Information for landlords

Whether it is an investment property or your own home, when you let a property you want to know that it is in safe hands. Finding quality tenants is important but good management is essential. Efficient administration and prompt response to any problems which may arise will ensure that the tenancy runs as smoothly as possible. In addition it will also make sure that you achieve the maximum return on your property and protect your valuable asset. The team at Aleco Estate Agents pride themselves on looking after your house or flat as if it were our own.

The Aleco Estate Agents  service is not just about letting your property. Our expertise in the property rental market means that we can offer you advice on range of issues, including whether to rent furnished or unfurnished, inclusions and exclusions for your tenancy agreement, your legal obligations as a landlord, security, insurance for your property and more. We can also offer expert advice for potential buy to let investors, whilst our Residential Sales Department can help you find the right property to ensure maximum return on your investment.

LETTING TIPS

Send an email to Aleco Estate Agents and a member of our team will contact you shortly in order to give you the advice you require and to arrange a FREE NO OBLIGATION VALUATION.

Letting your property can be highly profitable; but it is also important to do it correctly to ensure that you protect your investment. Whether you are a novice or an established landlord, Aleco Estate Agents are here to remove the burden of letting your property and to make the whole process as stress free as possible.

Rental Valuation
Aleco Estate Agents appreciate that your property is an investment as well as a source of income for Landlords, which is why our experienced and dedicated staff are here to ensure that we achieve the best rental price for your property.

Our valuation is based on basic knowledge such as:

• Location
• Features & condition
• Types of tenants
• Current market conditions

It is important to remember that if you are asking for higher rent than what is average, this can in turn mean that your property is vacant for a longer period of time. Which means the property will not be earning its full potential and hence loss of rent!

Which Letting Scheme?

Aleco Estate Agents understands that every Landlord’s needs are different. In response to this, we have tailored various Letting Schemes to meet all requirements. Please see below for a description of these schemes:

Guarantee Rentals

Our leasing service offers you a hassle free solution to property management.

Key benefits:

• Guaranteed rent each month
• Your property leased from1- 3 years
• Guaranteed condition at the end of the lease

We urgently require 2, 3 and 4 bed room properties. Properties must be clean and well decorated. The building must be in a good state of repair, fit for human habitation and safe. You will still be responsible for the buildings insurance. We will aim to lease your property within 7 days if it meets all these requirements. 

Letting Only Option
Advising on a rental valuation
Marketing the property
Arranging for suitable tenant(s) to view the property
Advising on furnishing and related matters
Obtaining references
Negotiating the terms
Preparing a tenancy agreement
Taking a deposit and first month’s rent
Preparing a statement of account.

Leting and Rent Collection Option
Demanding and collecting rent
Accounting to the landlord
Arranging for rent to be paid into your Bank/Building Society or forward a cheque
Non UK Landlords - Administering retention of monies held by us against tax liabilities as required by the Inland Revenue Management Scheme

Full Management Option
Dealing With necessary repairs and estimates
Remitting bills on the Landlord’s behalf
Making inspections during the tenancy
Organising transfer of utilities and Council Tax (where applicable) into Tenant(s)  name(s)
Liasing with Landlords and reporting on all matters
Dealing with day to day correspondence with the Tenant(s)
Administering any maintenance contracts on the Landlord’s behalf
Arranging for annual Gas Safety Certificates
Negotiating Tenancy Renewals/Leasing Scheme

Maintenance/Safety
Whether requiring a Letting Only Service, Rent Collection or Full Management Service, Landlords have the responsibility for the safety of both the Tenant and their own property during the tenancy. The following regulations must be adhered to without fail by the Landlord and as Agents we must ensure that they are carried out.

Gas Safety (Installations and Use) Regulations 1994 (1996):

A qualified Engineer (Gas safety or British Gas) must check all gas appliances and installations within the accommodation on an annual basis. This includes such items as gas fires, central heating boilers, gas cookers and other gas appliances. The Regulation also insists that flues and chimneys are clear of obstructions and situated in the correct place.

The engineer must issue a Certificate and a copy must be presented to the Tenant at the start of any tenancy.

Any items that fail to comply with the regulations must be fixed or removed immediately.

The Electrical Equipment (Safety) Regulations 1994: 

These regulations require that all Electrical equipment left at the property to be "safe and of no risk or injury to human or animal".

Electrical equipment should be checked to ensure that flexes, fuses and electrical output are safe and approved.  Items that must comply include all portable electrical items such as electric cooker, fridges, washing machines, kettles, toasters, etc.

As agents we cannot guarantee which items are safe or not and will recommend that a qualified electrician checks these items (a charge will be made), although this can be carried out by your own electrician.

Book your free valuation today with an award winning agent on 0208 449 8808

We are members of client money protect  - being in safe hands