Tenant Find Only Service

Let and Collect Service

Management Service

Inventory Service

Tenancy Agreements

Additional Services

• HOME LETS inspect the property and advise in anticipated rental value, together with any other relevant aspects. In each case please refer to Gas Appliances/Low Voltage Electrical Equipment and Fire and Furnishing Regulations for landlords, in the Terms and Conditions section.
• To comply with current legislation, the landlord must supply HOME LETS with valid Test Certificates for Electric Appliances and Gas Appliances prior to the property being let.
• Advertise your property to ensure maximum coverage and use our best endeavours to find a suitable tenant.
• Accompany all applicants to the property - avialability of keys to the property at your earliest convenience would assist greatly, or arrange a mutually convenient appointment with you or any existing tenant.
• Negotiate terms satisfactory to both parties
• Take up references: Bank, Employer, Past Landlord, Personal, Plus Credit Check which covers a three year period. HOME LETS make every effort to ensure that the tenants are of good character, however, any recovery of monies owing, loss of rent or cost of reposssession will be the Landlords responsibility. Landlords Legal Protection and Rent Guarantee Policies are available - please ask for details.
• Prepare tenancy agreement, landlords should, however, satisfy themselves that the agreement is suitable and advise HOME LETS of any changes/additions or ammendments.
• Hand over keys to tenant.
• Prepare and deliver an account to you with cheque for the rental (after deductions as per HOME LETS account).
• In the event of an early departure of your tenant HOME LETS will credit pro rata fees for the remainder of the period for which charge has been made to a further letting with a new tenant introduced by HOME LETS, subject to an administration fee. Fees will not be credited if the tenant vacates owing to an ongoing maintenance problem/fault of the landlord.

• Collection of rentals throughout the tenancy.
• Remittance of net rent (after deduction of fees etc) direct to you, or into your stated bank/building society clearing account HOME LETS are linked to Bank Autopay by computer, for fast efficient payment of rentals to landlords.
• Negotiation of new terms for any extension of the tenancy (if desired) - if not dealing with appropriate notice for termination.
• Account prepared on a monthly basis.

Fee 10% + VAT assessed in accordance with the rental payable under the agreement and any extension thereof with some/all of the tenants introduced by HOME LETS.

MANAGEMENT SERVICE

In addition to those items previously listed HOME LETS will for the busy/absent landlord attend to day to day management, supervisory and administration tasks associated with the property to include:-

• Attend to readings of the service meters at commencement and at the end of the tenancy, arrange for transfer into the tenants name (if applicable) will be made from available funds. Note: Charge for reconnection of telephone into your name at conclusion of the tenancy will be yours to settle.
• Attend the property once during a six month agreement. HOME LETS will visit more frequently, if required. The charge per additional visit is £25.00 + VAT. HOME LETS will report to you should there be any matter we feel requires your attention.
• Arrange for repairs, cost of which are not the tenants responsibility up to £150 (this amount can be amended by mutual agreement at the start of a tenancy agreement). Repairs will be arranged as we see fit and without automatic reference to you. Should this figure be likely to be exceeded we shall firstly obtain an estimate for your approval. Please note that this will not apply in the event of an emergency. No fees will be levied on repairs up to £750.00. In excess of this figure, a supervisory fee will be charged at 10% + VAT of the contractors net invoice.
• Fully account to you on a monthly basis as to receipt and disbursement of monies received.

 Fee 12.5% + VAT assessed in accordance with the rental payable under the agreement and any extension thereof with some/all tenants introduced by HOME LETS. (Special offers are available - please ask for details*)

*Please note if you wish to instruct HOME LETS on a Sole Agency Basis we will be pleased to agree a discount. In addition discounts are available for Investment Landlords with 3+ properties.

INVENTORY SERVICE

Every letting must be accompanied by a complete inventory for your own protection. HOME LETS are able to prepare a full inventory, together with notes on condition of the property.

Please note that to comply with present legislation the following must be clearly marked on an inventory.

• Compliance with Fire and Furnishing Regulations 1993. See Terms and Conditions.
• Low Voltage Electric Equipment: All electrical equipment must be supplied with a complete instruction leaflet.
• Gas appliances should be marked with test dates.

The inventory is checked in at commencement of the tenancy and is a record for later reference in the event of any dispute arising with your tenant. Check out occurs at the conclusion of the tenancy.

If you are providing your own inventory it must be typed and in room by room format and mention everything in the property and its condition, together with the decorative condition throughout.

Fee on a time spent basis as £30.00 per hour + VAT. Check in/out inspection visits are charged at £30.00 + VAT per visit.

TENANCY AGREEMENTS

HOME LETS can, totally independently of any other matter offer a Tenancy Agreement Service. This will follow a standard and accepted format ensuring your position within current legislative provisions.
Fee when combined with any other HOME LETS service £50.00 + VAT.

ADDITIONAL SERVICES

• Arrange repairs (not falling within the Management Service) Refurbishing/Purchasing or Furnishing/Accessories 10% of outlay.
• Negotiating insurance claims arising during the tenancy HOME LETS will charge 10% of the total claim value plus VAT subject to a mininum fee of £50 + VAT.
• Financial Services - when considering the alternatives to rental, re-mortgage etc - a no obligation facility - simply telephone for full details. HOME LETS are also able to quote for mortgage to purchase further property - especially for those with negative equity.
• General Insurance to cover tenanted property - buildings and contents.
• Landlords legal and rent guarantee policies.
• Applying to Court for Possession/Warrant of Possession. Fee on time spent basis. Time Spent Basis Charge for this section £25.00 per hour.
• For an outline of our services or for a full brochure please ring our office on 020 8684 3456