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Landlords

A landlord's step by step guide

Step1

Choose an agent with a local has a proven and successful track record in letting and managing property in that area.

Step2

Decide whether to appoint a “let-only” or a “full let and manage” agent and compare the risks and costs of a let only tenant not paying rent and being able to obtain possession etc.

Step3

Compare initial charges, full management charges, renewal charges and bolt on charges for both landlords and tenants as charges can deter good tenants applying.

Step4

Decide which agent can provide a prompt hands-on local service including inspections and repairs.

Step5

Instruct the afent of the choice who will confirm in writing the terms and conditions and provide a sample tenancy agreement.

Step6

Discussions regarding marketing, rent, brochure with pictures, floor plans, EPC, gas safety certificate, smoke alarms, carbon monoxide monitors, service contracts etc.

Step7

The agent will market the property with boards, brochures on display and for collection by prospective tenants (most lets are to tenants local to the property) local newspaper advertising and media including Rightmove, On the Market and perhaps more importantly local links.

Step8

Accompanied viewings and follow up telephone calls or emails.

Step9

Face to face interview with all interested prospective tenants.

Step10

Analyse information provided by prospective tenants, as necessary make additional enquiries, obtain credit check and prepare assessment of the tenant’s application and report for the landlord.

Step11

Report to the landlord and obtain landlord’s instructions as to which applicant is to be offered the tenancy.

Step12

Inform the applicant of the landlord’s decision and make arrangements with the ingoing tenant to enter into the tenancy agreement having first agreed a tenacy start date.

Step13

Receive from the tenant the completed tenancy agreement and payments, complete the tenancy agreement on behalf of the landloard, make pre-tenancy inspection, notify utility providers and Councul Tax, register the Damage Deposit, make arrangements for keys and confirm in writing.

Step14

Receive rent less agreed charges and statement of account.

Step15

Regular reports and communications re any issues relating to the property or tenant.

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