Why do I need an agent?
Of course there is nothing to stop a Landlord acting without an agent. However, there are many legal requirements that a Landlord has to fulfil, failure to comply with these may result in criminal prosecution. Our staff are trained to understand these requirements and have systems in place to ensure they are complied with. We have facilities to properly vet a potential Tenant, allowing you to make the right choice.
What services do you offer?
We provide a ‘Letting Service’ or a ‘Letting and Property Management’ service. The ‘Letting Service’ is geared towards experienced Landlords who’s day to day business is the management of their portfolio. The majority of our clients choose the ‘Letting and Property Management’ option, as this provides a complete service from start to finish, offering you peace of mind and the satisfaction of knowing that your property is in capable hands. Our comprehensive Tenancy Agreement will make sure that your interests are protected in line with current legislation.
So why indulge in DIY when there are experts who can do it for you?
We will save you time and could even save you money.
How is the rent paid?
Typically a standing order is set up from the tenant’s bank account and the rent will be paid in advance. Our fully computerised systems mean that, once the monies have ‘cleared’ through the banking system, the rent is paid by BACS directly into the
account of your choice. A detailed statement of account is naturally part of our service.
What sort of agreement is used?
There are a number of different types of agreement that should be used depending on the circumstances of the tenants, the Landlord and indeed the property. In the majority of cases it will be what is called an Assured Short-hold Tenancy for a fixed period of at least 6 months.
What happens if the tenant doesn’t pay the rent?
As part of our service we endeavour to ensure that the rent is paid on time. Having carefully selected the tenant in the first place, there’s unlikely to be a problem. However people’s circumstances do sometimes change during a tenancy and if the rent is not paid, we’ll advise you on the appropriate course of action.
What about a deposit?
We ask tenants for a deposit which is usually equal to 1.25 x the monthly rent. It will only be returned when the tenant has given vacant possession of the property and left it in a satisfactory condition, allowing for wear and tear, and complied with his or her responsibilities under the Tenancy Agreement. Tenant’s deposits are now protected and must be registered with a government approved scheme.
What happens when my property is empty?
You must advise your insurance company in accordance with their requirements regarding empty property. Please check your insurance policy for the relevant details.
What are my outgoings?
These will usually include:
• Insurance- Buildings & Contents (as a minimum)
• Repairs to the property and contents unless it is caused by the tenants
• If leasehold- ground rent and service charges
• Managing agents fees
• When the property is empty, utilities and services