| Preparing your
property for letting
It is imperative that when you present your property for letting,
you think carefully about the decoration, the fixtures and the
fittings. The condition of the property is more often than not
the deciding factor for potential tenants. If you present your
property well, you will often achieve a higher level of rent and
it will normally let easily.
We highlight some of the most important presentation points
below.
Entrance Hall/Communal entrances
Where possible you should try and ensure that the entrance hall
to the building (where applicable) and the entrance hall within
your property are neutrally painted, clean and free from clutter.
First impressions always count.
General decoration
Fresh decoration in light colours such as cream or off white always
impresses potential tenants.
High quality flooring
If you opt for carpets, these should be a neutral colour such
as beige or biscuit and they should be clean and free from stains
and marks of any kind. It is worth investing in a quality carpet
that will last rather than a cheap carpet that may need replacing
quickly. Wooden floors are always popular with tenants too.
Curtains and blinds
These should fit the windows properly and again be free from any
stains or marks. Make sure that the type of window dressing suits
the window for example blinds are better in kitchens and bathrooms
than curtains. These should also be of a neutral colour and again,
it is worth investing in quality.
Kitchen
This should be clean and bright with good washable flooring, like
tiles. All appliances should remain where possible. You would
be advised to provide a washing machine, a fridge/freezer and
a cooker (or oven and hob depending on the design of the kitchen)
and a dishwasher where space permits. The appliances should all
be in full working order. Make sure your cupboard doors and drawers
are fitted properly and any little jobs like dripping taps and
loose handles are attended to.
Bathroom
Ideally with a white suite, the bathroom should also be spotlessly
clean and bright with washable flooring, like tiles or good quality
linoleum. Some form of shower is imperative whether you chose
a power shower or electric shower. Make sure where possible that
grouting and bath sealants are made good and/or are clean.
Storage space
Some say you can never have too much. So if you have any built
in cupboards or loft space at the property make sure that any
old clutter has been discarded and be prepared to buy wardrobes
for any bedrooms that don’t have any cupboard space already.
Heating
An efficient central heating system is important. If the property
has electric storage heating ensure that all the heaters work.
Similarly if you have minimal heating, it would be wise to invest
in a heating system.
Light fittings
Bare light bulbs don’t create the right look so make sure
that light fittings throughout are modern and practical. Remember
light fittings in bathrooms need to be covered and these can be
bought easily from DIY shops.
Exterior
Any outside space you may be lucky enough to have should be clean
and well presented. Decks, patios and paths should be cleaned
and moss free and gardens free from weeds. It is a good idea that
whilst a garden should look colourful and lush, it should be as
easy to maintain as possible.
Furnished or Unfurnished
There is generally no difference between the rental achieved for
a property whether it is furnished or unfurnished.
Unfurnished is normally defined as being fully carpeted (or with
wooden floors), fully curtained and with white good provided in
the kitchen.
Furnished is normally defined as being a property ready for someone
to move into. The furniture needs to be good quality and the property
should be uncluttered.
It is a good idea to offer your property unfurnished to start
off with and when the right tenant comes along, buy furniture
to meet the requirements. You don’t want to be in a position
where you have spent money on buying a property full of furniture
if the demand at that time is for unfurnished. Our advice is to
be as flexible as you can.
General housekeeping
It is a good idea to keep the property as clean as possible during
the viewing stages. On vacant properties, don’t allow junk
mail to pile up inside the front door and try and keep the property
aired, dusted and vacuumed to create that important first impression.
Safety Regulations
You are obliged as a landlord to ensure that the property is
safe for any prospective tenant prior to their occupation. The
regulations detailed below outline your responsibilities as a
landlord and should be complied with.
The furniture and furnishings regulations (fire) (safety)
regulations 1988 (as amended)
This covers soft furnishings such as mattresses, padded headboards,
bed bases, sofas, armchairs, chairs, cushions etc.
It is an offence to supply these items in the course of business
unless it complies with the regulations.
The only exemption to the rule is any furniture that was manufactured
before 1950 and any furniture in a property which the landlord
regards as his home which is let on a one off short term basis
(for example a six month let whilst the landlord is away on business)
Usually any furniture manufactured after 1990 will comply but
you will need to check every item of to make sure it does have
a label which proves its compliance. If in doubt, take
it out.
