Landlord Fees

Corner Stone: Simplifying Your Letting Journey

Embark on a well-informed letting journey with Corner Stone Property Group. Understand the crucial costs and compliance requirements for landlords, from insurance to safety certificates, and discover how we streamline these processes for your peace of mind and investment success.

Understanding the Costs Involved Before Letting

As you prepare to rent out your property, it’s essential to be aware of various administrative and legislative responsibilities. These tasks are crucial for compliance and will contribute to your initial costs. Here’s a guide to what you need to consider, with a focus on how Corner Stone Property Group can assist you in managing these efficiently.


Landlord’s Insurance: This covers buildings, contents, accidental damage, and potentially lost rent. While not legally mandatory, it’s advisable as standard home insurance isn’t sufficient. Mortgage providers often require landlords to have specific insurance policies.

Deposit Protection Scheme

Securing Deposits: Tenant deposits must be placed in a protection scheme within 30 days of receipt. Options include custodial schemes (free of charge) and insured schemes (which incur a fee). Fees can vary based on the deposit size.

Registration Scheme

Upcoming Requirements: England is set to introduce a landlord registration scheme, with costs anticipated to be around £80, similar to existing schemes in other UK regions.

ICO Registration

Data Protection Compliance: As a landlord, registering with the Information Commissioner’s Office (ICO) is necessary due to handling tenants’ personal data. Registration costs £40, or £35 via direct debit.

Energy Performance Certificate (EPC)

Assessing Energy Efficiency: An EPC, required every 10 years, can start from £60. Costs may vary based on your property’s specifics.

Gas Safety Certificate

Annual Safety Checks: Required for gas appliances, this certificate, obtained from a Gas Safe-registered engineer, typically starts at around £60, varying with the number of appliances.

Renovation and Maintenance

Property Upgrades: Costs can vary widely, from minor redecorations to more significant repairs like roofing or window frame fixes. Ensuring a safe and well-maintained property is crucial for long-term value.

Credit Checks

Tenant Reliability: Conducting credit checks on potential tenants is vital to ensure consistent rent payment. This service may be included in the management fees charged by your letting agency.

Why Choose Corner Stone Property Group for Property Management?

At Corner Stone Property Group, we provide comprehensive support and expertise in managing these essential tasks. Our dedicated team ensures that your property not only complies with all legal requirements but also is positioned to attract the best tenants. By choosing us, you benefit from:

  • Streamlined Processes: We efficiently manage all the necessary checks and compliance requirements.
  • Expert Advice: Benefit from our in-depth knowledge of the local rental market and legal obligations.
  • Peace of Mind: With our professional management, you can be assured of a hassle-free letting experience.

Let Corner Stone Property Group take the complexities out of preparing your property for rent. Contact us today to learn more about our services and how we can assist you in becoming a successful landlord in Manchester.