THE LETTINGS PROCESS
1. Have A Valuation
When choosing which estate agent you would like to let your property, one of the most important questions is this: 'Which estate agent will get me the best results?'
2. Costs Involved?
When letting a property there are lots of fees that you will need to take into consideration, such as, Letting agent’s fees; Mortgage interest (if you opt for a full repayment mortgage); Redecorating; Landlord's insurance; Annual safety checks (on the boiler, etc.); Rent insurance (designed to protect you for untenanted periods or against having tenants in arrears); General building maintenance; costs involved if a tenant goes into arrears and any other costs associated with letting a property.
3. Get an EPC
It is a legal requirement that all properties in England and Wales are marketed with an Energy Performance Certificate (EPC) which gives your property an energy efficiency rating. Please see the separate leaflet which gives you information/advice regarding the EPC.
4. Put the property on the rental market.
Ensure you get your property just right for letting, please see the separate leaflet ‘Preparing for a Tenant’ for tips and advice.
5. Online Marketing
Most tenants start their search for a new property online, we make sure you’re property has a presence on Rightmove; On the Market.com and on our own website, we also ensure we have social media covered by sharing your property on our Facebook and Twitter profiles.
We will conduct all viewings where appropriate and any feedback from each viewing will be passed onto you.
7. Accepting a tenant
We will notify you of any applications submitted by telephone and in writing. Things to take into account when considering to accept an applicant are can the tenants afford the property? Will they pay the rent? Will they look after the property? We will conduct thorough credit search and references for each applicant through a third party company so you can have peace of mind that the right tenant has been found for you. Once we have the final reports from the searches carried out on each applicant, these will be posted to you so you can make an informed decision on whether to accept the tenant
When we have your decision to accept the applicants we will arrange for a comprehensive inventory to be carried out at the property prior to a tenant signing (If you have taken this option) and we will arrange a date for the tenant to move into the property
9. Tenant Signing
On the day the tenant signs the tenancy agreement and all other associated paperwork, we will also collect the deposit and first month’s rent. The tenant will also receive a copy of the inventory (if applicable) and a set of keys to the property. We will provide you with copy documents, including the signed tenancy agreement, and deduct our fees and any charges due from the first month’s rental payment before paying over the balance to you.