The gas safety (installation and use) regulations 1998
Any person letting their property must ensure that all gas appliances
or installation pipework in that property is maintained in a safe
condition to prevent the risk of injury. All such appliances and
pipework MUST be checked annually by an approved CORGI registered
contractor and a gas safety record obtained.
The landlords must keep the records for two years and Burghleys
MUST be in possession of a copy before we can allow a tenancy
to commence.
BEWARE! If found guilty of non compliance the
landlord will have a criminal record and face a fine, imprisonment
or both. Should a tenant die as a result of non compliance
with the aforementioned Safety Regulations, the charge would be
manslaughter.
Electrical Equipment (safety) regulations 1994
It is a criminal offence to supply unsafe electrical equipment
in rented accommodation. The regulations apply to portable domestic
equipment such as heaters, lamps, televisions, radios, vacuums,
irons, toasters and the main kitchen appliances.
Whilst there is no mandatory requirement to undergo regular testing,
a constant duty of care remains. If any appliance supplied by
the landlord causes any injury to a tenant, the landlord could
be sued for damages.
Building Regulations (smoke alarm) 1991
The above regulations make it mandatory to fit mains powered smoke
alarms in new residential buildings – one on each floor.
Whilst it is not a requirement in older properties it is recommended
to install smoke alarms in all instances.
Landlord and Tenant Act 1985 Section 11
This part of the act states that landlords are obliged to keep
the property in a good state of repair. Under this act landlords
are responsible for the repair of the structure and exterior of
the property together with the installations for the supply of
gas, electricity and water and for sanitation.
Energy Performance Certificate (EPC)
It is a legal requirement that all rented properties must have an EPC,
A certificate that provides the energy rating of a property which indicates
the energy efficiency of a home. This must be provided before the property
is placed on the market.
Inventories
We strongly advise all our clients to have a detailed inventory
prepared and checked for every tenancy.
The purpose of checking an inventory is to establish damages which
can only be done if descriptions and conditioning remarks are
sufficiently detailed. Under the terms of the tenancy agreement,
the tenant is required to return the property and contents at
the end of the tenancy in the same condition as they were at the
commencement, fair wear and tear accepted.
Be aware that you will not be able to deduct money for damages
from the tenants deposit at the end of the tenancy unless there
is a professional inventory in place.
If instructed we will arrange a professional inventory and check
in on your behalf, the cost of which is borne by the landlord.
The tenants are responsible for paying for the check out.
Consent to Let
If the landlord has a mortgage, it is normal for mortgagees to
require notification of any proposed lettings and the landlord
should seek their initial consent. In the case of leasehold premises
the consent of the Head Lessee of Freeholder will be required.
The landlord should also advise his insurance company of the proposal
to let the property as this could either invalidate the insurance
altogether or increase the premiums. You should obtain written
documentation of these consents prior to letting.
Utilities
The tenant will be responsible for the payment of gas, electricity,
water, telephone, council tax and television licence. (Unless
otherwise agreed and stated)
As the landlord you are still responsible for the payment of service
charges and ground rent in leasehold properties and buildings
insurance on Freehold properties.
Tax
Under the Taxation of income from Land (non residents) Regulations
1995, the rent receiving agent ( or where there is no agent, the
tenant) will be required to deduct an amount equivalent to Basic
Rate Tax from the rent (after taking deductible expenses paid
by the agent into account) and pay the balance to the Inland Revenue
each quarter.
However, the overseas landlord can apply to the Inland Revenue
for exemption from this requirement. Provided the landlords tax
history is good and tax affairs are up to date, the overseas landlord
will be issued with a certificate that will be sent to his rent
receiving agent. This will authorise the agent to pay the rent
to you with no tax deducted.
We can provide you with an NRL1 form which you must complete and
send to the Inland Revenue. Neither your rent receiving agent
nor your tax advisor can file this application for you - it must
be done by you.
Failure to return this form in time may result in the exemption
certificate not being issued before the payments become due. We
would have no alternative but to make the required tax deduction
before paying the rents to you.
Burghleys are not tax advisers so if you are unsure as to how
the above will affect you, you would be advised to speak to an
accountant or professional tax adviser.
Any Non resident Landlord Tax payments deducted by, Burghleys,
in the first quarter can be refunded, if the exemption certificate
is in our possession before the first quarter has ended. Any deductions
after the first quarter can only be reclaimed after the first
year has ended. Any refunds due after the first quarter are made
by the Inland Revenue.
