Landlords Looking To Make Extra Revenue From Tenants Beside Rental Payments

Posted on September 16th, 2008 | by John Glenn |

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Generally the landlord and tenant relationship is formal and straight forward. The landlord offers shelter to the tenant and in return tenant pays the fixed rent to the tenant. But from the last few years in the business economy, the relationship is getting more inclined towards making additional revenues.

If an organization sets a customer then it tries to preserve that customer and see the ways to build additional revenue from that customer by selling him additional services. In the same way, in tenant-landlord relationship, the landlord tries to make extra revenue in exact lawful ways. The prime area where some landlords lawfully charge tenant money is in relation with the cost of management for managing and ending a tenancy.

The demands of government in relation with additional regulations are Tenancy Deposit Scheme (TDS), HMO licensing and Energy Performance Certificates (EPCs) which raises the burden on the landlords. These stresses enter with extra financial costs which comes extra time regardless of creating additional revenue for landlords.

Possible letting services & possible charges

Credit check £20
Interview charge £20
Tenancy Agreement £20
Setting up DD £20
TDS (guarantor fee) £50
Check in / inventory £50
Check out £50

TOTAL £230

Non-performance tenancy charges

There are some charges that the landlord can put on the tenancy agreement. These are more fees regarding non-performance of the tenancy agreement. In a tenancy agreement, it is better to write a provision with the Assured Short hold Tenancy agreement containing a £35 admin charge for the late payment.

Additional services

Landlord should charge their tenants for the additional services which include wireless computer network, satellite TV, laundry & ironing service, and lots more. These services are really amazing which will give benefit to both tenant and landlord.