Landlord Information

LANDLORD INFORMATION

As the Private Rented Sector has continued to grow in volume, being a landlord has become more laborious and complex. With this in mind, we offer landlords a range of services to help them maintain their property portfolio while remaining on the right side of the law.

Lettings Packages Fees:

Let Only (7.5% inclusive of VAT)

Calculated on the annual rent and payable for the term of the tenancy in advance and any extensions thereafter.

  • Rental valuation and inspection
  • Advice to landlords on furnishing, health & safety and maintenance
  • A full advertising, promoting the property on internal and external website where appropriate
  • Finding a tenant
  • Preparation of the tenancy agreement
  • Collection of initial rent and deposit
  • Tenancy deposit placed with tenancy deposit scheme (TDS)
  • Transfer of contact details between the landlord and tenants

Let only services are suited for landlord who wishes to be involved on a day-to-day management of their property

Full Management (10% inclusive of VAT)

Calculated on the annual rent and payable for the term of the tenancy and any extension thereafter, payable in advance or can be deducted from the rent on a monthly or on a 6-monthly basis.

  • Rental valuation and inspection
  • Advice to landlords on furnishing, health & safety and maintenance
  • A full advertising, promoting the property on internal and external website where appropriate
  • Finding a tenant
  • Intensive referencing
  • Preparation of the tenancy agreement
  • Collection of rent and deposit
  • Tenancy deposit placed with tenancy deposit scheme (TDS)
  • Monthly rent collection along with disbursement to your chosen account via BACS along with statements
  • Hand over keys to tenant & retain management keys
  • Notify relevant utility providers of change of occupancy
  • Arranging routine repairs and maintenance
  • Quarterly inspections to view the interior and exterior of the property
  • Dealing with day-to-day scenarios which may arise during the tenancy
  • Closing inspection and check-out at the end of the tenancy
  • Organising return of deposit, subject to the property being returned in a satisfactory condition

*Full management service is where the landlord does not want the stress of day-to-day management or dealing with tenants – stress free!

Rent Guaranteed

Benefits of rent guaranteed:

  • Guaranteed rent
  • 0% commission
  • No management fee
  • No void periods
  • Top rent paid
  • Rent on time, every time

Rent Guaranteed service provides you with a full management service, allowing you to be free from the day-to-day management responsibilities of your property. This frees you up to give more quality time to concentrate on other aspects of your life, such as work or spending time with family.

Additional Fees (if required)

  • Gas safety certificate: £80.00 Inclusive of VAT
  • Electrical Safety Certificate: £160.00 inclusive of VAT
  • Electrical PAT Certificate: £100.00 Inclusive of VAT
  • Energy performance certificate: £80.00 Inclusive of VAT
  • Court attendance: £500.00 fixed fee Inclusive of VAT
  • Professional inventory/check out: £150.00 Inclusive of VAT
  • Administration of the deposit: Free (£nil)

Deposit Protection

Since April 2007, any deposit taken when a tenant rents a property on an Assured Shorthold Tenancy (AST) has to be lodged with a government approved deposit protection scheme. Urban Homes London usually requests a dilapidation deposit equivalent to six weeks rent from the tenant.

The law requires any deposit taken to be registered by the Landlord or his agent within 30 days of receiving the funds from the tenant and for the necessary prescribed information to be served to the tenant along with a deposit protection. Failure to adhere to this could result in penalties equivalent to three times the value of the deposit and will void any vacate or eviction notices served.

We therefore recommend that you let us handle this procedure as part of our fully managed service and we can register the deposit for you, handle its return and make sure you stay on the right side of the law – our service will be free.

We are member of:

  • Urban Homes London are member of the Tenancy Deposit Scheme (TDS)
  • Urban Homes London are member of the Property Redress Scheme (PRS)
  • Urban Homes London are member of a Client Money Protection scheme and currently hold CMP.