For Landlords

Landlord Terms Of Businesslettings and management, in full

Our two service levels, what each one includes, what it does not, every fee we charge, and the terms that govern our relationship with you.

Version 2026In effect from 1 May 2026Updated for the Renters’ Rights Act 2025

On This Page

  1. Letting your property
  2. During the tenancy
  3. Full Management
  4. Statutory compliance
  5. What is not included
  6. Ending the service
  7. Miscellaneous fees
  8. HMO and licensing
  9. Data protection
  10. What you confirm to us
  11. Complaints

Read Before You Sign

This Page Is A Summarythe signed agreement is the contract

What follows sets out our services, fees and terms in full, so you can read them before you instruct us. The document you sign — the Lettings & Management Services Agreement — is the binding one, and it includes your statutory notice of the right to cancel.

If you are unsure of your legal position, take independent advice before signing.

Our Services

Two Levels, one introduction fee structure

Both services include finding and referencing your tenant, preparing the tenancy and collecting the rent. Full Management adds inspections, repairs and statutory compliance on top.

12%

Lettings + Rent Collection

+ VAT of rent payable — 14.4% including VAT. Letting the property, referencing, the tenancy agreement, deposit protection and monthly rent collection.

15%

Full Management

+ VAT of rent payable — 18% including VAT. Everything above, plus twice-yearly visits, repairs, contractors, insurance claims and statutory compliance.

When The Monthly Fee Is Payable

Rent Collection and Full Management fees are payable monthly for the duration of the tenancy where (a) a tenant we introduced occupies the property; (b) a person or company introduced by a tenant we introduced occupies it; (c) a person associated with a tenant we introduced occupies it; or (d) a tenant we introduced occupies any other property you let.

1Letting your property

Valuation and advice

We visit the property and advise on the appropriate market rental value, recommend how best to present it, and brief you on the relevant legislation — including the Renters’ Rights Act 2025, the Tenant Fees Act 2019, the Housing Act 1988 as amended, and any applicable licensing schemes.

Marketing

  • Property particulars with professional photographs and floor plans
  • Advertising on our website and the major portals — Rightmove, Zoopla, OnTheMarket and PrimeLocation — plus social media and occasionally local publications
  • A “To Let” board, where allowed
  • Details sent to suitable applicants and relocation agents
  • Accompanied viewings, arranged and conducted by us
  • Regular feedback, and notification of all viewings and offers

We may occasionally appoint a sub-agent on your behalf. This involves no additional fees or costs to you — we are liable for any sub-agent’s commission, and your obligations to us are unchanged. We will require a set of keys to conduct accompanied viewings.

Securing the tenancy

  • Interviewing prospective tenants and negotiating terms on your behalf
  • Reference checks on tenants and any guarantor through an independent referencing provider
  • Right to Rent checks under the Immigration Act 2014
  • Preparing the Assured Periodic Tenancy Agreement, any Guarantor Agreement and related documentation
  • Issuing the Government’s “How to Rent” guide before the tenancy begins
  • Collecting the deposit and either protecting it with MyDeposits on your behalf and serving the Prescribed Information, or transferring it to you
  • Arranging an inventory, prepared and checked by an independent clerk
Renters’ Rights Act 2025 — How We Work

We will not invite, encourage or accept offers of rent above the advertised rent, and will not discriminate against any prospective tenant on the basis that they receive benefits or have children.

Where the deposit is transferred to you, it is your responsibility to protect it with a Government-approved scheme within 30 days of receipt and serve the Prescribed Information on the tenant.

The contract for the inventory clerk’s service is between you and the clerk. We take great care choosing and overseeing them, but cannot accept responsibility for loss or damage caused by a clerk’s neglect or default.

If you decline to rent to a prospective tenant who has paid a holding deposit, except where they failed referencing, the holding deposit is refunded to them in full and you are liable for our reasonable fees and costs — see Abortive Transaction in the fees table. Where a tenant fails referencing, the holding deposit is normally paid to you, less the cost of referencing.

2During the tenancy

While the property is let, we will:

  • Receive rent, submit statements of account, and remit rent to you at the agreed intervals — less our fees including VAT, sums we pay out with your authority, and, if you are not UK-resident, sums we must deduct and pay to HMRC
  • Submit copies of statements to your accountant or another third party, with your permission
  • Serve a Section 13 notice (Form 4A) on your instruction to propose a rent increase
  • Re-let the property and repeat all the letting activities above where a tenant gives notice

If the rent falls into arrears

We attempt to contact the tenant by email and telephone once any instalment is more than 7 days in arrears. If we cannot secure payment within 7 days of our first attempt, we report the position to you. We continue trying, and if rent is more than 28 days in arrears we report again — at which point it is your responsibility to instruct solicitors or take other action.

