LET ONLY SERVICES IN WARWICKSHIRE
We provide a comprehensive Let Only service, making life easy for landlords
Your local, ARLA Propertymark approved property manager
Whether you are a landlord who’s looking to rent out your investment property, or a tenant looking for the right rental property, we can help you.
Assured Residential are leading letting agents in Coventry and surrounding areas. We specialise in Letting services for residential properties, making us the local experts.
Our professional team are experienced in the marketing of residential rental property and assisting in the selection of Tenants.
Take the stress and hassle out of letting your rental property. We will handle the advertising, referencing, inventory and confusing paperwork and ensure everything is set before the move in date so that you have nothing to worry about.
We offer completely free, no-obligation market appraisals for prospective landlords, contact us to book a valuation of your rental property.
Find out more about how we can help you as a landlord looking to rent your property.
Looking to buy an investment property?
We’ll be happy to share our knowledge of the area and advise you
Phone us before you take the plunge to discuss current market trends and rental values.
LET ONLY SERVICE
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 can be accessed from our website, rightmove.com 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 and will always accompany viewings. 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 and a previous Landlord/Agent reference, if appropriate. All Tenancies are now subject to mandatory Right To Rent Checks in order to comply with the Immigration Act 2014 as amended 2016.
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. We will establish whether or not you are agreeable to applications of this nature prior to marketing
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 five weeks rent as a bond, in cleared funds, prior to the tenancy. 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 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.
Our Fee
One off Letting Fee, payable at the outset of each new tenancy –
for Tenancies with an initial fixed term of 12 months or over – 96% inc VAT of the first month's rent, subject to a minimum of : £510 inc VAT
We’ll Help You To:
- Find the right tenants, and vet them for reliability. We advertise all properties on popular letting sites such as rightmove.co.uk.
- Take care of all the legal documents by preparing all the necessary Tenancy Agreements, Legal notices, and Guarantee Agreements.
- Produce a thorough inventory of the property which will act as a baseline to measure any damage against at the end of a tenancy.
- Prepare a thorough inventory of the property which will act as a baseline to measure any damage against at the end of a tenancy.
- Register all details of the tenancy online and issue the appropriate paperwork to the tenants. We do this to ensure that the bond is lodged with an appropriate insurance based scheme that complies with The Housing Act 2004.
