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Landlord information » Letting & Management
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Letting and Management Options
We offer three main
letting and management options for landlords in Leamington, Warwick,
Kenilworth and surrounding Warwickshire and Coventry areas. We
believe our services will cover all your requirements but we take
pride in being flexible and can adapt them to suit your specific
needs.
Please click on the three links below for a full description of
each service:
Tenant Finder
Tenant Finder plus
Full Management
Tenant Finder Service:
Our Tenant Finder
service is ideal for experienced landlords that do not mind
dealing with tenants but wish to benefit from our extensive
marketing, credit check process, accompanied viewings and a
professional Inventory. We take care of every aspect of finding
a tenant until they move into your property for one fixed fee.
This service includes:
-
Visiting you at your property, and providing a FREE no
obligation Market Appraisal and any other advice which you may
require about letting your property.
-
FREE advice on compliance with the various safety regulations
and latest legislation.
-
Locating suitable tenants. Initially we will try and match your
property to our database of waiting tenants. Your property will
then be advertised in the local press as well as extensively on
the internet including on: rightmove.co.uk, propertyfinder.com
and on our popular website. We also have excellent contacts with
various company and other establishment personnel departments.
-
All tenant viewings are accompanied to ensure a consistent,
professional presentation of your property.
-
Obtaining and evaluating references and credit checks.
-
Collecting a deposit
(bond) and the first months rent payment from the tenant.
-
Paying the deposit
into the Government appointed Deposit Protection Scheme (DPS)
within 14 days of receipt as required by the latest tenancy
deposit regulations.
-
Preparing an
inventory and schedule of condition.
-
Checking the tenant
into the property and agreeing the inventory.
-
Preparing a suitable tenancy agreement and associated
documentation and arranging signature by the tenant.
-
Meter readings and
transfer of utility bills into new tenants name
-
Liaising with you
and the tenant at the end of the tenancy to arrange return of
the tenants deposit from the DPS. Note: DPS provide a free
arbitration service.
After check-in, the agency has no further involvement with the
tenant during the tenancy.
Managing the tenancy, including
the maintenance and rent collection, will be the responsibility
of the landlord at all times and the tenant will contact the
landlord if they have any issues.
|
Tenant Finder Service |
|
Property Size |
Tenant Finder Fee |
|
Any size
/ type |
Tenancies under an initial term of 12 months = 55% of
the first months rent + VAT *
Tenancies with an initial fixed term of 12 months of more = 80% of the first months rent + VAT * |
*
Subject to a minimum of £325 + VAT.
There is nothing to pay until the tenant moves in and we operate a NO LET
- NO FEE policy.
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Tenant Finder Plus Service:
This popular service
fits neatly between a tenant finder only and fully managed
option. It is perfect for Landlords that live close to their
property and are able to supervise maintenance and repairs, or
have newer properties, that will need little maintenance during
a tenancy. It is also ideal for those that would like us to deal
with issues of rent collection, liaising with the tenant at the
beginning and end of a tenancy and deposit claims etc. The
Tenant Finder Plus has a lower initial finder fee, then a
monthly payment which is lower than the full management fee.
This service includes:
-
Visiting you at your property, and providing a FREE no
obligation Market Appraisal and any other advice which you may
require about letting your property.
-
FREE advice on compliance with the various safety regulations
and latest legislation.
-
Locating suitable tenants. Initially we will try and match your
property to our database of waiting tenants. Your property will
then be advertised in the local press as well as extensively on
the internet including on: rightmove.co.uk, propertyfinder.com
and on our popular website. We also have excellent contacts with
various company and other establishment personnel departments.
-
All tenant viewings
are accompanied to ensure a consistent, professional
presentation of your property.
-
Obtaining and
evaluating references and credit checks.
-
Collecting a deposit
(bond) and the first months rent payment from the tenant.
-
Paying the deposit
into the Government appointed Deposit Protection Scheme (DPS)
within 14 days of receipt as required by the latest tenancy
deposit regulations.
-
Preparing an
inventory and schedule of condition.
-
Checking the tenant
into the property and agreeing the inventory.
-
Preparing a suitable
tenancy agreement and associated documentation and arranging
signature by the tenant.
-
Meter readings and
transfer of utility bills into new tenants name
-
Monthly
rent collection
-
Statement and rent
payments passed to you (minus our fee).
-
Keeping you up to date with any
new legislation during the period of
our service agreement.
-
Contacting you and
tenant near the end of the tenancy and supervising either a
continuation, if agreed, or termination of the Tenancy
Agreement.
-
Checking the tenant
out of the property at the end of the tenancy and check and
agree the Inventory and Schedule of Condition with the tenant.
