Residential Lettings
Thinking of LETTING ?
We are fully conscious of the need to take good care of your valuable property and endeavour to find responsible and reliable tenants who pay rent on time.
LETTING your home through Amelia King Ltd. Your home on all the
FREE VALUATION
Our Let Only service means we do everything up to the point when the tenant(s) move into the property including:
Amelia King Estate Agents providing:
· YES- Check references before establishing any tenancy
· YES- Check all information provided by applicants
. Carry out regular inspections to ensure obligations are met (full management only)
· YES- Advise you of any issues that may require your attention
· YES- Advise you on local amenities and services
· YES- Advise you on matters such as home contents insurance
· YES- Advise you on your responsibilities under the tenancy
· YES- We may have someone who wants your home today!
· YES- Your home emailed on a DAILY basis
· PERMANENT- Extensive online advertising
· GUARANTEED- Guaranteed RENTAL
· YES- Accompanied Viewings
· YES- Mature, Helpful, Friendly Transactions
· ALWAYS- Professional Services
· YES- Free valuation
Advice For Tenants
Whether this is your first move or one of many, Amelia The King aim is to make it as straight forward and trouble free as possible. Here are a few of the basic steps in becoming a tenant. Register on as many lists as possible and be as clear as you can about your requirements, rental properties can be snapped up as quickly as they come on the market so make sure the agent is looking out for you.
Deposit And Costs
A deposit is always taken from a tenant prior to the occupation of the property. The deposit remains the property of the tenant throughout the tenancy and it is recommended that this amount be held by the letting agent whether they are instructed to manage the property or otherwise. They will not release these funds unless you are satisfied with the check out report at the end of the tenancy. The deposit is held against dilapidations and would not be accepted as a rental payment, nor should it be used for any purpose other than a stated in the agreement.
What You Need
Once you find one you like you will need to provide references and a deposit. You then need to concentrate on the move itself getting in touch with utility providers to arrange your gas and electric connection, protecting your possessions is also something you should look into.
Advice For Landlords
The type of tenant you go for will depend on your requirements. The majority of tenants are working professionals, on company relocations, or overseas relocations. Which ever, you need to be sure they will be fully referenced with FCC PARAGON and the relevant information forwarded to you for your approval. Make sure you give the letting agent of your choice the profile of the type of person that you wish to let your property to, at the same time you need to be mindful that the tighter you are with your requirements the longer it can take to find you a tenant.
The Tenancy Agreement
The letting agent will prepare a professionally drafted tenancy agreement to suit your requirements. Some companies, in particular banks prefer to use their own agreements, these are usually drafted by the relevant legal department and suitably prepared. Which ever, you will be provided with a copy of the same in order that you may familiarise yourself with the content and take advice if necessary. Letting agents will be happy to offer any additional information if you request it, many are personally assisted by a firm of solicitors with the specialist knowledge of the property law and are continually informed of any changes in respect of the same.
About Inventories
All landlords are advised to provide a detailed inventory when renting out their property. This is necessary to protect any possessions remaining in the property. It is impossible to make deductions from a tenants deposit without a schedule of condition of all the items before commencement of tenancy and afterwards. Once an inventory has been prepared, it may be possible to use the same for a number of years, by simply updating it. Why not let us prepare your inventory for you and save yourself the hassle.
Tax Implications
Income tax is payable on all rental income arising from property in the
The Agent is liable for the payment of any tax, which arises from the letting and must therefore retain monies at the current tax rate, to cover this liability. Non resident landlords can apply to the Inland Revenue for an assessment on income from rental property. If this is granted, then the Inland Revenue will issue an exemption certificate and the agent will then be no longer bound to retain tax on the rental income.
Agents do not undertake to submit your tax returns and would recommend that you appoint an accountant to handle your tax affairs.
Lettings And Your Mortgage
If your property is under mortgage then you are required to inform the lender of your intention to rent out the premises. There will usually be no objection, provided payments are up to date, but there maybe an annual administration charge applicable, which will vary from lender to lender.