Information for Landlords
Whether an investment or your own home, when you let a property you want to know that it is in safe hands. Finding quality tenants is important but good management is essential. Efficient administration and prompt response to problems will ensure that the tenancy runs as smoothly as possible and make sure that you achieve maximum revenue and protect your valuable asset. We at Jayson Russell pride ourselves on looking after your house or flat as if it were our own.
The Jayson Russell service is not just about letting your property. With our expertise in the property rental market, we can offer you advice on range of issues, including whether to rent furnished or unfurnished, inclusions and exclusions for your tenancy agreement, your legal obligations as a landlord, security, insurance for your property and more. We can also offer expert advice for potential “buy to let” investors, whilst our Residential Sales department can help you find the right property to ensure maximum return on your investment.
LETTING TIPS
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Letting your property can be highly profitable; but it is also important to do it correctly to ensure that you protect your investment. Whether you are a novice or an established landlord, Jayson Russell are here to remove the burden of letting your property and to make the whole process as stress free as possible.
Rental Valuation Jayson Russell appreciate that your property is an investment as well as a source of income for Landlords, which is why our experienced and dedicated staff are here to ensure that we achieve the best rental price for your property.
Our valuation is based on basic knowledge such as:
- Location
- Features & Condition
- Types of Tenants
- Current Market Conditions
- It is importnant to remember that asking a higher rent than normal can mean that your property is vacant for longer period of time. Which means the property will not be earning its full potential hence Loss of Rent!
Which Letting Scheme? Jayson Russell understands that every Landlord’s needs are different and individual, therefore we have tailored various Letting Schemes to meet all requirements…………. So Take Your Pick:
Letting Only Option Advising on a Rental Valuation Marketing the Property Arranging for Suitable Tenant(s) to View the Property Advising on Furnishing and Related Matters Obtaining References Negotiating the Terms Preparing a Tenancy Agreement Taking a Deposit and First Month’s Rent Preparing a Statement of Account.
Leting and Rent Collection Option Demanding and Collecting Rent Accounting To the Landlord Arranging for Rent to Be Paid into Your Bank/Building Society or Forward a Cheque Non UK Landlords - Administering Retention of Monies Held By Us Against Tax Liabilities as Required by the Inland Revenue Management Scheme
Full Management Option Dealing With necessary Repairs and Estimates Remitting Bills on The Landlord’s Behalf Making Inspections During the Tenancy Organising Transfer of Utilities and Council Tax (where applicable) Into Tenant(s) Name(s) Liasing With Landlords and Reporting on All Matters Dealing With Day to Day Correspondence with the Tenant(s) Administering any Maintenance Contracts on the Landlord’s Behalf Arranging for Annual Gas Safety Certificates Negotiating Tenancy Renewals/Leasing Scheme
Maintenance/Safety Whether requiring a Letting only service, Rent Collection or Full Management Service, Landlords have the responsibility for the safety of both the Tenant and their own property during the tenancy. The following regulations must be adhered to without fail by the Landlord and as Agents we must ensure that they are carried out.
Fire and Furnishings (Safety) Regulations 1988 (1993): All soft furnishings such as settees, sofa, beds, padded chairs, pillows cushions and so on must comply with the Fire Resistance requirements contained within the regulations.
Items of furniture made prior to 1950 are termed as “antiques” and as such are excluded from the regulations.
Usually a label is attached to the item of furniture to confirm it is acceptable. We will at all times check your furniture and advise you according to the best of our ability.
Gas Safety (Installations and Use) Regulations 1994 (1996): A qualified Engineer (CORGI or British Gas) must also check all gas appliances and installations within the accommodation on an annual basis.
This includes such items as Gas Fires, Central Heating boilers, Gas cookers and other gas appliances. The Regulation also insists that flues and chimneys are clear of obstructions and situated in the correct place.
The engineer must issue a Certificate and a copy must be presented to the Tenant at the start of any tenancy.
Any items that fail to comply with the regulations must be fixed or removed immediately.
The Electrical Equipment (Safety) Regulations 1994: These regulations require that all Electrical equipment left at the property to be "safe and of no risk or injury to human or animal".
Electrical equipment should be checked to ensure that flexes, fuses and electrical output are safe and approved. Items that must comply including all portable electrical items such as electric cooker, fridges, washing machines, kettles, toasters, etc.
As agents we cannot guarantee which items are safe or not and will recommend that a qualified electrician checks these items (a charge will be made), although this can be carried out by your own electrician. |