PEACE OF MIND WITH A SERVICE YOU CAN TRUST
Woodhouse Property Consultants have a specialist track record in property management and are the Market Leaders in the area.
Our staff have:
- Comprehensive knowledge of Landlord and Tenant law
- Many years of professional experience
- Customer service and satisfaction is important to us... We want your repeat business
- Commitment to develop a partnership with you to maximise the return on your investment
- Large pool of Professional Tenants based on our association with the largest employers in the area
- State of the art management software allowing us to Bacs rent, email statements and even text you reminders
- We are members of the Property Redress Scheme
In addition we offer:
FREE RENT GUARANTEE COVER ON ALL OUR LETTINGS *
What is Rent Guarantee insurance?
Recent Landlord surveys show that non-payment of rent was an issue for 67% of landlords who have experienced problems with a tenancy.
Even the most conscientious of tenants can sometimes become unable to pay their rent, in many cases a change in circumstances that are outside a tenant's control can impact their ability to pay the rent. As a landlord any missed rental payments could impact your income or risk your ability to make mortgage payments for your buy-to-let investment. HomeLet Rent Guarantee Insurance covers missed rental payments and includes cover for legal expenses.
Rent Guarantee Cover is designed to protect you, providing peace of mind to you by ensuring that you will still receive your rental income, should the unexpected occur.
Rent Guarantee Cover offers Legal Expenses cover to obtain vacant possession of your property in the event that your tenant fails to pay the rent.
Maximum of 5 months Rent Paid
Excess equivalent to 1 months rent
WHY WOULD YOU LET YOUR PROPERTY WITHOUT IT? ITS INCLUDED FREE OF CHARGE AS PART OF OUR SERVICE *.
Our professional service is tailor-made to your needs. We can take care of everything from marketing through to emergencies providing precisely the service you want, from a name you can trust.
Our marketing ensures your property is seen by more potential tenants than any other letting agents. Our State of the art website allows your property to be viewed by the largest possible customer base assuring that, no sooner has one tenant moved out, we have your next tenant, ready to move in. Then leave the paperwork to us! Your tenants are referenced by Homelet one of the Largest Landlord/Tenant Insurance Company, who will offer you RENT GUARANTEE at No COST TO YOU*,– it’s all part of the service giving you that extra peace of mind.
Clients monies are held in a seperate Clients Account and we are in the process of joing the Client Money Protection Scheme.
For a FREE consultation, call Woodhouse on 01992 637777
*Subject to Homelets terms of condition, exclusions and excess apply and up to a maximum of 12 months Cover, please ask for a schedule and further information.
If you are thinking about letting your property, this guide will introduce you to Woodhouse Lettings and answer many questions you may have about letting your property.
- These are some of the things you must do before letting your property:
- You will want to know the rental value of your property. We can give you an estimate over the phone and a more accurate valuation following a visit to your property. Another good indication of the rental value is by checking similar properties to your own on the rental pages of our website.
- If you have a mortgage, you will need to inform your lender and get their permission. If they don’t give this, you may need to change your lender. We can give you advice on this.
- If you are planning to let a leasehold property, you may find that there are clauses in the lease relating to what you may do. Check your head lease, if it is unclear in any way, show it to us and we can advise you.
- Your buildings and contents insurance may be affected by a letting. You will need to inform your insurer to make sure that cover will continue if you are absent from the property, or find a new insurer. Again, we can advise.
- There are safety regulations that have to be followed and maintained on property that is let. We will help you understand compliance with fire and furnishings regulations, Smoke detectors regulations, and we can arrange safety checks for electrical appliances and Landlords Gas Safety Certificate which is a legal requirement and must be renewed each year.
Wouldn’t it be cheaper to do this all myself?
There are many other things you will need to take care of if you do let privately. For example, you will need to advertise your property and find time to answer calls, be available for viewings, vet tenants, get references and draw up contracts.
A letting agent can take this weight off of your mind, manage the property on your behalf and give you advice. At Woodhouse we have access to credit referencing agencies that enable us to check the tenant can afford the rent and does not have a history of defaulting on payments. We can also offer an insurance policy to safeguard your rental income, check that rent is paid on time, and deal with maintenance and tenant enquiries.
So how much is this going to cost me?
Well it may cost you nothing at all. A letting agent will know the market well and may be able to achieve a higher rent than you could do yourself direct with a tenant. The initial rental valuation of your property is free. You only pay commission when we successfully let your property and you will always have access to a specialist team dedicated to letting. Another agent may inflate the value of your property with a higher rental income. If you accept this, you could be out of pocket and lose weeks of rental income while your property remains un-let.
Furnished or unfurnished?
