Other considerations

Before a property can be let, there are several matters which the owner will need to deal with to ensure that the tenancy runs smoothly, and also that he/she complies with the law. I provide summarised information below. If you require further advice or assistance with any matter, please do not hesitate to contact me.

Mortgage

If your property is mortgaged, you should obtain your mortgagee'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. I can provide information on landlords' legal protection, rent guarantee cover, and landlords' contents and buildings insurance if required.

Bills and regular outgoings

I 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 I'm managing the property, by prior written agreement I may make payment of certain bills on your behalf, provided such bills are received in your name at my office, and that sufficient funds are held to your credit.

Council Tax and 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.

What is an Assured Shorthold Tenancy?

Most tenancies will automatically be Assured Shorthold Tenancies (ASTs), provided the rent is under £100,000 a year and the property is let to private individuals. Tenancies are usually granted for an initial fixed term of either six to twelve months. When the fixed term has expired, the landlord is able to regain possession of the property provided he gives two months' written notice to the tenant.