Lettings
Property
Management Guide
Bad Property Management Agents will cost
you money. Again, we’ve seen it all!
* Incorrect tenancy agreements
* No inventories
* Failure to comply with legislation
* Ignoring tenant requests
* Not collecting or chasing rent
* Not paying rent to Landlords
* Deduction of unauthorised payments from rent
...and much, much more
Anything familiar here? if so
you need to speak to us.
Property Management Agents will offer
a broad range of services. Our Property Management Guide helps
you to evaluate the standards of service provided by your
professional agent.
Property Management – Our Top Tips
Tenancy Referencing
– All professional lets should be referenced through
reputable credit reference agencies?
Tenancy
Agreement – Have you seen a copy? Does
it comply with your requirements and the latest legislation?
Will the tenancy agreement allow you to action legally enforceable
provisions?
Inventory
– All properties should be let with a detailed property
inventory covering all aspects of the condition, fixture &
fittings and with photographic back up.
Section
21 & 48 Notices Served – ensure
all appropriate notices are served at the correct time and
documented accordingly
Tenant
Induction – induct the tenant by means
of a complete home demonstration. This will eliminate unnecessary
call outs, costs and tenancy non-compliance
Tenancy
Administration – all utilities, including
water, council tax, gas, electricity and telephone should
be transferred to the tenant on completion
Mandatory
Regulations, Taxation and Insurance –
If you don’t know – get advice
Property
Inspections –
It is recommended property is inspected every 6 months during
a tenancy to appraise tenancy compliance and the condition
of the property
Rental
Collection –
make sure rent is paid each time, on time, if not chase it
continually. A late payment can soon become ‘bad arrears’
Repairs
– if using an agent, agree a maximum spend budget. Beware
of excessive work completed by ‘in-house’ maintenance
teams.
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