As a landlord you will be pleased to learn that Stuart Thomas are Members of the ASSOCIATION OF RESIDENTIAL LETTING AGENTS. This means you are conducting business with a qualified lettings agent and are safeguarded by us having Clients Money Protection Insurance in place which gives you the peace of mind that your money is in safe hands.
We also subscribe to a 3rd party redress scheme, should you have a complaint to make which we are unable to resolve you are entitled to take your complaint to the redress scheme.
Why You Should Consider Letting Your Property
Whether you have a property for investment, are going abroad, or just cannot sell and want to move on, letting your property will generate a valuable income and can be a safeguard against vandalism and squatters.
Most types of property can be let, from studio apartments to large family houses, provided they have kitchen and bathroom facilities and have main services connected. Tenancy Agreements should be for either 6 or 12 months. These of course can be renewed if required.
Stuart Thomas Estates will be happy to arrange an appointment to inspect your property and advise you on the following matters;
Provide a rental valuation of the property
Advise on repair work and/or decorations prior to letting
Provide general guidance on what fixtures, fittings, furnishings, and equipment should be included in the rental
Advice with regard to Mortgages/Consent letter
Advise on Transfer of Utilities
Advise on the status enquiries and how these are assessed
Advise on what deposits are sought from the tenant
Once You Have Decided To Let Your Property
On receipt of your formal instructions, Stuart Thomas Estates will: –
Prepare particulars of the property for immediate circulation to applicants and companies within the local area. Extensively advertise the property via local newspapers, on our website and on several property portals. We would recommend that a property is first offered for rental 4-6 weeks before it becomes available.
Once a prospective tenants has been secured, we then use a professional tenant referencing agency to collate all the required information about your prospective tenant which will include a full credit check.
Providing the references are all satisfactory we will then prepare the necessary assured shorthold tenancy agreement.
Arrange for the preparation of an inventory and schedule of condition of the property,furnishings and effects.
Collect one month’s rent in advance and hold a further month and a half rent money as a deposit against breakage’s etc. This deposit is only returned to the tenants at the end of the tenancy subject to the property being left in a satisfactory condition.
Inform all Utility Services of the new occupants, i.e. gas, electric, water and council tax dept.
If The Property Is To Be Managed By Us
In addition to our letting service, we have an optional Full Management Service, subject to formal instructions Stuart Thomas Estates will undertake the following: –
Collection of monthly rent and crediting direct to yourself
Preparation of monthly statements
Regular property inspections
Checking out of tenants with full inventory check (if inventory prepared by us)
Supervision of repairs etc, normally up to a maximum of £100.00. for repairs in excess of this amount we will obtain 2 or 3 estimates and of course your approval (except in cases of extreme emergency.
The rental charge is normally exclusive of gas, electricity, water, telephone and council tax, but inclusive of insurance. Under the Assured Shorthold Tenancy Agreements the rent remains static for the period of the tenancy. At the expiry of the Agreement we would re-evaluate the rental figure. You ca find more details in the PDFs below, designed to be read online or printed for your reference.