- Rental Valuation & Inspection
- Advice to landlords on furnishings, health and safety issues and any maintenance recommendations.
- Advertising & Marketing your property on our State of the Art website, UK’s leading property portals, emailing and SMS message details to all potential applicants along with newspaper advertising where appropriate.
- We accompany all viewings wherever possible.
- Extensive referencing of tenants who wish to rent your property.
- Preparation of the tenancy agreement/s.
- Collection of initial rent and deposit.
- Setting up standing order mandate for future rent subject to tenancy commencing.
- Renewal of tenancy as and when applicable (subject to terms and conditions).
The majority of our landlords choose to have their properties ‘managed’. Our staff have many years’ experience in property management and will look after your property throughout the tenancy to ensure that your investment is well maintained.
Our full management scheme offers a vast array of services that will vary from landlord to landlord and from property to property but typically includes:
The complete service includes (all the above) plus:
- Dealing with day to day tenant problems that may arise.
- Coordination of any repair works.
- Redecoration or refurbishment.
- Transfer of utility accounts, electric, gas, council tax and water.
- Closing inspection and check out at end of tenancy.
- Organising return of deposit subject to the property being returned in a satisfactory condition.
- Look to find suitable new tenants prior to expiry of the existing tenancy.
We have a team of trusted and qualified tradesmen who can be instantly called upon to resolve problems quickly and for the minimum of expense.
Under the terms of the tenancy agreement, the tenant is required to return the property and contents at the end of the tenancy in the same condition as they were at the commencement, fair wear and tear accepted. It is almost impossible to ascertain whether damage was caused during a tenancy without a proper inventory signed by all relevant parties.
If instructed we will arrange a professional inventory and check in on your behalf, the cost of which is borne by the landlord. The tenants are responsible for paying for the check out.
As the landlord you are still responsible for the payment of service charges and ground rent in leasehold properties and buildings insurance on Freehold properties.
However, the overseas landlord can apply to the Inland Revenue for exemption from this requirement. Provided the landlords tax history is good and tax affairs are up to date, the overseas landlord will be issued with a certificate that will be sent to his rent receiving agent. This will authorise the agent to pay the rent to you with no tax deducted.
We can provide you with an NRL1 form which you must complete and send to the Inland Revenue. Neither your rent receiving agent nor your tax advisor can file this application for you – it must be done by you.
Failure to return this form in time may result in the exemption certificate not being issued before the payments become due. We would have no alternative but to make the required tax deduction before paying the rents to you.
Our company are not tax advisers so if you are unsure as to how the above will affect you, you would be advised to speak to an accountant or professional tax advisor.
Any Non-resident Landlord Tax payments deducted by us, in the first quarter can be refunded, if the exemption certificate is in our possession before the first quarter has ended. Any deductions after the first quarter can only be reclaimed after the first year has ended. Any refunds due after the first quarter are made by the Inland Revenue.
Most tenancies are drawn up for a period of twelve months, some have break clauses. A break clause allows either party to terminate the agreement with two months’ notice after an initial period of four months the notice may be served. We will be happy to discuss the pros and cons of different time periods with you.
The relationship between Landlord and Tenant can sometimes have its “ups” and “downs” and the need for a professional agent is paramount in closing any divide to allow for a smooth and enjoyable property experience for all parties concerned, whether you are a Landlord or Tenant you are best advised to conclude your property transaction via a reputable agent.
Tenancy law is now far better regulated than ever before with balanced rights for all parties, tenants holding deposit held in Approved Scheme and are returned at the end of the tenancy subject to the property being returned in the manner it was taken and subject to there being no outstanding bills relating to utilities etc. The lettings market has grown immensely due to the increasing Buy to let market and with an increase to new build added to the marketplace the level of quality has improved greatly.