letting@maxwellsestates.com | Call Us On 0207 22 66 888

Maxwells Property Specialist

A professional service with a difference

Landlord Guide

Are you considering becoming a Landlord? Are you already established or new to the business? We handle every aspect of the letting process, from finding suitable tenants to maintaining your property to a high standard and ensuring it complies with the latest legal requirements. Working with leading professionals throughout North & East London, we manage all sizes and types of property. We offer the following wide range of services.Please contact our office for further details and fee structure.

  • Request a free valuation
  • Letting Only Service
  • Rent Collection Service
  • Full Management
  • Inventories
  • Consent to Let
  • Utilities
  • Tenancy Agreement
  • Legal Matters

  • Request a free valuation

    If you'd like one of our specialist managers to conduct a valuation or review of your property, please click here to request a free valuation.

    Back to top


    Letting Only Service-  includes

    • Free advertising on our website & UK's leading property portals
    • Accompanied viewings
    • Obtaining credit checks & references from employers and landlords
    • Supervising the signing of the tenancy agreement
    • Collection of initial rent and deposit
    • Assisting the landlord to register with appropriate deposit protection scheme
    • Where requested at an extra charge, obtaining an Energy Performance Certificate (EPC)
    • Ensuring compliance with gas, electrical and furniture safety regulations
    • Where requested at an extra cost preparing independent inventory report
    • Accompanied check-in if specifically requested
    • Serving Section 21 Notice for possession (if instructed)
    • Our Let Only Fee is 6% + VAT

    Back to top


    Rent Collection Service

    The complete service includes (all the above) plus:

    • Setting up standing order mandate for future rent
    • Paying the rent into the Landlord's bank account via BACS
    • Chasing any rent arrears or rent charges
    • Providing rent statements on monthly basis
    • Serving Section 21 Notice for possession (if instructed)
    • Our Rent Collection Fee is 7% + VAT

    Back to top


    Full Management

    The complete service includes (all the above) plus:

    • A complimentary professionally prepared detailed inventory of the property
    • Transfer of utility accounts, electric, gas, council tax and water.
    • Paying the rent into the Landlord's bank account via BACS
    • Providing rent statements on monthly basis
    • Arranging repairs and emergency work, provided landlord agrees with the quote
    • Quarterly property inspections
    • Dealing with day to day tenant problems that may arise.
    • Serving Section 21 Notice for possession at the right time
    • Closing inspection and check out at end of tenancy.
    • Organising return of deposit subject to the property being returned in a satisfactory condition.
    • Readvertise the property to find suitable new tenants prior to expiry of the existing tenancy.
    • Our Full Management Fee is 8%+VAT

    Back to top


    INVENTORIES

    We strongly advise our Landlords to carry out a full inventory for each separate tenancy. The purpose of checking an inventory is to establish damages which can only be done if descriptions and conditioning remarks are sufficiently detailed at the commencement of the tenancy and then at the end of the term.

    Under the terms of the tenancy agreement, the tenant is required to return the property and contents at the end of the tenancy in the same condition as they were at the commencement, fair wear and tear accepted. It is almost impossible to ascertain whether damage was caused during a tenancy without a proper inventory signed by all relevant parties.

    If instructed we will arrange a professional inventory and check in on your behalf at an extra cost except managed properties. Please contact us for inventory charges.

    Back to top


    CONSENT TO LET

    If the landlord has a mortgage, it is normal for mortgagees to require notification of any proposed lettings and the landlord should seek their initial consent. In the case of leasehold premises the consent of the Head Lessee of Freeholder will be required. The landlord should also advise his insurance company of the proposal to let the property as this could either invalidate the insurance altogether or increase the premiums. You should obtain written documentation of these consents prior to letting.

    Back to top


    UTILITIES

    The tenant will be responsible for the payment of gas, electricity, water, telephone, council tax and television licence. (Unless otherwise agreed and stated)
    As the landlord you are still responsible for the payment of service charges and ground rent in leasehold properties and buildings insurance on Freehold properties.

    Back to top


    TENANCY AGREEMENTS

    Most tenancies are classed as Assured Shorthold Tenancies. Under the Housing Act 1998 (as amended 1996) landlords have more rights to possession than with tenancies commencing prior to the Acts and procedures for possession are now quicker and simpler (provided the process is carried out correctly).

    There is no minimum period for an Assured Shorthold tenancy; however we recommend that the tenancy is for not less than six months.

    Most tenancies are drawn up for a period of twelve months, some have break clauses. A break clause allows either party to terminate the agreement with two months notice after an initial period of four months the notice may be served. We will be happy to discuss the pros and cons of different time periods with you.

    Back to top


    LEGAL MATTERS

    Our staff have been trained and receive ongoing training on the various legal aspects of letting including safety regulations, tenancy agreements and clauses, possession and have vast practical experience. They will be happy to discuss any questions you may have regarding more detailed legal matters.

    The relationship between Landlord and Tenant can sometimes have its “ups” and “downs” and the need for a professional agent is paramount in closing any divide to allow for a smooth and enjoyable property experience for all parties concerned, whether you are a Landlord or Tenant you are best advised to conclude your property transaction via a reputable agent.

    Tenancy law is now far better regulated than ever before with balanced rights for all parties, tenants deposits are held in Approved Scheme and are returned at the end of the tenancy subject to the property being returned in the manner it was taken and subject to there being no outstanding bills relating to utilities etc. The lettings market has grown immensely due to the increasing Buy to let market and with an increase to new build added to the marketplace the level of quality has improved greatly.

    Back to top

    £1,993.33 PCM
    1 Bed | House | Islington | N1
    £1,993.33
    1 Bed | House | Islington | N1