Welcome
to Hayward Higgs Property Management
Information for Landlords
SPECIALISTS
We are a
local, independent firm specializing in Residential Lettings
and Property Management.
As
specialists we are fully focused on the priorities and needs
of the Landlord, and, unlike estate agents, our loyalties
are not divided by dealing with property sales and
mortgages.
We
understand that letting your property, especially for the
first time, can be a worrying experience and with this in
mind our most important consideration is providing you, the
Landlord with the best possible service and the right tenant
for your property. We never forget that the property is your
most important asset and we can confidently assure you that
by instructing us to act as your Letting and Management
Agents your asset will be in professional and caring hands.
COMPETITIVE RATES
Our fees
are competitive and may be open to negotiation dependent on
the level of Service required. We are particularly committed
to investment Landlords and savings can be made on the
smallest of portfolios.
A
PERSONAL SERVICE
We pride
ourselves in offering a personal and friendly Service,
whilst at the same time maintaining a high standard of competence
and professionalism.
CAREFULLY SELECTED QUALITY TENANTS
Drawn
from a continually updated register, all prospective Tenants
are thoroughly referenced and credit checked. In some cases
we will also require a guarantor.
OUT OF
HOURS SERVICE
For our
initial meetings with you we will if necessary be pleased to
visit your property outside normal office hours, at a time
that is convenient to you, and thus fit in with your busy
schedule.
LEVELS
OF SERVICE OFFERED
A
TAILORED SERVICE
Outlined below are the two basic
elements of our Service. However, we maintain a flexible
attitude, and are generally able to adapt our Service to
meet our client's individual circumstances and needs, for
example by providing a part-only Service, or occasionally by
taking on additional tasks and duties.
1. FULL
MANAGEMENT
This is
our inclusive Service, which provides for the marketing of
the property and carrying out viewings, leading to the
introduction and vetting of a prospective Tenant. This
proving satisfactory, we will then go ahead and prepare the
tenancy agreement, and if required an inventory. The Tenant
will then be checked in against the inventory.
During
the tenancy we carry out periodic inspection visits. Should
these bring to light any maintenance issues, we will (within
the confines of our Management Agreement) recommend, oversee
and account for any necessary repairs.
Collecting and processing of rental payments is also part
of the Service.
Towards
the end of the tenancy, we will liaise with the Tenant, and
renew the tenancy agreement or arrange to check them out as
applicable.
This
Service is suitable for those Landlords who are not residing
locally, or would rather not deal with the Tenants directly,
preferring all aspects to be handled by an Agent.
2. LETTING ONLY
Our
Letting Only Services includes marketing of the property and
carrying out viewings, leading to the introduction and
vetting of a prospective Tenant. This proving satisfactory,
we will then go ahead and prepare the tenancy agreement, and
if required an inventory.
Following this, the first month's rent and a security
deposit will be collected. These will be credited to the
Landlord less our agreed fee. Managing the tenancy,
including the maintenance and rent collection, will then be
the responsibility of the Landlord.
PREPARING
THE PROPERTY
We
have found that a good relationship with Tenants is the key
to a smooth-running tenancy. As Property Managers this
relationship is our job. It is important that the Tenants
should feel comfortable in their temporary home, and that
they are receiving value for their money. It follows
therefore that a well maintained property in a good
decorative order will go towards this, whilst also achieving
a higher rental figure. Tenants are also more inclined to
treat such a property with greater respect.
GENERAL CONDITION
Electrical, gas plumbing, waste,
central heating and hot water systems must be safe, sound
and in good working order. Repairs and maintenance are at
the Landlord's expense unless misuse can be established.
Interior decorations should be in good condition and
preferably plain, light and neutral.
FURNISHINGS
Your property can be let fully
furnished, part furnished or unfurnished. Which of these is
appropriate will depend on the type of property and local
market conditions. We will be pleased to give you advice on
whether to furnish or not and to what level. As a minimum
you will need to provide decent quality carpets, curtains
and light fittings. Remember that there will be wear and
tear on the property and any items provided.
PERSONAL
ITEMS, ORNAMENTS ETC.
Personal possessions, ornaments,
pictures, books etc. should be removed from the premises,
especially those of real or sentimental value. Some items
may be boxed, sealed and stored in the loft or similar
secure facility on the property, but at the owner's
risk. All cupboards and shelf space should be left clear for
the Tenant's own use.
GARDENS
Gardens should be left neat, tidy
and rubbish free, with any lawns cut. Tenants are required
to maintain the gardens to a reasonable standard, provided
they are left the necessary tools. However, few Tenants are
experienced gardeners, and if you value your garden, or if
it is particularly large, you may wish us to arrange regular
visits
by our gardener.
