Quick answer
Full property management fees in the UK are usually a percentage of monthly rent (often 14.4%–20.4% inc VAT), plus possible extras for renewals, checkout, Section 13 notices, and contractor mark-ups. Independent agents often charge less than national chains — get three written quotes before you instruct.
Steps
- 1
Typical percentage ranges
Independent/local agents often quote around 14.4% inc VAT for full management. National chains commonly sit at 19–20.4% inc VAT. On £1,370 pcm that’s ~£2,370/year vs ~£3,600 at 20% on £1,500 pcm — illustrative only.
- 2
Common extras to watch
Tenancy renewal fees, checkout/inventory charges, Section 13 notice fees, compliance admin, and maintenance mark-ups (often 10–20% on contractor invoices). Ask for every line item in writing.
- 3
Compare like for like
Same service tier (fully managed), same property type, same rent band. A cheaper headline % with expensive extras can cost more than a transparent local quote.
- 4
Negotiate before you sign
Multi-property landlords often get better rates. Negotiate renewals, mark-ups, and exit terms — not just the headline percentage. Kerrigans in Doncaster publishes clear packages.
People also ask
How much is full property management per month?
On £1,500 pcm at 18% inc VAT, that’s about £270/month or £3,240/year — before extras. Your rent and agent’s rate will differ; always use their written quote.
What is a Section 13 fee?
A fee some agents charge to serve a rent increase notice under Section 13 of the Housing Act 1988. Ask if it’s included in full management or billed separately.
Are management fees tax deductible?
Letting agent fees are usually allowable expenses against rental income for tax purposes — confirm with your accountant for your situation.
Can I negotiate letting agent fees?
Often yes — especially on renewals, mark-ups, and multi-property portfolios. Compare 2–3 quotes and use the best terms as leverage.