We invoice for our service fee on a quarterly basis. Our service fee is 20% of a month's rent including VAT. We cover all transactional costs and do not charge any further hidden fees.
This works out about 1.66% of the total contract value based on a 52-week tenancy, the average on other platforms is around 3.5%.
You’ll only pay this on successful bookings where you or the student has not cancelled in the 14-day cooling-off period.
Where a month's rent comes to £500, our service fee would be £100. There would be no further charges on this booking.
To calculate the monthly rent from weekly rent, we multiply the weekly rent by the number of weeks in a year (52). This gives us the annual rent. We divide the annual rent into 12 months which gives us the calendar monthly amount.