At Bourne & Co, we believe in being clear, fair, and transparent from the outset. Below is a full breakdown of our landlord fees, inclusive of VAT, together with a clear explanation of what is included.

Unless otherwise stated, the fees below apply per property.

Setup Fee

£660 including VAT for properties with a monthly rent up to £799

£834 including VAT for properties with a monthly rent of £800 or above

This is a one off setup fee charged when a new tenancy is successfully secured for the property. It covers the work involved in preparing the property for let, sourcing a tenant, progressing the tenancy, and putting the required documentation in place at the start of the tenancy.

Management Fee

12% including VAT

This is our full management fee, charged monthly based on the rent due for the property.

What’s Included

Our fully managed service is designed to give landlords peace of mind throughout the tenancy. This includes:

• Tenant sourcing
• Advice on the appropriate market rent
• Marketing the property and arranging viewings
• Negotiating terms with prospective tenants
• Tenant referencing
• Drafting and preparation of an Assured Shorthold Tenancy agreement
• Collection of the first month’s rent and tenancy deposit
• Registration of the tenancy deposit in a government approved scheme
• Right to Rent checks in line with current legal requirements
• Signing tenancy check in documentation on behalf of the landlord with the tenant or tenants
• Issuance of landlord statements and PDF documentation within 14 days of the tenancy starting
• Full Goodlord management service throughout the tenancy term
• Acting as the main point of contact for the tenant
• Management of tenant queries and day to day tenancy issues
• Rent monitoring and arrears communication
• Routine inspections
• Repairs, maintenance coordination, and contractor liaison
• Check out process and deposit negotiation at the end of the tenancy

Rent Collection and Statements

We collect the first month’s rent and tenancy deposit at the start of the tenancy.

Where rent passes through our management process, landlord statements and supporting documents will be issued in PDF format. Any fees or authorised costs due to us may be deducted in accordance with our Terms of Business.

Compliance and Legal Responsibilities

We will assist you with the practical management of your tenancy and help organise compliance documentation where instructed. However, ultimate legal responsibility for the property and its ongoing compliance remains with the landlord at all times.

This includes, but is not limited to:

• Gas Safety compliance
• Electrical Safety compliance
• Energy Performance Certificate requirements
• Minimum Energy Efficiency Standards
• Right to Rent compliance where applicable

Additional Services

The following services are available where required:

• Energy Performance Certificate, £149 including VAT
• Electrical Installation Condition Report, £249 including VAT
• Gas Safety Certificate, £149 including VAT
• Tenancy renewal or rent adjustment, £149 including VAT
• Additional inspection, £99 including VAT per inspection

Maintenance and Repairs

We can arrange repairs and maintenance on your behalf using trusted contractors.

A 12% including VAT administration charge applies to the net contractor invoice for works arranged or overseen by us.

Emergency works may be instructed immediately where necessary to protect the property, the tenant, or legal compliance. Non emergency works may be authorised up to the agreed limit set out within our Terms of Business.

Legal Instruction Charge

£1,995 including VAT

This charge applies where we are required to instruct legal representatives in relation to possession proceedings or during an eviction process. It covers our time, administration, and professional oversight in instructing and liaising with the appointed lawyers.

This fee does not include court fees, enforcement fees, solicitor’s fees, counsel’s fees, or any other third party disbursements, which remain payable separately by the landlord unless covered under a relevant protection policy.

Rent and Legal Protection

This is an optional additional service for landlords who want extra protection.

£35 including VAT per month

Subject to policy terms, this may include rent protection, legal expenses cover, eviction support, and assistance with rent arrears recovery.

Important Information

All fees shown above are inclusive of VAT.

Each fee is described clearly so landlords can understand the service being provided and the purpose of the charge.

If a service is arranged through a third party contractor, the relevant third party cost will be confirmed where applicable.

If you have any questions at all, we are always happy to talk things through and make sure everything is clear before you proceed.