When a decision has been made to start marketing your property to let, we would support you through the following steps:
Carrying out a no-obligation realistic market appraisal. Advising you of all relevant Certification & Regulation required to be legally compliant.
Agreeing on a level of service with us, but for a Managed Serice this would include:
Advertising and marketing the property
Interviewing prospective tenants & then allowing you to make a choice between those who put themselves forward. Taking up full references including (but not necessarily limited to) employer, previous landlord, credit & Right to Rent checks. Where necessary, additional security would be requested by means of a guarantor. In the case of a company, a full bank reference would be taken. A 3rd party company may be used to perform the referencing.
Preparing the Tenancy Agreement and various other documentation necessary for the Landlord to gain protection of the relevant Housing Acts. Serving relevant notices and renewing/extending the Agreement where necessary at the end of each fixed Term.
Instructing a professional third party Inventory Company to carry out an independent Start of Tenancy Inventory & Schedule of Condition Report and End of Tenancy Inventory & Schedule of Condition Report, dealing with matters of dilapidations, unfair wear and tear & dealing directly with the tenant on your behalf, in relation to the deposit return through the Deposit Protection Service [DPS]..
Taking a deposit from the tenant and registering it with the relevant Deposit Protection Scheme (we use DPS), which would either be held by the DPS or ourselves depending on the chosen scheme, until the end of the tenancy when the Property and contents will be checked
Informing all utility providers (to include electricity, gas, water & sewerage) of any change of occupants and responsibility at the beginning and end of each tenancy. This would include both meter readings and dates. Local Borough Councils would also be informed of any changes in tenancy for Council Tax purposes.
Collecting the rent (where required) and paying over to the Landlord monthly, less any fees or expenses due or incurred for the period. Payments will be made only by direct bank transfer and a detailed rent statement will be forwarded to the Landlord.
Regular inspections of the Property are carried out one on or near to 4-6 weeks after occupation and triennially thereafter. Responsibility for and management of empty properties is not included, and will only be carried out by special arrangement fee.
Coordination of repair or maintenance including arranging for tradesmen to attend the Property and obtaining estimates where necessary, supervising works and settling accounts from rents received.
Making payments on behalf of the Landlord from rents received for costs in managing the property.