How much is my property worth?
The Lettings market is extremely transient and therefore prices are frequently changeable. It is vital that you get an up to date professional valuation (as you would if you were selling the property). A valuation appointment should take no more than 40-60 mins.
What are your fees?
When should I start marketing?
We can, and frequently do advertise properties which are available for immediate occupation, but as a rule of thumb, 6-8 weeks prior to the property being available is a good timeframe to get the ball rolling.
Should I offer the property furnished or unfurnished?
Every marketplace and property type will have its own trends, but typically there is little or no difference in the asking rent whether the property is furnished or not, and often little difference in the likely timeframe for securing a tenant. As such you can simply do what suits you best, but always seek the advise of your local agent first.
What do I have to do to get the property ready?
In order to market the property and prior to tenants moving in will need to ensure you have smoke detectors on either floor, a gas/elec safety cert (where applicable) and fire safety regulation labels on all soft furnishings (if the property is to be offered furnished).
Do I need to be insured?
You must have Buildings Insurance cover. Talk to your insurance co or your Letting Agent about a Landlords package.
What is the likely length of the tenancy?
An Assured Shorthold Tenancy Agreement can be anything from 6 months to 2 years. The most common type of contract is a 12 month term with a reciprocal break clause on or after 6 months of continuous tenure.
How much notice do I have to serve to regain possession?
What reference checks are undertaken?
At Waterfords we instruct an external and independent referencing agency to carry out a credit search, an employment reference, a bank reference, a current/previous Landlord reference. Personal references can also be requested. A final report will be given to the Landlord for approval before he/she signs the tenancy agreement.
How much deposit is held?
We take 1.5 months deposit as standard for each tenancy. All tenancy deposits are held with The Dispute Service www.thedisputeservice.co.uk
How/when will my tenants pay?
Rent is due on the anniversary of the start of the tenancy and it's the tenants responsibility to ensure it is received by this date. Most pay by standing order.
What happens if my tenant stops paying?
You (or we on your behalf) should write to tenants every 7 days requesting the rental payment up until the point at which they are 2 months in arrears and you are in a position to serve notice on the grounds of non-payment of rent.
What happens if my tenant is causing damage or nuisance?
These are both terms of their agreement and your recourse would be to serve notice and end the tenancy.
Who pays council tax?
Tenants are responsible for paying the council tax and any/all utility bills. Landlords must continue to pay any ground rent/maintenance charges.
How does the process work?
From viewing to check in, the process can be undertaken in 7-10 days.