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So as to assist prospective tenants and landlords we have included a list of questions we are frequently asked.
What is the difference between full management service and introductory only?
With our Full Management Service we
undertake to deal with all matters during the course of the tenancy,
the initial advertising, arranging viewings, vetting prospective
tenants, preparing tenancy documents, preparation of inventories, the
collection of monthly rentals and electronically crediting to a
designated bank account. Inspection visits are carried out on a
periodic basis and a final inspection is carried out on vacation of a
property to determine the return of the holding deposit paid by the
tenant at the beginning of a tenancy.
Our Introductory Service includes the initial services outlined above
up until the signing of tenancy documents and collection of the
deposit and the first months rent. All matters relating to a tenancy
thereafter and the collection of monthly rents will be the
responsibility of the landlord.
What is an assured Shorthold tenancy?
Created by the Housing Act 1988 and in operation since
January 1989, latterly revised by the Housing Act 1996. All
residential premises are let on Assured Shorthold Tenancies unless
otherwise stated. An Assured Shorthold must be for a fixed term
usually being a minimum of six months. At the end of a fixed term and
unless a further period is agreed by both parties, an Assured Shorthold
Tenancy automatically becomes a Statutory Periodic Tenancy still
subject to the terms and conditions contained within the original
lease.
In order to end a tenancy the landlord/agent must serve the tenant
with a Notice of Repossession at least two months before it is to take
effect. A tenant may give one months notice in writing. Notice would
not be valid if the expiry date falls before the end of a fixed term.
Who is responsible for council tax, water rates and other utilities?
A tenant becomes liable for payment of council tax, water
rates (unless otherwise stated) gas and electricity supplies. Upon
signing a tenancy agreement we inform all the utility companies and
provide meter readings.
What referencing and credit checking facilities are available?
We employ the services of a credit agency.
Who prepares the inventory and when?
An inventory is prepared by a member of our staff prior to a
tenant taking occupation detailing the contents/decoration and
condition.
What does the term furnished, part furnished & unfurnished mean?
a) Furnished generally means when the property offers the
basic essential items to include soft furnishings and white goods to
the kitchen. However, items such as crockery, cutlery, bed linen etc
are not normally included.
b) Part furnished is as above (a) without soft furnishings to all
rooms, one bed or chair/sofa would be considered as part furnished..
c) Unfurnished as (b) without any furnishings, white goods optional.
Am I liable to pay tax on my rental income received?
Rental income is subject to taxation. Whilst we are able to
give an overview of any tax implications we do however recommend that
you seek the advice of an accountant.
What is the legislation regarding furnishings?
It is an offence to supply soft furnishings which do not meet
fire resistance standards and do not carry permanent labels to that
effect. Soft furnishings includes mattresses, divan bases, upholstered
sofas/chairs and cushions. Curtains and carpets are not included
within the regulations. Furniture with upholstery manufactured prior
to 1950 are exempt.
Who is responsible for maintaining the up keep of fixtures, fittings?
It is the landlord's responsibility to maintain/repair
applicable contents, fixtures, fittings, appliances and the general
structure/condition of the property itself.
What is the current legislation regarding gas and electrical appliances?
Current regulations state that it is a legal requirement that
all gas appliances, pipe work and flues should be checked for safety
at intervals of no more than twelve months. These checks must be
carried out by a Corgi registered engineer and an appropriate Safety
Certificate must be given to the tenant. It is also a legal
requirement that the agent must hold for their records a copy of a
valid certificate. Premier Lettings employ the services of several qualified contractors and can arrange safety checking on your behalf.
Electrical safety regulations state that it is an offence to supply
electrical equipment that is not safe. Broadly speaking "safe" means
that there is no risk of injury to people or domestic animals or
damage to property. There are no specific requirements however, we
recommended that all electrical appliances and household wiring be
checked prior to a property being let for the first time and
thereafter at intervals of no more than five years.
What is Portable Appliance Testing (PAT) and does it apply to my property?
Whilst electrical appliances are not currently specifically
governed by statutory regulations, the Health & Safety Executive
require all electrical appliances provided by Landlords (for the use
of tenants) to be subjected to a Portable Appliance Test (PAT). In a
similar way to Gas Safety certification, this is an annual test, which
assesses the safety and electrical integrity of each appliance. We
can provide this service by a registered PAT electrician for a
discounted price. Please contact us for further information. We
strongly recommend that you to obtain full information on all of the
above from the Health & Safety Executive.
Do I need consent from my bank/building society to let my property?
Under the terms of your mortgage you maybe required to seek
their consent prior to letting your property. Banks/building societies
have different criteria and, therefore, it is advisable to check with
them.
Insurance
We offer a range of insurance products tailormade for residential
letting together with Rent Guarantee and Legal Expense Cover. |