2beds Apartment For RentFor Sale

Docklands Estates are proud to present this spacious two double bedroom property located in Cable Street E1. The property consists of large front and rear area, spacious reception, two double bedrooms, fully fitted kitchen and bathroom all compromised with modern interior design. The property is located only a 5 min walk away from Shadwell Overground station and near local shops and amenities.

Docklands Estates (Wapping) Ltd
tenant charges fees – assured shorthold tenancy (AST)
before you move in
• holding deposit Equivalent to one week’s rent.
• security deposit
Equivalent to five weeks rent (six weeks if annual rent is
over £50,000.00).
• first month’s rent In advance
during your tenancy
• change varaiation of
contract fee (Tenant request) £75.00
• early release fee (Tenant request)
A charge not exceeding the landlords’ costs in re-letting
the property, including all rent due under the tenancy until
the replacement tenancy.
Other fees and charges
• late payment of rent
Interest will be charged at 3% above the Bank of England
base rate for any rent that remains unpaid for 14 days or
more.
• key(S) fob replacement Equivalent to the costs incurred with the replacement.
Tenant fees for non -ASTs
before you move in
• holding deposit Equivalent to two week’s rent.
• contract setup fee £275.00
• reference fee £60.00 (per person, guarantor, company)
• deposit Equivalent to six weeks’ rent (unless otherwise agreed).
During your tenancy
• change of sharer
£450.00 (during fixed term) £150.00 (at renewal of fixed
term)
• early release fee £350.00
• renewal fee
£175.00 (Negotiating and drafting addendum to the fixed
term)
other fees and charges
• late payment of rent
Interest will be charged at 3% above the Bank of England
base rate for any rent that remains unpaid for 14 days or
more.
• arrears letter £25.00 per letter
• key(S) fob replacement Equivalent to the costs incurred with the replacement.
• professional cleaning
Equivalent to the cleaning company charge. Levied when
property is not returned in the same condition as it was at
the commencement.
Please speak to a member of our lettings team if have any questions on any the above.
Docklands Estates (Wapping) Ltd is a member of the
Property Redress Scheme and has Client Money
protection with UKALA.

Docklands Estates (Wapping) Ltd
landlord fees
let only service: 12% (10% plus VAT)
For example: If the tenancy is 12 months and the rent is £1,000 per month, the fee
calculated shall be 12% of the annual rent, so the fee will be £1,440. Minimum
commission charge is £1,500 (inc. VAT).
This commission will be charged in advance on an annual basis for the whole
time the tenant stays in the property.
For example: If the tenancy continues for a second year or any subsequent year, the
commission will be charged on the annual rent for that year. If there has been an
increase in rent, for example to £1,200 per month, the fee calculated shall be 12% of
the annual rent so the fee will be £1,728 (inc. VAT).

Rent collection service: 14.4% (12 % plus VAT)
For example: If the tenancy is 12 months and the rent is £1,000 per month, the fee
calculated shall be 14.4% of the annual rent, so the fee will be £1,728 (inc. VAT).
Minimum commission charge is £1,500 (inc. VAT).
This commission will be charged in advance on an annual basis for the whole
time the tenant stays in the property.
For example: If the tenancy continues for a second year or any subsequent year, the
commission will be charged on the annual rent for that year. If there has been an
increase in rent, for example to £1,200 per month, the fee calculated shall be 14.4%
of the annual rent so the fee will be £2,073.36 (inc. VAT).

Full management service: 18% (15% plus VAT)
For example: If the tenancy is 12 months and the rent is £1,000 per month, the fee
calculated shall be 18% of the annual rent, so the fee will be £2,160 (inc. VAT).
Minimum commission charge is £1,500 (inc. VAT).
This commission will be charged in advance on an annual basis for the whole
time the tenant stays in the property.
For example: If the tenancy continues for a second year or any subsequent year, the
commission will be charged on the annual rent for that year. If there has been an
increase in rent, for example to £1,200 per month, the fee calculated shall be 18% of
the annual rent so the fee will be £2,592 (inc. VAT).

Short term let 30% (25% plus VAT)

landlord charges
tenancy agreement fee: £300 (£250 plus VAT)
insurance claims: £120.00 (£100 plus VAT)per hour
reference fee: £60 (£50 plus VAT)
serving A notice: £120 (£100. Plus VAT)
deposit registration fee: £120.00 (£100 plus VAT)
key cutting service: £20.00 plus cost of keys
inventory check out: £60 (£50. Plus VAT) plus the
inventory charge based on the size of the property.
Deposit transfer: £120 (£100 plus VAT) for the transfer of a deposit to another party during the tenancy.
Attending court: £180 (£150 plus VAT) per hour
senior management: £300 (£250 plus VAT) per hour
Director deposit disputes:£120.00 (£100 plus VAT) per hour to respond to deposit disputes
certificates complaince checks: £30 (£25 plus VAT) arrangement fee plus the cost of the certificate or check
additonal property visits: £48 (£40 plus VAT) per visit or per hour to allow access for a contractor to carry out works
licensing £360.00 (£300 plus VAT) plus the local authority licence fee
sale of property to tenants: 2.4% (2% plus VAT) of agreed sale price (see terms for full details)

Please refer to our Terms and Conditions for a full breakdown of our fees. If you require any further
information please ask a member of our lettings team.

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