What other costs should be taken into account?

Letting agent's commission and management fees, Insurance (Building/Contents/Rental and Legal Expenses Cover), the costs of keeping the property in a marketable condition, service charges and ground rents, applicable only if the property is on a leasehold agreement.

It is worth noting that the tenant is responsible for all the utility bills and any extra services they wish to buy for the property. For example, Internet services, cable or satellite services.