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All fees include VAT at 20%
Full Property Management
We offer a comprehensive service which allows landlords to enjoy the fruits of their valuable investment while we look after their property.
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.
Charges
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.
Non Managed (inc VAT)
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.
