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Landlords

FULL MANAGEMENT SERVICE - 12% inc VAT (10% plus VAT) plus initial let fee of £150 inc VAT (£125 plus VAT)

Richard Watkinson and Partners provide a property management service to owners wishing to let out their property which enables them to be guided through the letting process secure in the knowledge that their property will be managed in a reliable and professional manner. 

We pride ourselves on our competitive, all inclusive fees with no hidden charges, the standard fee for the management being taken as a percentage of the gross rents due for the period of the tenancy and a set-up fee being levied at the outset for, marketing, accompanied viewings, taking references, preparation of the tenancy documents, inventory, property check-in and registration of the surety deposit.

The Full Management Service includes:

1. Property appraisal to ascertain rental income attainable.

2. Preparation of the marketing documents to include photographs.

3. Arranging an in-house Domestic Energy Assessor to complete the Energy Performance Certificate for the property when instructed.

4. Advertising of the property to include Richard Watkinson and Partners website, Rightmove website and local press.

5. Providing a Richard Watkinson and Partners ‘TO LET’ board at the property.

6. Accompanied viewings available six days a week.

7. Interviewing prospective tenants and obtaining full references/credit history, proof of identity and where necessary, additional security would be negotiated by means of a Guarantor or six months rental paid in full at the start of the tenancy.

8. Preparation of the appropriate Tenancy Agreement/Contract and compilation of full Inventory and Schedule of Condition of the property together with photographs.

9. Arranging for a local contractor to complete the Landlord’s gas safety certificate when instructed.

10. Taking a deposit from the tenant, such deposit to be held by the Agent as stakeholder in a Government approved insurance based scheme, until the end of the tenancy when the Property and contents have been checked for unfair wear and tear / dilapidations against the inventory; no interest is payable on deposits held by Richard Watkinson and Partners.  For further information regarding the regulations relating to the holding of surety deposit please go to:

http://www.communities.gov.uk/housing/rentingandletting/privaterenting/tenancydepositprotection/

11. Accompanied check-in of the tenant(s) on the start date of the tenancy against the inventory taken.

12. Collecting the rent monthly, tenants paying by standing order mandate, and paying over to Landlord monthly, less any fees or expenses due or incurred for the period. 

13. Providing a monthly statement showing the rental income and expenditure of the property, which can also be copied to a nominated Accountant if requested.

14. An inspection of the Property will usually be carried out within the first six weeks, and periodically thereafter. 

15. Co-ordination of repair or maintenance including arranging for tradesmen to attend the Property and obtaining estimates where necessary, co-ordination of remedial works and settling accounts through the Landlord rent account as appropriate.

16. Making payments on behalf of the Landlord from rents received for insurance premiums, utility bills not attributable to the tenant, etc. as directed by the Landlord.

17. Serving the appropriate Notices Requiring Vacant Possession when instructed.

18. Completing the check-out at the end of the tenancy; dealing with matters relating to unfair wear and tear and obtaining quotes for remedial works prior to the release of the tenant’s deposit. 

19. Reading the gas, electric and water meters (as appropriate) retaining a record of the readings and writing to the utility companies to advise of outgoing and incoming tenants.

20. Completion of necessary annual return for overseas clients; since April 1996 landlords must obtain an application to receive UK rental income with no tax deducted from the Inland Revenue’s Centre for Non-Residents (CNR) at the commencement of the tenancy.  We will not deduct tax if the Inland Revenue has informed us that you, the Landlord, have been approved to receive rent without deduction.  If this approval is not received, we are legally bound to make deductions at the basic rate.  You may only claim overpayment direct from the Inland Revenue.  For further information on this matter go to:

http://www.hmrc.gov.uk/CNR/

TENANT FIND ONLY SERVICE - 9.6% inc VAT (10% plus VAT) of the first six months' rent

Richard Watkinson and Partners are able to provide an alternative to the Fully Managed Service to those Landlords who wish to oversee the daily management of their own properties once a tenant has been obtained.  Our Tenant Find Only Service involves the same high quality marketing and tenant selection as provided within our Fully Managed Service.

Due to the Government legistlation regarding the protection of the tenant’s surety deposits, it is strongly recommended that a detailed Inventory and Schedule of Conditions be produced prior to the tenants occupation of the property.  We are pleased to be able to provide this comprehensive and detailed document, to include photographic evidence, for an additional charge, upon request.

Richard Watkinson and Partners are legally obligated to obtain proof of the Landlord’s registration with a Government approved deposit scheme prior to the letting of the property.  Further information of the deposit schemes available can be found at:

http://www.communities.gov.uk/housing/rentingandletting/privaterenting/tenancydepositprotection/

The Tenant Find Only Service includes:

1. Property appraisal to ascertain rental income attainable.

2. Preparation of the marketing documents to include photographs.

3. Arranging an in-house Domestic Energy Assessor to complete the Energy Performance Certificate for the property when instructed.

4. Advertising of the property to include Richard Watkinson and Partners website, Rightmove website and local press.

5. Providing a Richard Watkinson and Partners ‘TO LET’ board at the property.

6. Accompanied viewings available six days a week.

7. Interviewing prospective tenants and obtaining full references/credit history, proof of identity and where necessary, additional security would be negotiated by means of a Guarantor or six months rental paid in full at the start of the tenancy.

8. Preparation of the appropriate Tenancy Agreement/Contract and standing order mandate with the Landlord’s bank details.

9. Compilation of full Inventory and Schedule of Condition of the property together with photographs (by separate agreement).

10. Arranging for a local contractor to complete the Landlord’s gas safety certificate when instructed.

11. Obtaining the first month’s rent and surety deposit on behalf of the Landlord from the tenants prior to the tenancy commencement and handing over the keys to the tenant, with signed photographic evidence of the keys given on their move in date.

12. Forwarding the signed tenancy agreements and relevant documents to the Landlord and transfering the monies by bank transfer to the Landlord’s chosen account.