If you currently own or intend to purchase residential property for rental in Leeds, you should consider engaging in using our property management service. You'll find it both professional and cost-effective. As we are specialists, we know how to manage property for optimum performance, whilst ensuring smooth running tenancies, and compliance with the various landlord/tenant laws. Maximise the return on your investment - contact us now.

Our Services include:

• Visiting you at your property, and providing a rental valuation and any other advice which you may require about letting your property.
• Advising you on compliance with the various safety regulations.
• Locating suitable tenants. Your property will be advertised if necessary, however we have excellent contacts with various company and other establishment personnel departments, and furthermore usually have tenants waiting.
• Accompanying tenant applicants to view the property.
• Obtaining and evaluating references and credit checks.
• Preparing a suitable tenancy agreement and arranging signature by the tenant.
• Collecting and holding as stakeholders a deposit (bond) from the tenant.
• Preparing an inventory and schedule of condition.
• Checking the tenant into the property and agreeing the inventory.
• Supervising the transfer of gas, electricity and council tax accounts into the tenant's name.
• Receiving rental payments monthly in advance, and paying you promptly, together with a detailed statement from our computerised management systems.
• If required paying regular outgoings for you from rental payments.
• Inspecting the property periodically, and reporting any problems to you.
• Arranging any necessary repairs or maintenance, first liaising with you in the case of larger works.
• Keeping in touch with the tenant on a routine basis, and arranging renewals of the agreement as necessary.
• Checking tenants out as required, reletting and continuing the process with the minimum of vacant periods to ensure that you receive the optimum return from your property.
• We maintain a flexible attitude, and are generally able to adapt our service to meet our client's individual circumstances and needs, for example by providing a part only service, or alternatively by taking on additional tasks and duties.

Guide for Landlords

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. For brief details of a subject click on a blue link below, or scroll down the page. If you require further advice or assistance with any matter, please do not hesitate to contact us:


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 the necessary written consent before letting.

Sub-letting

If you are a tenant yourself, you will require your landlord's consent.

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. We can advise on Landlord's Legal Protection, and Landlord's Contents insurance if required.

Bills and regular outgoings

We recommend that you arrange for regular outgoings e.g. mortgage, service charges, maintenance contracts etc. to be paid by standing order or direct debit. However, where we are Managing the property, by prior written agreement we may make payment of certain bills on your behalf, provided such bills are received in your name at our office, and that sufficient funds are held to your credit.

Council tax

Council tax is the responsibility of the occupier. You should inform your local collection office that you are leaving the property. During vacant periods the charge reverts to the owner. When unoccupied but furnished, the charge is 50% of the normal rate. When unoccupied and 'substantially' unfurnished, there is no charge for the first six months, and thereafter a charge of 50% of the normal rate.

The inventory

It is most important that an inventory of contents and schedule of condition be prepared, in order to avoid misunderstanding or dispute at the end of a tenancy. Without such safeguards, it will be impossible for the landlord to prove any loss, damage, or significant deterioration of the property or contents. In order to provide a complete service to the landlord, we will if requested arrange for a member of staff to prepare an inventory and schedule of condition, at a cost to be quoted.

Income tax

When the landlord is resident in the UK, it is entirely his responsibility to inform the Inland Revenue of rental income received, and to pay any tax due. However, where the landlord is resident outside the UK during a tenancy, under new rules effective from 6 April 1996, unless an exemption certificate is held, we as landlord's agents are obliged to retain and forward to the Inland Revenue on a quarterly basis, an amount equal to the basic rate of income tax from rental received, less certain expenses. An application form for exemption from such deductions is available from this Agency, and further information may be obtained from the Inland Revenue

Our Fees

Our initial letting and advertising charge is just £200 and our ongoing management commission is only 10% of monthly rental payments.C;ients can choose whether or not to let us just find the tennant or continue to use our manged service. There is also NO VAT to pay giving you even greater RETURN ON YOUR INVESTMENT.