Landlord Services

If you'd like one of our specialist lettings managers to conduct a valuation or review of your property, please click here to request a free valuation.

This service is an excellent choice for landlords who want to be more hands-on with their property. It includes the following:

• Rental Valuation & Inspection
• Advice to landlords on furnishings, health and safety issues and any maintenance recommendations
• Advertising & Marketing your property on our State-of-the-Art website, UK's leading property portals, emailing and SMS message details to all potential applicants, along with newspaper advertising where appropriate
• We accompany all viewings wherever possible
• Detailed referencing of every tenant who wishes to rent your property (via the Maras Group) using an extensive 25-point verification check. Maras also offer a range of enhanced financial security policies for landlords if applicable
• Preparation of the tenancy agreement/s
• Collection of initial rent and deposit
• Setting up a standing order mandate for future rent subject to tenancy commencing

Fees for Landlords

• 12% Inc. VAT of the full terms rent paid upfront at the beginning of the tenancy and on extension/renewal. e.g., Based on £1000 pcm: £1000 x 12 months = £12,000 X 12% = £1440 upfront
• £234 Inc. VAT Administration fee for providing an Assured Shorthold Tenancy Agreement.
• £30 Inc. VAT Annual fee for the registration of the tenant's security deposit.

Client Money Protection

Provided by Lonsdale Insurance Brokers Ltd.

Redress Scheme

Provided by The Property Ombudsman

This service is an excellent choice for landlords who want to be less involved with their property. The complete service includes (all the above) plus:

• A professionally prepared and detailed inventory of contents and condition
• Arranging maintenance
• Dealing with day-to-day tenant problems if they arise
• Transfer of utility accounts, electric, gas, council tax and water
• Closing inspection and check out at the end of tenancy
• Organising return of deposit subject to the property being returned in a satisfactory condition
• Sourcing new tenants before the expiry of the existing tenancy

Full Management Service

• 18% Inc. VAT of the full terms rent and on extension/renewal. This is split as below:
  • 12% Inc. VAT of the first term's rent paid upfront at the beginning of the tenancy. e.g., Based on £1000 pcm: £1000 x 12 months = £12,000 X 12% = £1440 upfront.
  • 6% inc. VAT of the full month's rent paid monthly, e.g., Based on £1000 pcm: £1000 x 12 months = £12,000 X 6% = £720 ÷ 12 months = £60 monthly management fee
• £234 Inc. VAT Administration fee for providing an Assured Shorthold Tenancy Agreement.
• £30 Inc. VAT Annual fee for the registration of the tenant's security deposit.

Client Money Protection

Provided by Lonsdale Insurance Brokers Ltd.

Redress Scheme

Provided by The Property Ombudsman

We strongly advise our Landlords to carry out a complete inventory for each tenancy. The purpose of checking an inventory is to establish damages which can only be done if descriptions and conditioning remarks are sufficiently detailed at the commencement of the tenancy and then at the end of the term.

Under the terms of the tenancy agreement, the tenant is required to return the property and contents at the end of the tenancy in the same condition as they were at the commencement, fair wear and tear accepted. It is almost impossible to ascertain whether any damage was caused during a tenancy without a proper inventory signed by all relevant parties.

If instructed, we will arrange a professional inventory and check in on your behalf, the cost of which is borne by you as the landlord. The tenants are responsible for paying for the checkout.

If you have a mortgage on the property you want to let, you should seek consent from the mortgage provider. In the case of leasehold premises, the permission of the Head Lessee of Freeholder will be required. You should also advise your insurance company of the proposal to let the property, as this could either invalidate the insurance or increase the premiums. You should obtain written documentation of these consents before letting.

The tenant will be responsible for the payment of gas, electricity, water, telephone, council tax and television licence. (Unless otherwise agreed and stated)

As the landlord, you are still responsible for the payment of service charges and ground rent in leasehold properties and buildings insurance on Freehold properties.

Most tenancies are classed as Assured Shorthold Tenancies. There is no minimum period for an Assured Shorthold tenancy; however, we recommend that the tenancy is for at least six months.

Most tenancies are drawn up for a period of twelve months; some have break clauses. We will be happy to discuss the pros and cons of different time periods with you.

The relationship between Landlord and Tenant can sometimes have its 'ups' and 'downs', and the need for a professional agent is paramount in closing any divide. Understanding and acting within the law allows for a smooth and enjoyable property experience for all parties concerned. Whether you are a Landlord or Tenant, you are best advised to work via a reputable agent.

Our staff have been trained and receive ongoing training on the various legal aspects of letting, including safety regulations, tenancy agreements and clauses, and possession. We have vast practical experience and will be happy to discuss any questions you may have regarding more complex legal matters.

It is a legal requirement for letting or property management agents to join a client money protection scheme in the private rented sector in England. Clients' money must be held in an account with a bank or building society authorised by the Financial Conduct Authority.

These schemes ensure landlords and tenants are compensated if the agent cannot repay their money, for example, if they go into administration.

Please click here to see the Client Money Protection certificate for Truepenny's Property Consultants Ltd

Please click here to see the Client Money Protection certificate for Truepenny's Of London Ltd

Please click here to see the Client Money Protection certificate for Callcut & Co Ltd