Let Only Property Management Services
Finding tenants is relatively easy. Finding good tenants can be considerably more difficult.
We pride ourselves on being able to find you responsible tenants who will respect your property and their rental obligations.
The let-only service is ideal for the landlord managing a portfolio themselves, but who require help initially in finding that perfect tenant.
Our let only service helps you find the perfect tenant and then leaves the rest to you.
What Is Included?
An initial market valuation of your property
Our property manager has expert knowledge of the local area and are always ready to help you achieve the best possible rental value for your property.
Property Marketing
To find the right tenants for your property we will advertise your property both on and offline.
We will advertise your property on Rightmove, Zoopla and other online portals.
We have prospective tenants who are regularly notified of new properties that match their requirements.
We pre-reference all prospective tenants.
Once we are instructed, we aim to have the property listing live within 48 hours.
The cost: Let Only Service...£480 (inc. VAT) due on commencement of the tenancy.
Lidbury management is not VAT registered and, therefore, will not charge VAT.
Guided viewings
After marketing your property, we will start right away with viewings.
We will conduct viewings during the day, in the evening and on the weekend.
On average, it takes us 14 days before we find the correct tenant for your property.
Tenant Referencing
We always ensure tenants have been fully referenced before they move in and where applicable a guarantor is asked for.
We wouldn’t place anyone in your property that we wouldn’t want in our own investments.
Our referencing process provides identity & fraud information, written verification of employment and income, full credit checks, previous letting references and affordability calculation.
Tenancy Agreement
Once tenants have passed referencing and confirmed they want to move in, we will begin writing up a contract between yourselves and the tenant.
All properties and tenants are different so we write tenancy agreements which will best protect your property.
And of course, we have all agreements checked over by Landlords Guild before handing them over to tenants.
Move-in monies
Once contracts have been signed, tenants must then pay the deposit (which will be equal to five weeks rent) and the first months’ rent before they can move in.
We will then register the deposit with DPS (Deposit Protection Service) within 5 working days.
Move in day
Once all the above is completed, it is time for the tenant to move in.
We will meet the tenant at the property and do a basic schedule of inventory, a professional inventory company can be engaged at an additional cost, as well as our first property inspection with the tenant present.
We then hand over two sets of keys to the tenant.
End of tenancy
Three months before the tenant’s tenancy agreement expires, we contact them regarding their future plans.
If the tenants want to continue renting your property, we will review the rent with yourselves before signing new contracts with the tenants (for a administrative fee of £50 excluding VAT).
Move out day
Whenever a tenant moves out, we will do another basic property inspection (or arrange a professional end of tenancy inventory) with the tenant and compare it with the original inventory.
If there are no problems, we release their deposit back to them.
If there are any problems, we will enter a claim against their deposit. We will then forward any deposit money onto you, the landlord.