Landords
Tuesday, 05 January 2010 21:28
At Royal Homes, we are committed to offering you a personal and professional residential and commercial property managing service. as a property management company. Since then the business has built a fist-class reputation founded on delivering the very best customer service and satisfaction.
Royal Homes Management.
The appropriate presentation and marketing of your property is of paramount importance to enable us to achieve the best possible price. We provide three main services to help you ensure your investment is in professional and experienced hands.
These are as follows:
Let Only
Rent Collection
Full Management
For full details please contact us.
Marketing
Upon receipt of the Landlord's formal instruction we will market the property by various means to find a suitable tenant. Where possible a 'To Let' board will be erected at the property also the property will be advertised on our website and on other key property portals. Details will also be displayed in the agency windows. We will contact all suitable prospective tenants and forward the property details to the corporate relocation agents on our database. We accompany all viewings of your property.
Negotiation
We will liaise between the Landlord and Tenant to settle terms and agree the rent.
Landlords information & obligations Permission to Let
You must confirm in writing that you own the property before we can begin marketing. For property which is subject to a mortgage, you may need the Lender's permission to let the property. He/She must ensure that all such appliances and pipe work are checked annually by an approved contractor and that records are kept and provided to the Tenant. Failure to comply with the Gas Safety Regulations could result in imprisonment and/or a fine.
The Electrical (Safety) Regulations 1994 And Plugs & Sockets (Safety) Regulations 1994
In order to comply with the Consumer Protection Act Landlords must ensure that each electrical appliance (kettle, toaster, washing machine and gas cookers with electric ignition, etc.) as well as the electric supply and installation (e.g. Wall sockets and light fittings etc.) is safe and does not present any danger to a user. To ensure compliance with the act a regular (yearly) inspection and testing report is necessary. All appliances supplied must have all the necessary instruction books and warning details and we would recommend that copies are taken and left at the premises.
The Gas Safety (Installation and Use) Regulations 1994
A survey by the consumer unit of the DTI shows that on an average of 50 people die per year from Carbon Monoxide poisoning by domestic heating appliances. When gas doesn’t burn correctly, excess Carbon Monoxide is produced. This colourless, odourless, tasteless gas is highly poisonous and kills in hours. Early symptoms of poisoning include; tiredness, drowsiness, headaches and strong stomach pains. Landlords must ensure that gas appliances, including LPG cabinet heaters, are checked for safety, including where relevant, checks on the effectiveness of the flue, ventilation, gas operating pressure and gas tightness. These checks should be carried at least every 12 months by fully qualified CORGI (Council for the Registration of Gas Installers) gas engineer who will supply you with a Landlords Gas Safety Certificate. This certificate must pass before tenants can be granted access. Current legislation requires the tenant, landlord and his/her agent to have a copy of the gas certificate. The Landlord has a legal obligation to ensure that any person supplying electrical equipment, including built-in appliances, must ensure that the equipment is safe. We recommend that a safety check is conducted by an approved contractor on at least an annual basis.
Landlord and Tenant Act 1987
We are required by law to include the Landlord's address, whether in the UK or abroad, in any rent demand and this includes the Tenancy Agreement. The Tenant must also be notified of an address in England or Wales where notices may be served on the Landlord. For overseas Landlords using the Full Management Service, we will use our office address for notices unless a suitable alternative is offered. We will forward any notices received to the Landlord within 48 hours, but cannot accept liability for any loss or damage incurred due to late or non receipt. For Leasehold property you will normally require the consent from your Superior Landlord/Freeholder before you can sub-let the property. By signing our Terms and Conditions you will confirm that you have complied with the requirements of all relevant parties or are in the process of doing so.
Insurance
It is the Landlord's responsibility to ensure that the property and its contents are adequately insured for the full period of the tenancy and that the insurers are aware that the property is let. Failure to do so may invalidate your insurance policy. You should also inform your insurers whenever the property remains vacant for a period greater than specified in your insurance policy. You should obtain advice from your insurers as to the nature and extent of the cover required.
Tax UK Resident Landlords -
The Landlord is responsible for notifying the Inland Revenue of the tenancy and you should refer to your accountant or the Inland Revenue for advice if necessary. Non UK Resident Landlords - If we collect the rent for a property where the Landlord is resident overseas, we are required by the Inland Revenue to withhold tax at a rate of 22% after deducting allowable expenses paid by ourselves and pay this over to the Inland Revenue on a quarterly basis. If we have received notice of a valid approval from the Inland Revenue we can make payments gross to the Landlord. If the tenant is paying rent directly to an overseas Landlord the tenant will have a legal duty to deduct tax before paying the rent over.