Cambridge letting specialists

This includes:

• Finding a suitable tenant and completing the necessary legal documents.
• Property appraisal and marketing.
• Rent negotiation.
• Preparation of tenancy agreement.
• Obtaining reference from previous UK-based landlord, where appropriate. 
• Credit check of non-student tenants, and guarantors of student tenants. 
• Right to Rent checks. 
• Collection of tenant security deposit and registration with government-backed tenancy deposit scheme.
• Day-to-day managing of the property (taking on the hassle!).
• Obtaining and renewing Electrical Fittings and Appliances Certificates.
• Obtaining and renewing Gas Safety Certificate.
• Collecting the monthly rent due.
• Dealing with day-to-day general repairs and maintenance on your behalf, subject to an agreed limit.
• Arranging for emergency repairs.
• Regular property inspections.
• Pro-active maintenance, thereby protecting your asset.
• Checkout inspection.
• Handling return of deposit to tenants and any correspondence with TDS.
• Preparation of Prescribed Information for registration of deposit.

Family Home:

12% of the monthly rental income.

Letting fee: £120.00 for each new tenancy.

Deposit Registration Fee: £36.00 for each new tenancy.

Preparation of detailed Unfurnished Inventory:

• 1 bedroom property: £96.00
• 2 bedroom property: £108.00
• 3 bedroom property: £126.00
• 4 bedroom property: £150.00
• 5 bedroom property: £186.00

There is an additional cost for furnished property, subject to the extent of the furnishings. 

Processing Tenant Application: £80.00 per adult tenant. 

Shared/Student Home:

14.4% of the monthly rental income.

Letting fee: £120.00 for each new tenancy.

Deposit Registration Fee: £36.00 for each new tenancy.

Combined Fee for Processing Application and Checkout Report:

• 1 bedroom property: £141.00 per tenant
• 2 bedroom property: £119.00 per tenant
• 3 bedroom property: £112.00 per tenant
• 4 bedroom property: £110 per tenant
• 5 bedroom property: £107 per tenant
• 6 bedroom property: £105 per tenant.

Re-letting fee:

Tenancy renewal to existing tenant for the service of arranging a further fixed term, or reviewing and implementing any increase in the rent to an existing tenant: £60.00.

What does the management fee not cover?

• If repairs etc. exceed £750.00, Cambridge Property Lettings applies an additional management charge of 18% of the net cost.
• Cost of any work on the property and appliances.
• Cost of obtaining the gas and electrical appliances certificates.
• Any legal or professional fees incurred with your approval.

This involves finding a suitable tenant and completing the necessary legal documents.

The service includes:

• Property appraisal and marketing
• Rent negotiation
• Obtaining reference from previous UK-based landlord, where appropriate
• Credit check of non-student tenants, and guarantors of student tenants
• Right to Rent checks
• Collection of first month's rent and deposit
• Preparation of Prescribed Information for the deposit
• Registration of deposit with government-approved scheme.

Fees:

• A one-off fee of 60% of the first month's rent, subject to a £600.00 minimum charge to be deducted from the first month's rent.
• Referencing fee: £25.00 per tenant aged over 18, to include guarantor if applicable. 

Cambridge Property Lettings is a part of the Propertymark Client Money Protection Scheme.

NON HOUSING ACT AGREEMENT

Company Application, administration and referencing fee - £420.00 (inc. VAT) this is non returnable.