Guide to Renting
We have been in property and Lettings for over 20 years and seen many things in that time. Most of which are a result of people or agents cutting corners when it comes to property management.
Everyone loves a deal, but don’t compromise on the quality of the Letting Agent you use. It could easily be a false economy.
To help, we have listed the 10 most important ingredients to a successful let:
Choosing the right Letting Agent
Ensure the Agent is registered with either ARLA or The Property Ombudsman. This ensures not only rigid guidelines, but also compulsory professional indemnity insurance. Avoid the work from home agents or the Estate Agents who have gone into Lettings for cash flow. Often these agencies have neither the experience or knowledge if things go wrong
Cleanliness and good state of repair
The general rule of thumb is to rent the property in a good clean condition. Then you can expect it back the same way.
Ensure the property is legal and you have a current EPC and Gas Safety Certificate (if applicable)
Both of these are legal requirements and copies obtained for the Tenant.
Thorough Referencing of the prospective Tenant
Ensure the Agent completes full references and credit checks.
Comprehensive Tenancy Agreement
Ensure the Letting Agent uses a very comprehensive Tenancy Agreement and it fully covers your position as a Landlord – this is an area which we see so many times where the Agent has an old, off the shelf type tenancy that doesn’t really cover the Landlords position, especially if there are any none standard conditions to the property or the letting agreement.
Ensure There is a Full Property Inventory
The legislation surrounding Tenancy Deposits makes the Inventory probably one of the most essential items in letting the Property. An inventory is the basis of how the Tenant should leave the property at the end of the Tenancy.
Registration of the Deposit
This is a legal requirement. Registration of deposits is with a Government approved scheme and the tenant furnished with a certificate.
Routine Property Visits
Again, essential to ongoing management of the Property & Tenant, we would usually recommend a property visit at least once every 3 months, followed up with documentation, especially if there is any damage or misconduct spotted during the visit.
Issuing of the Correct Notices on the Correct Dates
Should you need possession of the property or to impose a rent increase, then this has to be done correctly and correct notices served. These are date sensitive, so be careful.