A Change You Should Know About

Under the Renters’ Rights Act 2025, the threshold for mandatory possession on rent arrears grounds (Ground 8) is now three months’ arrears, with a four-week notice period. Our reporting timeline is intended to keep you informed early; the decision on when to instruct solicitors is yours.

We do not advise on the appropriate level of a proposed rent, and we do not represent you at any First-tier Tribunal referral.

At the end of the tenancy you must tell the tenant within 10 working days whether you propose to make any deductions from the deposit, and you are responsible for negotiating directly with the tenant over its return.

3Full Management

Full Management includes everything above, plus the following.

Visits

We visit the property at least twice a year and, if requested, report to you after each visit at no additional cost. Each visit is a brief inspection of general condition, considering only apparent or obvious defects. It is not a survey, and no report should be regarded as a guarantee or warranty as to the state of the property.

We will also visit when we judge it necessary — to inspect a serious defect, for example — at no additional cost. Where we must attend when the tenant cannot be present, we reserve the right to charge an attendance fee of £30 inc VAT, plus £30 inc VAT per hour waiting time.

Money

It is your responsibility to ensure we hold cleared funds in advance of any payment we make on your behalf. If we do not, we are under no obligation to make it. Cheques take 5–7 working days to clear; UK electronic transfers 3–5 working days; overseas transfers longer.

We pay current outgoings out of rents received — gas safety certificates and any works needed to make appliances compliant, insurance premiums, utility accounts, ground rent, service charges and similar. We query obvious discrepancies, but are entitled to accept and pay demands that appear on their face to be in order.

Contingency float. All managed properties are subject to a discretionary float of £300. Where a tenant has volunteered more than one month’s rent in advance, we set up a float of £500, taken from the initial rent and maintained from subsequent net rents. We may require additional funds if there is insufficient to meet outgoings.

Repairs and maintenance

We deal with day-to-day management matters, arranging repairs and renewals we consider necessary up to £300 including VAT without your prior written consent. Above that, we obtain estimates and submit them to you — unless it is an emergency.

In an emergency — no heating or hot water, no lights, a serious water leak, a gas escape, or damage from a break-in compromising security — we will still attempt to contact you, but if we cannot reach you in the time available we will take such action as we consider reasonably necessary to protect the property.

All contractors we employ are assessed by us for quality, reliability, trustworthiness and GDPR compliance. They are independent of us and we receive no payment or gratuity of any kind from them. The contract for any works is between you and the contractor.

Insurance claims

We lodge and oversee insurance claims on your behalf. For claims over £1,000, which would normally require a loss adjuster, we reserve the right to charge 12% including VAT of the total claim, subject to notifying you in advance. We try to include our fee in the claim, but some insurers decline to pay it.

Notices and disputes

We forward any party wall or planning notices to you for instructions, and can appoint a qualified building surveyor on your behalf. We are happy to act for you in neighbour disputes, or disputes with managing agents or freeholders. Straightforward matters carry no additional charge; where a matter becomes involved or prolonged we reserve the right to charge at the hourly rate, subject to notifying you in advance.

End of tenancy

On receipt of the independent inventory clerk’s report we will, if necessary, visit the property, arrange for items in the report to be costed, and submit an end-of-tenancy claim to you for approval and then to the tenant. You are responsible for the cost of both the check-in and check-out inventories.

4Statutory compliance and our authority to instruct

You authorise us to instruct, arrange, re-instruct and where required carry out remedial works for the following, and to debit the reasonable cost from rent received or call for payment where rents are insufficient:

Gas Safety

Annual inspections and remedial works under the Gas Safety (Installation and Use) Regulations 1998.

EICR

Five-yearly Electrical Installation Condition Reports and remedial works. C1, C2 and FI defects must be remedied within 28 days, or sooner if the report specifies.

EPC

Commissioning a new Energy Performance Certificate where none is in place or the existing one has expired.

PAT testing

Annual testing of portable appliances you supply, where the property is let furnished or part-furnished.

Smoke and CO alarms

Installation, replacement, testing and maintenance under the 2022 Amendment Regulations, including confirming all alarms work on day one of each tenancy.

Legionella

Periodic risk assessments and follow-up actions under the HSE’s Approved Code of Practice L8.

Right to Rent

Initial and follow-up checks, including re-checks for tenants on time-limited visas.

