Landlord Fees
*Fully Managed Service*
Tenancy set-up fee - 60% (including VAT) of a full month’s rent
Monthly management charge –14.4% (including VAT)
Inventory cost (per tenancy) - £115.20 (including VAT)
Registration of security deposit - £28.80 (including VAT)
Tenancy renewal fee - 30% (including VAT) of a full month’s rent
*Rent Collection Service*
Tenancy set-up fee - 60% (including VAT) of a full month’s rent
Monthly management charge - 12% (including VAT)
Registration of security deposit - £28.80 (including VAT)
Tenancy renewal fee - 30% (including VAT) of a full month’s rent
*Tenant-Find Service*
Tenancy set-up fee - 90% (including VAT) of a full month’s rent
Registration of security deposit - £28.80 (including VAT)
Tenant Fees
Letter re: breach of tenancy - £20 inc VAT
Late rent charge - From day 8 onwards, a daily charge equivalent to the Bank of England base rate + 3%.
Replacement key(s)/fob(s)/parking permit(s) charge - The actual cost of key(s)/fob(s)/parking permit(s)
Letter re: unreturned key(s)/fob(s) following temporary loan - £15 inc VAT
Missed appointment charge - £50 inc VAT
Call-out as a direct result of tenant action - £40 inc VAT + contractor/tradeperson’s call-out, labour and/or materials charge.
To end fixed-term early and CPS Homes required to find replacement tenant(s) - 60% of a full month’s rent, subject to the agreement of the landlord. This is the equivalent cost a landlord would typically pay for the sourcing and securing of new tenants.
To end fixed-term early and occupants source adequate replacement occupant(s) - £120 up to two occupants, plus £50 for every additional occupant. Subject to the agreement of the landlord.
Last updated at 14/07/2021, 11:23 AM by Gemma
Thank you for your review. We’re sorry that your experience with CPS Homes hasn’t been a positive one. We’ve reached out to you via Trustpilot’s private messaging platform in order to ascertain which property your soon rented through CPS Homes and when, so that we may look into your comments and respond in detail.
Commenting more broadly until we get that information, we do carry out an inspection prior to each tenancy started and, if needed, instruct a local contractor to perform a clean. Cleaning standards are subjective, and cleaning contractors are not against reattending a property if incoming occupants believe further cleaning may be required. Had this been communicated, we or the landlord would have requested that the contractor visit again and act with your son’s direction.
We await further information on the alleged dangerous sockets. In line with legislation, every property’s electrical installation is periodically inspected and tested, and in line with guidance, items such as sockets are inspected visually between tenancies.
We take pride in conducting thorough inspections of our properties prior to each new tenancy. However, some issues may not be immediately apparent during an inspection, particularly if the property is unoccupied at the time. Certain maintenance issues only become evident once the property is in daily use. While we strive to identify and address potential issues proactively, we also rely on feedback from both previous tenants and new occupants to alert us to any concerns that may arise after move-in. We encourage contract-holders to reach out at any time with maintenance requests, and we are always here to address them promptly with their landlord.
Kind regards,
The CPS Homes Team.