How to let your property

Whether you are currently letting, or just thinking about letting your house, flat, apartment, home, or other residential property, you probably have dozens of questions and things on your mind

How to let your property

 

Following on from ‘Letting your home in Newark, Grantham and the surrounding area‘, in this article, we’ll aim to answer some more of your questions on how to let your East-Midlands property.

Q: How much will I get for my property?

A: Fluctuating economic factors of supply and demand, plus amenities, location, accommodation and condition must all be taken into account when considering a rental value.  If you’d like to find out exactly how much you could expect to rent your property for, a senior member of our  team can come and visit your property to give you a free market appraisal.  If this is something you’d like to find out more about, call your local branch on the number above.

Q: How is the rent paid?

A: Typically a standing order is set up from the tenant’s bank account, and the rent will be paid into one of our designated clients bank accounts on a monthly basis.  Our fully computerised systems mean that the rent is then paid via the bank, directly into the account of your choice on a monthly cycle. Rental statements are provided for the completion of your annual tax return.

Q: What sort of agreement is used?

A: We let with an assured short-hold tenancy.  We usually recommend an initial term of six-months, though longer can be arranged by negotiation.  Whilst allowing the tenants to have a property that they regard as home, our tenancy agreement clearly states the obligations of both the landlords, and the tenants.

Q: What is an inventory, and do I need one?

A: At the start of each tenancy, a comprehensive list detailing condition, cleanliness and contents of the property, which forms part of the Letting Agreement. At the end of each tenancy, before deposits are returned, the property will be checked against the inventory. Without a documented record of the condition of the property at the outset of the tenancy, any dispute about any damage beyond normal wear and tear would be difficult to resolve and would result in the Tenancy Deposit Scheme (TDS) automatically finding in favour of the tenant. There is so much more that we could tell you about letting your property in Newark & Grantham, so if you still have unanswered questions, why not give your local branch a call or email us. Keep checking back for more Q&A posts, the next in the series will be here soon.

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