-
Liaising with you
and the tenant at the end of the tenancy to arrange return of
the tenants deposit from the DPS or payment of any
dilapidations. Note: DPS provide a free arbitration service.
-
In the rare event of
a problem for example with rent arrears, or any other breach of
condition of the agreement, we can take the appropriate initial
action in an effort to remedy the situation (please note rent
arrears and tenant eviction are the landlord's responsibility).
After the tenant is
checked in, managing the non-financial aspects of the tenancy,
including the maintenance is the responsibility of the landlord.
The tenant will contact you if there are any issues with the
property.
|
Tenant Finder Plus Service |
|
Property Size |
Tenant Finder Fee |
Monthly Admin Fee |
|
Any size
/ type |
25% of
the first months rent + VAT |
5% of
the monthly rental + VAT ** |
** The
monthly admin fee is due from second month and is
subject to a minimum of £35 + VAT per month.
The
monthly fee is taken from the tenants rent payment
before passing the balance to the landlord.
There is nothing to pay
until the tenant moves in and we operate a NO LET - NO FEE policy.
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Full Management Service:
This is a
comprehensive service covering all aspects of letting and
managing your property. It is ideal for Landlords that want a
completely stress free letting process and is perfect for those
that do not have the time to deal with issues that may arise
during the tenancy, such as repairs and maintenance. It is also
ideal for landlords that live abroad or some distance from the
property.
The service includes:
-
Visiting you at your property, and providing a FREE no
obligation Market Appraisal and any other advice which you may
require about letting your property.
-
FREE advice on compliance with the various safety regulations
and latest legislation.
-
Locating suitable tenants. Initially we will try and match your
property to our database of waiting tenants. Your property will
then be advertised in the local press as well as extensively on
the internet including on: rightmove.co.uk, propertyfinder.com
and on our popular website. We also have excellent contacts with
various company and other establishment personnel departments.
-
All tenant viewings
are accompanied to ensure a consistent, professional
presentation of your property.
-
Obtaining and
evaluating references and credit checks.
-
Collecting a deposit
(bond) and the first months rent payment from the tenant.
-
Paying the deposit
into the Government appointed Deposit Protection Scheme (DPS)
within 14 days of receipt as required by the latest tenancy
deposit regulations.
-
Preparing an
inventory and schedule of condition.
-
Checking the tenant
into the property and agreeing the inventory.
-
Preparing a suitable
tenancy agreement and associated documentation and arranging
signature by the tenant.
-
Meter readings and
transfer of utility bills into new tenants name
-
Monthly
rent collection
-
Statement and rent
payments passed to you (minus our fee).
-
Notifying you if the
Gas and Electrical Safety checks are due and, if required,
arrange for a contractor to carry them out. Invoicing you for
the contractors work
-
Keeping you up to
date with any new legislation during the period of our service
agreement.
-
Overseas tax paid on
behalf of Landlord if applicable
-
Periodic inspection
of the property during the tenancy (usually quarterly).
-
Arranging any
necessary repairs or maintenance, first liaising with you in the
case of larger works. Small repairs can be paid for with the
rental income, larger bills will be passed directly to you for
payment.
-
Contacting you and
tenant near the end of the tenancy and supervising either a
continuation, if agreed, or termination of the Tenancy
Agreement.
-
Checking the tenant
out of the property at the end of the tenancy and check and
agree the Inventory and Schedule of Condition with the tenant.
-
Liaising with you
and the tenant at the end of the tenancy to arrange return of
the tenants deposit from the DPS or payment of any
dilapidations. Note: DPS provide a free arbitration service.
-
In the rare event of
a problem for example with rent arrears, or any other breach of
condition of the agreement, we can take the appropriate initial
action in an effort to remedy the situation (please note rent
arrears and tenant eviction are the landlord's responsibility).
|
Full Management Service |
|
Property Size |
Set up Fee |
Monthly Management Fee |
|
Any size
/ type |
£125.00 + VAT * |
11% + VAT ** |
* payable at the outset of each new tenancy ** Subject to a minimum of £45
+ VAT
Whilst many letting
agencies charge additional fees for items such as inventories deposit submission etc. - our philosophy is to offer a comprehensive management
service for one fee. Therefore, there
is nothing to pay until the tenant moves in and we operate a NO LET
- NO FEE policy.
The management fee is taken
monthly from the tenants rent payment before passing the balance to the
landlord. The payment stops if the tenant moves out and only starts again
when a new tenant moves in - simple! All you have to do is instruct us to
start advertising the property and we take care of the rest.
Note: all fees and services listed are for a typical Assured
Shorthold Tenancy Agreement and all service and fees are subject to change
at anytime.
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