Landlords - Let only service

 

 

 

    

 
 

Let Only

This service is available for those Landlords who wish Key-Lets to completely manage their property without the worry and hassle of managing the tenancy themselves.

The full management service includes:

  •  Advising on all aspects of renting, including a rental valuation and tax liability

  • Marketing the property through press advertising, local companies and inclusion within our website

  • Finding and accompanying prospective tenants to view the property

  • Comprehensive tenant referencing/credit searches

  • Compiling and signing up the tenant on a suitable Tenancy Agreement and serving the appropriate notices

  • Preparing a detailed Inventory and schedule of condition

  • Collecting deposits and rents

  • Ensure the utility accounts are transferred into the tenants own name

 

OVERSEAS LANDLORDS

All overseas landlords are advised to complete an Inland Revenue Non-Resident Landlords application, which we would be happy to supply. On receipt of an exemption certificate from the Inland Revenue, we will then be able to forward all monies due to the landlord without the retention of any Income tax.

Key-Lets has many years of experience acting on behalf of landlords who are either temporarily or permanently living out with the UK for more than six months.  For further information go to

 http://www.inlandrevenue.gov.uk/cnr/nr_landlords.htm#2

Please note that overseas landlords not covered by a tax exemption certificate are liable for UK tax at standard rates.  The Inland Revenue requires any tax due to be paid either by a landlord's UK based managing agent or any tenant staying in the landlord's property.

 

ADVICE
We will arrange a free market appraisal of your individual rental requirements, together with advice on letting procedures, legal issues, insurance, taxation matters and current rental valuation.

MARKETING
We will market your property through our mailing list, local advertising and a register of people seeking suitable accommodation.  This would include:

·       Preparing details and adding to our property availability lists for distribution to Interested parties and throughout our branch network

·       Circulating the details to suitable applicants registered with us

·       Sending the details to a large selection of companies and re-location agents

·       Advertising the property in the local papers. This is free in Ayrshire, however a one off fee of £100 is required in Renfrewshire due to the high cost of local advertising.

·       Place a description and photograph of your property on our website. 

To Let Boards
We will arrange for a 'To Let/Now Let’ board to be erected at your property unless otherwise instructed. We find that this provides excellent advertising for your property and can only compliment the marketing strategy.

VIEWINGS
Accompany prospective tenants to view the property unless otherwise instructed. Advise you as soon as we receive a formal tenancy application. There are no additional charges for this service unlike other letting agents.

TENANT SELECTION
Interviewing and obtaining references on all tenants i.e. credit search, character and employer reference and where possible previous landlords reference. Where necessary, additional security would be requested by means of a Guarantor.
Further Information...

TENANCY AGREEMENTS
Preparation of tenancy agreements, serving the appropriate notices within the terms of current legislation.     Further information...

SURETY DEPOSIT
Hold a Surety Deposit equivalent to one month’s rent for the term of the initial tenancy and subsequent extensions in a secure client account.  This deposit is held for payment against damage or delapidation’s caused by the tenant, allowing for fair wear and tear.    
Further Information...

INVENTORY AND SCHEDULE OF CONDITIONS
Taking a full inventory and schedule of condition of the property, checking in at commencement of tenancy and carrying out an exit inventory at the termination of the tenancy.

UTILITIES
We will give written notification to utility suppliers of gas, electricity, oil or LPG, providing readings and relevant addresses to send on any final accounts.  This service ensures that there is no confusion over whose responsibility an account is and protects you from any misunderstandings over who benefited from a particular supply at a specific time.  If a power card is fitted then it is the Landlords responsibility to ensure that the account is in credit (above the £14 emergency buffer) when the tenant moves in.  Equally the tenant is responsible to ensure the same when they leave.

TAX
Letting is a business and you will be required to pay income tax on the letting income, subject to any allowable deductions.  Such deductions may include mortgage interest relief against rental income, provided that the property is let at a commercial rent and the lease is for at least 26 weeks. Repair, replacement and maintenance costs may also be deductible, provided it is incurred by reason of dilapidation during the period the property has been leased.
We provide monthly statements for all our Landlords anywhere in the world by e-mail or snail mail for tax purposes. 
For further details click here