TERMS & CONDITIONS FOR LANDLORDS
This Agreement is made between the Landlord of the Property (as named at the end of this agreement) and GOOD NEIGHBOURS ESTATES who agrees to act as agent for the Landlord and is hereinafter referred to as “The Agent”.
The purpose of this document is to set out clearly and concisely the extent of the letting and management service offered and the scale of fees charged.
STANDARD MANAGEMENT SERVICE
We provide a property management service to owners (and superior landlords) wishing to let out their property. The standard fee for the management is taken as a percentage of the gross rents due for the period of the tenancy and a set-up fee will normally be levied at the outset for taking references and arranging the tenancy.
The Standard Management Service includes:
- Advising as to the likely rental income
- Advertising and generally marketing the Property.
- Interviewing prospective tenants and taking up full references including bank reference, and employer or previous landlord character reference. Where necessary, additional security would be requested, by means of a guarantor. In the case of a company, a full bank reference would be taken.
- Preparing the Tenancy Agreement necessary for the Landlord to gain protection of the relevant Rent and Housing Act, and renewing the Agreement where necessary, at the end of the Term. Liaising with a Landlord’s mortgagees where necessary with regard to references and Tenancy Agreement.
- Taking a deposit from the tenant to be held by the Landlord. It is the Landlord’s responsibility to ensure the deposit is placed in a Government Authorised Tenancy Deposit Scheme. One such scheme is Tenancy Deposit Solutions Ltd (TDSL). Website: www.mydeposits.co.uk or The DPS, The Pavilions, Bridgwater Road,Bristol BS99 6AA . Tel 03303030030
- Collecting the rent monthly and paying over to our Landlord monthly (normally sent within 15 days of collection) less any fees or expenses due for the period. Payments will be made by direct bank transfer together with a detailed rent statement. A rent guarantee scheme can be arranged for the first 6 months of the tenancy.
- Arranging with services companies (principally electricity and gas) for meter readings and advising them of the transfer of service contracts to the tenant at the beginning of each tenancy.
- Co-ordination of repair or maintenance including arranging for tradesmen to attend the Property and obtaining estimates where necessary, supervising works and settling accounts from rents received.
- Collecting and forwarding Landlord’s mail.
Additional items and other expenses will be charged according to the scale of fees defined below.
Although the aim is to take every care in managing the property, Good Neighbours Estates cannot accept responsibility for non-payment of rent (unless the Landlord has a agreed a rent guarantee scheme, which in this case the rent is guaranteed for the 1st 6 months), damage or other default by tenants, or any associated legal costs incurred in their collection.
An insurance policy is recommended for this eventuality. We would advise you to take out ‘Homelet Specialist Landlord’s Insurance Solutions.’ Please ask us for more details.
Good Neighbours Estates Limited, Registered in England & Wales NO4511465,
Registered office:
28 Plumstead High Street, London SE18 1SL
LANDLORD FEES – OUR CHARGES AND SERVICES
