Love Living

Landlords Guide To Letting

Hassle-free and managed by our team of experts.

When it comes to managing your rental property, doing it yourself can be risky and cause you problems. By utilising our team of lettings experts you’ll be making your life easier and we stay on top of all legislative changes so you don’t have to.

We understand people have busy lives, so we provide an easy to use client login software that gives you a full breakdown into the status of your property and allows you to access vital information 24/7.

  • Just Finding
  • 8% + VAT (9.6% including VAT)
  • Agree the market rent and find a tenant in accordance with the landlord expectations
  • Recommendations on furnishings and décor
  • Provide guidance on compliance when renting
  • Carry out viewings and provide feedback
  • Market the property and advertise on relevant portals
  • Erect board outside property
  • Collection
  • 9% + VAT (10.8% including VAT)
  • Agree the market rent and find a tenant in accordance with the landlord expectations
  • Recommendation on furnishing and décor
  • Provide guidance on compliance with renting
  • Carry out viewings and provide feedback
  • Market the property and advertise on relevant portals
  • Erect board outside property
  • Pursue non-payment of rent and provide advice on action
  • Advise on non-resident tax status and HMRC (if relevant)
  • Collect and remit the monthly rent received after fees deducted
  • Managed with free rental
    protection included
  • 10% +VAT (12% including VAT)
  • Rental cover included for peace of mind
  • Legal cover included
  • Arranging relevant property license with the council
  • Arrange installation of smoke and carbon monoxide alarms
  • Arrange professional cleaning and detailed inventory service
  • Collect and remit monthly rent received after fees deducted
  • Pursue non-payment of rent and provide advice on action
  • Manage accounts and deduct for work when required
  • Update councils and utility providers when required
  • Inspect the property and provide detailed condition reports
  • Arrange routine repairs with your consent
  • Hold keys for ease of access
  • Provide annual rent reviews, ensuring you always maximise your rental return
  • Deal with relevant notices to vacate
  • Monthly financial statements making accounting a breeze
  • Full access 24/7 to your online property file to check status of repairs, processes and accounts
  • Arrange the checkout, negotiate disbursements, and return of security deposit

Accurate valuation

Accurate valuation

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

Consider Property Management

Consider 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.

Preparing your property for tenancy

Preparing your property for tenancy

Decide whether to let your property furnished or unfurnished. Furnished properties will give a better visual impression to the prospective tenants on how the property will look, making it more likely to rent quicker. If the quality of the furniture warrants it, you can charge a premium rental price than if it was unfurnished. However, the down side is that offering the property furnished will increase costs over time as wear and tear necessitate replacing the furniture.

We recommend that the landlord provides white goods as a minimum (washing machine, cooker and fridge freezer) if letting the property unfurnished.

Flexibility is key as this will broaden the appeal of the property to prospective tenants as individual requirements vary. Anything surplus to requirements should be removed and placed into storage if need be.

Marketing your property

Marketing your property

Love Living Hackney actively market all our available stock across a wide variety of mediums.

We advertise properties on Rightmove, Zoopla and on our website. 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.

Receiving an offer

Receiving 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.

Offer agreed

Offer 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.

References checked

References 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.

Move In Monies taken and agreement signed

Move 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.

Move In Date

Move 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.

Fees

Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme Membership details - The law requires your membership details

Property Redress Scheme Membership details - The law requires your membership details