Initially a free market valuation will be undertaken to determine the achievable rent of the property.
Marketing & viewings
Properties are advertised through property portals and websites to ensure maximum visibility. Viewings are accompanied with prospective tenants who meet the criteria necessary, before agreeing to any tenancy terms tenants are subject to vetting via credit reference agencies.
Potential tenants are required to provide a current landlord reference, proof of employment of enetitlement to local housing allowance. Providing the details given are adequate, an assured short-hold tenancy agreement will be negotiated.
Assured Shorthold Tenancy Agreements & utilities
Assured Shorthold Tenancy Agreements are provided to successful applicants for an initial period of six months for tenants to demonstrate their ability to fulfil tenancy obligations. Agreements are granted on receipt of an advanced rental payment and a deposit. The Assured Shorthold Tenancy outlines the particulars of the tenants and managing agents obligations during the term of the tenancy. Tenants will sign a utility confirmation for rates and utilities at the property, each company is then informed of the tenants liability from the date of signing.
The tenancy deposit will be secured within the Deposit Protection Service until the end of the term, providing no issues or arrears are encountered a renewed tenancy can then be renegotiated for a twelve month period. A full property inventory is produced before the tenancy commencement, items listed are checked on quarterly property inspections for any damages/changes to condition to appliances or goods.
Rental payments & invoicing
Rental payments are expected within three days of the same becoming due, all tenants are encouraged to arrange standing orders to avoid delays or late charges. Funds are then transferred to the landlords account with a corresponding invoice each month.