Fees, Referrals Terms and Conditions
At Wendy Obuli Property, we believe in complete transparency. Below you will find a full breakdown of our independent consultancy fees and details of the trusted third-party providers we work with and any financial arrangements associated with them.
You are under absolutely no obligation to use any of our recommended third-party providers. You are entirely free to source your own independent services.
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Our Consultancy Fees
Our Consultancy Fees
Sourcing Services Fees
Buying Sourcing (Property Acquisition Consultancy). This service is for remote and international buyers looking to purchase a property. We actively source on-market and off-market properties tailored to your investment or residential criteria.
Our Fees with respect to the provision of the Services shall be equal to a one-off retaining fee of £2,000 plus VAT payable on confirmation of instructions and/or 1.5% of the Total Transaction Value plus VAT in the event you purchase a property.
The retaining fee shall be deducted from the success fee, if applicable.
- Real-World Example: If we successfully source and negotiate a property for you at a purchase price of £500,000, our total fee is £7,500 . After deducting your £2,000 upfront retainer, the balance due on completion is £5,500 plus VAT .
Sales Agency Fees
- Sole Agency Fee: 1.5% of the final achieved sale price (plus VAT).
- Real-World Example: If your property sells for £500,000, the estate agency fee payable to iad UK upon completion will be £7,500 (plus VAT).
- When Payable: Fees are legally due upon exchange of contracts but are payable strictly upon completion out of the sales proceeds via your conveyancing solicitor.
Legal Status & Consumer Protection Disclosures
- Network Representation: All iad property consultants are self-employed agents operating as part of the iad network managed by iad UK Limited (Company Number: 14476433).
- Redress & Client Money Protection: Lettings, property management, and client money services under this banner are legally administered by David Lee Estates trading as iad UK Limited (Company Number: 05147913), which holds full membership with the Propertymark Client Money Protection Scheme. Any traditional estate agency complaints follow the iad UK Complaints Procedure.
Letting & Property Management Services
If you are a landlord looking to let out a property, we provide comprehensive traditional marketing, tenant sourcing, and full property management services through the iad UK network. Please note that when you instruct us for letting or management services, your formal contract is held directly with iad UK Limited. All client monies, tenancy deposits, and monthly rent processing are securely handled under their corporate frameworks.
Service Tiers & Fees
1. Tenant Find / Let Only Service. This service is for hands-on landlords who want us to market the property, conduct viewings, execute reference checks, and draft the tenancy agreement, but will manage the property and collect rent themselves thereafter.
- Fee Structure: 85% of the first month’s gross rent (plus VAT).
- Real-World Example: If your property lets for £1,500 per calendar month, the one-off fee payable to iad UK upon the signing of the tenancy agreement is £1,275 (plus VAT).
- When Payable: Due upon the successful signing of the tenancy agreement, deducted from the first month’s upfront rent collected from the tenant.
2. Rent Collection Service. This service includes everything in the Tenant Find tier, plus ongoing monthly rent collection, automated invoicing, and arrears chasing on your behalf.
- Fee Structure: 12% of the monthly rent collected (plus VAT).
- Real-World Example: If your property rents for £1,500 per calendar month, the ongoing monthly fee deducted by iad UK is £180 (plus VAT) per month.
- When Payable: Deducted automatically each month from the rent received before the remaining balance is forwarded to your bank account.
3. Full Property Management Service
Our most popular tier. Includes everything in Tenant Find and Rent Collection, plus handling 24/7 tenant maintenance requests, coordinate repairs, routine property inspections, check-out management, and deposit dispute resolution.
- Fee Structure: 12.5% of the monthly rent collected (plus VAT).
- Real-World Example: If your property rents for £1,500 per calendar month, the ongoing monthly fee deducted by iad UK is £187.5 (plus VAT) per month.
- When Payable: Deducted automatically each month from the rent received before the remaining balance is forwarded to your bank account.
Legal Status & Client Protections
- Corporate Framework: Lettings, tenancy management, and client money services under this banner are legally administered by David Lee Estates trading as iad UK Limited (Company Number: 05147913).
- Client Money Protection (CMP): iad UK holds full, mandatory membership with the Propertymark Client Money Protection Scheme, ensuring your rental funds are fully insured and protected by law.
- Tenancy Deposits: All tenant security deposits are legally protected and registered within a government-approved scheme, such as the Deposit Protection Service (DPS) or Tenancy Deposit Scheme (TDS), via iad UK.
Conflict of Interest & Dual Representation
Because we offer both Buying (Acquisition) and Selling (Disposal) sourcing services, a potential conflict of interest could arise if a retained Buying client wishes to purchase an asset owned by an active Selling client of ours.
- To prevent unpermitted dual agency under the Estate Agents Act 1979, we strictly do not act for both sides of the exact same property transaction while charging a full double sourcing commission without complete written transparency.
- In the event of a client match, we will immediately issue a formal, written Conflict of Interest Disclosure to both parties and will only proceed once a signed waiver and fee-agreement acknowledgement has been completed by both the Buyer and the Seller.
Third-Party Referral Fees & Commissions
If you require addituonal services, we have agreements and approved suppliers (“Approved Supplier”) to whom we can make referrals to on your behalf. In these instances, we may receive commission and/or a referral fee for introducing you to an Approved Supplier, but only when you agree to take advantage of such products or services.
All commissions are internal business-to-business revenue share and do not increase the price you pay to the supplier.
You may decide of your own free will and we will not require you to use such products or services.
IAD UK and IAD Independent Contractors may pay referral fees to individuals who introduce buyers to IAD Independent Contractors. A percentage of your fee to IAD will be paid to the introducer upon the successful completion of the purchase of a property. You should know that the fee you pay is unaffected by any commission IAD pays to the introducer.
Website Terms of Use
A. Accuracy of Property Information
This website provides general information regarding our independent property consultancies and partnering frameworks. While we endeavor to keep all information up to date, any third-party fees, external market tracking, or third-party links are accurate only at the time of publishing and must be verified directly with the corresponding third party.
B. No Professional Financial Advice
The content found on this website is for marketing and general guidance purposes only. It does not constitute formal legal, financial, or tax-related property investment advice. You should seek independent professional advice before making any transactional decisions.
C. Data Protection, Privacy & ICO Status
Wendy Okoi-Obuli is a registered Data Controller with the Information Commissioner’s Office (ICO) under registration number ZC074746.
- Data Sharing for Referrals: We will only pass your personal contact details to one of our trusted third-party partners where there is an appropriate lawful basis to do so and, for optional referrals, with your permission. Further information is provided in our Privacy Policy.
- Property & Redress Membership:
Wendy Obuli Propertyis a fully registered member of the Property Redress Scheme (PRS) . Our Membership Number is :PRS056088. - iad UK Data Processing: When acting as a designated consultant for iad UK Limited, all property marketing, letting applications, and client documentation are processed securely and legally in alignment with the iad UK Corporate Privacy Policy.
- Corporate Redress Status: Lettings, property management, and client money services under the iad banner are legally administered by David Lee Estates trading as iad UK Limited (Company Number: 05147913), an approved member of the Propertymark Client Money Protection Scheme.