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Landlord Zone

Part of choosing the right Lettings and Property Management team is about selecting the right company with the right people who are experienced, sales focused, approachable and knowledgeable.  At Humphreys we have spent years building a team that has an excellent reputation and that can deliver on customer service, technical knowledge and the know how to get your property let quickly.

As well as finding you a tenant, we also have a range of property management packages available, depending on how involved you want to be. We can collect the rent on your behalf or fully manage the property and all of your obligations as a landlord. Call us on 01244 402940.

 

Guide to Letting your Property

The thought of letting your property to a perfect stranger may seem daunting with potential nightmares looming. Most of us have heard the stories and may be concerned about the pitfalls, however with the correct advice, preparation and execution the letting could bring a welcome and valuable income stream, with minimal risk.

For peace of mind, there are many insurance products available in today’s market, which subject to the correct letting process can guarantee rental payments, legal expenses, emergency repairs. Other Insurance products include Buildings, Landlords contents and Tenants contents insurance.

All our tenants are professionally referenced by an external referencing agency, which is backed by the insurance company offering Landlord’s protection policies. The Tenant is asked to complete a detailed application form listing addresses and employers details for the last three years. References are sought, checks are carried out including a credit check and a report follows accepting or declining the prospective tenant or seeking further information or a rent guarantor.

As a Landlord there are statutory obligations (compulsory by Law) and contractual obligations, an example of which requires you to provide certain standards of safety and repair at your property. You must be aware and comply with your legal responsibilities for obvious reasons.

The Housing Acts and the widespread introduction of the BUY TO LET mortgage has significantly increased the number of new Landlords entering the market, providing a welcome supply of otherwise unavailable rented housing.

Free No Obligation Consultation

There are many possible reasons for letting your home or a second property and many points of consideration. One of our consultants will gladly arrange a mutually convenient appointment to visit your home, where we can discuss your objectives and offer solutions, in order that you are able to make an informed decision. We offer this free appraisal as a no obligation introduction to our services.

Either click here or call our lettings department to arrange your free no obligation consultation 01244 402940

Considerations Before Letting

Now is the time for you to plan your letting and make ready for occupation. During our visit to your home, your key objectives will be discussed and a suitable agreed marketing plan put in place.

Points to discuss include:

  • The Potential Rental Value and how much should I charge?
  • Who will manage your property…. Agent or you?
  • Smokers/ Non Smokers/ Pets
  • Whether to let furnished or unfurnished
  • Are you up to speed with your Safety, Statutory and Contractual Obligations
  • How long do you wish to let for
  • Have you a detailed Inventory schedule of condition report
  • Are there any repair work and or decorations required prior to letting
  • Is there anything you need to do prior to being able to let my property?
  • All properties now advertised must have a valid EPC certificate
  • Buildings, Contents, Rent Guarantee insurance

Overview of Landlord Legislation

EPC – Energy Performance Certificates

With effect from 1st October 2008 there will be a legal requirement for all landlords to produce an Energy Performance Certificate (EPC) to a new tenant before being allowed to let the property out. Please note this only relates to properties being let on 1st October and thereafter. Once the EPC has been finalised this is then valid for 10 years.

We can arrange for the completion of an EPC at cost price – please contact us for details

Safety Inspections

  • Gas Safety (Installation and Use) Regulations 1998
  • Electrical Equipment (Safety) Regulations 1994
  • Furniture and Furnishings (Fire)(Safety) Regulations 1988

The Gas Safety (Installations and Use) Regulations 1998

These regulations require that any person letting a property must ensure that all gas appliances and flues in the property are maintained in a safe condition so as to prevent risk of injury to any person by ensuring that all such appliances, and flues are checked annually by an approved (Gas Safe) contractor. The legislation also requires that a record of the annual check is given to the tenant before occupation takes place, or in the case where a tenant is already in residence within twenty eight days of that check being carried out. A copy of that record must also be held by the Landlord (or his agent) for at least two years and made available for checking upon request.

Electrical Equipment (Safety) Regulations 1994

There is no statutory obligation on landlords or agents to have professional checks carried out on the electrical system or appliances. However, under the Electrical Equipment (Safety) Regulations 1994, the Plugs and Sockets etc. (Safety) Regulations 1994, both of which come under the Consumer Protection Act 1987, there is an obligation to ensure that all electrical equipment is safe.

We would strongly recommend that any Landlord, regardless of whether they see themselves as running a business or not, should make absolutely sure they are complying with these regulations to ensure that all electrical equipment supplied is safe.

In order to do this we recommend:

  • Inspections on tenant change-overs, recording electrical equipment, its condition and fuses fitted
  • Periodic inspections of electrical equipment by a qualified electrician.
  • 5 yearly inspections by a qualified electrician to ensure safety and that the electrical system complies with current electrical regulations.
  • Keep all records of these inspections

COST – We can arrange an inspection of all gas or electrical appliances at your property by a fully insured Gas Safe or NicEic registered plumbing or electrical engineer – Cost per check: please phone us on 01244 402940 for details