Letting your property with Lucas Lettings
Is your property in a "lettable" condition?
Furnished, part-furnished or unfurnished?
Generally we recommend you keep properties unfurnished as it reduces the possible maintenance issues and limits the Landlords liabilities
Unfurnished - The only item that is expected in an unfurnished property is a cooker.
Part furnished - White goods (fridge freezer, washing machine, dish washer etc), some items of furniture e.g. table & chairs, beds, sofa etc.c
Furnished - White goods, items such as sofa's beds, wardrobes, kitchen utensils, table, chairs etc.
It is important that you understand your legal obligations as a Landlord, click below for further information, we are also on hand to help
Term of the Tenancy
Do you want the tenancy to be for 6 or 12 months, most Landlords start with a 6 month tenancy and see how it goes as it gives you the flexibility to change if you are unhappy with the Tenants etc.
Notifying interested Parties
Lucas Lettings Involvement
Decide how much involvement you wish to have in the letting and management of your property. Generally most Landlords tend to have the property fully managed by a Letting Agent as this minimises their involvement with the Tenants, rent collection, inspections & maintenance etc. At Lucas Lettings we can offer as much or as little help as you need, we are happy to tailor our service to meet your specific requirements.
Free Market Appraisal
There is a very fine line to be drawn when looking at the rent you want to achieve on a monthly basis. We will always give you a realistic value of your property, this value will be based on our previous experience and knowledge on the current rental market. Remember, if you market your property slightly above the recommended value then it will generally take longer to let and this may mean that you have to pay the mortgage on the property without someone renting it and in the long run you will be worse off than if you rented the property out at a slightly lower price.
E.g. If your mortgage is on the property is £500pcm and the rental guide is £525pcm but you want to market it at £550pcm and the property takes a month to let then you will have to pay the mortgage of £500 whilst the property is vacant, therefore losing £500 for that year. If you had marketed it at the £525 valuation price and let it within two weeks you would be getting £25 per month less nut over the year you would only have been down by £300 instead of £500!
Call us on 01536 313509 to arrange for your free market valuation on your property
What type of Tenants do I want
We will discuss with you the type of Tenants you want, in an ideal world they would be non-smokers, no pets, profesional hard working people, however in reality this is not always possible. You will need to decide if you are happy to have people that have pets (we will insert a 'Pet Clause' into the Tenancy Agreement stating that they will be liable to pay for any damage or excess wear and tear caused by the pet and that they will have to have carpets professionally cleaned when they leave etc), smokers, children, sharers and people claiming benefits.
Once this has been decided we will advertise the property (Rightmove website, the Evening Telegraph, our website and in our offices) and arrange viewings to take place, you can nw sit back and relax and let us do the hard work! We will always keep you updated on the progress at all stages.
Our Landlord Services
If you wish to discuss any issues regarding property lettings then please do not hesitate to contact Rebecca marriott on 01536 313509.
We hope you have found this information of help and we look forward to building a good relationship with you and providing a valuable service to you.
The information within this article is provided in good faith and whilst believed to be correct Lucas Lettings do not take any responsibility for any errors or omissions. This information is for general guidance only.