HMO and selective licensing

Applications, renewals and compliance under Parts 2 and 3 of the Housing Act 2004. Licence fees are payable by you.

Deposit protection

Registration with MyDeposits and service of the Prescribed Information under section 213 of the Housing Act 2004.

PRS Database

Registration of the property once the Private Rented Sector Database is operational under Part 2 of the Renters’ Rights Act 2025.

We act reasonably, and where practicable obtain your prior approval before instructing work expected to cost more than £300 inc VAT. We may proceed without prior approval where the work is needed urgently to avoid criminal liability, enforcement action, invalidation of insurance or risk to safety; where you have not responded in a reasonable time given the urgency; or where the work is necessary to comply with a notice or order from a local authority or regulator.

No Tenancy Starts Without These

No tenancy will commence, and no existing tenancy will be supported by us, unless the property complies on gas safety, EICR, EPC and smoke and carbon monoxide alarms. If you do not provide evidence at least 7 days before a tenancy begins or a certificate expires, we are authorised to instruct the necessary inspection or remedial work and debit the cost to your account.

Nothing in this clause obliges us to act as a “responsible person” under the Regulatory Reform (Fire Safety) Order 2005. That responsibility remains with you at all times.

5What is not included

We do not:

  • Transfer utility accounts and council tax between tenant and landlord names — many providers do not permit us to.
  • Obtain consents to the tenancy unless specifically agreed, in which case our hourly rate applies. Examples include consent to let from your own landlord and from your mortgage lender. These must be obtained before the tenancy begins and may need renewing. If the property is leasehold, provide us with a copy of your lease.
  • Make enquiries of your insurers. You should confirm in writing that your policies remain in full force for the duration of the tenancy, that sums insured and risks covered are adequate — including during vacant periods — and consider loss of rent insurance. Consider removing items of sentimental value.
  • Check furnishings, gas or electrical equipment for compliance as a matter of course. You must ensure everything complies with the relevant regulations. We can arrange safety checks on your behalf; you are responsible for the contractor’s fees, and where we do not manage the property we require funds in advance.
  • Act as the “responsible person” under the Fire Safety Order. Determining and meeting those obligations is your sole responsibility.

6Ending the service

Either service continues for the duration of any tenancy in which a tenant we introduced — or a person introduced by, or associated with, such a tenant — occupies the property, or where a tenant we introduced occupies any other property you let.

You may terminate on not less than two months’ written notice, to expire at the end of a rental period. We remain entitled to receive rent and make the usual deductions during the notice period. This applies whether or not the tenant has given notice, and is in addition to any right to terminate for breach.

We may terminate on not less than two months’ written notice, by email or post.

Where a service ends while the property remains let and we hold the deposit, you will endeavour to agree a variation with the tenant so that we no longer hold it. Until that variation takes effect, you agree to pay us at the Additional Work hourly rate for all work we are required to do in relation to the deposit.

Miscellaneous Fees

Everything Else We Chargeall figures include VAT

Service Fee Notes
Tenant / guarantor referencing £36 (£30 + VAT) Per tenant or guarantor
Administration fee £240 (£200 + VAT) MyDeposits registration, anti-money-laundering checks, online document signing, the Assured Periodic Tenancy contract, Right to Rent checks including follow-up for time-limited visas, tenancy dispute evidence to MyDeposits where we protected the deposit, and service of legal notices seeking possession
Energy Performance Certificate £90 (£75 + VAT) Ten-year duration
Gas Safety Certificate £90 (£75 + VAT) Annual
Electrical Installation Condition Report Varies According to the property
Vacant property inspection £30 (£25 + VAT) Per visit
Appearance before any court or tribunal £300 (£250 + VAT)
Abortive transaction £300 (£250 + VAT) Where you decide not to proceed after satisfactory references and the contract has been prepared
HMO or selective licensing £300 (£250 + VAT) Applying on your behalf, plus the cost of the licence itself
Service of notices £180 (£150 + VAT) Including s.13 rent increases and notices seeking possession
Additional work £120 per hour (£100 + VAT) Work not specifically covered, minimum charge one hour
Inventory — studio £138 (£115 + VAT) Varies by size of property
Inventory — 1 bedroom £150 (£125 + VAT)
Inventory — 2 bedroom £174 (£145 + VAT)
Inventory — 3 bedroom £216 (£180 + VAT)
Inventory — 4 bedroom £240 (£200 + VAT)
Inventory — 5 bedroom £276 (£230 + VAT)

These fees are payable for the period in which the tenants we introduced remain in occupation, and for the duration of their tenancy.

