People from all walks of life are looking to become involved in the rental market whether Investors, Companies, people who need to relocate with their work or homeowners who are having difficulty in selling their own properties. Increasingly, large numbers of people are entering the ‘Buy to Let’ sector as an opportunity for investment.
WHERE TO START?
1. Local Lettings Agent – we would suggest you find a local agent who is associated to a Trade Association such as ARLA (the Association of Residential Lettings Agents). In choosing us, you have come to the right place.
ARLA is an independent organisation solely concerned with the letting market. It ensures that its affiliated agents meet specific professional standards and fulfill other strict criteria such as provision of a separate client account for collection of clients’ money and availability of a bonding scheme to protect the client in the event of misappropriation of clients’ funds.
The agent may also be a member of NALS (the National Approved Letting Scheme) which is a government backed accreditation scheme providing peace of mind to both Landlord and Tenants through the knowledge that firms within NALS offer high levels of customer service.
2. Having chosen your agent, you will be required to prepare you property for rental and below we list a few guidelines to assist you:
The rental market as with any other is competitive therefore, in order to obtain the best possible Tenants; you must present your property in the most effective way.
For any other advice contact us.
3. Other important considerations for Landlords before Letting
The Inventory is required whether the property to let is furnished or unfurnished and accurate descriptions of the overall condition of wall/floor coverings, kitchen and bathroom fittings to name but a few are essential. Amounts cannot be withheld from the Tenant’s deposit unless the loss or damage is proved to have been caused by the Tenant.
In the event that any dispute concerning loss or damage to your property is not amicably resolved then the matter will be referred to the Courts and arbitration but should be noted that any judgement will be on the basis of written documentation – the Inventory.