MANAGED

The full Management Service is defined in The Agreement but in summary it comprises of taking responsibility for the following:

• Taking photographs and preparing property details.

• Advising as to the likely rental income.

• Displaying the property in the local press (& on our website if appropriate)

• Advertising the property particulars at the office.

• Erecting a ‘To Let’ board at the property where appropriate.

• Arranging for postal distribution of property details to prospective tenants.

• Accompanying prospective tenants around the property.

• Interviewing and screening the prospective tenants.

• Obtaining credit references and references from previous Landlord if applicable and employer.

• Preparation of Tenancy Agreements.

• Receiving rents, monitoring of payment record and transfer to Landlord’s nominated account.

• Collecting a deposit from the tenant to be held as stakeholders until the end of the tenancy.

• Registering the deposit with The Dispute Service in accordance with the terms of the Tenancy Deposit Protection regulations.

• Recording of gas, electrical and furnishing checks – certification if necessary.

• Registering new tenants with the Council Tax dept and dealing with general correspondence.

• Carrying out periodic inspections of the property to ensure the property is being cared for.

• Setting up tenant rent guarantee scheme if required (there are costs related to this)

• The preparation of an inventory and General Condition Report as required.

• Responsibility for and management of empty property is not normally included and will only be carried out by special arrangement.

• Co-ordination of repair or maintenance including arranging for tradesmen to attend the property and obtaining estimates where necessary, supervising works and settling accounts from rents received.

• Making payments on behalf of the Landlord from rents received for water rates, insurance premiums etc. as instructed.

• Carrying out a full property visit and inventory check at the end of the tenancy and dealing with matters relating to unfair wear and tear before releasing the tenant’s deposit.

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