1. Overview:

Letly is offering limited early access (Feb–Jul 2026) for up to 1,000 properties. Participants lock in lifetime 4% monthly pricing on tenant placement. The fee applies only while a Letly-introduced tenant occupies the property, pauses automatically during voids, and restarts if Letly replaces the tenant within 6 months.

2. Core Terms:

• Fee: 4% (excl. VAT) of Annualised Rent, deducted monthly from rent collected via Letly’s client-money-protected account.
• No let, no fee. No charge unless a Letly tenant moves in.
• Pause & Restart: Stops from vacancy date; resumes if Letly finds the next tenant within 6 months.
• Fall-through protection: If a Letly tenant withdraws pre-move-in or defaults within 8 weeks, Letly provides a free replacement once.
• Non-exclusive: You may market elsewhere; payment owed only where the tenant progressed through Letly’s process.
• Payment flow: Letly deducts the monthly 4% fee, remits rent balance within 2 business days, and issues a VAT invoice.

3. Included Services:

• Property onboarding, compliance check (EPC, Gas, EICR etc.), professional photos if needed.

• Listing & advertising on multiple platforms.

• Tenant qualification, referencing, Right to Rent checks, and offer handling.

• AST agreement issue, deposit protection, and rent collection.

• Two annual inspections included.

  (Ongoing property management, arrears, and repairs are excluded in Early Access.)

4. Landlord Responsibilities:

Provide accurate compliance docs, access details, and feedback (≤ two short calls/surveys).

5. Programme Rules:

• Deferral: You may move to one later cohort if requested ≥ 7 days before your start month.
• Readiness: If not ready within 60 days of cohort month, your slot may be reassigned.