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The Services We Offer.......

Rental Appraisal -
Marketing -
Viewing -
Referencing -
Initial Monies -
Legal Documentation -

Inventories -
Installing Tennants -
Paying Out Let Only Clients -
Ongoing Collection of Rent -
Ongoing Contact & Mainenance -

Continuity/Renewals -
Check-out -
Dilapidations -
Our Fees -

 

Whether we are instructed to professionally manage your property or operate on a let only basis (tenant finding only) the service we offer is identical to the point of your Tenants being installed into your property.

Rental Appraisal – An initial meeting at your property to offer our opinion as to a realistic current market rental value and presenting a good opportunity to discuss the property’s potential and offer any advice that you may require. We will discuss the service we offer, in as much detail as you wish, and answer any queries you may have.


Marketing – By instructing us to market your property, you will benefit from a pro-active marketing commitment combining both traditional and modern methods, second to none. Our marketing software will produce full colour details with room dimensions and ample photographs which will be matched and distributed to our database of potential applicants, re-location companies and local businesses with active tele-marketing, post and email facilities. These details can be accessed from our website, assuredresidential.com, the U.K’s most visited property website vebra.com and from a link on our listing with yell.com. In addition, we will advertise your property every week in the local property guide, always with a photograph (where possible) and your property will benefit from our eye catching to let board, if required.

Viewing – We will arrange for interested parties to view your property either by accompanied key, with yourselves if you are still living at the property, although we will be pleased to accompany, if you prefer or with your exiting Tenant. We will be available to accompany viewings six days a week, diaries permitting.


Referencing – Once interested parties express the desire to rent a property they will complete application forms, pay-over our administration fee and be thoroughly vetted. We will require residential identification, carry out a credit assessment verifying the electoral role, searching public records for any adverse information such as CCJ’s, Bankruptcies, Voluntary Arrangements and verification of current and previous addresses. We will also take-up a written Employer’s reference or other satisfactory verification of financial means or income, a Bank status enquiry and a previous Landlord/Agent reference, if appropriate.

Should we receive applications from parties who we feel are good candidates but whose applications are a little weak (for example, a particularly young applicant) then we will advise you accordingly and, should you be agreeable, take a Guarantor to the tenancy.

For applications received from parties on Housing Benefit, a clean credit history and residential identification will still be required and we will take a Guarantor to the tenancy, who must meet all of the above criteria.

For post-graduate students, we will require proof of financial means i.e. sponsorship.

In all cases we will keep you fully informed and only proceed with your approval.


Initial Monies In all cases we will take at least one month’s rent in advance and the equivalent of one month’s rent as a bond for unfurnished properties or the equivalent of six weeks rent as a bond for furnished properties, in cleared funds, prior to the tenancy. Whether managed or let only, we will hold the bond as Stakeholder. As a member firm of the Tenancy Deposit Scheme, we will register the tenancy details online and issue the appropriate certificate to the Tenants to ensure that the bond is held within an appropriate insurance based scheme to comply with The Housing Act 2004 (Chapter 4 Sections 212 – 5; and Schedule 10) deposit protection requirements.


Legal Documentation – We will prepare all the necessary Tenancy Agreements, Guarantee Agreements and Legal Notices.


Inventories – Whether furnished or unfurnished, we will prepare a detailed Inventory and where professionally managing the property this will be supported with photographs.


Installing Tenants – We will take meter readings and write to the appropriate utility suppliers (Gas, Water and Electricity) and notify the Council Tax Department with regard to the change in occupation.

Paying-out Let Only Clients – At this point our responsibility as Agent ends with Let Only clients. We will pay over monies collected on your behalf (one month’s rent) with our fees and any other expenditure deducted. We will arrange for future rent due to be paid directly to you, the Landlord, usually by standing order. At this point we will furnish the in-going Tenants with your contact details.


On-going Collection of Rent – With most modern tenancies, the rent period is monthly and where we are professionally managing the property, we will arrange for Tenants to pay this directly to Assured Residential, usually by standing order and in advance. Monies due to Landlords are paid out on a monthly basis, usually towards the end of the month, less our fees and less any Landlord Supplier or Contractor payments. We will, of course, keep you fully informed of any anomalies or problems with the collection of rent.

On-going Contact and Maintenance Issues – When professionally managing your property we are the point of contact between Landlord and Tenant. We will report to you with any issues or maintenance required. We have a team of approved Contractors on hand who usually provide a cost-effective solution to any maintenance required. You can, of course, nominate your own Contractors to carry out any works or attend to them yourself. We will endeavour not to spend any monies without your prior approval. Should funds be adequate, maintenance costs can be deducted directly from rents collected and shown on the Statements we render to you.


Continuity/Renewals – At the appropriate point in the tenancy we will establish whether you, the Landlord, wish to renew the tenancy and depending on your desire, either serve the appropriate possession notice or contact the Tenants to establish whether or not they wish to renew. If they do wish to renew, we will draw-up the necessary documentation. Renewals are at no additional cost to the Landlord.

If your Tenants do not wish to renew, we will advertise your property for re-letting, approximately one month before they are due to vacate. Our Tenancy Agreements provide that access must be allowed with regard to viewing for re-letting one month prior to the termination of the Agreement.


Check-out – Shortly after receiving the keys back from exiting Tenants, we will carry out an inventory inspection and report to you with any issues. We will report to you and with your approval will refund the Bond. We will take meter readings and write to the utility suppliers (Gas, Water and Electricity) and Council Tax Department with regard to the change of occupancy.


Dilapidations – Most tenancies conclude in a satisfactory manner. A Landlord must allow for fair wear and tear to the property, but fair wear and tear excepted, a Tenant must render the property in the same clean order as when they took over the tenancy. Should there be any issues, we will liaise with both Landlord and Tenant in order to resolve these issues. The primary purpose of the Bond is to secure against dilapidations caused by a Tenant.

 

Our Fees

Professional Management
Initial Letting Fee, payable at the outset of each new tenancy -
£120.00 + VAT
           
Management Commission –
Properties up to £400.00 pcm -
12.5% + VAT
Properties over £401.00 pcm -
10.0% + VAT
     
Let Only  
One off Letting Fee, payable at the outset of each new tenancy –
 

for Tenancies under an initial fixed term of
12 months

 

55% + VAT of the first months rent, subject to a minimum of:
£325 + VAT

     
for Tenancies with an initial fixed term of
12 months or over
 

80% + VAT of the first month's rent, subject to a minimum of:
£425 + VAT