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Lettings & Rentals

Morris Bricknell provides a comprehensive Letting & Management service. There are two main levels of service available:-

1) Letting Only Service where the Landlord wishes to manage the property and we find a Tenant, undertake credit and other references and take a full inventory.

2) A Full Letting and Management Service where we deal with the Tenant on all matters, this service often being required by busy people or those who live overseas, etc. Many of the properties are let on a medium or long term basis.

We are also able to deal with the Management of Rural Estates .  If you would like to discuss this, please contact Nigel Morris on 01989 768320.

If you are considering Letting your house or acquiring a property to let, the following is worthy of consideration.

Prospective Landlord

We act on behalf of a wide variety of Landlords.  In some instances, the property that we are letting is the principal family home, when for example an owner has been posted overseas with the Armed Forces or perhaps working abroad on a two year contract.

We also act for Landlords, where perhaps a self employed person is not part of a Company Pension Scheme, and is relying on an income from property during his or her retirement.

Whatever the circumstances, a Landlord will wish to know that his Tenant is being chosen with care and, in most instances, we would also encourage the Landlord to meet the Tenant.  Most properties are let under Assured Shorthold Tenancies and are unfurnished.  For our part, we undertake credit reference checks via MARAS, a National Credit Referencing Agency whom we find reliable and fast.  Depending upon whether you, the Landlord, require a Tenant Finding Only Service, or require our Full Letting & Management Service, the next stage would be the preparation of an Inventory, copies of which are signed by both Tenant and Landlord/Agent, a further Inventory check being undertaken at the termination of the Tenancy.  The Deposit Monies are held independently by the Deposit Protection Service.

If the property to be let has substantial gardens, then we would often recommend that the Landlord or we, their Agent, arrange to contract out the maintenance, since in the majority of cases Tenants would not wish to be responsible for significant gardening.  There are of course exceptions!  Some years ago, a wonderful Tenant handed back a garden which was in fact more beautiful than when the Tenancy began!

Meter Readings are also taken.  In almost all cases, Tenants will be responsible for all domestic services e.g. water, electricity, gas, telephone, etc.  together with paying Council Tax. There will occasionally be exceptions for a variety of reasons.

Tenancy

The Home Office has set out new guidelines regarding new Tenants.  Checks need to be made to see that they are allowed to work in the UK and have the necessary paperwork together with photo identity such as passport or driving licence.

Energy Performance Certificates (EPC)

EPCs are a mandatory requirement for all new Tenancies.  Creation of an EPC will entail an Energy Assessor visiting your property in order to provide a rating of Energy Efficiency.  The certificate will normally last for 10 years for let property, but a curious anomaly is that on the Sale of domestic property, an EPC must be obtained every time the property is sold.

Deposits

 All deposits taken for an Assured Shorthold Tenancy must be held under the protection of a Government Approved Tenancy Deposit Scheme.  Landlords contravening this Law face considerable sanctions if the Law is not complied with.

Landlords Insurance

A Landlord remains responsible for insuring the structure of the let property & appliances, and it is critical to inform your Insurance Company in writing that you are letting the property, since not all Insurance Companies will provide cover for letting.

If the property is let furnished, we would also recommend a dialogue with your Insurance Company.

Mortgage

Should the property to be let be held under a mortgage, the Company must be informed prior to letting, and agreement reached, usually on paying a one-off Insurance Indemnity Fee to protect the Mortgage Company in obtaining vacant possession.

Conclusion

Letting a property is not to be undertaken without considerable thought, particularly since Legislation now requires one to jump through many hoops.  The intentions behind the Legislation are sound.  It is plainly extremely important that all heating and electrical systems should be absolutely safe and not liable to compromise any issue of safety.

In conclusion, we offer a Letting Only Service, which is charged on the basis of 50% of the first month’s rent with a minimum charge of £350 + VAT.

We also offer a Full Letting & Management Service.  This is charged at 10% of the rental monies collected + VAT plus £150 + VAT to prepare the inventory and Record of Condition.