Only 5% management fee for your first year See the offer
Mill & KeyProperty Management
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Property management for landlords in Bolton

We find your tenant, look after the property and deal with the rules. You pay 10% of the rent, with no VAT, no exit fee and no mark-up on repairs.

Last updated 12 November 2026

  • 10% full management
  • No VAT added
  • 30 days' notice, no exit fee
Sunlit red-brick terraced houses with arched doorways on a street in Oldham

For every landlord

Only 5% management fee for your first year

Full management at 5% of the rent for your first 12 months, then our normal 10%. Finding a tenant is £295. No tie-in: 30 days' notice and no exit fee.

What's included

Two services. Pick the one that suits how involved you want to be.

What we doTenant find onlyFull management
Rent estimate and advice before you letYesYes
Marketing and viewingsYesYes
Referencing and Right to Rent checksYesYes
Tenancy agreement and the information tenants must be givenYesYes
Help registering the deposit and serving the paperworkYesYes
Checking the rent arrives, and chasing it if it doesn'tNoYes
Repairs arranged at cost. Over £100 waits for your OKNoYes
Inspections, with a reportNoYes
Reminders before safety certificates run outNoYes
One rent review a year, with the correct notice£75 eachYes
A statement every monthNoYes
Finding a tenant£595£295
Monthly feeNone10% of rent

Every price is on our fees page. The rent and the deposit are paid straight to you. We never hold your money.

Sunlight across the wooden floor of an empty room

What it costs you in a year

Mill & Key10%, no VAT£1,020a yearOur fee
A typical agent12%, including VAT£1,224a yearYou'd pay £204 more
A high-street chain16%, including VAT£1,632a yearYou'd pay £612 more
At 5%, your first year with us costs£510

Management fee only. 12% is the most common full-management fee, and 16% the highest standard one, on the published fee lists of 17 Greater Manchester letting agents we checked on 12 November 2026. Their prices include VAT. We're not VAT registered, so none is added to ours. Tenant-find and set-up fees are charged separately by us and by most agents, so they're left out. The 5% rate applies to every landlord's first 12 months.

What we don't charge for

A percentage is only part of what an agent costs. These are charges we found on other Greater Manchester agents' own fee lists.

ChargeOn other agents' listsMill & Key
Serving a rent increase notice (managed landlords)£60 to £300Included
Mark-up on bigger repairs and building work12% to 14.4% of the billNone
Leaving the agent during a tenancy£240 up to a month's rent or more£0
Minimum monthly fee£72 to £75 a monthNone
Monthly deposit or compliance feeUp to £11.40 a monthNone

Ranges are from fee lists published by letting agents working in Greater Manchester, read on 12 November 2026, and include VAT. Not every agent charges every item. Ask any agent for their full fee list before you sign.

How it works

  1. A call and a visit

    We look at the property, tell you what rent it should get and what it needs before a tenant moves in. Free, and no obligation.

  2. Safety checks

    We check the gas safety record, the electrical report, the energy certificate and the smoke and carbon monoxide alarms, and tell you if the property needs a licence. Anything missing, we arrange at cost.

  3. Finding your tenant

    Photos, advert and viewings. Every applicant is referenced and has a Right to Rent check. You choose who moves in.

  4. Moving in

    We prepare the tenancy agreement and the written information tenants must be given, arrange the inventory, and help you protect the deposit.

  5. Looking after it

    We check the rent arrives, sort repairs, inspect the property and send you a statement each month. You have the mobile number of the person who manages it.

White cups and plates on a kitchen shelf
A white room with a single chair, a wooden stool and a radiator

Switching from another agent

You don't need to wait for your tenant to leave. Your tenant stays where they are and nothing changes for them except who they call.

  1. Check your current agreement for the notice period and any leaving fee.
  2. Give your agent notice in writing.
  3. We collect the tenancy agreement, deposit details, keys, inventory and safety certificates from them.
  4. We write to your tenant to introduce ourselves and take it from there.

There's no tenant-find fee when you bring a tenant with you, because there's no tenant to find.

Keeping you inside the rules

Most of the law on letting changed on 1 May 2026. Next, between 15 May and 14 August 2027, every landlord in Greater Manchester has to register each rented property with the government. You start that registration yourself, and a managing agent can then add the tenancy and safety details.

Both are explained in plain English in our guides: the Renters' Rights Act and the landlord's checklist.

Who manages your property

Wahib, the founder. He has a master's degree in Planning and Real Estate from the University of Manchester and has worked as a property manager at Thornley Groves in Manchester, on market-rent tenancies at Onward Homes, and on development, sales and lettings at Oppida Estates in London.

Mill & Key is a new company, and we'd rather say so. Your property is managed by the person who owns the business, and you have his mobile number. More about us.

Questions landlords ask

How much does full management cost?

10% of the monthly rent. We're not VAT registered, so no VAT is added. Finding a new tenant is £295 each time. There is no exit fee and no mark-up on repairs.

Who holds the rent and the deposit?

You do. Your tenant pays rent straight into your bank account and we check it has arrived. You protect the deposit in a government-approved scheme and we help you register it and serve the right paperwork. We never hold your money.

I already have a tenant. Can you take over?

Yes. Your tenant stays where they are. We collect the tenancy paperwork, deposit details, keys and safety certificates, introduce ourselves to your tenant, and manage from there. There's no tenant-find fee because there's no tenant to find.

Can I switch from another letting agent?

Usually, yes. Check your current agreement for the notice period and any leaving fee first. Once you've given notice, we arrange the handover with your old agent.

How long am I tied in?

You're not. Give us 30 days' notice at any time. There is no minimum term and no exit fee.

What about the new renting rules?

Tenancies are run under the Renters' Rights Act, which changed most of the rules on 1 May 2026. Our plain-English guide covers what changed and what's still to come.

Do I have to register my property?

Yes, from next year. Landlords in the North West, which includes all of Greater Manchester, must register each rented property with the government between 15 May and 14 August 2027. It costs £65 per property a year. You start the registration yourself, and a managing agent can then add the tenancy and safety details. More in our guide.

Where do you work?

We're based in Bolton and cover the ten boroughs of Greater Manchester: Bolton, Bury, Manchester, Oldham, Rochdale, Salford, Stockport, Tameside, Trafford and Wigan. See each area.

What should your property rent for?

Tell us the address and we'll send a rent estimate within 48 hours. Free, and no obligation.

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