Landlords Info
If you currently own or intend to purchase residential
property for rental in AYRSHIRE, you should consider
engaging our property management service. You'll find
it both professional and cost-effective. As we are specialists,
we know how to manage property for optimum performance,
whilst ensuring smooth running tenancies, and compliance
with the various landlord/tenant laws. Maximise the return
on your investment - contact
us now. If you own or intend purchasing residential
property for rental in any other area, please go to our UK
Network page.
Our Services include:
- Visiting you at your property, and providing a rental
valuation and any other advice which you may require
about letting your property.
- Advising you on compliance with the various safety
regulations.
- Locating suitable tenants. Your property will be
advertised if necessary, however we have excellent
contacts with various company and other establishment
personnel departments, and furthermore usually have
tenants waiting.
- Accompanying tenant applicants to view the property.
- Obtaining and evaluating references and credit checks.
- Preparing a suitable tenancy agreement and arranging
signature by the tenant.
- Collecting and holding as stakeholders a deposit
(bond) from the tenant.
- Preparing an inventory and schedule of condition.
- Checking the tenant into the property and agreeing
the inventory.
- Supervising the transfer of gas, electricity and
council tax accounts into the tenant's name.
- Receiving rental payments monthly in advance, and
paying you promptly, together with a detailed statement
from our computerised management systems.
- If required paying regular outgoings for you from
rental payments.
- Inspecting the property periodically, and reporting
any problems to you.
- Arranging any necessary repairs or maintenance,
first liaising with you in the case of larger works.
- Keeping in touch with the tenant on a routine basis,
and arranging renewals of the agreement as necessary.
- Checking tenants out as required, reletting and
continuing the process with the minimum of vacant periods
to ensure that you receive the optimum return from
your property.
We maintain a flexible attitude, and are generally able
to adapt our service to meet our client's individual
circumstances and needs, for example by providing a part
only service, or alternatively by taking on additional
tasks and duties.
Our Fees
Our initial letting and advertising charge is just £150,
and our ongoing management commission is only 10% of
monthly rental payments. We make an admin charge of £50
for each renewal of an existing agreement. There is also NO
VAT to pay giving you even greater RETURN ON YOUR
INVESTMENT.
There are no other standard fees or charges. No up front
charges - nothing to pay until a tenant moves in and
starts paying rent.
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Guide for Landlords
Before a property can be let, there are several matters
which the owner will need to deal with to ensure that
the tenancy runs smoothly, and also that he/she complies
with the law. For brief details of a subject click on
a blue link below, or scroll down the page. If you require
further advice or assistance with any matter, please
do not hesitate to contact us:
IMPORTANT NOTE: A range of new legislation affecting landlords is being phased in during 2006 relating to: Houses in Multiple Occupation (HMOs), Selective Licensing, Tenancy Deposit Protection, Housing Health and Safety Rating System (HHSRS), and Accreditation Schemes. As you would expect, we will provide all of our landlord clients with adequate information and advice on these provisions to ensure that they, and we, remain firmly on the right side of the law.
Mortgage
If your property is mortgaged, you should obtain your mortgagee's written consent
to the letting. They may require additional clauses in the tenancy agreement
of which you must inform us.
Leaseholds
If you are a leaseholder, you should check the terms of your lease, and obtain
the necessary written consent before letting.
Sub-letting
If you are a tenant yourself, you will require your landlord's consent.
Insurance
You should ensure that you are suitably covered for letting under both your
buildings and contents insurance. Failure to inform your insurers may invalidate
your policies. We can advise on Landlord's Legal Protection, and Landlord's
Contents insurance if required.
Bills and regular outgoings
We recommend that you arrange for regular outgoings e.g. mortgage, service
charges, maintenance contracts etc. to be paid by standing order or direct
debit. However, where we are Managing the property, by prior written agreement
we may make payment of certain bills on your behalf, provided such bills are
received in your name at our office, and that sufficient funds are held to
your credit.
Council tax
Council tax is the responsibility of the occupier. You should inform your local
collection office that you are leaving the property. During vacant periods
the charge reverts to the owner. When unoccupied but furnished, the charge
is 50% of the normal rate. When unoccupied and 'substantially' unfurnished,
there is no charge for the first six months, and thereafter a charge of 50%
of the normal rate.
East Ayrshire Council™
East Ayrshire Council Tax™
North Ayrshire Council™
North Ayrshire Council Tax™
South Ayrshire Council™
South Ayrshire Council Tax™
The inventory
It is most important that an inventory of contents and schedule of condition
be prepared, in order to avoid misunderstanding or dispute at the end of a
tenancy. Without such safeguards, it will be impossible for the landlord to
prove any loss, damage, or significant deterioration of the property or contents.
In order to provide a complete service to the landlord, we will if requested
arrange for a member of staff to prepare an inventory and schedule of condition,
at a cost to be quoted.
Income tax
When the landlord is resident in the UK, it is entirely his responsibility
to inform the Inland Revenue of rental income received, and to pay any tax
due. However, where the landlord is resident outside the UK during a tenancy,
under new rules effective from 6 April 1996, unless an exemption certificate
is held, we as landlord's agents are obliged to retain and forward to the Inland
Revenue on a quarterly basis, an amount equal to the basic rate of income tax
from rental received, less certain expenses. An application form for exemption
from such deductions is available from this Agency, and further information
may be obtained from the Inland Revenue.
