Landlord Process


1Accurate valuation

The achievable rental value of your property is determined by many factors including time of availability, location and number of bedrooms, local services and amenities, the cosmetic appearance and overall condition of the property. Latymers Estate Agents will advise you on a realistic rental value taking into all these factors into consideration together with the current state of the local market.

2Consider Property Management

Looking after a rented property is easy when you have responsible tenants and live locally. However, if anything does go wrong, from a boiler breaking down to a tenant losing their job it can get very stressful. There is a mountain of legal obligations, with seemingly more forms to complete every day. Let us take the strain and manage your property for you. We can ensure that you’re protected in every way and we’ll work hard to make sure you’re not out of pocket financially. We’re proud of our knowledge of the industry and will always act in your best interests at all times.

3Preparing your property for tenancy

Latymers Estate Agents vigorously market all our available stock across a wide variety of mediums. We subscribe to Rightmove, Zoopla, OnTheMarket and we display your properties on our website as well as with in our shop window. We have many highly visible, strategically placed ‘To Let’ boards in the area. Your property will receive maximum exposure using a combination of these methods backed up by daily contact with pre-vetted potential tenants from our database. We aim to avoid void periods and to maximise the return on your investment.

4Marketing your property

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5Receiving an offer

Once we receive an offer, we will relay that information to you, together with detailed information on the potential tenants. We check their situation, employment status, who is intending to move in, and how long they are looking to rent for. As the Landlord, you have the final say as to whether you wish to proceed and accept their offer. If not, viewings will continue until a suitable tenant is found.

6Offer agreed

At this point, we will ask for a holding deposit from the applicants and ask them to visit the office with their Right to Rent ID which will be checked and copied. We will also commence the referencing process. During this time, viewings are suspended until all checks have been completed to everybody’s satisfaction. If the deal falls through at any point, we will re-commence viewings immediately.

7References checked

All tenants will undergo thorough background checks. We use an independent reputable referencing company to report on their suitability and credit-worthiness, including their payment history on any previous lending and any adverse credit e.g. CCJ’s or bankruptcies. Their identity is also verified as is their right to live and work in the UK – We cover the Right to Rent checks including whether they are subject to any immigration control. If they have rented properties in the past, we will ask their Landlords to provide us with a reference. This information is provided by a variety of sources including credit reference agencies like Experian or Equifax and is compiled into a report which gives a final credit score, and whether they have passed or failed. From that we can paint a very good picture on their suitability as a tenant for your property.

8Move In Monies taken and agreement signed

Once all referencing is completed and deemed satisfactory, we then ask the tenants to pay their first months rent and security deposit. Upon receipt of cleared funds, we will arrange for the tenancy agreement to be drawn up and signed by all parties. All deposits are protected in a Government approved deposit scheme.

9Move In Date

If an inventory was taken, the Clerk will meet the tenants at the property to conduct the check in process. The meter readings will be taken, the keys will be photographed and then handed to the Tenant. If the property is managed, we will also retain a set of keys at our offices. Within seven days the inventory will be sent to the Tenant for them to agree and sign, with any amendments highlighted within 14 days or the inventory will be locked down.

Property Valuations

Latymers are a talented and experienced team of property professionals that consistently challenge the traditional concept of an ‘estate agent’. We have an intimate knowledge of the local area, market trends and current sales values and can give a solid and accurate advice on what might be a realistic asking price across our client’s properties.

In addition, our targeted level of media and online exposure on the UK’s most successful online property portals and professional suite of sales materials improves the marketability of your home with exposure to the widest possible audience. As a result, we are able to help you achieve the maximum selling price possible for your home.

Property Management

As the London rental market continues to boom so too has the demand from tenants for a professional property management service. Our service is focused on providing the best letting experience for tenants as well as landlords. Our tenant management is so successful that many insist on renting another Latymers property when moving on from their current home.

We thoroughly vet all our tenants before accepting them as residents, choosing high calibre corporate and private individuals to ensure that properties in our care receive the respect they deserve.

Happy tenants = happy landlords

Quality Marketing

We utilise all available routes to market for our clients’ properties and leave no stone unturned at every stage of a sales or lettings transaction. We assure our clients that their properties will receive the highest levels of marketability and that they will be viewed by the widest possible audience through exposure in the UK’s most successful online property portals, high social media penetration and a professional suite of physical and digital sales materials. As a result, we are confident that we can find the right buyer or tenant and deliver the maximum selling or rental price for our clients’ properties.

Featured Properties

Fees

When renting a property, you will need to take into consideration the lettings cost and charges when you make an offer.

Holding Deposit: You will be required to pay a holding deposit equivalent to one week’s rent in order to take the property off the market. The week’s deposit will be taken as part of the full 5 week’s deposit required before the start of the tenancy.

Security Deposit: This is usually the equivalent of 5 weeks’ rent, payable prior to the commencement of your tenancy to cover the added risk of property damage that is beyond fair wear and tear. This deposit will be protected in a Government-authorised scheme and may be returned at the end of the tenancy. All deposits are held in our Clients Account and protected by Clients Money Protection Scheme.

Advance Rent: Rent is usually payable in advance for each tenancy. You will therefore need to pay the first month’s rent prior to the commencement of your tenancy.

Professional Cleaning: Tenants will usually be responsible for paying for a professional clean at the end of the tenancy. Costs can vary depending on the size of the property and your requirements, payable to the cleaning company.

Lastly, the Tenant/s will pay all utility bills, telephone and Council Tax where applicable.

Should you have any question, please do not hesitate to contact our lettings team on: 0208 741 2233 or email at: info@latymers.co.uk