Where a sharer change, tenancy variation or assignment is requested, the fee charged to the tenant is £50 inc VAT, or our reasonable costs if higher, in accordance with Schedule 1 of the Tenant Fees Act 2019. Where our reasonable costs exceed £50, the tenant is notified in advance and given an itemised breakdown.

7HMO licensing and planning

We aim to provide guidance on property transactions and management, but we wish to be clear:

We are not planning consultants. We do not provide professional advice on planning applications, HMO licensing or related matters. Any information we provide is general guidance only and should not be relied on as expert advice.

It is the property owner’s sole responsibility to confirm whether a proposed HMO application requires planning permission, and to take all necessary steps to apply for it and secure any required approvals.

We strongly recommend taking advice from qualified planning consultants or legal professionals to ensure compliance with local planning regulations and licensing requirements.

Where we apply for a licence on your behalf, we will ask you a set of statutory suitability questions covering unspent convictions, findings of unlawful discrimination, judgments relating to housing or landlord and tenant law, funds available for uninsured damage and maintenance, and any management orders or refused licences in the last five years.

8Data protection

Both you and we will comply with all applicable requirements of the Data Protection Legislation — the UK GDPR, the Data Protection Act 2018, the Privacy and Electronic Communications Regulations 2003 as amended, and any successor legislation.

You are the Data Controller for the data you hold, and we are a Data Controller for the data we hold. Each of us will:

  • Have appropriate technical and organisational measures in place against unauthorised or unlawful processing and against accidental loss, destruction or damage — which may include pseudonymisation and encryption, ensuring confidentiality, integrity, availability and resilience, restoring access after an incident, and regularly assessing those measures
  • Ensure all personnel with access to personal data are obliged to keep it confidential
  • Not transfer personal data outside the United Kingdom unless an appropriate transfer mechanism is in place — a UK adequacy regulation, the UK IDTA, the UK Addendum to the EC Standard Contractual Clauses, or Binding Corporate Rules — with a Transfer Risk Assessment where required
  • Assist the other in responding to data subject requests and in meeting obligations on security, breach notification, impact assessments and consultation with regulators
  • Notify the other without undue delay on becoming aware of a personal data breach
  • Maintain complete and accurate records demonstrating compliance

Both parties consent to the appointment of third-party processors, to be made known on request, each under an agreement incorporating substantially similar terms. Each party remains fully liable for its own processors.

Either party may, on not less than 30 days’ notice, propose a revision to reflect a change in the law or a certification scheme. No revision takes effect without both parties’ agreement, which will not be unreasonably withheld.

Our Privacy Notice sets out in full how we collect, use and share personal data, our lawful bases, retention periods, international transfer safeguards and the rights of data subjects.

9What you confirm to us

On signing, you confirm and undertake that:

  • You are the sole or joint owner of the property
  • You have obtained, or will obtain before the tenancy starts, all necessary consents and licences to let the property lawfully — including those of joint owners, mortgage lenders, superior landlords or freeholders — and will provide us with evidence
  • The property and its contents fully comply with the Furniture and Furnishings (Fire) (Safety) Regulations 1988, the Gas Safety (Installation and Use) Regulations, and the electrical safety regulations in force

10Complaints

If you have a complaint about our services, raise it with us first at info@elementproperties.co.uk. All complaints are handled under our Complaints Handling Procedure. If you remain dissatisfied after our final response, or eight weeks have passed since you first raised it, you may refer the matter to The Property Redress Scheme free of charge.

The Property Redress Scheme
7th Floor, Corn Exchange, 55 Mark Lane, London EC3R 7NE
Telephone
0333 321 9418
Website
www.propertyredress.co.uk

Thinking Of Letting?

Find Out What Your Property Would Let Forhonestly, and with the figures behind it

We will visit, tell you the market rent we think it will achieve, and explain what the Renters’ Rights Act means for you as a landlord. No obligation.

Alexandra Park26 Palace Gates Road, London N22 7BN
020 8057 0777
Stoke Newington147 Church Walk, London N16 8QW
020 7167 6878

This page summarises our Lettings & Management Services Agreement for information. The signed agreement, which includes your statutory notice of the right to cancel, the landlord and bank details you supply, your chosen service level and the declaration, is the binding document between us.

Element Properties Alexandra Park Ltd, trading as Element Properties & Co. Registered in England and Wales, company number 10351289. Registered office: 26 Palace Gates Road, London, N22 7BN. Members of the Property Redress Scheme and Client Money Protect. ICO registration ZA242204.