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Our Lettings Services

As landlords ourselves, we appreciate how critical it is to let your property to the right tenant and we are personally invested in doing so. We have the same respect for your home as if it were one of our own.

You can have peace of mind that we will source the ideal tenant in line with your preferences. Our priority is to work with you to maximise your rental income and try to ensure that there are no void periods. We would recommend the ideal tenant and when there is more than one ideal applicant, we prefer to give you the choice of tenant.

Fees

  • Let only fee @ 9.5%
  • Letting & Management fees are charged monthly @ 14%

Let only vs Fully Managed

5 Step Letting Guide

Letting out a house or flat can be a great investment, but there are a few things to look out for. We can help you find professional tenants, get the right price and manage all the paperwork.

Let us take you through the process:

Step 1: Make your property look its best

We’ve found that when a place feels right, the first few minutes are often all prospective tenants need to decide.

This means making your property look its best could often be the difference between a quick rental and a long slog with an empty house or flat on the market. Letting property doesn’t have to be hard work.

Presenting to rent

  • Be objective – don’t overlook flaws just because you don’t mind them
  • Reduce clutter – get rid of everything but the bare essentials
  • Decorate neutrally – tenants should be able to see it as their home, not yours
  • Keep it light – clean the windows and use light colours to decorate
  • Outside and in – fresh paintwork and well cared for outside spaces make a great first impression

Step 2: Get a FREE valuation from Majestic Properties

A little research can give you an idea of what the right rent is for your house or flat. Ask yourself:

  • What’s the going rate in the area? Check with us or online for similar properties.
  • How much do you need to cover your mortgage and other expenses?

If you want a professional opinion on where to set your rent, get in touch with us and we’ll value your property for free and without any obligation to use us for letting or management.

To arrange a free valuation by one of our letting agents please telephone our offices. We can usually make an appointment for the next day.

Step 3: Find your tenants

If you decide you’d like us to let your property, just give the office a call and we can keep you up to date with who’s interested in renting, to when tenants are looking round and what they think of the property. Majestic Properties have a professional tenant database that gets updated several times a day. We’ll advertise your property on our website, in our office, in print, on Zoopla and all other property websites, making sure it gets seen by as many potential tenants as possible.

We’ll show prospective tenants around on your behalf and we’ll make sure it’s convenient for you and for any current tenants.

Step 4: Get the paperwork done

When you’ve found the right tenants and they’ve agreed to move in, there’s some paperwork to be done before the tenancy can start. We’ll take care of this and send all the documents to you and your tenants. Referring is extremely important before taking on a suitable tenant and we prefer to review these references with you.

We’ll request credit checks on your tenants, follow up references and confirm with you before proceeding. Next we draw up a tenancy agreement that sets out exactly the terms of your contract with your tenant, including any special requirements you have. We’ll send you and your tenant copies to sign, all you have to do is check it, sign it and send it back to us before the tenancy starts. We will forward a copy of their signed agreement to you and your signed agreement to the tenant.

Finally, the inventory records the contents and condition of your flat or house at the point when your tenants move in. Because it’s so important that this is impartial, we recommend a specialist Inventory Company. They will give you and your tenant a copy of the inventory, and will do another inspection the end of the tenancy to check that nothings missing or damaged.

Step 5: Taking a deposit and moving in:

Before the tenancy starts, we’ll collect the deposit and the first rent payment on your behalf. Majestic Properties protect all Client money in our dedicated Client Account. Therefore you have peace of mind that your money is protected. As soon as this money clears, your tenants can move in. The independent inventory clerk will be there to check your tenants in, and we’ll make sure they get the keys.

Letting your property is now complete and you are now a landlord.

Majestic Properties
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Refundable Holding depositCapped at 1 weeks rent
Security DepositCapped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000
RentThe agreed monthly rent
Changes to tenancyCapped at £50 inc VAT
Early termination chargeNot exceeding the landlord’s financial losses
Late payment of rentInterest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue
Replacement keysReasonable costs or give the tenant the option to purchase themselves
Utilities, council tax, communication services, TV Licence etcTenants own responsibility unless otherwise stated in contract
Client Money Protection Scheme Membership detailsC0137260
Property Redress Scheme Membership detailsPRS008485