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Lettings Fees

Lettings Fees

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Landlords Information and Fees
Brittons Lettings offer their landlords 3 levels of service - Gold, Silver & Bronze
However, we are always happy to arrange a bespoke property management contract to meet a landlord’s specific requirements. Just contact our Lettings Manager for further details.
 
We highly recommend that landlords reference all tenants who will be listed in the tenancy.  Due to the ‘Tenants Fees Act 2019’ landlords and agents are no longer able to charge tenants for this service, previously tenants have paid for their own references.  The Act has prohibited landlords/agents charging fees to tenants unless they are in breach of the tenancy agreement or the tenancy is changed at the tenant’s request, i.e. change of tenant, etc, not a tenancy renewal.  For more information you may find the following link helpful: https://www.gov.uk/government/publications/tenant-fees-act-2019-guidance.
The charge to reference 2 applicants is £100.

Gold Service – Full Management
Our Full Management contract is the most popular service amongst all our landlords. This is a comprehensive ‘hands free’ service offering as much peace of mind as possible for a landlord, knowing that their property is in safe hands. This service minimizes the hassle of being a landlord as we take care of everything from start to finish leaving the landlords time to enjoy themselves.
Setting up fee: £475 
Management Services:  12% of the rent( 10% + vat) Example - Rental income of £575pcm would calculate to £69.00pcm management charge.
All prices shown include VAT at 20%
The Gold Service includes the following: 
§  Marketing your property and finding a suitable tenant
§  Negotiate terms between you as a landlord and the prospective tenant
§  Arrange a suitable moving in date for you and the tenant
§  Prepare and execute your new tenancy agreement (electronic PDF copy only)
§  Prepare and supply an Inventory & Schedule of condition (electronic PDF copy only)
§  Collect and register the tenants’ deposit
§  Collect the first month’s rent
§  Subsequent collection of rent and accounting to you
§  Regular property inspections and reporting to you on the condition of the property
§  Responding to all maintenance issues reported by the tenant or discovered by the property inspections
§  24/7 Emergency maintenance service
§  Advising on and assisting with legal aspects of letting your property
§  Final administration when the end of the tenancy occurs

Silver Service – Let & Collect
The Let & Collect service is designed for the Landlord who has the time and expertise to manage the maintenance of their property, but requires Brittons to introduce and source a suitable tenant and just collect the rent.
Setting up fee: £475 including VAT
Management Services: 9.6% of the rent( 8% + vat) Example - Rental income of £575pcm would calculate to £55.20pcm management charge.
All prices shown include VAT at 20%
The Silver Service includes the following:
§  Marketing your property and finding a suitable tenant
§  Negotiate terms between you as a landlord and the prospective tenant
§  Arrange a suitable moving in date for you and the tenant
§  Prepare and execute your new tenancy agreement (electronic PDF copy only)
§  Prepare and supply an Inventory & Schedule of condition (electronic PDF copy only)
§  Collect and register the tenants’ deposit
§  Collect the first month’s rent
§  Subsequent collection of rent and accounting to you

Bronze Service - Introduction Only
Our Introduction Only service is for a landlord that has a wealth of knowledge in letting a property and therefore requires minimal involvement from a managing agent, other than introducing and sourcing a suitable tenant and preparing legal documents.  Please note, if you agree during the application/referencing process to accept bulk rental payment in advance, i.e. 6 months rent in advance, this service will not apply and will automatically default to the Silver Service – Let & Collect.
Setting up fee: £475 including VAT
All prices shown include VAT at 20%
The Bronze Service includes the following:
§  Marketing your property and finding a suitable tenant
§  Negotiate terms between you as a landlord and the prospective tenant
§  Arrange a suitable moving in date for you and the tenant
§  Prepare and execute your new tenancy agreement
§  Collect the tenants’ deposit and then handing over to you to register
§  Collect the first month’s rent and deduct our fees

Bespoke Service
Designed Especially for you - the Landlord
Our Bespoke Service can be tailored to suit each individual landlord to their specific needs and requirements. Contact our Lettings Manager direct to discuss this service in detail.
Additional Services – Fee Schedule
All prices shown include VAT at 20% where possible
Project Management for any major works exceeding £250:
Printed and posted copies of inventory & schedule of condition and Tenancy agreements
18%
£15 per document
 
     
Processing Insurance Claims (Based on value of claim): 18%  
Serving Notices (ie: Sections 8, or 13 or 21): £100  
Providing Documentation to clients solicitors for either    
(1) Possession Order: £48  
(2) Rent Arrears Court Proceedings £48  
Court appearance by Brittons representative (Cost per hour or part thereof): £90  
Court fees for all court proceedings: POA  
Shopping Fee when agent is requested to purchase goods on behalf of client: £42+ cost of goods  
Arranging Annual Gas Safety certificate* (see below): £20+ cost of contractor’s invoice  
Arranging Electrical Test & Inspection* (see below): £20+ cost of contractor’s invoice  
Cost for agent to arrange for cutting extra keys: £12+ cost of keys  
End of Tenancy deposit dispute resolution and arrange submission of report and responding to dispute with TDS* (see below): £100  
Preparation of Final check out report* (see below):
Tenancy Deposit Scheme yearly subscription, including renewal of the tenancy (Let & Collect and Let Only landlords)
Prepare new Tenancy Agreement
Prepare and negotiate tenancy renewal
Prepare Inventory (average 2-3 bedroom property)
Mid-term property inspection and report* (see below)
£100
£95
£150
£75
£125 depending on size of property
£75
 
 
* All included in the Gold Service
Rent Guarantee Service
The most commonly asked question from a new landlord is:
"What happens if the tenants fail to pay their rent?"
Your rental income can be protected with our comprehensive Landlords Rent Guarantee Insurance policies along with your legal fees.
Please enquire for further details and costs (Terms & Conditions apply) 
Contact us here.