You may let your property furnished or unfurnished. Once we have seen your property we can advise you what would be best to do. The standard for furnished is:
- White goods: cooker, microwave, fridge/freezer, washing machine/tumble dryer.
- Bed(s), chairs and sofa that comply with safety regulations.
- A kitchen or dining room table and chairs.
- You could leave a TV and hi-fi equipment, but it will be your responsibility to repair and replace these in the event of breakdown.
- Do not leave personal effects such as vases, ornaments and pictures that could get easily damaged.
Preparing your property for rental
We can organise a professional spring-cleaning of your property, to include steam cleaning of carpets and redecorating if needed.
Conducting a property viewing
Make sure all keys are available to open windows, fire escapes or a garage if you have one. If you wish to be present at the viewing, give time for the applicants to discuss the property alone before they leave. Resist the temptation to ask viewers if they like your property. They may spontaneously tell you. Either way, it makes negotiating easier if we handle feedback until matters progress to an offer.
How long does it take to find a suitable tenant?
Anything from between a few hours to several weeks. At Woodhouse we are able to maximise the speed of letting due to our computerised systems that match properties to potential tenants and inform them by email and text/SMS and even picture messaging. We also undertake all the usual marketing in newspapers and on the web. Our property boards are further coded with a unique property reference that enable the property to be instantly located on our website.
How do I go about vetting a potential tenant?
Woodhouse will do this for you, by undertaking credit and fraud checks together with obtaining references from an employer or previous Landlord.
Obligations during the let
Any repairs needed during the tenancy must be carried out promptly. You must also ensure your property complies with safety regulations. As your letting agent we can arrange these on your behalf should you want us to and because we deal with many properties, we get better terms from suppliers. This means that if for example a washing machine breaks down or a shower fails, we can arrange a quick repair or replacement on your behalf. We also visit the property from time-to-time to keep an eye on its condition and send you an annual statement of account for your tax records depending in the choice of service you require.
What’s an Assured Shorthold Tenancy?
An Assured Shorthold Tenancy offers the landlord a guaranteed right to repossess his property at the end of the term. It also sets down rental payment details including who will be responsible for payment of utilities.
Who holds the Deposit?
From 6 April 2007, it become a legal requirement that all deposits taken or held by landlords for Assured Shorthold Tenancies in England and Wales (this covers the vast majority of tenancies), must be protected by a tenancy deposit protection scheme. The new rules introduced by the government will apply to all new Assured Shorthold Tenancies created in England and Wales after that date together with any renewals if the Landlord is holding a deposit irrespective of when the deposit was paid.
There are three schemes available, of which two mainly apply:
The custodial deposit protection scheme is free to use and open to all Landlords and operates by the Landlord paying over the deposit to a stakeholder. The service is funded entirely from the interest earned from deposits held. Landlords will be able to register and make transactions online. Paper forms will also be available should internet access be an issue. The scheme will be supported by a dedicated call centre and an independent dispute resolution service. For more information, visit www.depositprotection.com or call 08707071707
Tenancy Deposit Solutions Ltd (TDSL) is a partnership between the National Landlords Association and Hamilton Fraser Insurance. The insurance- based tenancy deposit scheme is a membership scheme that allows the landlord to continue to hold any deposit they take from a tenant during the period of the tenancy agreement. The landlord will be required to pay a fee to protect any deposits taken from a tenant. If there is a dispute over the return of the deposit at the end of the tenancy, the scheme, supported by an insurance policy, will ensure that the amount to which the tenant is entitled is returned. As necessary, the scheme insurers will recover the disputed amount from the landlord. The scheme is also required to provide deposit dispute assistance which will be provided free of charge to all parties. visit www.mydeposits.co.uk
If a Landlord has not arranged for the deposit to be dealt with in accordance with a scheme within 30 days of receiving it from the tenant, i.e Commencement Date, the tenant can apply to the court for an order to return the money or to pay it into the scheme.
Penalties: if a tenant does make an application to court to force a defaulting Landlord to comply, they will be ordered to pay the applicant tenant three times the deposit amount. With average deposits of £900 etc, Landlords can be seriously out of pocket if thy fail to adhere to the scheme.
It is the Landlords responsibility to ensure that they are part of a Tenancy Deposit Scheme and that the deposits are protected, and we would recommend you visit www.communities.gov.uk for further information.
Please call us on 01992 637777 for further information.
Services we offer:
Property Letting Service
Advise and Evaluate your property for rental purposes including rental Value and tips and advise on property presentation.
Market the property to our significant database of pre-vetted tenants ensuring that only suitable tenants are introduced to you from the very start.
