Martin Property Management - Letting agents in leamington spa, kenilworth, warwick, coventry and warwickshire

The Professional Letting Agents for Leamington Spa, Kenilworth, Warwick, Coventry & Warwickshire

tel: 01926 748045

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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:

  1. 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.

  2. FREE advice on compliance with the various safety regulations and latest legislation.

  3. 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.

  4. All tenant viewings are accompanied to ensure a consistent, professional presentation of your property. 

  5. Obtaining and evaluating references and credit checks.

  6. Collecting a deposit (bond) and the first months rent payment from the tenant.

  7. Paying the deposit into the Government appointed Deposit Protection Scheme (DPS) within 14 days of receipt as required by the latest tenancy deposit regulations.

  8. Preparing an inventory and schedule of condition.

  9. Checking the tenant into the property and agreeing the inventory.

  10. Preparing a suitable tenancy agreement and associated documentation and arranging signature by the tenant.

  11. Meter readings and transfer of utility bills into new tenants name

  12. 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:

  1. 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.

  2. FREE advice on compliance with the various safety regulations and latest legislation.

  3. 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.

  4. All tenant viewings are accompanied to ensure a consistent, professional presentation of your property. 

  5. Obtaining and evaluating references and credit checks.

  6. Collecting a deposit (bond) and the first months rent payment from the tenant.

  7. Paying the deposit into the Government appointed Deposit Protection Scheme (DPS) within 14 days of receipt as required by the latest tenancy deposit regulations.

  8. Preparing an inventory and schedule of condition.

  9. Checking the tenant into the property and agreeing the inventory.

  10. Preparing a suitable tenancy agreement and associated documentation and arranging signature by the tenant.

  11. Meter readings and transfer of utility bills into new tenants name

  12. Monthly rent collection

  13. Statement and rent payments passed to you (minus our fee).

  14. Keeping you up to date with any new legislation during the period of our service agreement.

  15. Contacting you and tenant near the end of the tenancy and supervising either a continuation, if agreed, or termination of the Tenancy Agreement.

  16. 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.

  17. 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.

  18. 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:

  1. 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.

  2. FREE advice on compliance with the various safety regulations and latest legislation.

  3. 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.

  4. All tenant viewings are accompanied to ensure a consistent, professional presentation of your property. 

  5. Obtaining and evaluating references and credit checks.

  6. Collecting a deposit (bond) and the first months rent payment from the tenant.

  7. Paying the deposit into the Government appointed Deposit Protection Scheme (DPS) within 14 days of receipt as required by the latest tenancy deposit regulations.

  8. Preparing an inventory and schedule of condition.

  9. Checking the tenant into the property and agreeing the inventory.

  10. Preparing a suitable tenancy agreement and associated documentation and arranging signature by the tenant.

  11. Meter readings and transfer of utility bills into new tenants name

  12. Monthly rent collection

  13. Statement and rent payments passed to you (minus our fee).

  14. 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

  15. Keeping you up to date with any new legislation during the period of our service agreement.

  16. Overseas tax paid on behalf of Landlord if applicable

  17. Periodic inspection of the property during the tenancy (usually quarterly).

  18. 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.

  19. Contacting you and tenant near the end of the tenancy and supervising either a continuation, if agreed, or termination of the Tenancy Agreement.

  20. 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.

  21. 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.

  22. 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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