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Why Paramount?

At Paramount we do things a bit differently. We believe the most important thing in the world of property is you. By truly understanding your needs we can make a real difference whether you're buying, selling, renting or letting a property. We are a multi award-winning independent estate agency in West Hampstead providing services across the whole of London.

Get in touch today to see how we can make a difference.

Awards

Providing exceptional service is at the heart of what we do and we constantly strive to deliver the best results for our customers and our clients.

We are proud winners of multiple awards, some judged by industry leaders and others voted for by the public. They highlight our team's hard work and celebrate our commitment to delivering excellent service.

London Estate agency of the year 2016
Property Management Lettings agency of the year 2016
London Lettings agency of the year 2016

Fees

Charges for Landlords

TermParamount Collect (per term)
Year 1 10.8% inc VAT
Year 2 8.4% inc VAT
Year 3 onwards 6% inc VAT
   
Deposit registration admin cost £30 inc VAT
Services 
Accompanied viewings  
Pre-tenancy inspections  
For let / let board (if agreed)  
Tenancy renewals  
Deposit registration  
Arranging inventory check-out  
Arranging professional cleaning  
Digital and print advertising  
Referencing and compliance  
Deposit collection (if we are holding)  
Advice on rental market, refurbishments  
Key holders  
Utilities transfer  
Collect and remit rent  
Agree collection of any shortfall and payment method  
Provide tenant with method of payment  
Deduct any pre-tenancy invoices  
Make any HMRC deductions and provide tenant with the NRL8 (if required)  
Pursue payment of non-rent and arrears  

Paramount Trial / Paramount Complete
Management is charged at an additional 6% inc VAT per term and includes the following services:

  • Refurbishment management
  • Additional visits (flat prep etc)
  • Mid-term and full annual inspections
  • 24/7 contact with management division
  • Arrange repairs (providing at least 2 quotes from different companies)

Services NOT charged for but provided by Paramount
Paramount will not charge you an additional fee for organising, administering or providing any of the following services.
Any costs are direct charges from the suppliers themselves:

  • Compliance
  • Tenancy renewals
  • Check outs
  • Key cutting
  • Courier service (delivering keys)

Payment
Paramount accept the following methods of payment:

  • Debit card (0.75% + £0.20 surcharge)
  • BACS (no charge)
  • CHAPS (£30 inc VAT per transaction)
  • Credit card (3% + £0.20 surcharge)
  • Cash (2% surcharge)
  • Late payments will be charged at 3% above the Bank of England base rate

Charges for Tenants

Contracts and administration – per property
This charge is to cover tenancy agreement contract charge and compliance which includes referencing, credit check and drafting contracts.

PropertyPrice
Studio £120 inc VAT
1 bed £150 inc VAT
2 bed+ £180 inc VAT

Substitution of Tenant / Additional Tenant
If a substitution of Tenant or additional Tenant is being added to the tenancy agreement there is a charge of £240 inc VAT to cover contract costs and administration. This is to be split equally between incoming and outgoing tenants.

Services NOT charged for but provided by Paramount
Paramount will not charge you an additional fee for organising, administering or providing any of the following services.
Any costs are direct charges from the suppliers themselves

  • Inventories (approximate cost of £78–£180 depending on the size of the property when Paramount’s recommended inventory clerk is used. Other companies may vary)
  • Check in and check outs
  • Professional cleaning
  • Tenancy renewals

Payment – per tenant
Paramount accept the following methods of payment:

  • Debit card (0.75% + £0.20 surcharge)
  • Credit card (3% + £0.20 surcharge)
  • BACS (not accepted for holding deposits)
  • CHAPS (not accepted for holding deposits)
  • Late payments will be charged at 3% above the Bank of England base rate

If you have any questions on any of our services or charges, please speak to a member of the team.