How much rent can my property achieve?
We will conduct a free no obligation market appraisal at your property to give you an accurate and achievable rental figure, we will use comparable properties and local property reports to demonstrate the current local market.
What do I need to do to ensure my property is ready for the rental market?
We will advise you on what safety requirements your property must have upon our initial visit. The main documents your property will need are; an Energy Performance Certificate, a Gas Safe Certificate if applicable, a portable appliance electrical test if applicable and any soft furnishings must have a fire safety tag attached. As an advisory we do recommend a Carbon Monoxide Alarm is fitted at properties with gas. We can arrange any of these documents on your behalf.
How quickly can we market our property?
As soon as you formally instruct us to let your property we will take full colour marketing photographs and organise any documents that are required. We will then immediately market your property with the details appearing on the many online mediums within 24 hours, this includes websites such as Rightmove and Zoopla.
Would you recommend a lettings board to be put the property?
We would highly recommend a board be erected as soon as possible, as this method is a very effective marketing tool.
Do you take a deposit?
We always take deposits on a property and the amount will depend on the landlords and the tenant's circumstances. As from 6th April 2007, deposits for all assured Shorthold Tenancies in England and Wales must now be protected with an authorised scheme. We use the Deposit Protection Service, more information about this can be found on their website www.depositprotection.com.
Do we need an inventory?
Due to the changes in deposit legislation it has become vital that all landlords have a full Inventory and Schedule of Condition to document the condition of their property. We will organise a full inventory to be carried out at your property. For every change of tenant we will conduct an inventory update to ensure your inventory reflects the property condition. We will also ensure that whilst carrying out the inventory that meter readings are taken and utility providers are informed of the new occupier.
Do I need insurance?
The landlord will need to ensure there is adequate insurance cover in respect of buildings and contents and including but not limited to Occupiers Liability Insurance. The landlord will need to ensure that the insurer is aware that the property is available for let. Not notifying your insurer will invalidate your insurance. Please consult your current policy to ensure you comply.
I am an overseas landlord; does this affect my rental income?
The Taxation of Income from Land (Non-Residents) Regulations 1995 (Finance Act 1995) states that if a landlord is considered non-resident for tax purposes then he is still liable to pay UK income tax arising from rents received in this country. Unless any overseas landlord can provide us with "approval" from the Inland Revenue we are obliged as agents to deduct tax at the appropriate rate from rents received and account to the Inland Revenue on a quarterly basis. Landlords are responsible to gain "Approval" from the Inland Revenue. Please ask our lettings staff for more details or to obtain an NRL1 form. We highly recommend landlords obtain independent tax advice relating to letting property.