Letting for Landlords

Whether you are first time landlord or an investor with many buy to let properties, we are pleased to be able to offer our services to help rent your home.

Being a landlord can be a daunting task and here at Neil Kaye, we aim to make the process as uncomplicated as possible.

Neil is happy to meet with you at your property (free of charge) to provide advice on a suitable asking rent and advise on any repairs or decoration that would make your property more “let-able” to prospective tenants.

We are pleased to be able to offer two packages to our landlords as follows:-

Tenant-Finder Only Package

£354 (including VAT)
£60 (including VAT) for one tenant + £30 (including VAT) per extra tenant and/or guarantor
(all chargeable from the first month’s rent)

This package includes the following:

  • Provide advice on an appropriate rental value for the Property
  • Listen to and act on your needs as a Landlord
  • Agree with you the price at which the Property is to be marketed
  • Market the Property at that price
  • Take and retain photographs of the Property for the purpose of marketing
  • Accompany all prospective tenants through the Property during viewings
  • Referencing of applicants to ensure their suitability as tenants
  • Taking a Holding Deposit from the applicant equivalent to one week’s rent which will be deducted from the tenant’s payment of the first month’s rent or withheld if the tenant has provided us with any false or misleading information which reasonably affected our decision to let the property to them
  • Provide feedback, on request, as to progress with viewings
  • Bring offers to your attention once they are supported by a signed reference form
  • Assist in the negotiation of terms of the Tenancy Agreement between Landlord and Tenant, where necessary
  • Prepare an Assured Shorthold Tenancy Agreement (where the Tenant is an individual and the net rent does not exceed £25,000 per annum)
  • Collect a security deposit in the sum of the first month’s rent and the first month’s rent from the tenant
  • Remit the balance, net of our commission, to you within 10 working days
  • Facilitate the establishing of a Standing Order mandate for the future payments of Rent by the Tenant, by providing the Tenants with your bank details where we are in possession of them

Full Management Package

£270 (including VAT) initially plus
£60 (including VAT) for one tenant + £30 (including VAT) per extra tenant and/or guarantor.
9% + VAT of the monthly rent thereafter

This package includes all of the ‘Tenant-Finder Package’ features plus the following:

  • Demand and receive rent on your behalf and forward the balance, net of our monthly Management Service commission and any expenses we have incurred on your behalf, to you or your nominee within 10 working days
  • Prepare and submit monthly Statements of Account to your or your nominee
  • Arrange for the inventory to be checked at the termination of the Tenancy and a check-out report to be supplied
  • Inspect the property after the Tenant has been in occupation after 6 months and every 6 months thereafter should the Tenancy continue on a Periodic basis
  • Carry out additional ‘ad-hoc’ inspections at your request, subject to an additional fee
  • Register and pay the security deposit to the Deposit Protection Scheme for the duration of the Tenancy and release these monies only with the consent of both parties following receipt by the parties of the check-out report
  • Deal with day to day management matters including minor repairs, renewals and necessary replacements.  Where these, or any other works, are likely to cost in excess of £120 (including VAT) we will, except in the case of an emergency, obtain and submit to you estimates for the work
  • Take responsibility for the day to day management of the Property including changes of tenancy and commissioning any cleaning and/or repair works arising from the check-out report
  • Take all reasonable steps to inform the relevant Local Authority and utilities companies (water, electricity and gas if applicable) of change(s) in occupation of the Property where we hold the necessary information
  • By appointed in the absence of contrary agreement, for the duration of the tenancy as defined above, subject to the right of either party to terminate on giving one month written notice.  Such termination is without prejudice to the Agent’s right to commission payable for the Introduction Service.”

It is also important that you inform all relevant parties of your intention to let your property including your mortgage lender, insurance company, freeholder/managing company (if the property is leasehold) and it is advisable to speak to your accountant to ensure you are fully aware of any tax implications that may be relevant to you.

If you would like to arrange an informal meeting with Neil at your property or would like a chat about our services, please feel free to contact us on 01482 472900 or click the link to the right for a call back.