Important safety
regulations
The following safety requirements are
the responsibility of the owner (the landlord), and
where we are to manage
the property, they are also ours as agents.
Therefore to protect all interests we ensure full compliance with the appropriate
regulations, at the owner's expense.
Gas Appliances & Equipment
Annual safety check: Under the Gas Safety (Installation and Use) Regulations 1998 all gas appliances and flues in rented accommodation must be checked for safety within 12 months of being installed, and thereafter at least every 12 months by a competent engineer (e.g. a CORGI registered gas installer).
Maintenance: There is a duty to ensure that all gas appliances, flues and associated pipework are maintained in a safe condition at all times.
Records: Full records must be kept for at least 2 years of the inspections of each appliance and flue, of any defects found and of any remedial action taken.
Copies to tenants: A copy of the safety certificate issued by the engineer must be given to each new tenant before their tenancy commences, or to each existing tenant within 28 days of the check being carried out.
Electrical Appliances & Equipment
There are several regulations relating to electrical installations, equipment and appliance safety, and these affect landlords and their agents in that they are 'supplying in the course of business'. They include the Electrical Equipment (Safety) Regulations 1994, the Plugs and Sockets Regulations 1994, the 2005 Building Regulation - 'Part P, and British Standard BS1363 relating to plugs and sockets. Although with tenanted property there is currently no specific legal requirement for a qualified electrician to carry out an inspection and issue a safety certificate (as exists in the case of gas appliances), it is now widely accepted in the letting industry that the only safe way to ensure safety, and to avoid the risk of being accused of neglecting your 'duty of care', or even of manslaughter is to arrange such an inspection and certificate.
Furniture & Furnishings
The Furniture and Furnishings (Fire) (Safety) Regulations 1988
(amended 1989, 1993 & 1996) provide that specified items supplied
in the course of letting property must meet minimum fire resistant
standards. The regulations apply
to all upholstered furniture, and beds, headboards and mattresses, sofa-beds,
futons and other convertibles, nursery furniture, garden furniture suitable
for use in a dwelling, scatter cushions, pillows, and non-original covers
for furniture. They do not apply to antique furniture or furniture
made before
1950, bed clothes including duvets, loose covers for mattresses, pillowcases,
curtains, carpets or sleeping bags. Therefore all relevant items as above
must be checked for compliance, and non-compliant items removed
from the premises.
In practice, most (but not all) items which comply must have a suitable permanent
label attached. Items purchased since 1.3.90 from a reputable supplier are
also likely to comply.
General Product Safety
The General Product Safety Regulations 1994 specify that any
product supplied in the course of a commercial activity must
be safe. In the case of letting,
this would include both the structure of the building and its contents. Recommended
action is to check for obvious danger signs - leaning walls, broken glass,
sharp edges etc., and also to leave operating manuals or other written instructions
about high risk items, such as hot surfaces, electric lawnmowers, etc. for
the tenant. Preparing the property
for letting
We have found from experience that a good relationship
with tenants is the key to a smooth-running tenancy. As Property
Managers
the relationship part
is our job, but it is important that the tenants should feel comfortable in
their temporary home, and that they are receiving value for their money. This
is your job. Our policy of offering a service of quality and care therefore
extends to our tenant applicants too, and we are pleased to recommend properties
to rent which conform to certain minimum standards. Quality properties attract
quality tenants.
General condition
Electrical, gas, plumbing, waste, central heating and hot water systems must
be safe, sound and in good working order. Repairs and maintenance are at the
landlord's expense unless misuse can be established.
Appliances
Similarly, appliances such as washing machine, fridge freezer, cooker, dishwasher
etc. should be in usable condition. Repairs and maintenance are at the landlord's
expense unless misuse can be established.
Decorations
Interior decorations should be in good condition, and preferably plain, light
and neutral.
Furnishings
It is recommended that you leave only minimum furnishings, and these should
be of reasonable quality. It is preferable that items to be left are in the
property during viewings. If you are letting unfurnished, we recommend that
the property contains carpets, curtains, and a cooker.
Personal items, ornaments etc
Personal possessions, ornaments, pictures, books etc. should be removed from
the premises, especially those of real or sentimental value. Some items may
be boxed, sealed and stored in the loft at the owner's risk. All cupboards
and shelf space should be left clear for the tenant's own use.
Gardens
Gardens should be left neat, tidy and rubbish-free, with any lawns cut. Tenants
are required to maintain the gardens to a reasonable standard, provided they
are left the necessary tools. However, few tenants are experienced gardeners,
and if you value your garden, or if it is particularly large, you may wish
us to arrange maintenance visits by our regular gardener.
Cleaning
At the commencement of a tenancy the property must be in a thoroughly clean
condition, and at the end of each tenancy it is the tenant's responsibility
to leave the property in similar condition. Where they fail to do so, cleaning
should be arranged at their expense.
Mail forwarding
We recommend that you make use of the Post Office redirection service. Application
forms are available at their counters, and the cost is minimal. It is not the
tenant's responsibility to forward mail.
Information for the tenant
It is helpful if you leave information for the tenant on operating the central
heating and hot water system, washing machine and alarm system, and the day
refuse is collected etc.
Keys
You should provide one set of keys for each tenant. Where we are Managing we
will arrange to have duplicates cut as required.
Further Landlords Information and useful links
LandlordZONE™
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