Landlord Information
 

Contact the Property Team
Tel: 01332 669911 for your free market appraisal or click here
 PROFESSIONAL FEES 2008
The Initial Setting Up Fee
£235+vat
(deducted from your first month’s rent)

Includes all Advertising, Marketing, the To Let Board, Accompanied Viewings,
Tenant Credit checks and referencing, drawing up the Legal Tenancy Agreement,
 & finally welcoming the tenants to their new home with bottle of wine.

Monthly Management Charge

Fixed Price £36+vat per month*
(deducted from the monthly rent received)

Includes arranging Landlord’s Gas and Electric Safety Certificates,
Liaising with the utilities, Collection of Rent & payment to your Bank Account,
Regular inspections of property and liaising with the Landlord and Tenants,
Dealing with emergency issues (plumbing, gas leaks, etc), and on going queries,
Day to day management and point of contact.

*For all properties let up to £550pcm (Over £550pcm the monthly charged applied is £51 per month)

OR

Tenant Find Only

1 month’s rent

Includes all Advertising, Marketing, the To Let Board, Accompanied Viewings,
Tenant Credit checks and referencing, drawing up the Legal Tenancy Agreement and organise the move in date. We then hand over the tenant for you to meet at the property, manage and collect the rent each month.

All service charges are subject to VAT currently charged @ 17.5%

DETAILS OF THE SERVICES WE PROVIDE

INSPECTION AND APPRAISAL

We will visit your property and offer advice and guidance on every aspect of the proposed letting: Rental valuation, inventory of contents and fixtures and fittings; taxation and legal implications; marketing and advertising; advice on obtaining the consent of interested parties, such as your Lender and, of course, outline of the current Regulations.

MARKETING AND DISPLAY

The right tenant is vitally important and we offer a comprehensive reference check and personal interview with the prospective tenant to ensure that the ideal tenant is selected from the commencement of the lease.

THE TENANCY AGREEMENT

Letting property is a complex matter and we are pleased to be able to guide you through the current legislation and the details tenancy agreement, prepared to meet the individual circumstances and needs of the client.  It may be prudent to prepare a full and detailed inventory in order to protect you, your furniture and the property.

THE DAY-TO-DAY MANAGEMENT OF YOUR PROPERTY

After successfully negotiating the letting, we are able to manage the property throughout the duration of the tenancy. Our management services includes: Collecting the Rent and transfer of the monies by BACS into your bank account, payment of outgoings deemed to be the responsibility of the landlord out of available rental funds, arranging all maintenance and minor repairs, advising utilities on the change in occupation and to undertake regular inspections of the property.

Fully itemised statements of your account will be sent to you each month and advice on income tax requirements for clients living in both the UK and overseas is always available.

After the conclusion of the tenancy we will liaise with the tenant to ensure that the property is left in good condition. Only after all parties are satisfied with the condition of the property will the deposit monies be released.

Quality Lettings = Quality Tenants

© Copyright IMS Lettings Ltd 2003-2008

 
NEWS BULLETIN BOARD

• Over 2,950 Landlords now use IMS Lettings across Derbyshire.

• We now manage over £150 million of property investment.

• Average House Price (England & Wales) costs £173,717.

• National Rental Yields = 5.9%.

• Average Rental Yield in Derby 4.8%.

• Landlords of IMS Lettings have confirmed Vendors are accepting offers of between 5%-10.8% below the asking price, for a quick – chain free offer.

• The average “void period” (when the property is empty between tenancies) in UK is currently 32 days. But the IMS Lettings average is just 10.8 days for the last 100 houses let.

Inflation: RPI/CPI 2.5% / 1.6%
Bank of England base rate 5.25%
Annual house-price rise 1.2%
Standard mortgage rate 6.75%