FAQs

A guide for Landlords on property lettings

 

How do I know what rent I can achieve?

Rents are generally determined by the local market. Country and Coastal Lettings are experts at arriving at a fair and achievable rental valuation for any given property. Rents can also be determined to a large extent by the size of property including how many bedrooms plus other individual property features such as gardens, garages, parking etc. The location of the property is also of great significance and even other details such as the property being within close proximity to local amenities such as schools and leisure facilities. To arrange a FREE and current market rental valuation please call our office on 01243 375676.

How Long Will It Take To Find A Tenant

This can vary due to differing reasons but if the property is correctly priced, it should normally take anything from 1 week to 4 weeks to let the property subject to contract. The actual letting process can take up to two weeks. In this time, the referencing, credit checks, drawing up of contracts, inventories, cleaning and any maintenance is organised and, in many instances, an EPC, gas safety certification and electrical testing also.

Who will conduct viewings on my property and when will they occur?

Our efficient and experienced team carry out viewings and always endeavour to go the extra mile, doing evening viewings or weekends if prospective tenants are unable to book an appointment to view within normal office hours.

How will I know that I have a good tenant?

We know that success in a good tenancy lies in finding the very best quality tenant. As such we put all applicants through a rigorous application process. This ensures that all previous history is brought to light and that we have a strong knowledge on the applicant’s past. Once we have verified an applicant we pass on all details to you in order that you have the final say on whether an applicant is accepted or not.

What is an inventory and who produces this?

An inventory is a vital document that sets out both the condition of the property and it’s contents. It is a record that is referred to during periodic inspections of the property to cross reference items and for the final check out on the day your tenant moves out. All of our inventories are typewritten and also carry photographs clearly illustrating the condition at the time of check in. Any discrepancy that is discovered later on can easily be verified with the ability to withhold monies from the initial deposit save for fair wear and tear.

How much deposit is paid by the tenant?

This will depend on the type of property being let. For most properties we suggest a deposit that is equal to one month’s rent. However, you are free to specify the level of deposit required up to reasonable limits.

How do deposit protection schemes work?

For all Assured Shorthold Tenancy Agreements, it is a legal requirement to register a tenant deposit. We work with a Government approved tenancy deposit scheme, the Deposit Protection Service. Deposits must be registered within 30 days of receiving the deposit.

Do I have to provide furniture?

This will depend to a great extent on the type of property you are letting. For all professional lets we recommend that you keep any furniture to a minimum as tenants are likely to either have their own or wish to buy new. If you do provide furniture you will need to ensure that all soft furnishings comply with fire safety regulations.

If you are considering letting on a house share basis your tenants are more than likely going to expect a basic level of furniture including a bed and mattress, wardrobe, drawers and a desk and chair

How are maintenance issues resolved?

As a customer of Country and Coastal Lettings you will be assigned a personal Property Manager. It is the Property Manager’s responsibility to keep a close eye on all reports of maintenance and repairs. Your Property Manager will ensure that these are acted on swiftly and under the best terms using only qualified and approved contractors. If you have your own contractors and wish to use these we are happy to agree this also.

What insurances do I need to provide?

As a landlord is it important to always have sufficient insurance in place. You want to protect what is possibly your biggest ever investment. This means buildings insurance is a must and always check with your mortgage provider as this is normally a requirement. At the same time we also recommend having a contents insurance policy in place regardless of whether you are letting your property furnished or not. A good quality contents policy will provide a level of liability cover in the event of an accident occurring in the property for which the tenant can make a claim against you.

There is also rent guarantee insurance available which will cover your rent if for any reason the tenant does not pay their rent. Please ask us for more information as we work closely with an excellent specialist insurance company.

Do I have to provide furniture?

The current letting market dictates that unfurnished rental properties are much more preferable for tenants as it is much more common for tenants to have heir own furniture when moving.

Do I have to provide white goods?

There is no legal requirement to provide white goods such as washing machines, dishwashers and tumble dryers. Should you wish to provide any white goods the legal obligation falls on the part of the landlord to maintain or replace these.

What is an inventory and who produces this?

An inventory is a vital document that sets out both the condition of the property and it’s contents. It is a record that is referred to during periodic inspections of the property to cross reference items and for the final check out on the day your tenant moves out. All of our inventories are typewritten and also carry photographs clearly illustrating the condition at the time of check in. Any discrepancy that is discovered later on can easily be verified with the ability to withhold monies from the initial deposit save for fair wear and tear.

Will I have to pay tax on my rental income?

All rental income is treated as taxable income. However, please remember that you are allowed to make a number of deductions from rental income including maintenance and repairs, advertising costs, accounting and letting agent fees. We would always advise landlords to seek professional legal advice in relation to tax.

 

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