Guide To Letting
Our Guide To Letting Your Property
The last few years have seen a significant rise in the demand for private rental property as many people are investing in Buy-to-Let as a viable alternative to stocks and shares.
Whether you are an experienced investor, landlord, or private individual letting for the first time, the professional expertise and knowledge of the team at Magicbrick will ensure you are getting the most from your property.
Location and type of property are of paramount importance when considering whether to rent your property. Our lettings department is experienced in advising which investments are worth making in order to attract the right tenants and therefore maximize your return.
At Magicbrick, we pride ourselves on offering a personal service to both landlords and tenants, while maintaining a high standard of competence and professionalism.
With our ethos of unparalleled customer care, you can be assured that the landlords’ interests are our priority, irrespective of the level of service you choose.
With a dedicated and knowledgeable team of lettings specialists available seven days a week, we demonstrate our commitment to providing the best service possible to our landlords.
Our Services
Introduction only :
- Prepare marketing particulars including photographs, floor plans, and “TO LET” boards.
- Advertise the property in the local press and on selected internet sites, including property portals such as Zoopla and Magicbrick.
- Arrange and conduct professional viewings.
- Subject to receiving payment in advance, Magicbrick will organize gas certificates, electrical certificates, or inventories where required.
- Collect and hold five weeks’ deposit as a member of the TDS (Tenancy Deposit Scheme). Alternatively, the landlord can join another government-approved deposit scheme to hold it or place it in a government bond.
Rent Collection – as above plus:
- Monthly rental collection.
- Rental balance paid direct into landlord’s account.
- Produce a monthly rental statement.
- Pursue the tenant professionally if rent is in arrears.
Management Service - includes Introduction Only and Rent Collection services plus:
- Periodic inspections with written reports (The first in the third month and then every six months thereafter).
- First point of contact for the tenant.
- Process all maintenance problems which arise during the tenancy, including arranging access and instructing contractors, subject to landlord’s approval.
- Process payments to contractors following the completion of work.
- Organising renewal Gas Safety certificates.
The Market Appraisal
Our experienced members of staff will undertake a free, no-obligation careful appraisal of your home, based upon a number of factors from accommodation, condition, location, current demand, comparison to similar available properties, and properties we have already let. We will also provide you with advice on what steps you can take to improve your property in order to maximize your rental income. We will also advise you on all current legal requirements for landlords.
Mortgage
You will require consent to let from your mortgage lender in writing, and it is worth noting that they may charge a small administration fee for giving consent.
Insurance
You will require buildings/contents insurance to cover your property and contents, whether the property is occupied or vacant.
Security
Most tenants are attracted to a property with security such as window locks and alarms, and this may also help to reduce insurance premiums.
Security
Most tenants are attracted to a property with security such as window locks and alarms, and this may also help to reduce insurance premiums.
Rent & Legal
If you select our Rent collection or Management Service, we can offer a service (at additional cost) against any loss of rental due to a tenant defaulting in payment and legal expenses relating to an eviction.
Marketing
As well as our own website, Magicbrick advertise on the largest property portal in the country such as, Zoopla. We also have a large number of potential tenants registered on our online database who are immediately notified via email and telephone when your property comes onto the market with us.
Marketing
As well as our own website, Magicbrick advertise on the largest property portal in the country such as, Zoopla. We also have a large number of potential tenants registered on our online database who are immediately notified via email and telephone when your property comes onto the market with us.
Furnished or Unfurnished
Experience and demand suggests that most rental property is let unfurnished except for white goods (kitchen appliances), carpets and curtains. Any appliances supplied should be of good quality and gas appliances must be tested annually to meet current safety standards. It is advisable that a PAT test (portable appliance test) is carried out on electrical items before the tenancy commences.
Tenancy Agreement
In order to protect landlords’ interests our tenancy agreement, which has been approved by ARLA, will be drawn up to meet specific requirements of each tenancy individually.
Tenancy Agreement
In order to protect landlords’ interests our tenancy agreement, which has been approved by ARLA, will be drawn up to meet specific requirements of each tenancy individually.
Presentation
Decoration should be kept fresh and neutral and personal items should be removed where possible. As a general
rule, a higher level of decorative finishing will result in more offers from potential tenants. Your property should be thoroughly cleaned before and after each rental term, preferably by a professional cleaning company and the garden should always be well-maintained.
Referencing & Credit Checks
At Magicbrick we have prospective applicants registering daily and ensure all tenants are approved prior to
arranging viewings. We are also in regular contact with relocation companies offering access to numerous international corporate clients. We pride ourselves in finding professional applicants and carry out credit searches which include background financial checks, landlord and employer references.
Referencing & C r e d i t C h e c k s
At Magicbrick we have prospective applicants registering daily and ensure all tenants are approved prior to
arranging viewings. We are also in regular contact with relocation companies offering access to numerous international corporate clients. We pride ourselves in finding professional applicants and carry out credit searches which include background financial checks, landlord and employer references.
Rental & Deposit
Once the tenancy agreement has been signed, payment is taken for the first month’s rental and the deposit (five weeks rental). Funds must be cleared before the tenant takes occupancy. We also help tenants set up a standing order for future rental payments.
Deposit Scheme
Once the tenancy agreement has been signed, payment is taken for the first month’s rental and the deposit (five weeks rental). Funds must be cleared before the tenant takes occupancy. We also help tenants set up a standing order for future rental payments.
Deposit Scheme
Magicbrick is a member of the Tenancy Deposit Scheme. The Tenancy Deposit Scheme is administered by:
The Dispute Service Limited
PO Box 1255
Hemel Hempstead
Herts HPI 9GN
Phone: 0300 037 1000
Web: www.tenancydepositscheme.com Email: deposits@tenancydepositscheme.com