Landlords

Landlord Information

Letting your property can be a very time consuming experience and with current legislation and regulations it can be quite complex too. This is where we come in, our aim is to make sure the process runs as smoothly as possible and to give you peace of mind that your investment is in safe hands.  We focus on ensuring vacant periods are kept to a minimum and your property receives the best return on investment.

First things first, we will carry out a rental valuation and fully market the property on property portals such as Zoopla, a ‘To Let’ board is also placed outside the property. Prospective tenants will always be accompanied on viewings by an experienced staff member.

We carry out full and thorough referencing and affordability checks on prospective tenants and where necessary arrange a guarantor agreement.

We will prepare and issue an Assured Shorthold Tenancy Agreement and will renew the agreement when necessary. A full property inventory will also be completed for signing. In addition we will collect a security deposit and complete the required registration with the Deposit Protection Service.

We will collect monthly rental payments in advance which are then sent to your designated bank account. A statement of account is then prepared and issued to you electronically.

Regular inspections of the property are carried out and we will always let you know once we have completed them.

At the start of each tenancy we will liaise with the statutory service providers such as water, gas and electricity. We will take meter readings and will transfer the service contracts in to the tenants name.

At the end of each tenancy we will carry out a final inspection to make sure the property is returned in a good state. We will also liaise with the Deposit Protection Service to make sure the deposit is either returned or any fair deductions are made.

We have great links with local tradesmen so if your property needs any repair or maintenance we can arrange this on your behalf and coordinate any repair work.

The letting of property is now closely regulated with respect to consumer safety. The law makes particular demands regarding the safety, servicing and inspection of the gas and electric appliances and installations within a property. In addition, smoke alarms are a legal requirement and we also request that a carbon monoxide alarm be fitted. An Energy Performance Certificate (EPC) is also required prior to marketing. From April 2018, landlords must ensure that properties they rent out reach at least an EPC rating of an E. View2Rent will happily arrange any of these certificates on your behalf.

From the 23rd November 2016 Rent Smart Wales was introduced, this gave new legal obligations to Landlords who have rental property in Wales. Landlords who are not involved in setting up tenancies and managing their rental properties do not need a licence. However, they must use a licensed agent and register as a landlord declaring their agent on the registration. We can provide you with all the relevant information regarding the Rent Smart Wales licencing process, you can also visit the website www.rentsmart.wales.gov for further information.

View2Rent can offer a fully managed service, this service is suitable for landlords who do not wish to be involved in the day to day running of the tenancy. We also offer a let only service, this service is suitable for landlords who do wish to manage the day to day running of their property but require assistance in finding a suitable tenant. We also offer rent protection options and legal assistance insurance under our fully managed service.

Our fee structure for letting and managing your property is clear and there are no hidden costs. The fee for a fully managed service is 10%+VAT, in addition we charge a letting fee which is calculated on the type of property in question. Our management fee is reduced for multiple instructions. Our fee for a let only service is between £249.00+VAT and £349+VAT.

Safety Requirements

Gas – 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 installation, and thereafter every 12 months by a Gas Safe registered engineer.

Electrics – Under the Electrical Equipment (Safety) Regulations 1994, the General Product Safety Regulations 1994 and the Plugs and Sockets (Safety) Regulations 1994 electrical appliances and equipment provided in tenanted premises must be safe. It is necessary therefore to make a visual check to ensure all electrical items, plugs and leads appear completely safe and undamaged, and remove or replace any faulty items.

Furniture and Furnishings (Fire)(Safety) Regulations 1988 – This regulation is to provide that specified items supplied in the course of letting a property must meet minimum fire resistance standards. The regulations apply to all upholstered furniture, beds, headboards and mattresses, sofa beds, futons, nursery furniture, scatter cushions, pillows and non-original covers for furniture. The regulation does not apply to furniture made before 1950.