Letting Your Home
At RM English we try to make the process of letting your property as smooth and hassle free as possible. Below is a brief guide on the process:
Valuation
We will visit your property, free of charge and assess the appropriate rental value based on condition, location and standard of the property
Marketing your property
Your property will be displayed in the windows of our offices, on our website, Rightmove and On The Market and marketed on our social media outlets.
Tenant references
We will initiate a full credit check on all potential tenants who we have agreed to proceed with following a discussion with yourself upon receipt of an application. We use a reputable credit reference agency that carries out a thorough credit history, bank account and reference checks on all applicants. Only those who obtain a satisfactory credit check will be considered suitable applicants for your property.
Tenancy agreement
We will prepare a six or twelve 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.
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. An initial inspection 3 months from the start of the tenancy will be carried out, followed by bi-annual inspections thereafter.
Deposit
A deposit 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 deposit. The deposit will equate to no more than 5 weeks’ worth of rent which falls in line with current regulations. We use the TDS scheme to protect the deposits.
Payment & collection 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 authorised expenditure.
Record of payment
A statement will be sent to you each month showing all rents received and any deductions made. In an effort to be more green this will be via email unless specially agreed.
Maintenance and repairs
We can arrange for repairs to be carried out by qualified contractors on your behalf. We will deduct the cost from the monthly rent.
