Guide for first time Landlords
Are you ready?
It is important as a first time Landlord that you are sure about your decision to let your property as all our tenancies are a minimum of 6 months. Letting your property is a big decision.
Furnished or Unfurnished?
For all properties there are safety standard regulations you must adhere to. Should any item become unfit for purpose during a tenancy please bear in mind a like for like replacement may be required. It is also important to note if you are offering furnished accommodation you will need additional insurance to cover your contents. This is something we’d be more than happy to help you with.
By law the landlord must comply with fire, gas, electric regulation and provide a prospective tenant with the relevant certificates prior to them taking occupation. We can arrange all this for you to ensure all checks are carried out on a regular basis. We will also ensure your property has the correct amount of smoke alarms and will test them each time we carry out an Inspection to ensure they are in good working order.
Finding a Tenant
At Roy Peters, we believe that getting the best tenant from the beginning is paramount to a successful tenancy, which is why we fully check all potential tenants.
You will be provided with a detailed inventory to give you peace of mind that your property will be left in a acceptable condition based on the duration of the tenancy.
It is also vital that you get Landlord’s insurance cover as most standard household policies will not provide the protection you require.
Here at Roy Peters we offer a service to advise and quote on the correct Landlords insurance for your needs at a competitive price. In the unfortunate event of having to make a claim we take the stress out of the process by dealing with it every step of the way.
Full Management Service 10 % plus VAT
With VAT At 20% this equates to 12 % inc. VAT
Inventory Costs inc. Deposit Protection £ 50.00 inc. VAT
Advertising in Derbyshire Times At cost to RPE
Tenancy Renewals £ 30.00 inc. VAT
Inspection of Vacant Properties if required £ 30.00 inc. VAT
Final Hand back of Property to Clients £ 48.00 inc. VAT
Commercial Fees are available upon request
The Association of Residential Letting Agents, ARLA
The National Approved Letting Scheme and Safe Agents, NALS
The Property Ombudsman Lettings, TPO lettings
We have Client Money Protection and are Members of the
TPO Redress Scheme