Letting Your Property
There are lots of reasons why you may want to let your property. It may be your business, or it could be an investment.
You could be looking to relocate and want to keep your property, be moving in with a partner or have inherited it and want to rent it out in the short term. Whatever your reason, we have the expertise to ensure you get the right tenant at the best price and to provide you with an exceptional service that suits your needs.
Landlord focus
We've partnered with Goodlord, the award-winning lettings solution and online platform, to help your tenants move into their new homes as quickly and easily as possible, with a streamlined application process including e-signing and e-payments that can be completed from anywhere.
Goodlord also helps us choose the best tenants for your property, with robust referencing checks; provides you with Rent Protection Insurance, to help protect your income; and makes sure you stay compliant, with all relevant documents provided to your tenants at the right time.
Useful reading links
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We often find that landlords have a variety of needs depending on their landlord experience or simply their desired involvement. New Oak Estates offer tailored packages to suit;
The “Rent Collect” Service - £500 +VAT Set Up then £25 + VAT per month
The tenancy Set Up includes all advertising, viewings, tenant selection, undertaking tenant referencing, preparation and signing of the Assured Shorthold Tenancy Agreement, a property inventory/schedule of condition, notification to all utility companies of occupant changeover and tenant Right to Rent Checks. This service includes the collection and process of the rent, production of landlord statements and the option to include Rent Protection Insurance.
We can hold deposits, but our service does not extend to negotiating deposit return on this service. Landlords that have their own deposit account can have the deposit paid directly to them.
The “Fully Managed Service” - £500 +Vat Set Up then 10% + Vat of Rent
The tenancy Set Up includes all advertising, viewings, tenant selection, undertaking tenant referencing, preparation and signing of the Assured Shorthold Tenancy Agreement, a property inventory and schedule of condition, tenancy deposit registration, notification to all utility companies of occupant changeover and tenant Right to Rent Checks.
The Managed Service includes the collection and process of the rent, actioning and arranging any remedial works, maintaining compliance, annual property inspections and delivery of complaint documentation to the tenants.
The “Insured + Fully Managed Service” - £500 +Vat Set Up then 12% + Vat of Rent
As Fully Managed with added Insurance against loss of rent and legal expense cover.
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Additional Costs
Tenancy Renewal - £62.50 (+VAT)
For when you choose to offer a further fixed term contract to your current tenant.
Contract negotiation, updating terms, providing electronic copies to Tenant and Landlord, Updating DPS registration.
Annual Rent Review - £62.50 (+VAT)
As above but implementing the rent review or rent review and Section 13 being issued.
Additional Property Inspections - £50 (+VAT)
Notices serviced under mandatory and discretionary grounds under the Housing Act 1988 as amended by The Housing Act 1996
Section 21 - £100 (+VAT)
Deposit Disputes - £125 (+VAT)
Should the tenant and landlord not agree on the deposit split at the end of the tenancy, it may be necessary to use the DPS resolution service. To Act on your behalf, New Oak Estates will;
- Complete DPS paperwork
- Prepare quotes for proposed works.
- Prepare a check out report to support the claim.
- Submit Previous Inventory to support the claim.
Whilst New Oak Estates will prepare and submit the above information to aid the dispute, we cannot be held liable for the final decision and any monies not awarded to the Landlord.