● For landlords paying full-management fees
Since 1 May 2026, tenancies in England are periodic: they can run indefinitely, and so can your agent's 10–15% plus VAT. The same tenancy (rent, repairs, compliance, paperwork) runs here for £40 a month, flat, and your tenant stays exactly where they are.
Reserve your switchYour agent, per year
£3,888
15% + VAT on £1,800/mo
Cheerfulrent, per year
£480
£40/month flat, no VAT on a percentage (there is no percentage)
You keep, per year
£3,408
that's 88% of what you pay now
A percentage fee isn't one bad year: it repeats every year you let. Here's what the difference compounds to over a landlord's lifetime.
Fees you keep over 10 years
£34,080
pure arithmetic: (£324 − £40)/month × 10 years
If you invested that difference at 4%
£41,819
illustration at your chosen rate (see note below)
Illustration, not financial advice. Assumes rent and fees stay constant and the monthly difference is invested at the rate you chose, compounded monthly; investment returns are not guaranteed and capital is at risk. The fees-kept figure is arithmetic on the numbers you entered.
Start keeping it: no fee until your first rent is collectedYou don't wait for the tenancy to end. Your tenant keeps their home; you change who runs the admin.
01
Check your management agreement
Most full-management contracts have a notice period (often one to three months) and some charge a fee if you keep a tenant they found. Read yours, or send it to us. Reserve your switch first: we confirm your date before you give notice in writing.
02
Set the tenancy up on Cheerfulrent
Add the property, upload your existing tenancy agreement (we read the rent, dates and terms out of it) and invite your tenant by email. Nothing gets re-signed unless you want it to be.
03
Rent redirects with one standing-order change
Your tenant updates one standing order to the new payment reference. We detect the first payment the moment it lands, verify it, and pay you out, with the WhatsApp to prove it.
04
The deposit stays protected
If the deposit sits in a custodial scheme it can stay exactly where it is; if your agent holds it, it transfers to a scheme in your name. We walk you through whichever applies.
We are bringing switching landlords on in order. Tell us about your tenancy and we will work out your earliest switch date from your notice period. Gregory confirms every switch personally before you give your agent notice, so your rent is never left without someone looking after it.
Rent collected and chased
Standing-order detection, verification, arrears chasing, itemised payouts.
Compliance tracked
Gas, EICR, EPC, deposit and tenancy information deadlines chased before they lapse.
Repairs coordinated
Tenant reports with photos; you approve; a vetted tradesperson gets the job.
Everything visible
You and your tenant see the same record: rent, documents, repairs, dates.
No fee until your first rent is collected · no card · your tenant changes one standing order
CHEERFULRENT LIMITED, company 16575846 · ICO ZC232870. Protection arrangements are in place before any rent is collected. Comparing first? Read Cheerfulrent vs traditional letting agents and what a letting agent costs, or upload a statement and see your real rate.