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If for any reason you have to move in the near future, for whatever reason, think carefully before selling your home. Letting is a very attractive option:
- It helps pay the mortgage.
- It keeps you on the home ownership ladder.
- New laws make it much easier to let.
- In many cases your income will not be taxed.
- There are a number of important questions which need serious consideration before entering into any agreement:
- How will tenants treat my house?
- What if I suddenly need my house back?
- Will my building society allow me to let?
- How much tax will I pay on the rental income?
However, these questions need not be a worry to you if you entrust the letting to a competent and caring manager. Our role at Central Lettings is residential letting; our service is personal yet professional and we take great care to understand the needs of the Landlord.
Services
- Full Management Services: This service offers the landlord full piece of mind. It is designed for a person who has little or no involvement in the day to day running of the property. In certain cases a rent guarantee scheme is available.
- Tenant location only: We also provide a tenant finding only service where full management is not required. Full details of fees and services are provided in our Terms and conditions of Business.
Student Lettings
Every year in Birmingham a large number of students attending the various Universities and Colleges need quality accommodation. At Central Lettings and Sales, we have a department that solely deals with the student market.
Deposit
We collect a deposit from the tenant to safeguard against damage. At the end of the tenancy we will inspect the property and the costs of any work attributed to the tenant will be deducted from the deposit.
Agreement
We will prepare a tenancy agreement under current legislation to suit your particular circumstances. In general this will be for a period of not less than 6 months and then renewable for fixed periods or on a month to month basis. The monthly rollover basis gives you the flexibility to re-occupy the house after giving the tenant two month's notice to quit. Similarly the tenant may terminate after the initial period by giving one month's notice.
Rates and Services
The payment of water rates, council tax, gas, electricity and telephone bills are generally the responsibility of the tenants.
Repairs
You are responsible for all repairs to the property with the exception of window glass or other breakages caused by the tenants. Small repairs can be carried out by our contractors, or ones nominated by you, and their charges deducted from your account. We will always ask for instructions before commencing any large scale repairs.
Insurance
We provide information and help on rent and legal protection insurance, house building insurance and home contents insurance, all of which are important considerations when letting your home.
Fees
Our fees for managing the property are some of the most competitive to be found. For these fees we will:
- Find you a suitable tenant.
- Take up references and credit check.
- Draw up a tenancy agreement.
- Take a Statement of Condition (or inventory).
- Collect the rent and account to you monthly.
- Make regular inspections of the property and advise you all is in order.
- Advice on any repairs that is necessary.
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