Your Questions – Our Answers
Below is a small selection of the most frequently asked questions that landlords come to us with.
How much will it cost to let my property?
The main costs you’ll need to consider when letting your property are:
An Energy Performance Certificate (EPC) – Check if this can be arranged by your letting agent. Cost will vary depending on the size of your property.
An inventory and check in report – This needs to be carried out before your tenant moves into the property. Again, costs vary due to property size.
Commission Fee – Varies in percentage per agency and could be for just finding a tenant or full property management.
Who will carry out viewings and when will they happen?
At Knights Property Services we always aim to accompany all viewings during office opening hours.
Should I be present at viewings?
We aim to accompany all viewings wherever possible. Only in some rare circumstances would you be asked to carry out a viewing as many tenants feel more relaxed when the owner isn’t there.
I’m interested in having my property managed – how much does it cost?
The property management fee is charged as a percentage of the rental price plus VAT.
How much deposit should the tenant give and what happens to it?
Six to eight weeks. This is to be paid on signing the Tenancy Agreement. Within 30 days of receipt the deposit should be registered with a tenancy deposit protection scheme. ( Days may vary depending on Registration Scheme)
Who is responsible for arranging an inventory?
You are responsible but at Knights Property Services we can organise an inventory for you.
When do I receive my rent from the tenant?
You should receive your rent by standing order on the rental due date every month.
The due date is usually the day the tenant moved in.
Thanks for reading and if you have any other property related questions in addition to those above please don’t hesitate to get in touch with us – we’d love to help you.
Whether you are selling, buying, letting or renting, we’re here to help. Call Adil and our team on 01276 539111 or email: firstname.lastname@example.org for expert advice which is honest, accurate and informative.