Lettings & Property Management

When it comes to letting a property, whether you are a landlord or a tenant, you have several options to consider. Here are some of the key options:

1. Short & Long-Term Lease: This is a standard rental arrangement where you sign a lease agreement, typically 6 months to a year or up to 5 years.
2. Room Rentals: You can rent a single room in a shared house or apartment. This option is often more affordable than renting an entire property.
3. Furnished or Unfurnished: Depending on your needs, some properties may be furnished or unfurnished. (Most properties are unfurnished)

It’s essential to carefully assess your needs, financial situation, and preferences when deciding which letting option is right for you, whether you are a landlord or a tenant, our lettings professionals will be able to guide and advise you throughout the journey.

When it comes to letting your property you have several options to consider. Here are some of the key options:

1. Long-Term Rentals: This is the most common option where you lease your property to tenants for an extended period, typically six months or longer.
2. Student Rentals: If your property is located in an area with universities or colleges, you can target student tenants who typically rent on a yearly basis.
3. Corporate Rentals: Some landlords choose to rent their properties to businesses for use by their employees, especially for those on temporary assignments or projects.
4. Furnished or Unfurnished: You can choose to rent your property either furnished or unfurnished. Furnished properties may attract higher rental rates but require ongoing maintenance of the furnishings.
5. HMO Rentals:  You may can consider renting out individual rooms to multiple tenants in one property.

The fees associated when letting a property can vary depending on various factors, including your location, the type of property and local regulations. Here are some common fees that landlords and tenants may encounter when letting a property:

For Landlords:

1. Letting Agent Fees Apply: such as finding a tenant including referencing to ensure their affordability. Management fees if you wish the property to be fully managed, and renewal fees (renewing tenancy agreements).
2. Inventory Check and Inspection Fees: Landlords may incur fees for creating an inventory of the property’s contents and condition, as well as for periodic inspections during the tenancy.
3. Safety Certificates: Landlords are responsible for ensuring that the property complies with safety regulations. This may involve fees for gas safety certificates, electrical safety certificates, and energy performance certificates (EPCs).
4. Maintenance and Repairs: While not a direct fee, landlords are responsible for the cost of maintaining and repairing the property. This includes repairs to appliances, plumbing, heating, and structural issues.
5. Council Tax: In some cases, landlords may be responsible for paying council tax if the property is vacant or if tenants move out.

For Tenants:

1. Rental Deposit: Tenants typically need to pay a security deposit, which is usually equivalent to one to one months’ rent. This deposit is placed in a  deposit protection scheme and is refundable at the end of the tenancy, subject to certain conditions.
2. Rent in Advance: Tenants are usually required to pay the first month’s rent in advance before moving in.
3. Renewal Fees: If tenants renew their tenancy agreement, they may be charged renewal fees by the letting agent or landlord.
4. Professional Cleaning: At the start of each tenancy, the property would of been professionally cleaned and will require the same at the end of the term.
5. Utilities and Services: Tenants are responsible for paying utility bills (such as gas, electricity, water, and internet) and council tax, unless otherwise specified in the rental agreement.
6. Late Payment Fees: Late payment fees may apply if tenants do not pay their rent on time, as outlined in the tenancy agreement.

It’s important to review your tenancy agreement carefully to understand the specific fees and responsibilities that apply to your situation. Additionally, local regulations and laws may impact the types and amounts of fees that can be charged, so it’s advisable to consult with a legal expert or check with relevant government authorities to ensure compliance.