As your letting agents, we can help to ensure all finances relating to your property are in order. Below is a summary of the financial aspects of being a landlord which you will need to consider and the services we offer to help you.
We will provide you with a monthly account statement, detailing your transactions with us and keeping you up to date.
We can also provide advice and information on:
Income Tax: income from rentals is taxable and we can explain the steps that you need to take to pay the appropriate sum or to receive an exemption if appropriate.
Insurance: as a landlord, you will require buildings and contents insurance. We can explain the differences between insurance for leasehold and freehold properties, and provide you with free no-obligation quotations. We can also supply Rent Guarantee insurance as part of your rental package, which will enable you to continue to receive an income even if your tenants default on rent payments.
Mortgages: we offer free, in-house mortgage advice, allowing you to get the best deal, whether you are buying a property to let or re-mortgaging an existing investment.
Rent Arrears– If your tenant falls behind with there rent it is essential that the Landlord is aware of their rights and manage the situation lawfully and effectively, we can help with all aspects of the arrears process and below is a helpful video to help you deal with avoiding rent arrears
We take property legislationseriously. To this end, we are members of ARLA, the NAEA and the TDS, and are regulated by the Ombudsman of Estate Agents. This means that we are up to date with all the latest requirements, such as:
Furniture: did you know that furniture in rental accommodation needs to conform to certain standards? All upholstered items should comply with the Furniture & Furnishings (Fire) (Safety) Regulations 1988. So, how will you know if it does? Suitable furniture will be labelled with a fire safety tag, so you know that it isn’t a fire hazard.
Gas and Electricity: landlords are legally obliged to conduct a gas safety check annually and to obtain a certificate to prove this (for properties with gas). We also expect our landlords to conduct annual electrical checks, landlords have a duty of care to make sure that the property and everything provided is safe to use. We can arrange both in house
Smoke Alarms and Carbon Monoxide Detectors: All rental properties must have functioning smoke alarms on each floor. Furthermore, gas properties must have carbon monoxide detectors installed.