We operate a NO LET NO FEE POLICY meaning there is no charge to you until we have let your property.
Tenant Find Service
Once a landlord has formally appointed us to let a property, we will take care of everything to ensure the property is let quickly and with the minimum of fuss.
We will accompany prospective tenants on viewings and interview them to obtain credit references and guarantees where appropriate, then we will advise you of any applications immediately.
Preparing the documentation required by the current legislation and collecting the deposit and first month’s rent is all part of the service.
It is the landlord’s responsibility to register the deposit with a government approved scheme. However, if the landlord wishes us to register the deposit on their behalf a fee is applicable. Please contact us for further details.
After that it’s over to you for the on-going management of the let.
Rent Collection Service
This option will work best for landlords who want to handle the day-to-day management of their property themselves, but want an agent to handle rent collection and negotiations in addition to the Tenant Find Service.
This is one less thing to worry about. We will collect rent on your behalf and pay it over to you by online bank transfer less our fees.
To make your life easier, we will monitor payments, issue statements and inform you if your tenants fall behind.
Plus we will hold your tenant’s security deposit in a government approved scheme and arrange an inspection at the end of a tenancy, if we prepared the original inventory.
Full Management Service
We can take complete control of your rental from start to finish.
Once you have agreed to let the property, for an additional fee we will arrange the Inventories and Schedules of Conditions you need prior to a tenant signing up. We will also hold your tenant’s security deposit in a government approved scheme.
Managing the Deposit
By law the tenant’s deposit is required to be held within a government approved scheme and at Property Factor we use the DPS.
We will carry out an inspection after four months and provide you with a report. When any repairs are required we will notify you to obtain approval prior to any work being carried out.
We will contact you two months before the end of the tenancy to discuss your future plans. If the tenant is moving out, we will arrange a full inspection and inventory check and agree any dilapidations (above fair wear and tear) with the tenant before releasing their deposit upon your approval.
If you are a first time landlord or one with many years’ experience, our Full Management Service will offer total peace of mind.