Welcome to Cool Cribs Estate Agents London
If you are a tenant looking for that perfect home to rent, we have it. From flats to family homes Cool Cribs Estate Agents covers them all. Most importantly, we are with you throughout your entire lease to make your rental experience pleasant and rewarding.
Our property letting agents are here to help you and we are in a position to help you negotiate the lettings market, whether you are a tenant or a landlord. Cool Cribs letting agents understand the local property market and having helped thousands of tenants and landlords our agents are here to help you.
Renting can be a complex business and that’s why every year many landlords and tenants choose Cool Cribs property letting service because we offer a hassle free route to renting a home.
Summary of fees charged for lettings
Tenancy information
Depending on your circumstances and the property you select, the letting agent may also apply the following fees during the tenancy:
We require a Holding Deposit equal to 1 week’s rent to secure the property. This holding deposit will be used towards the security deposit and rent in advance if the tenancy proceeds.
This property requires a Security Deposit of 5 week’s rent.
New Assured Shorthold Tenancy (AST)
Tenant administration fees are as set out in the Application form. All tenancies exchanged from 1st June 2019 will be in line with tenant fee ban legislation. We do not charge any admin fees.
The following charges are payable or potentially payable by a tenant:
- Holding deposit – A maximum of one week’s rent – Please note that this will be withheld if the tenant or guarantor withdraw from the tenancy, fails a Right to Rent check, provides false or misleading information, unreasonably delays responding to reasonable requests for information or fails to sign the tenancy agreement by the Deadline for Agreement date.
- Security deposit – Five weeks rent, rising to six weeks rent when the annual rent is in excess of £50,000
- Rent and Utility bills – Payable as outlined in the Tenancy Agreement Unpaid rent – Interest at 3% above the Bank of England base rate, as outlined in the Tenancy Agreement
- Lost Keys – Tenants are liable for the cost of replacing any lost keys or security device, including a change of lock or replacement of device if required
- Amendments of Tenancy Agreement at Tenant’s Request – A minimum of £50 per change which could increase depending on the level of work required to carry out the amendment
•Early Surrender of the AST at Tenant’s Request – Should a tenant need to surrender the tenancy early and the Landlord agrees to re-let the property, the liability for the payment of rent will end once a new tenant is found and takes up occupation. However, the tenant will still need to cover the Landlord’s costs in surrendering the tenancy and re-letting the property
Tenant protection:
Coolcribs.co.uk Ltd’ Client Money Protection Scheme is provided by Client Money Protection (CMP) Scheme. This gives our clients peace of mind and financial protection that their money will always be safe in our hands under Client Money Protection (CMP) Scheme.
We do have CMP (Client Money Protection Scheme) – Membership Number: CMP003574 
Client Money Handling Procedures are found here : CMHP
Coolcribs.co.uk Ltd is a member of The Property Ombudsman Redress Scheme and subject to its codes of practice and redress scheme. For further information please contact us. As a member of The Property Ombudsman (TPO) for sales and lettings we subscribe to TPO’s Codes of Practice. This Government approved independent redress scheme gives consumers additional protection beyond that required by law. Our clients have peace of mind that there is free and fair redress available in the unlikely event of an unresolved dispute involving our agency.
The Property Ombudsman Lettings Membership Number: D04174
LANDLORD FEES
Standard fees
Lettings only 5%
– Renewals on 1st 2 years’ 5%
– Continuation period after renewals 3%
Lettings & property management 10%
– Renewals on 1st 2 years’ 10%
– Continuation period after renewals 8%
This is a fixed cost fee that can cover a variety of works depending on the individual circumstances of each tenancy, including but not limited to, negotiating the tenancy, verifying references, undertaking Right to Rent checks and drawing up contracts. This charge is applicable per tenancy. The charge will not exceed this sum unless you request one of the specific additional services or fees set out elsewhere in this document.
Note: This reservation fee will be forfeited in the event that you withdraw or otherwise fail to take up the tenancy by or on the above date.
Failure to provide all required references will constitute the intent to withdraw from the offer.
You must be sure you can afford this property or prepared to pay more deposit or rent in advance (failing to do so of the above will forfeit your holding deposit)
If, however, the Agency or the Landlord decline to grant the tenancy it will be refunded.
For more details and special offers please contact us.
Code Of Practice: Code Of Practice
Please Click Property Search to find a suitable property.