New Property Manager Statements

Reserve owners (15% commission):

There has been no change to the total percentage commission that we have deducted from your rental income. However, we have amended the way that we present the information on your monthly Property Manager Statement. This is to comply with VAT legislation and if you are VAT registered you will now be able to use this as a VAT invoice.

Your commission has always been 15% inclusive of VAT that we must charge.

On a £1,000 booking we would deduct commission at the rate of 12.5% = £125 and on top of this we charge VAT at 20% i.e. £125 x 20% = £25.

£125 + £25 = £150 i.e. 15% of the £1,000 booking.

Reserve Plus+ owners (25% commission):

There has been no change to the total percentage commission that we have deducted from your rental income. However, we have amended the way that we present the information on your monthly Property Manager Statement. This is to comply with VAT legislation and if you are VAT registered you will now be able to use this as a VAT invoice.

Your commission has always been 25% inclusive of VAT that we must charge.

On a £1,000 booking we would deduct commission at the rate of 20.83% = £208.33 and on top of this we charge VAT at 20% i.e. £208.33 x 20% = £41.67.

£208.33 + £41.67 = £250 i.e. 25% of the £1,000 booking.

Reserve Apartments logo

By booking through the Reserve Apartments website you can enjoy exclusive benefits such as:

  • Flexible Check In and Out
  • Best Rate Guaranteed For Reserve Collection Properties
  • Free Wifi

 

Find a place to stay