Fitzjohn Estate Agents
A helpful guide to letting your home
Preparing your property for a new tenant is usually a busy time. To help your tenancy run smoothly we’ve compiled a list of requirements you’ll need to complete before letting your property to a new tenant. This will ensure you’re complying with legal requirements and help towards providing the best possible rental experience for you and your tenants.
EPC (Energy Performance certificate)
All let properties require an EPC this will be provided to a tenant on the day they move in. If the property doesn’t already have one, you must order an EPC before marketing the property to let. It’s used to show tenants how energy efficient the property is and any improvements that they could make to reduce the cost of running the property. If you fail to provide your tenant with an EPC before they move into the property, it can affect your ability to evict your tenant in the future. We can get this done for you, please ask for further details.
It is the duty of the landlord/Agent to keep their tenants safe and fail to do so can result in fines or even prison. Legally, you’ll need to: Provide the tenant with a valid gas safety certificate, (If gas is connected to the property)
Install and maintain smoke alarms, most have a maximum life span of Ten years, even hard wired alarms. Ensure a qualified electrician has inspected the electrics and a EICR report showing the property to be satisfactory and the house is safe i.e. sockets and light fittings, Install and monitor carbon monoxide detectors in each room where a fuel burning appliance is present. We also recommend a C/O alarm to be left near the boiler.
How to rent guide
It is essential that new tenant’s get a ‘How to rent’ guide, which is produced by the UK Government which provides detailed information on:
- What to look out for before renting
- Living in a rented home
- What happens at the end of a tenancy
- What to do if things go wrong.
Again if you fail to provide a tenant with this, it could affect your ability to evict a tenant should the need arise.
The landlord/agent must put the security deposit into a Government-backed tenancy deposit scheme within 30 days: We are a registered agent with the Deposit Protection service.
Prescribed Information is a specific set of information relating to a tenancy which you're legally obliged to provide to your tenants. You must serve your tenants with the Prescribed Information within 30 days of the agent/landlord receiving the deposit. It is a document which explains where and how the tenant's deposit has been protected and how it will be dealt with when the tenant leaves.
If you are thinking of investing in the property market we would love to help you through this journey
BUY-TO-LET is pretty much as it sounds. You buy a property in order to rent it out to tenants. You should consider the property as a medium to long term investment.
Remember house prices and rental incomes can go up and down. Investors often like property as a more tangible investment to stocks and shares
A rental property can potentially earn a profit in two ways
* Rental yield - What your tenant pays in rent minus any running costs and fees
* Capital growth - The profit you earn if you sell your property for more than what you paid for it.
Speak to Neil on 01733 555520 regarding property sourcing and any other questions you may have regarding investing in Peterborough.
FULLY MANAGED RENTAL SERVICES
* Advertising including City Centre office and internet sites
* Accompanied Viewings
*Prospective tenant referencing including right to rent checks
* Inventory prepared by 3rd party company
* Submit the security deposit to the DPS ( deposit protection services)
* Collection of rent and supply monthly and annual statements
*Regular inspections month 3, 6 and 12 in the first year
* Maintenance response and contacting you before proceeding with work
* Property repossession and insurance claim handling if you hold a Fitzjohn policy
* Delivering notices
*Deposit dispute handling and final inspections
FULLY MANAGED CHARGES
£300.00 set up fee upon move in
12% of the monthly rent PCM
£50.00 contract renewals