RESIDENTIAL LETTING
Our Letting Service
Management of individual residential properties and blocks of flats is dealt with by experienced and qualified staff who work exclusively in this sector of the market.
The firm is a member of the Association of Residential Letting Agents and complies fully with its regulations and also those of the Royal Institution of Chartered Surveyors.
The business operates a fully computerised management accounting system to ensure that rental receipts can be remitted to clients' bank accounts within the minimum of delay. All clients' funds are held in a Trustee-Status Client Account with National Westminster Bank plc.
The service provided includes:
- Tenant selection
- Preparation of agreements
- Inventories
- Payment of outgoings
- Gas and electrical safety inspections
- Rent assessment
- Tax advice and tax returns
- Repairs and maintenance
- Management Company formation and administration
- Housing Act dispute resolution
Residential Lettings
Your property will be marketed by Hodgson Elkington using the local press, radio and internet. Letting particulars are prepared and circulated as appropriate. Negotiations will be undertaken with prospective tenants, terms agreed, references taken up and checked. A detailed inventory is prepared of the contents, together with a Schedule of Condition. Advice is provided on the form of tenancy agreement to be used in each individual case. Terms are negotiated with the landlord's Building Society / Bank and Insurance Company.
Residential Property Management
Rents are collected on a weekly, monthly or quarterly basis and accounted for to the landlord on a monthly basis with direct credit to the landlord's Bank or Building Society account as agreed. The fully computerised management service offers the landlord a fast and efficient service. Quarterly internal and external inspections of the property are made by Hodgson Elkington, as part of our standard service and repairs organised, where necessary. All outgoings and disbursements are settled out of the rental income and are charged at cost. Full contact where necessary is kept with Insurance Companies to monitor and assist in claims. Procedures are implemented for the compliance with all current regulations concerning quality of furnishings and also gas and electrical appliances within managed properties.
Letting and Management Package or Letting and Marketing Only
We also offer Letting and Management Packages as well as Letting and Marketing Only options. Please contact us for further information.
Assured Tenancies and Assured Shorthold Tenancies
The qualified staff within the Estate Management Department are in a position to advise landlords of the most effective way of letting their dwellings. The terms of every tenancy are discussed with a Chartered Surveyor. All new lettings comply with revised conditions set out in the 1988 Housing Act as amended by the 1996 Housing Act. Our qualified staff will advise on the most appropriate form of letting the property in question.
The Rent and Fair Rents
The qualified staff of the Estate Management Department liaise with the Rent Officer where necessary over the registration of fair rents and submissions of appeals for existing tenancies. Negotiations and representations are carried out with the Rent Assessment Committee whenever necessary.
Inventories
Detailed Inventories and Schedules of Condition are prepared and checked at the commencement and termination of each tenancy. Any problem relating to dilapidations in respect of the Inventory are dealt with in the Management Service.
Insurance
If required, Hodgson Elkington can arrange for specialist cover to be set up for contents and building insurance for let property and also for landlords' legal protection in the event of legal action being taken against any tenants.
Taxation
Advice is given over your liability towards taxation. Are you resident or non-resident What will be taxed and what can be offset against your income? Managing Agents are liable for any tax liability relating to the property if you are living outside the UK and your earnings abroad are not subject to UK tax. Whilst the 1996 regulations have made it possible for overseas landlords to receive their rents without any retentions by their Managing Agent the Tax Laws are frequently changing along with it, Landlords and Agents liabilities. Any income retained for taxation purposes will be held in interest earning accounts.
Professional fees
A full quotation without any obligation for any of the above services is available from Hodgson Elkington upon request.
Letting Service Enquiries
For further information on our Residential Letting and Management services, please complete the form below or contact Jill Elkington on 01522 698899.