Letting your property professionally with London Residentials
If you are thinking of letting your property you need to make certain you obtain the best advice, whilst linking to the highest level of customer service from an experienced team of property professionals.
With highly qualified staff London Residentials are experts in this specialist field providing landlords with all the help and support they require from an agent. At London Residentials we go to that extra mile and work that little harder to ensure we deliver a thorough and professional service to our clients at all times.
As a result you can be certain the London Residentials team will act with absolute integrity and discretion on your behalf. Letting a property should provide a stable and profitable source of income for landlords, but it does not come without responsibility and an element of risk. By doing things the London Residentials way you will soon find that letting your property can be simpler than you think.
London Residentials offers a wide range of tailor made lettings solutions and will guide you through the lettings process. From the moment you decide to enter the lettings market with London Residentials we will release the pressures and take away the hassle which letting can bring. We think you’ll find letting your property by the London Residentials way is an easy and profitable experience.
The directors and staff at London Residentials properties are able to boast a wealth of experience within the property market. This enables us to help landlords select the best properties for rent, in order to maximise returns and minimise risks and potential hidden pitfalls, which can so easily be missed.
Our computer software ensures the highest standards of efficiency with every aspect of the lettings procedure covered by the touch of a button, leaving you free to run your life in the knowledge that key dates and procedures are not overlooked.
Our trained staff ensure that the safety, duty of care and all legal matters are taken care of on your behalf, leaving very little to chance. Our office locations, websites and marketing are amongst the best in the industry maximising your chances of finding and retaining the best tenants. Our charges are fair, our service – second to none.
|STANDARD FEESLettings only||£12% (10% + VAT)|
|Renewals on 1st 2 years’||10.8% (9% + VAT)|
|Lettings & property management -Renewals on 1st 2 years’||12% (10% + VAT)|
|Anti-Money Laundering and Identification Checking Fee||£15|
|Gas Safety Certificate||£85|
|Electrical Safety Certificate||£150|
|Energy Performance Certificate||£100|
|Deposit protection registration||£30|
|Property inspections beyond the first (first included within lettings fee)||£120|
|HMRC Return for Non-resident Landlords||£145|
|Income & Expenditure Report||£120|
|Works over £1000, Major Works Co-ordination fee||12% (10% + VAT)|
|Property licence Administration fee||£250|
London Residentials properties will make every effort to make your move as pain-free as possible. By offering the best package and range of services to landlords, you can be sure that we always have an excellent range of first class properties on offer to rent. You can view properties within our office network, or in the comfort of your own home via our website.
Once you have chosen your new home, we will help you through each step, ensuring speed, efficiency, and all safety and legal matters are taken care of, leaving you to plan and enjoy your new home.
As we will, in most circumstances, be responsible for the management of your new home, you can rest assured that should you ever have a problem, you can contact us 24 hours a day and the matter will be dealt with professionally and promptly.
This is a fixed cost fee that can cover a variety of works depending on the individual circumstances of each tenancy, including but not limited to conducting viewings, negotiating the tenancy, verifying references and drawing up contracts. This charge is applicable per tenancy, and not per individual tenant. The charge will not exceed this sum in relation to the arranging of the tenancy.
Our standard tenancy fees and possible additional fees
£500 per tenancy
|Deposit for a long let tenancy||Equivalent to one month’s rent|
|Change of occupancy within an existing tenancy||£300|
|Letter sent by London Residentials regarding late or non-payment of rent||£25 for each letter sent|
|Tenant reference request||£40|
|Tenancy renewal (long lets only)||£150|
|End of tenancy inventory check-out organised by LR||£150|
(Frequently asked questions)
Q How is my tenant selected?
A Every care is taken to match your tenant to your individual requirements using very stringent vetting procedures, via a specialist referencing agency.
Q How long does the tenancy last?
A The minimum recommended term for Assured Shorthold Tenancy is six months, after this period the tenancy can be extended on a month to month basis or a further fixed term can be applied.
Q Why do I need an Inventory?
A If you do not have an inventory you cannot make any legitimate deductions at the expiry of the tenancy from the tenant’s deposit.
Q How and when will I receive my rent?
A Payments will be made directly into your account (unless otherwise arranged). London Residentials will endeavour to credit your designated account upon receipt of rent.
Q How much deposit is held?
A This is usually at the landlord’s discretion but London Residentials would recommend holding a minimum of one months rent plus £100. The deposit will be held under The Deposit protection scheme (DPS)
Q Why portable appliances should be tested?
A Landlord’s have a legal duty to take precautions against the risk of fire, injury or even death caused from appliances they have provided.
Q What happens when a repair is needed?
A Depending on the reported incident, London Residentials management centre staff would qualify who is liable i.e. landlord or tenant. A qualified contractor would then be instructed to carry out the repair, subject to the necessary approval.
Q What if my tenants do not pay the rent?
A Don’t worry, with fully managed properties we take necessary action by sending reminders, phone calls, visiting the property, arranging meetings and if necessary then we also take legal action.