Landlord Frequently Asked Questions
Several questions are likely to arise in your mind before letting your property. Our aim here will be to answer few of the common questions that landlords have.
The benefit of using services of a letting agent are that you will not have to spend time on tasks that are to be performed for letting a property and managing the same. However, you should ensure that you are hiring the right letting agent by examining things like:
Apart from offering guaranteed rent service, we also offer 3 other letting services to landlords. Irrespective of how much or how little you want to be involved in the process of letting and managing the property, we have a solution that will work for you.
We perform a comprehensive evaluation for your property and during such evaluation we consider it compares with other properties in your locality. In addition to it, we also take into consideration rental market condition to decide about rental value of your property.
We also ensure that rental value for your property does not get over estimated otherwise it can cause extended periods of vacancy. Contact us today for free rental valuation of your property.
It will not be necessary for you to stay during the viewings if you have already provided us the keys.
Our experts will be showing the property to prospective tenants and will be more than happy to answer queries they have. After the viewing is over, we will be providing a feedback for the same to you.
It is important for every landlord to find the right tenant, as such we make proper checks during the application process. This check includes:
In some instance, a standard home insurance will not be enough for different scenarios that may arise when a property is let. As such, it is better to opt for a landlord insurance to get required coverage for your property.
Additionally, it will be necessary to insure your property as well as all the contents that you will be providing such as appliances and furniture. Tenant, on the other hand, will have the responsibility to insure content he or she will be bringing it.
Yes, it will be necessary to get mortgage lender's permission before letting out the property. If the mortgage lender imposes any specific conditions then you will have to let us know about them.
In case, there is buy to let mortgage on the property then you already have permission to let the property.
It is necessary for rental properties in UK to get an Energy Performance Certificate (EPC). EPC remains valid for ten years and you can use it for multiple tenancies.
Legally, the deposit amount is to be registered with any of the three deposit schemes approved by the government after the tenant moves into the property.
Inventory refers to the condition in which property and your content are in at the tenant takes possession of the property. After inventory is created, it must be checked as well as signed by you and the tenant.
We can complete this task as part of our services so that you do not have to handle the complications yourself.
When the tenancy ends, you will have to consider likely deductions from deposit given by the tenant. At this time, fair wear and tear principle is used to judge the amount to be deducted in lieu of the damages.
No, it is not necessary. You will have to decide whether you want to let out the property fully furnished, semi-furnished, or unfurnished.
If you are providing electrical appliances then they must be PAT tested and soft furnishing present inside the property should comply with fire regulations.
It will be tenants responsibility to pay the same and it should be mentioned in the agreement. But, when the property is vacated, it will be your responsibility.
It will be our responsibility to get the rent from tenant if you have opted for fully managed or rent collection service.
Additionally, you will have the assurance of receiving monthly rents when you become one of our guaranteed rent landlords.
If you have further doubts then give us a call and we will do our best to solve all your queries.