Lettings Fees

Please find below the details of our lettings fees.

Tenant Fees

Prior to taking occupancy of your selected property, the below "Move in monies" will be due:


FIRST RENTAL PAYMENT

1 month's rent will need to be paid in advance. Bridge will then pay you first months rental payment on your behalf to ensure a smooth transition.


DEPOSIT

6 weeks' rent – this is your security "damage" deposit. The deposit will be protected in a ring fenced account (MyDeposits) and is not accessible by Bridge or the landlord throughout the tenancy. The deposit is refunded to the tenant(s) at the end of the tenancy subject to an inventory/checkout.


ADMINISTRATION FEE

Bridge’s Admin Fees are £300 + VAT (£360 inc VAT)


REFERENCE FEE

£50 + VAT (£60 inc VAT) per reference. If you do have a Guarantor, they will also need to be referenced – this will be factored into the costing.


CHECK-IN AND CHECKOUT

Bridge will be instructed by the landlord as to what arrangements are to be made for the inventory and check-in. The landlord will be responsible for the cost of the inventory and check-in, and the tenant will be liable for the cost of the inventory check-out. Where Bridge organise an end of tenancy inventory check out inspection a fee of £160 + VAT (£192 inc VAT) will be charged. Where a landlord organises this inspection independently of Bridge, the charge may be greater than this amount.


TENANCY RENEWAL

If you wish for your current tenancy to be renewed, Bridge will make a charge of £200 + VAT (£240 inc VAT) to cover administration and preparation of relevant documentation.


Landlord Fees

Fees for the period of initial tenancy agreement.

Please find the details of our lettings fees below:


LETTING AND MANAGEMENT SERVICE

17% + VAT (20.4% inc VAT)


LETTING SERVICE (INCLUDING RENT COLLECTION)

14% + VAT (16.8% inc VAT)


LETTING SERVICE

11% + VAT (13.2% inc VAT)


RENEWAL FEES

LETTING AND MANAGEMENT SERVICE

12% + VAT (14.4% inc VAT)


LETTING SERVICE (INCLUDING RENT COLLECTION)

10% + VAT (12% inc VAT)


LETTING SERVICE

8% + VAT (9.6% inc VAT)


SCALES OF FEES FOR SHORT TERM LETTINGS

INITIAL TERM OF LESS THAN SIX MONTHS

FEES FOR PERIOD OF INITIAL TENANCY AGREEMENT
(Inc. obligatory Management Service)

20% + VAT (24% inc VAT)


FEES FOR RENEWALS
(Inc. obligatory Management Service)

20% + VAT (24% inc VAT)


EXAMPLE OF FEES

On a 12 month non-managed Letting of £1000 per month our total fees of 11% would be £1320 + VAT (£1584 inc VAT)

On a 12 month managed Letting of £1000 per month our total fees of 17% would be £2040 + VAT (£2718 inc VAT)

On a 18 month non-managed Letting of £1000 per month our total fees of 11% would be £1980 + VAT (£2376 inc VAT)

On a 18 month managed Letting of £1000 per month our total fees of 17% would be £3060 + VAT (£3672 inc VAT)

On a 4 month managed Short Letting of £1000 per month our total fees of 20% would be £800 + VAT (£960 inc VAT)

OTHER FEES

GAS SAFETY CERTIFICATE (GSC)£100 + VAT (£120 inc VAT)

ENERGY PERFORMANCE CERTIFICATE (EPC)£100 + VAT (£120 inc VAT)

PORTABLE APPLIANCE TEST (PAT) - First 10 items£100 + VAT (£120 inc VAT)

DEPOSIT PROTECTION CERTIFICATE (DPC)£50 + VAT (£60 inc VAT)

INVENTORY REPORT - INVENTORY & CHECK-IN£160 + VAT (£192 inc VAT)

TENANCY AGREEMENT (AST)£120 + VAT (£144 inc VAT)