Your there, your property is now rented out!
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Rental Payment, Fees & Charges
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We will look to pay over your first month’s rent, the preferred method would be by bank transfer BACS less our agreed letting fees, commission and any charges and VAT, a statement of account will also be issued to you at this time.
Where the property is under a Fully Managed Service, you will be paid out on a monthly basis after receipt of the rent, provided with a statement and copy of any contractors charges.
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Inspections, Maintenance & Repairs
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Where your property is under our Fully Managed Service, we will look to inspect the property within the first three months of the letting. Thereafter we will inspect the property bi-annually during the continuance of tenancy and report to you its condition, any necessary maintenance or repair issues. In addition we will arrange for any safety compliance checks. Quotations for repairs in most instances will be obtained and agreed with you prior to a suitable contractor being appointed. This may not always be possible in the case of a genuine emergency.
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Rent Reviews & Notices
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Under a Fully Managed Service such matters will be dealt with by us following consultation with you the landlord.
The tenancy includes provision for a rent review to be instigated upon the annual anniversary of the agreement within set parameters whether or not rents have risen in the particular location of your property. Such increases are at your discretion, we will advise you accordingly. Where the rent is increased, a further increase cannot be made within the following 12 months. If you wish to terminate the tenancy, advice will be given by us about serving the requisite notice to quit in line with the legal process and timing requirements.
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Whether under a Let Only, or Fully Managed service.
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The landlord or us as your agent will need to ensure the property is clean and left in a condition to that when the tenancy started (fair wear and tear excepted) before the keys are handed back and formal possession of the property is taken.
Any necessary remedies should be agreed with the tenant and any deductions from the deposit should be documented in writing before releasing of the deposit bond. Where there is a dis-agreement between landlord or agent and the tenant, then the matter will need to be settled by the Dispute Service. If there is no dispute then the tenant’s full deposit should be returned within 10 days of the end of the tenancy. Service meter readings should be taken and the various utility providers and Council Tax authority notified that the tenant has vacated the property. The end of Tenancy Checkout is included as part of our Fully Managed Service.
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Remarketing
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We would be pleased to advise those landlords who have opted for our Let Only service a re-appraisal and rental valuation of their vacant property and agree terms for remarketing to secure a suitable tenant in the shortest possible time, at this point we would update our letting particulars and take new photographs where considered necessary. Remarketing is automatically included under our Fully Managed service.
