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Letting Your Property

Letting your property to complete strangers can be worrying at times for some landlords, this can be made very simple or just difficult for yourself.

Most landlords who invest in buy to let properties try to keep it simple, and this is the best way in our opinion. By instructing a lettings agent, you are placing your asset in their hands. This is where we aim to provide you with a hassle free service whilst taking complete care of your investment.

A hassle free service whilst taking complete care of your investment.

Preparing for Letting

This can be made simple or you can just make it hard for yourself. Most landlords who buy to let properties try to keep it simple and this is the best way in our opinion.

This is the first view any potential tenants will have of your property, so you should keep it tidy as this will definitely attract their attention. Tidy up the front and back garden (if applicable), repair any cracks, holes or blemishes. If required give the window frames & door/s a fresh coat of paint. Generally the tenant/s would also want to keep it that way if they end up renting the property from you.

If you are planning on letting your property furnished we recommend that you don’t use expensive items. Recommended items include a sofa for the lounge, coffee table and if there is room a dining table & chairs. For the bedrooms, a bed, wardrobe, and chest of drawers. You will need to consider regulations about fire-resistant furniture as these are strict for rental accommodation and you must ensure all relevant items meet the guidelines set under the Furniture and Furnishings (Fire) (Safety) Amendment Regulations 1993.

We recommend that you do not leave any expensive electrical items such as televisions, DVD players or stereo systems. Try to remove or put in to storage unnecessary objects, clear out cupboards and wardrobes of non-essential items. By doing this not only will you save yourself the hassle of possibly replacing some of the items at the end of the tenancy but you will create more space.

City and Urban’s experienced lettings staff will provide you with a free, no obligation market appraisal for your property. Using local area knowledge and expertise, our staff will give you accurate and up to date advice on how to maximise the return on your property.

Once you are satisfied with our valuation and we have received your instruction to begin marketing your property for lettings, a member of our lettings team will visit the property to gather all the necessary details to begin the marketing process.

We use the most effective marketing techniques to ensure that we can sell or rent your property for the best price in today's market: techniques that include floor plans, full digital colour photography and in some cases 360 degree virtual tours. Your property will also receive high levels of exposure on the internet using the most popular property websites including Findaproperty.com, rightmove.co.uk, primelocation.com & zoopla.co.uk.

We have an extensive database of carefully vetted applicants and will only offer your property to prospective tenants who are able to fulfill their obligations.

All viewings are accompanied and carried out six days a week between the hours of 8:30am to 7:30pm.

When an offer is put forward by a prospective tenant we will report it to you along with information such as their occupations, the length of time they wish to rent for and from what date, and any furniture requirements.

Once a price has been agreed and the offer formally accepted, we will take a holding deposit (Usually 1 weeks rent), and at this point we will ask the tenants to complete detailed referencing forms that will be taken up by an independent referencing company.

When final reports for tenant referencing have been approved by the landlord we will prepare contracts, arrange an inventory if required, and advice on required safety checks that must be carried out before any tenancy can begin.

Everything is now in place, contracts and inventory prepared, furniture installed, safety checks carried out and all parties are happy. We will now collect the remaining money, security deposit and one month advance rent at which stage both landlord and tenants will sign the tenancy agreement.

Finally, the contracts have been signed and all money collected. Now the keys can be handed over to the tenants.

For more information contact our lettings team today.

 

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