For landlords · 6 min read
Foxtons landlord fees: what the published schedule actually says
According to Foxtons' published fee schedule, letting commission is 11% of rent (13.2% including VAT) in year one, falling to 9% (10.8% inc VAT) for sole agency in later years. The management service is charged separately at 6% (7.2% inc VAT) on top, so a fully managed long let costs 17% plus VAT in year one — around 20.4% including VAT. Short lets are charged at 26% plus VAT (31.2%). There is also a £450 long-let agreement fee and a £30 anti-money-laundering check. On a £1,500 pcm property that is roughly £4,150 in the first year.
Frequently asked questions
How much does Foxtons charge landlords?
Per Foxtons' published schedule, letting commission is 11% (13.2% inc VAT) in year one for long lets, dropping to 9% (10.8% inc VAT) for sole agency in later years. The management service is a further 6% (7.2% inc VAT). Short lets are 26% plus VAT. A £450 long-let agreement fee and £30 AML check also apply.
Is Foxtons' management fee on top of the letting fee?
Yes. The 6% management service is charged in addition to the letting commission, so a fully managed long let in year one totals 17% plus VAT — around 20.4% including VAT of the annual rent.
What would Foxtons cost on a £1,500 per month property?
Roughly £3,672 in commission for a fully managed first year at 20.4% inc VAT on £18,000 annual rent, plus a £450 agreement fee and £30 AML check — about £4,152 before cleaning, inventory or check-in charges.
Are Foxtons' fees negotiable?
Foxtons applies a sliding scale, and its published terms note that management fees are reduced where a landlord has three or more properties managed by them. Always ask for the full fee schedule in writing before signing.
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