The Sunday Times
Tuesday June 18, 2019

CGT Lettings, Cheltenham, GL50

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CGT Lettings (formally Cheltenham Residential Lettings) started life in October 1987 and moved to 119 Promenade in 1996 which is now the business flagship office. The Company was formed by David Baldwin who is a director along with Paula Baldwin. The centralised Accounts Department, is based on the top floor of the Cheltenham office. The area of Cheltenham is 45.51 km² and the population is 110,000. Cheltenham is famous for its many festivals such as Cricket, Music, Gold Cup and Literary and now we can add Science, Folk, Jazz and Cheese. The Literary Festival has recently celebrated its 40th year. The Gold Cup which was first run in 1924 is the most prestigious steeplechase in the UK and the Cricket Festival is the oldest in the world. Cheltenham came top in a recent survey to place the country’s 1,833 postcode areas in order of desirability beating Mayfair, Chelsea and Kensington. It showed that we had excellent schools both state and private, medical facilities and accessibility to road and rail links as well as superb shopping facilities.

 

If your tenancy starts or started after 1st June 2019.

 

New assured shorthold tenancies (ASTs) tenant fees

 

Holding Deposit: One weeks 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 a Right-to-Rent check, provide materially significant 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)

 

Unpaid Rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.

 

Lost Key(s) or other Security Device(s): Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of 15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

 

Variation of Contract 50 (inc. VAT) per agreed variation. (To cover the costs associated with taking landlords instructions as well as the preparation and execution of new legal documents)

 

Change of Sharer 50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. (To cover the costs associated with taking landlords instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

 

Early Termination: Should the tenant wish to leave their contract early, they shall be liable to the landlords 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.

 

Client Money Protection (cmp): Propertymark

 

Redress scheme: The Property Ombudsman

CGT Lettings (formally Cheltenham Residential Lettings) started life in October 1987 and moved to 119 Promenade in 1996 which is now the business flagship office. The Company was formed by David Baldwin who is a director along with Paula Baldwin. The centralised Accounts Department, is based on the top floor of the Cheltenham office. The area of Cheltenham is 45.51 km² and the population is 110,000. Cheltenham is famous for its many festivals such as Cricket, Music, Gold Cup and Literary and now we can add Science, Folk, Jazz and Cheese. The Literary Festival has recently celebrated its 40th year. The Gold Cup which was first run in 1924 is the most prestigious steeplechase in the UK and the Cricket Festival is the oldest in the world. Cheltenham came top in a recent survey to place the country’s 1,833 postcode areas in order of desirability beating Mayfair, Chelsea and Kensington. It showed that we had excellent schools both state and private, medical facilities and accessibility to road and rail links as well as superb shopping facilities.

 

If your tenancy starts or started after 1st June 2019.

 

New assured shorthold tenancies (ASTs) tenant fees

 

Holding Deposit: One weeks 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 a Right-to-Rent check, provide materially significant 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)

 

Unpaid Rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.

 

Lost Key(s) or other Security Device(s): Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of 15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).

 

Variation of Contract 50 (inc. VAT) per agreed variation. (To cover the costs associated with taking landlords instructions as well as the preparation and execution of new legal documents)

 

Change of Sharer 50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. (To cover the costs associated with taking landlords instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

 

Early Termination: Should the tenant wish to leave their contract early, they shall be liable to the landlords 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.

 

Client Money Protection (cmp): Propertymark

 

Redress scheme: The Property Ombudsman

Properties Number of properties Avg. asking price Avg. listing age
Residential for sale 3 £171,667 8 weeks
Residential to rent 45 £910 pcm 5 weeks

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