Services for Landlords in Cheltenham

We pride ourselves in giving a personal and professional service to all of our landlords whether you own one property or a portfolio.

We provide either a Let Only Service or a Fully managed service. However, we can tailor a specific service to meet your requirements. Our fees are transparent and simple.

Your Step By Step Guide To Letting A Property With Belvoir Cheltenham

Valuation – If you are considering letting out your property, the first step would be for us to come out and complete a FREE No Obligation Market Valuation. Using market comparables and combined with our knowledge of the Cheltenham area, we would be able to give you an achievable rental figure.

Rent – Rents are payable by the tenant monthly to our client account. You will be paid direct from this account and we will prepare, at regular intervals, an income and expenditure account which you can send to the Inland Revenue.

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.

Tenant – We will find a suitable tenant for your property and take up references and credit checks.

Agreement – We will prepare a legal 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 on a month to month basis. This gives you the flexibility to re-occupy the house after giving the tenant two months’ 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 – As a Landlord, you are responsible for 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.

Call us today for a FREE NO OBLIGATION valuation of your property!

Belvoir! Landlord Services & Fees

Let Only Service

We will:

  • Ensure we note full details of your wishes with respect to the letting.
  • Provide you with advice and assistance on protecting your property and rental income and ensuring your compliance with current legislation.
  • Search our database to find a tenant match.
  • Place your property details on our national website and appropriate property websites, including Rightmove & Zoopla.
  • Effect appropriate advertising of your property through online media, by board erection and in our office.
  • Conduct accompanied tenant viewings at your property, giving you feedback.
  • On finding a potentially suitable tenant we will carry out credit and status check, including Right To Rent.
  • Keep you advised of progress throughout all processes.
  • Gain your approval of the tenant and official consent to proceed.
  • Draw up and agree with you the Tenancy Agreement and Conditions. Provide all required Prescribed Information to the tenant(s) to ensure compliance with current legislation.
  • Carry out an inventory of the property if required. (Additional cost – Cost dependant on property)
  • Arrange buildings and contents and/or Belvoir Rent and Legal Guarantee as requested. (Additional costs- see additional fees)
  • Collect all advance monies from the tenant.
  • Arrange payment of the deposit and protection in line with the current legislation.
  • Arrange future payments of rent to your designated bank account.

Fees Applicable: One month’s rent (plus VAT) – Minimum fee £750 inclusive of VAT.

 

Letting and Rent Collection

All of the above plus;

  • Monitoring and collection of all ongoing monthly rental income.
  • Payment of all due monies received to your nominated bank account by direct transfer and issue of a monthly statement.
  • Arrange Belvoir Rent & Legal Guarantee if requested at additional cost.

Fees Applicable: Start-up fee of £385 Plus Vat (£462 inclusive of VAT) plus 11% (13.2 % inclusive of VAT) of the rent, deducted from the rent as received.

Full Management

All of the above plus;

  • Carry out periodic property visits of your property and issue you with a full follow-up report.
  • Payment for all repairs and liabilities up to authorised limits direct from monthly rental income.
  • Carry out an inventory of the property (Included in Set Up Fee)

At the end of the tenancy we will:

  • Issue the advance legal notices as required.
  • Advise the tenant of the required Move Out procedures.
  • Carry out the ‘Move Out’ procedures with the tenant.
  • Check the property against the inventory/statement of condition and inform you of any dilapidations.
  • Organise for the return of the deposit through our designated Tenancy Deposit Scheme and if necessary, negotiate any dilapidation charges.
  • Take all meter readings.
  • Hand over the property to you or seek a new tenant as instructed

Fees Applicable: Start-up fee of £385 Plus VAT (£462 inclusive of VAT) plus 13 % (15.6 % inclusive of VAT) of the rent, deducted from the rent as received.

Other Charges

Inventory preparation fee:  Dependant on Property (included within Full Management)

Inspection:(Inclusive with our Full Management and Plus service) £70 (inclusive of VAT).

Administration involved in the Tenancy Deposit Protection legislation:  £60 (inclusive of VAT) – included in Full Management

Preparation of paperwork for Alternative Dispute Resolution:  £60 (inclusive of VAT)

Insurance claim handling fee:  12% inclusive VAT of cost of works before VAT (applies to claims over £500)

Re-signing fee:  £150 (inclusive of VAT) payable where The Agent, at your request, arranges a renewal of tenancy to an existing tenant

Void management fee:   £60 (inclusive of VAT) per week payable four weekly in advance of requirement.

Post Letting Service(Inclusive with our Full Management )

Tenant move out:  £150 (inclusive of VAT)

All prices subject to change after two months’ written notice.

Cancellation

Where Full Management service is cancelled during the tenancy (including any extensions) a fee of £300.00 plus VAT (£360.00 incl VAT) will be payable. Two months’ notice of cancellation required. Where a Let Only service is cancelled when we have found a ready, willing and able tenant to move in, a cancellation fee of £150 (inclusive of VAT) is payable. All prices subject to change after two months’ notice.

Arrange a free market appraisal

If you’re a landlord, looking to let or you’re just interested in how much your property might be worth, the best way to get an accurate and detailed understanding is through a free one-to-one appraisal with one of our experienced local agents. Request an appraisal with us using the form below.

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