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The
KEY to letting your house is to do it through Bennetts. We have
been successfully helping landlords find tenants, and have prepared
leases, for many years. We are more than pleased to factor the
lets where the landlords want to leave everything to us.
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THE
TWO MAIN TYPES OF TENANCY
For private landlords there are two main types of tenancy which allows them the right to recover the property from the tenants.
The short assured tenancy which is for a minimum of 6 months and a maximum of 5 years. In practice, two months' notice is required to terminate the lease after the initial duration, provided special notice was given at the start. Some mortgage lenders insist on this type of lease.
The "former main residence" assured tenancy. Here, you can let out a house which was formerly your main residence and a minimum of one month's notice by either party is required.
THE
NEED FOR CARE
Landlords
cannot just put their tenants out. A court order is required
first and if, for example, the tenant is behind with the
rent or causing a nuisance, eviction will not automatically
be ordered. We make sure you have the right kind of lease.
We have the experience to help you find the right kind of
tenant
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If you
may let to three or more tenants who are not all part of
not more than two families, a Multi-Occupancy licence has
to be obtained from the local authority and we can arrange
help for you to obtain such a licence. It may take some
time to arrange. (We can explain what is meant by "a
family")
PROMOTING
YOUR PROPERTY
Your property can be advertised on a popular
website, in the press, and in our office window at low cost,
so that the choice of prospective tenants is maximised.
BUYING
TO RENT
See
our separate leaflet on this topic.
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Here
are the services which Bennetts offer landlords
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THE
LEASE
Something which you would best leave to lawyers for the
law and practice of leases is always changing
THE LEGAL PART
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This
work includes: drawing up the lease; arranging signature
thereof, serving obligatory notices on the tenant, and
the provision of a counterpart to the tenants.
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FULL FACTORING
All you do is receive the rent!
THE CAREFREE PACKAGE
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Full
factoring
Full
factoring is particularly recommended if you would prefer
to delegate the work to an experienced letting agent or
you are not at hand to deal with tenancy administration and
day-to-day problems as they arise. It includes: taking
instructions, preparing particulars, putting up a To Let
sign (if required), advertising for a tenant, dealing
with enquiries, arranging viewings, obtaining references
etc, checking Inventory and Condition Report1 at the start
and finish of the tenancy, preparing and maintaining a
Tenant's Information Book (a feature appreciated by tenants),
arranging for the regular and prompt collection of rent,
ensuring house and contents are adequately insured, arranging
annual landlords gas safety inspection (where required),
remitting surplus funds (normally by the 15th of the month)
to clients or investing same (see below), instructing
maintenance and routine repairs during and between tenancies to buildings and contents
(subject to pre-set limits instructed), keeping the Council
Tax office informed of changes, paying appropriate local
taxes, arranging non-residents tax exemption application,
advising on other tax aspects, providing quarterly cash
accounts and, if required, a statement of receipts and
expenses for tax purposes, and all other incidental matters,
correspondence and attendances.
To keep our charges low, it is not our practice each month to send receipted tradesman's invoices as the narrative in the quarterly cash account should provide the information required. We will be pleased to supply vouchers for expenditure for a specific period or a specific item, or to discuss any expenditure occurred, on a specific request at any time. |
BENNETTS
DO NOT FACTOR HOLIDAY LETS.
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TENANT FIND
We set up the tenancy. You do your own factoring
THE ECONOMY PACKAGE
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Finding
and signing up a tenant
Taking
instructions, preparing particulars, dealing with enquiries,
arranging viewing, obtaining references etc. This service
is only available on a sole agency basis.
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INVESTING
THE RENT
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When
we receive the rent we can of course remit what is left
after expenses to you by regular standing order to your
bank or otherwise. If you leave money with us, it earns
1% below bank+ base rate, less tax, and is instantly available.
If, however, you want to maximise your return then we
can arrange for the money to be invested at higher rates
of interest or in other forms. Investment advice is free.
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Please
ask for details of our charges.
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