Letting your home
1. Rental valuation
We will visit your property, free of charge and assess the appropriate rental value based on condition, location and standard of the property.
2. Marketing your property
Your property will be displayed in the windows of our offices, on our website, Rightmove and On The Market and marketed directly to our extensive mailing list.
3. Tenant references
Prior to considering any offer, we will initiate a full credit check on all potential tenants. We use a reputable credit reference agency that carries out a thorough credit history, bank account and reference checks on all applicants. This is free of charge to all fully managed landlords. The rent is guaranteed by the credit referencing agency for the first six months (the rent guarantee facility is then renewable at the landlord’s discretion). Only those who obtain a satisfactory credit check will be considered suitable applicants for your property.
4. Tenancy agreement
We will prepare a six-month Assured Shorthold Tenancy Agreement which, if not ended, or replaced by a new fixed term tenancy agreement, will give rise to a statutory periodic tenancy. Our agreement has been professionally drafted, and is worded to ensure that the landlord’s interests are protected. The agreement is regularly checked and updated in order to ensure compliance with current Housing Act requirements. The cost of the tenancy agreement is borne by the tenant.
5. Inventory and inspection report
For managed properties, a full inventory and inspection report will be carried out, prior to a tenant taking possession of your property, with notes taken of the condition and decoration of the property. During the tenancy periodic internal inspections will be carried out to monitor the condition of your property. (Outgoing inspections and inventories are inclusive to our managed property service, and are also available to landlords of ‘Let Only’ properties at reasonable rates).
A bond is taken for all properties, which is held in accordance with current regulations. At the end of the tenancy any dilapidations attributable to the tenant will be assessed, and any cost deducted from the bond. For more information see the ‘Tenancy Deposit Protection’ section.
7. Collection and payment of rent
As part of our managed property services, we will collect and process the rent on your behalf. Once the rent has been cleared through our bank account we will credit the Landlord by bank transfer, less our commission (plus VAT) and any authorized expenditure.
8. Record of payment
A statement will be sent to you each month showing all rents received and any deductions made.
9. Maintenance and repairs
We can arrange for repairs to be carried out by our qualified contractors on your behalf. We will deduct the cost from the monthly rent.
10. Rent guarantee insurance
Through our credit check service we provide a rent guarantee insurance policy for all fully managed properties. The initial 6 months is provided free of charge to the Landlord, subject to tenants being successfully referenced. The scheme covers up to 6 months of lost rental income (excluding the first month and related legal expenses). Landlords will be given the option to purchase additional cover after the initial 6 months.