Lettings

Information for Landlords

The Letting Process

Contacting Cubes Residential - Telephone, email or come in for a chat
Valuation
Terms of Business & Instruction - Take photographs of the property and marketing the property online
Mandatory Property Certificate - EICR, Gas Certificate and EPC
Viewings - Make arrangements for showing the property to prospective tenants
Place an offer - An offer comes through on your property
Holding Deposit - A holding deposit (1 week of the annual rent) will be required to secure the property
References - We will proceed with taking up references of your chosen applicant
Tenancy Agreement - Payments are made by tenant and contracts are signed
Signing Tenancy Agreements - Provided that the references are of satisfaction to the landlord

Fees for Landlords

Lettings

Let Only - 10% + VAT of annual rent

Let + Managed - 14% + VAT of annual rent.

Sales – Our commission for sole-agency is 1.25% + VAT and 2% + VAT for a multi-agency.

Inventory reports

This service is provided by a third party so a quotation will be raised on request.

Information for Tenants

The Renting Process

Contacting Cubes Residential - Telephone, email or come in for a chat
Viewings - Choose within your selected area we shall make appointments to suit you
Place an offer - On your desired property
Holding Deposit - A holding deposit (1 week of the annual rent) will be required to secure the property
References - We will proceed with the taking up of your references
Tenancy Agreement - Payments are made and contracts are signed
Completion - Taking possession of your new home

Fees for Tenants

Holding Deposit (per tenancy) - One week's rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail to Right-to-Rent check, provide materially significantly false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

Security Deposit (per tenancy. Rent under £50,000 per year) - Five weeks' rent. This covers damages or defaults on the part of the tenant during the tenancy.

Security Deposit (per tenancy. Rent of £50,000 or over per year) - Six weeks' rent. This covers damages or defaults on the part of the tenant during the tenancy.

Variation of Contract (Tenant’s Request) - A Fee of £50.00 may be charged if there’s a variation in order to cover the costs associated with taking the landlord’s instructions as well as the preparation and execution of new legal documents.

Early Termination (Tenant’s Request) – Should the Tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

Loss of keys – The Tenants are responsible to cover the cost of lost keys or the cost of installation of new lock in case keys are not returned after tenancy ends.

Cubes Residential Ltd are a member of The Property Ombudsman redress scheme. Membership Number - D04343

Cubes Residential Ltd are a member of the Client Money Protection scheme supplied by MoneyShield the certificate and rules can be found in the footer. Scheme Reference Number - 58241190

Cubes Residential Ltd are a member of the Client Deposit Scheme supplied by the Deposit Protection Service. Agent ID - 1130283