Brix London Fees
At Brix London, our fees reflect the level of support you’d like from us in managing your property and looking after your tenants. Below is a clear overview of the professional services we offer, so you know exactly what to expect and can choose what suits you best.
Lettings
Our service includes marketing your property, arranging viewings, introducing suitable tenants, and managing the tenancy application process. We’ll guide you through each step, keep you up to date with current legislation, and take care of completing the tenancy agreement, so everything runs smoothly from start to finish.
Lettings & property management
This service includes marketing your property, arranging viewings, introducing the right tenant, and taking care of the tenancy application. We’ll guide you through the entire process — from staying compliant with legislation to completing the tenancy agreement. Once your tenants move in, we handle ongoing management of your property and set up the standing order to make sure rent payments reach your account smoothly. You’ll have a dedicated Property Manager looking after every detail and keeping things running efficiently. For a full breakdown of what’s included in our Property Management service and any additional costs, please see our list of managed property services in our terms of business.
Property management only
We handle ongoing management of your property. You’ll have a dedicated Property Manager looking after every detail and keeping things running efficiently. You’ll have a dedicated Property Manager looking after every detail and keeping things running efficiently. For a full breakdown of what’s included in our Property Management service and any additional costs, please see our list of managed property services in our terms of business.
Second home management
Your dedicated Property Manager will carry out bi-weekly inspections to check for any damage or repairs needed, collect post or other items for you, and arrange maintenance or refurbishment while you’re away. We can even stock your fridge and set the heating, so your home is ready for your return. Any maintenance costs are additional to our management fee.
Long let tenancy finding only (For tenancies of six months or more)
6% + VAT (7.2% inc VAT) of the total rent due for duration of tenancy paid monthly in advance by way of standing order.
Long let tenancy inclusive of management (For tenancies of six months or more)
9% + VAT (10.8% inc VAT) of the total rent due for duration of tenancy paid monthly in advance by way of standing order.
Short let tenancy inclusive of management (For tenancies less than six months)
18% + VAT (21.6% inc VAT) of the total rent due for duration of tenancy paid monthly in advance by way of standing order.
Property management only
5% + VAT (6% inc VAT) of the total rent due for duration of tenancy paid monthly in advance by way of standing order.
Second home management
POA. This is a tailored service based on your property’s size and needs.
Other costs & additional charges
Tenancy Administration Fee Contract negotiation, amending,agreeing tenancy terms and arranging the tenancy and tenancy agreement
£210 + VAT (£252 inc VAT)
Compliance and Sanction Check Fee
To comply with anti-money laundering regulations, we carry out a Sanction Check on all landlords (or company directors, where applicable) and tenants. This is included as part of our tenancy setup and compliance administration service.
Cancellation of tenancy Should you decide not to proceed with the tenancy after accepting an offer
£275 + VAT (£330 inc VAT)
Extension of long let and short let agreements Contract negotiation, amending, agreeing tenancy terms and arranging the tenancy agreement/memorandum of the tenancy extension document
£210 + VAT (£252 inc VAT)
Tenancy extension administration fee Contract negotiation, amending, agreeing tenancy terms
£150 + VAT (£180 inc VAT)
Tenant/Applicant References Carried out by an independent referencing agency
£49 + VAT (£58.80 + VAT) per tenant/applicant or Guarantor
Additional property management inspections
£120 + VAT (£144 inc VAT)
Vacant management fee
£175 + VAT (£210 inc VAT) per week until tenanted, paid monthly in advance
Preparing & Serving of Notices
£210 +VAT (£252 inc VAT) Administration fee for the preparation of the notice and the serving of the notice (if the property is not managed by us).
Tenant Check Out Inspection
£40 +VAT (£48.00 inc VAT) administration charge in addition to the inventory clerk’s fee should you want us to also attend.
Attendance at Court or Tribunals:
£60 +VAT (£72 inc VAT) per hour or part thereof for each staff member attending.
Referral to The Dispute Service:
£50 +VAT (£60 inc VAT) per hour, or part thereof, should the deposit be in dispute at the end of a tenancy.
Redirection of Mail
£50 +VAT (£60 inc VAT) administration fee per batch of mail redirected.