Tenancy agreements
Most tenancies are classed as Assured Shorthold Tenancies. Under
the Housing Act 1998 (as amended 1996) landlords have more rights
to possession than with tenancies commencing prior to the Acts
and procedures for possession are now quicker and simpler (provided
the process is carried out correctly)
There is no minimum period for an Assured Shorthold tenancy; however,
we recommend that the agreement is for no less than six months.
Most tenancies are drawn up for a period of twelve months, some
have break clauses. A break clause allows either party to terminate
the agreement with two months notice after an initial period of
four months. We will be happy to discuss the pros and cons of
different time periods with you.
Legal matters
Our staff has been trained on the various legal aspects of letting
including safety regulations, tenancy agreements and clauses,
possession and have vast practical experience. They will be happy
to discuss any questions you may have regarding more detailed
legal matters.
Let only, Rent Processing or Management
So now your property has been prepared for letting and you know
what your legal responsibilities are, you need to know what you
want the agent to do for you.
If you haven’t already got one, we can provide you a copy
of our Terms of Business which explains in full the services we
provide and the costs involved.
In short:
Let only
This means that the agent will extensively advertise the property
for Let, accompany viewings, negotiate offers, reference potential
tenants, draw up tenancy agreements, arrange for all parties to
sign the tenancy agreements and release keys.
Under this service, the landlord is responsible for maintenance
issues and the collection of rent. Burghleys will have no responsibility
to the landlord for these issues under this service.
Full Management
This means that the agent will carry out its responsibilities as for Let Only,
but also deal with the collection and processing of the tenants rent and deal
with ongoing day to day maintenance issues, serve appropriate notices and
administer the deposit return at the end of the tenancy.
We will also inform our approved insurers of your let and they
will offer you an insurance policy which covers the landlord against
loss of rent and legal expenses* which ever service you chose.
They also offer a range of other property related insurance products.
* Terms and conditions apply
So why choose Burghleys to let your
property?
Transparency Guaranteed
We promise to be transparent at all times with both you and your
prospective tenants. We pride ourselves on our ethical approach,
professionalism and honest approach to agency-a rarity if recent
press and media reports are to be believed!
Experience-second to none
The resident lettings partner has over 15 years experience in
dealing with all types of residential lettings, form studio accommodation
to grand country houses. His knowledge of the practical aspects
of lettings is second to none-his knowledge extending to legal
matters and issues both pre and post let. Always giving best advise,
and on hand six days a week the working partner and his team promise
a highly efficient and professional service at all times.
Advertising
Most enquiries received come from customers searching the world
wide web. All of our properties are therefore placed on our dedicated
website: www.burghleys.com and they also appear prominently on
many of the major property related portals.
We regularly advertise in the local press, and we will always
consider regional and national advertising where appropriate.
SMS text messaging and email service
The partners have always been at the forefront where new property
related technology is concerned. As such, SMS text messaging and
email are standard advertising tools used by the Company. We will
continue to embrace all new information technology where it is
believed it will benefit its clients.
Good old fashioned agency
Quite simply there is no substitute for good old fashioned practice.
Even with the latest IT, once you instruct us, we get on and just
do that! We will instantly contact all suitable and waiting tenants
thus ensuring no time is wasted in securing you a let as soon
as possible.
Preferred Timing
Getting and letting may be the buzz phrase for many estate
agents, but not us! We recognise that landlords have their own
timetables they wish or need to work to. With this in mind, we
will always give best advice with regard timing, but stand back
allowing the landlord to dictate the pace!
Tailor made service
We realise that every landlord has different requirements and
may demand different things from their agent. That is why we are
always happy to discuss our services in more detail and accommodate
where we can in arranging a service that suits you.
Accounts and Maintenance under one roof!
Big organisation, lots of different departments in different offices.
This one deals with this-this one deals with that! That simple
job just does not get done….so who suffers?
To ensure continuity with your property both pre and post let,
all management and accounting issues are dealt with within the
confines of our office! We will deal with everything-you will
not be directed to another office or department.
We're Open!
We are open until 7pm Monday to Friday, 6pm on Fridays and 4pm on Saturdays.
We look forward to being of assistance to you.
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