| Landlord fees | Fees or Charges (inclusive of vat unless otherwise stated) |
|---|---|
| Lettings Service Fee Including marketing, using portals and newspaper advertising, accompanied viewings and offer negotiations | 4 weeks rent. If your weekly rent is £250, your 4 weeks rent would amount to £1000.00 |
| Discounted Letting Service Fee | 2 weeks rent. If your weekly rent is £250, your 2 weeks rent would amount to £500.00 |
| Tenancy Set Up Including producing the tenancy agreement, completion of paperwork, tenant referencing, registration of tenant’s deposit and arranging pre-let works | 5% of the annual rent payable |
| Rent Collection Including rent collection, arrears collection, accounting & renewal negotiation. Subject to a minimum fee of £60 per month where the rent is lower than or equal to £700 per month | 8% of rent payable |
| Full Management Including property maintenance, property visit, service of notices, deposit negotiation together with all services
applicable under rent collection. Subject to a minimum fee of £80 per month where the rent is lower than or equal to £700 per month Extension Set Up Production of extension tenancy agreement |
12% of rent payable £150.00 |
| Management Takeover Setup Fee Instruction of another agent during sole agency period – Administration Fee |
£150.00 £250.00 |
| Withdrawal from a tenancy having instructed Brick square Ltd to proceed – Administration Fee | £300.00 |
| Paper copies of statements of account Tax retention and completion of documentation for HMRC |
£3.00 per month £30 per quarter |
| Administration Fee for the provision of NRL gross annual income and expenditure statement to HMRC Provision of a statement showing gross income and expenditure for the year |
£50.00 £50.00 |
| Negotiations of deductions from deposit or flatbond (not fully managed) Deposit scheme of flatfair dispute submission (where fully managed but expressly instructed not to conduct an inventory) |
£250.00 £300.00 |
| Attendance at court/tribunal | £100 day/part thereof |
| Service of notices Administration Fee (Section 8 or 21) included for full management service | £150.00 |
| Change of Sharer Fee | £120.00 |
| Extra property visit | £32.00 |
| Wait at property for landlord appointed contractor appointment | £60 per hour/part thereof |
| Key Cutting Administration Charge | £20.00 |
| Payment to a bank account held outside of the United Kingdom Licensing Application Fee Where a landlord requires a HMO, Additional or Selective Licence for the property (N.B. This is an application service only and does not result in brick square becoming the licence holder for the property). |
£50 per payment made £200.00.00 |
| Rent Confirmation for Mortgage Provider Letter Fee Gas Safety Administration Fee - Arrangement of gas safety certificate where one is not provided at the commencement of the tenancy – Administration Fee |
£50.00 £40.00 |
| Rent Administration Fee Where a landlord chooses to terminate our service, but rental payments continue to be made to Brick Square - Administration Fee (the landlord is responsible for informing all parties that rent should be directed to new agent). | £50 per payment made |
| Rent and Legal Protection Inventory Fee (subject to property size and furnishings) |
3.98% of rent payable inc IPT up to £400 inc vat |
| Tenants costs of moving and renting | Fees or Charges (inclusive of vat unless otherwise stated) |
|---|---|
| Holding deposit In order to reserve the property | 1 weeks rent |
| The Rent As agreed for the property and specified in the tenancy agreement Security deposit or flatfair Membership Fee Where a tenant opts to use the security deposit replacement scheme Change of Tenancy Fee Redrafting tenancy agreement referencing new tenant(s) re-registering the deposit and producing prescribed information notice |
Subject to agreement 5 weeks rent One Week’s Rent plus vat (subject to a minimum fee of £162.00) £50.00 |
| Early Release Charge If a tenant wishes to end their tenancy outside of the agreed terms, they are required to cover the loss incurred by the landlord as a result of the early termination Late Payment of Rent Fee Where a rental payment is significantly delayed a fee will be applied |
Landlord costs of re-marketing and setting up a new
tenancy Either the Landlord Letting Service Fee or
Discounted Letting Service Fee and the Tenancy
Set-Up Fee as listed above
Interest of 3% above the Bank of England base rate on balance due each day. |
| Key Replacement Fee Where a tenant requires a replacement key or security device for their property | Up to £30 per key |