Top things to consider
We've put together a brief list of issues for you to think about before letting your property.
We'd be pleased to discuss your specific situation with you, why not contact us.
Where the property to be let is subject to a mortgage, the landlord must always get the lenders written approval before a tenancy starts. This is to protect both the landlord and tenant during the tenancy. Fenn Wright cannot obtain this approval on a landlords behalf, therefore we will always assume that, if your property is mortgaged, you have the appropriate consent to let in place.
It is essential you insure your property and your contents (if relevant) adequately, both while the property is empty and while it is let. Your insurers must be told that the property is to be let. Failure to do so may invalidate your cover. Fenn Wright can recommend a professional insurance company with a full range of landlord insurance policies.
Tenants are responsible for insuring their contents.
Security systems (locks on windows and external doors, lights and even full alarm systems) are often considered essential by prospective tenants, and are taken into consideration by all the leading insurance companies when calculating premiums.
Decorations and carpets
We recommend that these should be fresh and neutral in terms of colour and style. Higher quality properties will always attract better quality tenants and therefore it is vital that a property is well presented to meet the expectations of a potential tenant.
Unfurnished or furnished?
Tenant demand is greater for properties that are let unfurnished, which traditionally includes just carpets, curtains and a cooker. This works well for landlords, who avoid becoming responsible for furniture and the annual testing and maintenance of electrical appliances.
These should be of good quality and condition and serviced regularly. It is important that full instructions for use are left at the property to avoid the need to call in an engineer to demonstrate. Gas and electrical appliances must meet legal safety requirements and oil appliances should be tested every year.
It is essential that the property is handed over in clean condition. We recommend that the property be professionally cleaned throughout, including all carpets. This provides a benchmark that will be recorded in the inventory and schedule of condition, and will allow us to maintain a high standard through subsequent tenancies.
We can provide the names of reputable and economical cleaning contractors.
The garden should be left in good seasonal order, as tenants will be responsible for its maintenance and upkeep. However, some landlords provide a gardening service, particularly if the garden is large or complicated to look after. We can help find suitable gardeners, either for a full maintenance service or for hedge cutting and pruning and a general tidy.