Abby Properties provides a range of letting and management services based on the experience, skills and expertise of our lettings team. As members of ARLA Propertymark, SafeAgent, The London Rental Standard and Property Ombudsman you can be assured that we have a detailed understanding of the lettings and management sector and will ensure that you are given the best possible service.
By being a member of ARLA Propertymark it is a requirement for members to have Client Money Protection (CMP). CMP is a compensation scheme which recompenses landlords and tenants should an agent misappropriate their rent, deposit or other client funds. It is now mandatory for all letting agents in England and Wales to have Client Money Protection.
People from all walks of life are looking to become involved in the rental market whether Investors, Companies, people who need to relocate with their work or homeowners who are having difficulty in selling their own properties. Increasingly, large numbers of people are entering the ‘Buy to Let’ sector as an opportunity for investment.
As a result, Landlords have come to expect extensive knowledge and expertise from the Agency they choose to act in their interests.
We would suggest you find a local agent who is associated to a Trade Association such as ARLA Propertymark (the Association of Residential Lettings Agents). In choosing us, you have come to the right place.
ARLA Propertymark is an independent organisation solely concerned with the letting market. It ensures that its affiliated agents meet specific professional standards and fulfil other strict criteria such as provision of a separate client account for collection of clients’ money and availability of a bonding scheme to protect the client in the event of misappropriation of clients’ funds.
Having chosen your agent, you will be required to prepare your property for rental and below we list a few guidelines to assist you: The rental market as with any other is competitive therefore, in order to obtain the best possible Tenants; you must present your property in the most effective way, here are some of the measures we suggest:
Other important considerations for Landlords before Letting:
This Tenancy is attractive to Landlords as it offers market rents without security of tenure beyond the contractual term and the majority of Tenancies are based on this format. However, certain criteria must first be met:
a) The Tenant must be an individual
b) The property must be the Tenant’s main residence/home
c) The rent cannot exceed £25,000 per annum
d) The Landlord must not occupy the same property
If the property is let under an Assured Short hold Tenancy, the Landlord can issue a Section 21 Notice to guarantee possession provided the term of the Short hold is expired and not less than two months notice has been given by the Landlord stating he requires possession.
If court action is needed, this can be obtained on a number of different grounds against the Tenant.
However, it should be noted that is a criminal offence under the Protection from Evictions Act 1977, for a Landlord to threaten or forcibly evict a Tenant.
You will need to decide whether you require your agent to simply market your property and find a Tenant or whether you would prefer to engage the services of their Managing Agents.
Whether you chose to opt for a Managing Agent or not, Abby Properties as your Letting Agent will firstly provide colour property details and a rental valuation which will be based on the popularity of the area, proximity to transport, rental price of similar property handled and decorative condition to name but a few.
It is important to price your rent fairly but realistically in order to attract the most suitable Tenant. Your rental property will be regularly advertised in the local press and publications dedicated to the letting industry as well as displayed in our offices and feature on our website and other sites such as Rightmove, Zoopla, Findaproperty Primelocation, Gumtree and many more to ensure maximum exposure. We also contact any listed prospective Tenants, local companies and relocation agents.
Should you decide to employ us as your Managing Agent, we will also field calls, arrange viewings, vet prospective Tenants and obtain references, draw up contracts and advise you on your Safety and Repairs obligations.
Thorough credit checks are carried out on all prospective Tenants as we can reserve the right to decline an application where necessary in the interests of protecting the Landlord’s investment. These can be obtained through us as your Managing Agent and include references from the Tenant’s employer and previous Landlord.
This is usually done on a calendar monthly basis and is forwarded to the Landlord via any previously approved method after any agreed deductions have been made for contractors etc.