We are conscious
In addition the property is marketed by:
- Full colour local advertising
- Several national websites such as Rightmove.co.uk, primelocation and propertyfinder together with our own.
Arrange and supervise viewings
Instruct Homelet to carry out tenant referencing and put in place a RENT GUARANTEE COVER on your behalf.
- Negotiate the tenancy terms
- Prepare and complete the tenancy documentation
- Ensure payment of the initial rent and deposit
- Remit the balance of initial funds due to you
- Provide a detailed financial statement
- Arrange a standing order mandate intended for future rent payments
- Contact Council Tax Dept and service providers if details of the service providers are provided to us, to facilitate the smooth transfer of Services over to the New Tenant.
We make the process as simple and stress free as possible and offer guidance and assistance in all respects of the Letting Process.
Our Fees for will be 10% plus VAT of the gross rental achieved over the period let.
In the event of the tenant wishing to renew or extend the contract, our fee during the first 12 months will be 10% and, after the first year, our renewal fee will be 7.5% plus VAT of the gross rental, payable in full at the commencement of the new tenancy/renewal whilst the tenant remains in occupation on a Statutory Periodic Tenancy.
Letting and Rent Collection
Providing that extra peace of Mind, In addition to the above services we are able to offer rent collection, in which we ensure that the tenant sets up a standing order in which the rent is paid to us. This allows us to keep on top of rental payments in which we send out reminders and demands if necessary, then using our bacs payment facility pay the rent to your account electronically or by cheque. Statements are then either emailed or sent to you including details of expenditure and copies of suppliers invoices.By keeping this connection with the tenant we are right on hand to deal with any queries ensuring you Letting is runs smoothly and hassle free.
In addition to the letting Service, we are able to offer the Rent Collection service, for an additional 2.5% plus VAT
Periodic Statements, Annual Statements to assist Tax Returns and Copy of Documents are inculded in the Fee Charge.
Our full management service is designed to remove you from the day to day involvement of managing a property yourself.
Property management service:
In return for our management fee, in addition to our let only service, we will:
- Advise on deposit refund at the end of the tenancy
- Automatically deal with day to day repairs and maintenance within specified budget limits
- Receive rent and remit moneys due to you by cheque or electronically
- Monitor, chase and advise you on late rent payments
- Assist with insurance claims
- Provide monthly statements detailing including details of expenditure and copies of suppliers invoices
- Coordinate gas safety certification if requested
- Liaise directly with the tenants to relet or remarket the property
- Provide Legal and Landlord and Tenant assistance.
In addition toLetting Service, we are able to provide a Management Service, an additional fee of 5% plus VAT is Charged.
This Guide has been prepared by Woodhouse Property Consultants Limited. All advice is offered in good faith, and readers who choose to act upon it do so at their own risk. Woodhouse Property Consultants accept no responsibility for any action taken, or loss occurring as a result of any advice/information given here. For a full understanding of what we undertake please read our Terms and Conditions.
We are Members of the Property Redress Scheme. Clients money are held in a Seperate Client Account.
Letting Information For Tenants
Woodhouse believe that all who apply for a tenancy should understand all of the fees that they may be required to pay.
When applying for a property, Woodhouse may charge a referencing and administration fee of £550 fee per property. Please note that should your references not meet the criteria set by the independent referencing agency, our application be declined by our clients, or should you withdraw your application, or otherwise not progress your application of having been requested to do so, your application fee cannot be refunded.
In some instances, you may need to provide a guarantor who underwrites your financial commitments under your tenancy agreement if your reference score necessitates a guarantor.
In advance of a tenancy commencing, you may be asked you to pay a sum in advance of your tenancy to demonstrate your commitment to taking the property. This will be proportional to, and never more than a month's rent. If your application is successful and you proceed with the tenancy, this holding fee will be credited to your account and will be offset against the total cost of renting the property.
You will be asked to pay the rent, deposit and the balance of any fees in cleared funds prior to moving into a property. Woodhouse will provide you with details of all their accepted payment method.
If you intend to have a pet residing at the property and the landlord has granted written permission, a larger security deposit to offset possible additional cleaning may be asked, or may simply be additional appropriate clauses added to your agreement.
In most circumstances when you move into your rented property, you will be given an Inventory and Schedule of Condition, which documents in detail the contents and condition of the property at the start of the tenancy, as part of our commitment to fair deposit adjudication.
Towards the end of the initial term of your tenancy, you may be offered an opportunity to renew your tenancy for a further fixed term. Woodhouse will advise you of this at the time, and create a new agreement and execute the legal documents.
Clients money are held in a Seperate Clients Account and we are in the process of Joing the Clients Money Protect scheme.
We are members of the Property Redress Scheme.
Contact us for more information.