For landlords, we provide an innovative range of services designed to find tenants fast, obtain the best possible rent and manage the whole process efficiently and effectively. We have an established lettings network with a dedicated property management team and we are committed to providing the best possible service to our landlords.
Services we offer:
Our landlord fees are as follows:
Let Only £300 + VAT minimum or 50% of the rent whichever is greater.
Management Service 7% + VAT of the monthly rent.
Set up fee for management service £195 + VAT.
Tenancy Renewal Charge to Landlord Free
Energy Performance Certificate £75 inc VAT.
As a landlord, or prospective landlord of a property to rent in Leicestershire, you may have queries about the process. Here are some of the most frequently asked questions.
Do I need to have a professional inventory done?
We advise that a professional inventory is done for every tenancy. This is so that the deposit can be released at the end of the tenancy. It should be a comprehensive list detailing the items and condition of the entire apartment. Should a dispute arise at the end of the tenancy, this document will be referred to. We have a recommended company that we use, please contact us for further details and costs.
What do I need to do about this EPC I have heard about?
From 1st October 2008, it will become necessary to have an EPC (Energy Performance Certificate) completed on all property to rent in Leicestershire. The EPC grades the energy efficiency of properties on a scale of A-G, with the most efficient homes in band A. The Certificate takes the form of a chart setting out the property's energy performance and environmental impact, as well as any steps that could be taken to improve the property in this respect.
We have a recommended company that will be able to perform these certificates at a cost of £75 and lasts 10 years.
What should I do with the deposit?
Introduced in April 2007, it is now compulsory to adhere to government guidelines regarding the registering of the deposit in an approved scheme.
Kings Real Estate registers the deposits for all managed properties with Deposit Protection Service (DPS). Further information, terms and conditions can be found at http://www.depositprotection.com.
If you manage your own property, or properties, you will need to register the deposit yourself when the money is transferred to you by Kings Real Estate following the move in date of your tenant.
As a ‘let only’ landlord you have the choice of using the DPS or an alternative scheme that can be found by visiting the government website. Details of whatever scheme you use must be made available to your tenant.
Kings Real Estate will register deposits for ‘let only’ landlords if they request this service. Please contact one of our offices for further information and costs.
Will someone check my property during the tenancy?
Kings Real Estate will carry out inspections every 3-6months on properties that we manage to check that everything is in good order during the tenancy and that the terms of the tenancy are being adhered to.
We strongly advise that Let Only Landlords check their property during the term of the tenancy to clarify that everything is in order.
Kings Real Estate offer a separate service to Let Only Landlords whereby they can carry out one of these inspections for a separate fee. Please do not hesitate to contact one of our offices for further information and costs.
If you cannot find the answer to your question above, please do not hesitate to contact us for information.