We do not make a charge for setting up a Managed Property Tenancy(fee for letting only £250) and our ongoing management 10%* of the rent collected. There is also a commission
fee of 5% for Letting with Rent Collection only service.The
balance being paid to your designated bank account.We will make a charge for any overseas telephone call we make to non UK Resident Landlords.
* 12.5% if we are providing rental guarantee cover.
There
are no other standard fees or charges, no up front charges -
nothing to pay (Subject to conditions) until a tenant moves
in and starts paying rent. None of our charges are subject
to VAT( with the VAT increase it means we are even cheaper than the Rest ) .
Mortgage
If
your property is mortgaged, you should obtain your mortgagee's
written consent to the letting. They may require additional
clauses in the tenancy agreement of which you must inform us.
Leaseholds
If
you are a leaseholder, you should check the term as of your
lease and obtain the necessary written consent before letting.
Sub-Letting
If
you are a tenant yourself, you will require your landlord's
consent.
Insurance
Investing in property is risky enough without the added anguish of personal liability and a volatile rental income.You
should ensure that you have suitably specialised cover (including Property Owners Public Liability) for the letting
under both your building and contents insurance as 'Owner Occupier policies are not adequate. Failure
to inform your insurers may invalidate your policies. We would strongly recommend you take out Landlord's building and contents insurance. Endsleigh, for instance, have drawn together their established expertise alongside the needs of landlords to create an exclusive insurance policy.They offer a monthly premium option. for an Endsleigh Landlords Insurance Quotation.
Bills
and Regular Outgoings
We
recommend that you arrange for regular outgoings e.g. mortgage,
service charges, maintenance contracts etc. to be paid by standing
order or direct debit. However where we are managing the property,
by prior written agreement we may make payment of certain bills
on your behalf, provided such bills are received in your name
at our office and that sufficient funds are held to your credit.
Council
Tax
Council
Tax is the responsibility of the occupier. You should inform
your local collection office that you are leaving the property.
During vacant periods the charge reverts to the owner. When
unoccupied but furnished the charge is 50% of the normal rate.
When unoccupied but 'substantially' unfurnished there is no
charge for the first six months and thereafter a charge of 50%
of the normal rate.
The
Inventory
It
is most important that a detailed inventory of the contents
and schedule of condition be prepared, in order to avoid misunderstanding
or dispute at the end of the tenancy. Without such safeguards
it will be impossible for the landlord to prove any loss, damage
or significant deterioration of the property or contents. In
order to provide a complete service to the landlord, we will,
if requested, arrange for a independent firm to prepare an inventory
and schedule of condition at no extra charge.
With
our expertise and flexible approach we can offer a tailor made
service for all your requirements. We can be contacted either
by clicking on the CONTACT US page or by telephone.