CLEANING
At the commencement of the tenancy
the property must be in a thoroughly clean condition, and at
the end of each tenancy it is the Tenants' responsibility to
leave the property in a similar condition. Where they fail
to do so, cleaning will be arranged at their expense.
INFORMATION FOR THE TENANT
It is helpful if you leave
information for the Tenant, e.g. on operating the central
heating and hot water system, washing machine and alarm
system, and the day refuse is collected etc.
KEYS
You should provide one set of keys
for each Tenant. Where we will be managing we will arrange
to have duplicates cut as required.
GENERAL
ADVICE FOR LANDLORDS
MORTGAGE
If your property is mortgaged, you
should obtain your mortgager's written consent to the
letting. They may require additional clauses in the tenancy
agreement of which you must inform us.
LEASEHOLDS
If you
are a leaseholder, you should check the terms of your lease,
and obtain any necessary written consent before letting.
INSURANCE
You
should ensure that you are suitably covered for letting
under both your buildings and contents insurance. Failure to
inform your insurers may invalidate your policies. We have a
broker who can give advise on Landlord's Legal Protection, Rent Guarantee Cover
and Landlord's Contents and Buildings Insurance if required.
BILLS
AND REGULAR OUTGOINGS
We
recommend that you arrange for regular outgoings e.g.
service charges, maintenance contracts etc. to be paid by
standing order or direct debit. However where we are
managing the property, by prior written agreement we may
make payment of certain bills on your behalf, provided such
bills are received in your name at our office, and that
sufficient funds are held to your credit.
COUNCIL TAX UTILITY ACCOUNTS
We will
arrange for the transfer of Council Tax and utility accounts
to the Tenant. Meter readings will be taken, allowing your
closing gas and electricity accounts to be drawn up. All
these matters we will handle for you, however British
Telecom will require instructions directly from both the
Landlord and the Tenant.
INCOME
TAX
When
resident in the UK, it is entirely the Landlords
responsibility to inform the Inland Revenue of rental income
received, and to pay any tax due. Where the Landlord is
resident outside the UK during a tenancy, the landlord will
require an exemption certificate from the Revenue and
Customs before we can receive rental balances without
deduction of tax. Where we are managing the property we
will provide advice and assistance on applying for such
exemption.
THE
INVENTORY
It is
most important that an inventory of contents and schedule of
condition be prepared, in order to avoid misunderstanding or
dispute at the end of a tenancy. Without such safeguards, it
will be impossible for the Landlord to prove any loss,
damage, or significant deterioration of the property or
contents. In order to provide a complete Service, we will if
required arrange for a member of staff to prepare an
inventory and schedule of condition, at the cost quoted in
our Agency Agreement.
HEALTH
AND SAFETY , AND OTHER LEGAL REQUIREMENTS
The
following requirements are the responsibility of the owner
(Landlord). Where we are managing the property they are
also our responsibility. Therefore where we are managing
the property we will ensure compliance, any costs of which
will be the responsibility of the Landlord.
GAS
Annual
safety check
Under
the Gas Safety (Installation and Use) Regulations 1998 all
gas appliances and flues in rented accommodation must be
checked for safety within 12 months of being installed, and
thereafter at least every 12 months by a competent engineer
(i.e. a CORGI registered gas installer).
Maintenance
There is
a duty to ensure that all gas appliances, flues and
associated pipe work are maintained in a safe condition at
all times.
Records
Full
records must be kept for at least 2 years of the inspections
of each appliance and flue, of any defects found and of any
remedial action taken.
Copies to
tenants
A copy
of the safety certificate issued by the engineer must be
given to each new tenant before their tenancy commences, or
to each existing tenant within 28 days of the check being
carried out.
ELECTRICAL
There
are several regulations relating to electrical installations,
equipment and appliance safety, and these affect landlords
and their agents in that they are 'supplying in the course
of business'. They include the Electrical Equipment
(safety) regulations 1994, the Plugs and Sockets
Regulations 1994, the 2005 Building Regulation - 'Part P,
and British Standard BS1363 relating to plugs and sockets.
Although with tenanted property there is no legal
requirement for an electrical safety certificate (except
in the case of HMOs) it is widely accepted in the letting
industry that the only safe way to ensure safety and to
avoid the risk of being neglecting your 'duty of care', or
even of manslaughter, is to arrange an inspection and certificate
FIRE
The
Furniture and Furnishings (Fire) (Safety) Regulations 1988
(amended 1989 & 1993) provide that specified items supplied
in the course of letting property must meet minimum fire
resistance standards. The regulations apply to all
upholstered furniture, beds, headboards and mattresses,
sofa-beds, futons and other convertibles, nursery furniture,
garden furniture suitable for use in a dwelling, scatter
cushions, pillows and non-original covers for furniture.
