- Floorplans made
- Advertising for a tenant
- Viewings done
- Referencing of prospective tenants completed
- Condition statement / inventory arranged (meter reads taken)
- Preparation of binding contracts
- Initial payment of the deposit and first months’ rent taken
- Utility switch over
- Registration of the tenants’ deposit
- Rent collection and monthly statements sent out
- Rent arrears handling
- Periodic property inspections, every 4 months, which we will hold keys for
- Advice on refurbishment
- Maintenance handling
- Annual renewal of gas safety certificate
- Warnings sent to tenants in breach of their contracts
- Advise on property repossessions
- Rent increases
- Notice for repossession
- Final inspections, of which meter reads are taken
- Return of the tenants’ deposit at the end of the tenancy
- Re-letting process, which usually includes a rent increase
HMO Management
Arrange a Free Market Appraisal
Costs
- Tenancy Set Up: £240.00 (inclusive of VAT) charged when each tenancy commences (this includes end of tenancy Dispute Management)
- Management: 12% (inclusive of VAT) will be applied to all rent collected.
- An annual charge of £180.00 (Inclusive of VAT) will be applied for the management of licensed & non-licensed HMO’s let as Rooms.
- Management of Services: £36.00 per month (inclusive of VAT) will be charged for the collection of services from tenants; remittance to energy suppliers, water supplier, council tax, broadband supply, communal cleaning and gardening. Monies will be collected from the services account on a monthly basis.
