Bathlettings Ltd

 

Valuations

Our valuations are realistic, as well as fair in order to ensure you achieve a fair return for your investment property as well as working with the current market and what potential tenants can hope to afford. We offer a free, no-obligation valuation for your property.

 

Marketing

We take photographs and prepare marketing particulars. We use a number of national property portals, as well as the use of popular room portals and student portals. Our own website is also a popular point of reference for potential tenants.

 

Viewings

Finding and keeping suitable tenants is our priority. We accompany viewings to ensure we meet all potential tenants including live video viewings when potential tenants live overseas. The property and any existing tenants are always safe and secure.

 

Safeguarding client money

Client money is held in a designated Client Account. 

 

Contractors

Bath lettings have established good working relationships with local tradesmen who do their best to ensure that all/any work carried out is done at the highest possible standard. We do not charge extra fees on top of contractors’ work. 

 

Rent

Tenants pay their rent in advance on the same day each month, in line with the tenancy start date. We collect the rent for managed landlords, banking it in our secure client account. A statement is prepared for every managed landlord outlining income and expenditure with supporting documentation as appropriate. On the rare occasions when rent is not settled on time; we will pursue tenants and guarantors, as appropriate, until the account is up to date.

 

Tenancy Agreement

The tenancies that we draw up, with few exceptions, are Assured Shorthold Tenancies (ASTs) and meet the provisions of the Housing Act 1988 as amended by Part III of the Housing Act 1996 and are legally binding. We work closely with Goodlord our credit and referencing company who updates and implements all contracts using their legal department. 

 

Right to Rent

All applicants must be checked for their Right to Rent in the UK. Through Goodlord these procedures ensure that applicants are checked appropriately

 

Inclusion

It is against the law to discriminate against anyone because of age, sexuality, marital status, parental status, ability, colour, religion, or nationality. All applicants are welcomed and treated equally at Bathlettings Ltd. 

 

Inventory (Optional)

Bathlettings works closely with a local inventory company that provides detailed and digital photographic evidence of the condition of your property prior to the commencement of your tenancy. This inventory is available online for all parties, ensuring that tenants have made an agreement to the condition of the property.

 

Deposits

We place tenant deposits with The Deposit Protection Service (DPS) a government service. This is a legal requirement. We do not hold deposits in our accounts. 

 

If there is a disagreement at the end of the tenancy, with repairs or payment of bills or on the rare occasion rent arrears we will do our upmost to resolve this between both parties, however, If an agreement cannot be reached, we would place the matter with the DPS which operates an arbitration service, which is legally binding on both parties.

 

Regulations & legal essentials

We work as an agent ‘under instruction’. We work for and on behalf of landlords. We help landlords comply with regulations, including, but not limited to:

Energy Performance (EPC) , Gas Safety Certificate Regulations, Electrical Safety, PAT testing Furniture and Furnishings Fire Safety, Smoke and Carbon Monoxide detectors, Deposit protection, Right to Rent.

 

Some shared properties are classified as “houses in multiple occupation” (HMOs) and must conform to different criteria compared to typical rented dwellings. Bathlettings can assist with both HMO applications and compliance requirements. Please note, depending on what assistance is required there may have to be an additional charge depending on time spent carrying out this additional work or if we are required to call upon the help of more specialised advice from our contractors we work with. 

01225 484811 info@homeletsbath.co.uk

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Furniture & finish

All properties, whether furnished or unfurnished must meet certain standards, such as adequate smoke / heat detectors and carbon monoxide detectors (CO2) installed as appropriate. Personal items should be removed for security. Some owners choose to leave items in their property for a variety of reasons, if this is the case, they must take into account that Bathlettings cannot be held responsible for damage/loss of such items. 

Unfurnished properties may appeal to some people allowing them to bring their own furniture

making a property their own, this may encourage tenants to stay for longer. Unfurnished properties must include the basics, such as secure flooring, window coverings, a cooker and we suggest a fridge.

Furnished property tends to appeal to a shorter-term rental. A person should be able to move in and live comfortably, bringing their own crockery, cutlery, bedding, and towels etc. Furnished accommodation is ideal for what might be considered temporary accommodation such as small studios or shared properties, where cooking and dining equipment might also be an advantage. Anything provided by the landlord remains the landlord’s responsibility for maintenance and repair.

 

 

LANDLORD FEES | SERVICE LEVEL OPTION | MANAGED

11% of rent per month, per tenancy

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• Referencing and credit checks 

• Right to rent checks

• Protection of deposit

• Tenancy agreement

• Collect monthly rent

• Deduct any invoices & commission

• Provide monthly statements

• Pursue non-payment of rent and advise on arrears

• Statutory notices

• Undertake periodic inspections

• Arrange routine repairs and instruct approved contractors

• Advise utility providers and the local authority of tenancy changes

• Hold keys throughout the term of the tenancy

• Provide chargeable 24-hour emergency maintenance cover.

• New Tenant find fee (£85 if 2 bedroom or smaller. £185 if 3 bedroom or HMO )

 

RENT COLLECT

3% of rent per month, per tenancy

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• Referencing and right to rent checks

• Protection of deposit

• Tenancy agreement

• Collect and remit monthly rent

• Deduct any pre-tenancy invoices and commission

• Provide monthly statements

• Pursue non-payment of rent and advise on arrears

 

TENANT FIND

50% of first month’s rent, per tenancy

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• Referencing and right to rent checks

• Protection of deposit

• Tenancy agreement

• Collect first month’s rent

 

TENANCY SETUP

£250 per tenancy

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• Agree the market rental value

• Find a tenant in accordance with landlord guidelines

• Provide guidance on compliance with statutory provisions and letting consents

• Market the property

• Carry out accompanied viewings (as appropriate)

 

SCHEDULE OF CONDITION & CHECK-OUT

30% of first month’s rent, per tenancy

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• A thorough document detailing the general internal and external condition of your property. Each schedule of

• condition is supported by digital photography and includes the check-out

• Accountancy

• Owners are responsible for arranging their own accountancy schedules. Overseas owners must take financial advice from a qualified accountant on the implications of oversea earnings with HMRC.