However, here’s a list of what you can typically expect to pay:

Pre-Tenancy

  • Tenancy Agreement / Admin Fee: £270
  • Referencing Fee: £30 per reference (including references for any proposed Guarantor)
  • Check-in fee: £144
  • Deposit: Typically six weeks’ rent
  • Pet Deposit: Returnable additional security deposit, equivalent to two weeks’ rent

All fees stated are inclusive of VAT (calculated at 20%)

During your tenancy (if required)

  • Renewal Document Fee: £72
  • Change of Occupancy Fee: £120
  • Future Landlord Reference Fee: £36

All fees stated are inclusive of VAT (calculated at 20%)

For more information regarding the lettings process, please visit the Lettings Advice for Tenants page.

Client Money Protection (CMP) is provided by ARLA.

Fees explained

Tenancy Agreement/Admin Fee – Provision of an expertly written tenancy agreement, brokering agreed amendments between landlord and tenant, and arrangement for completion and signature of the agreement by both parties, and registering your deposit with the Tenancy Deposit Scheme. Your deposit is typically six weeks rent.

Referencing Fee – The cost of referencing includes checking your credit status, previous employer, current or past landlords, and taking into account any other information to help assess the affordability of your tenancy application.

Check-in Fee – The cost of arranging for a clerk to meet you and agree on the current inventory of the property at the start of your tenancy. The cost of the check-out at the end of the tenancy is met by the landlord.

Pet Deposit (Returnable) – To cover the added risk of property damage. This will be protected with your security deposit and may be returned at the end of the tenancy.

Renewal Document Fee – Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.

Change of Occupancy – Contract negotiation, amending and updating terms and arranging a further tenancy and agreement.

Future Landlord Reference Fee – Collating information and preparing a reference for a future landlord or letting agent.

Why let with us?

  • Unbeatable local know-how
  • Award-winning customer service
  • The best possible price, in the shortest time 
  • Exposure to 1,000s of high-calibre and corporate tenants
  • Viewings and appointments that fit around your schedule
  • Totally switched on marketing and a brand Londoners love

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