LANDLORD INFORMATION
RENT LEVELS AND FEES (INCLUDING VAT):
- For rent up to £799: £550 + VAT (£660 total)
- For rent over £799: £695 + VAT (£834 total)
- Management fee: 12% + VAT (14.4% total)
Services provided:
- Tenant sourcing
- Drafting and preparation of an Assured Shorthold Tenancy (AST) agreement
- Collection of the first month's rent and deposit. Subsequent rent will be paid directly from the tenant to the landlord's bank account.
- Signing tenancy check-in documents on behalf of the landlord with the tenant(s)
- Issuance of landlord statement and documents in PDF format within 14 days of the AST starting
- Full ARLA management service throughout the tenancy term, providing peace of mind to landlords
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FEE STRUCTURE
Please note, payment is due once a tenant successfully completes a tenancy application and an AST contract is signed. This is typically invoiced within 5 days of the tenancy start date, and funds will be automatically deducted from any rent collected on your behalf. If you decide to withdraw after a tenant has been found, the tenancy fee will still be due and invoiced for payment within 7 days. Where possible, our agency will notify you of the service fees by email at least 48 hours before the tenancy is finalised.
The fee will be deducted from your first statement. If you choose to withdraw your property from rental with Bourne & Co Estates Ltd or rent it through another source, this fee will be invoiced and must be paid within 7 days. -
TENANT REFERENCING
As of June 1, 2019, government legislation prohibits charging fees to tenants. Therefore, under the new regulations, tenant referencing will only be carried out at the landlord's request and will be charged to the landlord at a preferential rate of £100 + VAT (20%) per tenancy. While referencing is not required for a tenancy, we highly recommend having it completed.
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ESTATE AGENTS ACT (1979)
To avoid conflicts of interest, the Act requires transparency regarding any relationship between you or anyone related/connected to you and Bourne & Co Estates Ltd, whether through employment or business ties.
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RIGHT TO CANCEL
The right to cancel contracts made away from business premises is governed by Part 3 of the Consumer Contracts (Information, Cancellation, and Additional Charges) Regulations 2013. Contracts that are agreed either off-premises or remotely are subject to a 14-day "cooling-off period." If a contract is made off-site, you have the right to cancel it within 14 days, beginning the day after you agree to the terms and conditions—subject to the conditions outlined below.
To cancel the contract within this period, you must notify Bourne & Co in writing by emailing info@bournenco.com
If you cancel within the 14-day cooling-off period and have not instructed Bourne & Co to begin any services, no fees will be charged, and any payments already made will be fully refunded.
Please note, Bourne & Co will not advertise your property on any platforms or begin any services (such as creating listings, conducting property visits for verification, EPC assessments, or photography) until the 14-day cooling-off period ends, unless you specifically request the services to begin earlier.