They do not apply to antique furniture or furniture made
before 1950, bedcovers including duvets, loose covers for
mattresses, pillowcases, curtains, carpets or sleeping bags.
Items which comply will have a suitable permanent label
attached. Non-compliant items must be removed before a
tenancy commences.
SMOKE
ALARMS
All
properties built since June 1992 must have been fitted with
mains powered smoke detector alarms from new. Although there
is no legislation requiring smoke alarms to be fitted in
other ordinary tenanted properties, it is generally
considered that the common law 'duty of care' means that
Landlords and their Agents could be liable should a fire
cause injury or damage in a tenanted property where smoke
alarms are not fitted. We therefore strongly recommend that
the Landlord fit at least one alarm on each floor (in the
hall and landing areas).
IS
YOUR PROPERTY A HOUSE IN MULTIPLE OCCUPATION (HMO)?
If
your property is on 3 or more levels and let to 5 or more tenants
comprising 2 or more households (i.e. not all of the same
family) it will be subject to mandatory licensing by your
local authority. Whether mandatory licensing as above
applies or not, if there are 3 or more tenants not all
related in any property, it is still likely to be an HMO,
and special Management rules apply. Learn more here: http://www.communities.gov.uk/publications/housing/licensinghouses
THE
HOUSING HEALTH AND SAFETY RATING SYSTEM
The
HHSRS provides an analysis of how hazardous a property is
through assessment of 29 potential hazards found in
housing. Landlords have to maintain their properties to
provide a safe and healthy environment. The HHSRS is
enforced by local authorities. for further information
visit http://www.communities.govuk/hhsrs
THE
TENANT DEPOSIT SCHEME
From
the 6th of April 2007,all deposits taken by landlords and
letting agents under Assured Shorthold Tenancies (ASTs) in
England and Wales must be protected by a tenancy deposit
scheme. Landlords and letting agents must not take a
deposit unless it is dealt with under an approved tenancy deposit
scheme. To avoid any disputes going to court, each scheme
will be supported by an alternative dispute resolution
service (ADR). Landlords and letting agents are able to
choose between two types of scheme; a single custodial
scheme and two insurance-based schemes. You can learn more
on the government website, which includes an overview of
the requirements, and also links to the sites of companies
running the various schemes: http://www.direct.gov.uk/en/tenancydeposit/index.htm.
THE
DISABILITY DISCRIMINATION ACT 2005
The
DDA 2005 addresses the limitations of current legislation
by extending disabled peoples rights in respect of
premises that are let or to be let, and commonhold
premises. Landlords and managers of let premises and
premises that are to be let will be required to make
reasonable adjustments for disabled people. Under the new
duties, provided certain conditions are met (for example,
that a request has been made), landlords and managers of
premises that are to be let, must make reasonable
adjustments, and a failure to do so will be unlawful
unless it can be justified under the act. Landlords will
only have to make reasonable adjustments, and they will
not have to remove or alter physical features of the
premises. Learn More Here: http://www.dwp.gov.uk/aboutus/dda_factsheet4-premises.pdf
ENERGY
PERFORMANCE CERTIFICATES (EPCs)
From
the 1st of October 2008 landlords in England and Wales
offering property for rent will be required by law to
provide prospective tenants with an Energy Performance
Certificate for their property. In Scotland EPCs for
rental properties will be required by January 2009. The
certificate must be provided free either when (or before)
any written information about the property is provided to prospective
tenants or a viewing is conducted. A new certificate will
not be required on each let since, in the case of rental
property, EPCs will be valid for 10 years. The requirement
is being introduced to comply with the EU's Energy Performance
of Buildings Directive (EPBD) which applies to all
property, including rented property. This became law in
2003 and allowed until January 2009 for full
implementation so as to provide time for sufficient
numbers of energy assessors to be trained. The directive's
requirements were introduced in England and Wales along
with the controversial Home Information Pack regulations
that require sellers to produce packs providing information
about their title, local searches, plus an EPC. We can
arrange an EPC inspection for our Landlord clients upon
request. The cost is £60 + VAT (£70.50)
IN SUMMARY
We trust that the general points covered in this guide will
be of assistance to you. If there are any aspects of which
you are unsure, please telephone our office. Alternatively
we can visit you at your home to discuss your individual
requirements, at your convenience.
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