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Letting Advice and Fees

 

  • The interior and exterior should be clean and in good decorative order
  • Furnishing should be in a sound, legally safe and serviceable condition
  • All electrical wiring, pipe work, heating systems and appliances should be in a safe working condition. If possible, arrange maintenance contracts
  • The landlord must make sure that all gas pipe work and appliances comply with the Gas Safety (Installation & Use) Regulations 1994. On an annual basis - a Corgi registered gas fitter must provide written proof of safety by issuing a landlords certificate, CP12. Tenants must be provided with a copy of this certificate. next2let do need a copy of this certificate before they can allow any tenant to sign a lease.
  • Get permission from your mortgage lender to let property (if you do not have a buy-to-let mortgage). Some tenants ask for written proof that this permission has been obtained because without it their tenancyagreement could be invalid.
  • Ensure that your property and contents are adequately insured and that you have advised your insurers of your intention to let.
  • Just before letting a property, clean the interior thoroughly and tend to the gardens. This will help set the standards you expect to be maintained by your tenant.
  • Install smoke detectors on each floor of the property. Remove any toxic and/or highly inflammable substances.

 

Letting Fees to: Tenants

All leases are subject to suitable references and credit checking. When a Tenant finds a property they would like to proceed with next2buy ltd. require a £100.00 (inclusive of VAT) holding fee per adult, once a holding fee is received referencing checks are then carried out on the tenant(s). Holding fees are non-refundable and non-transferable. Should the reference checks not be accepted for any reason or the tenant(s) withdraws from the property the £100.00 fee would be forfeited, if the tenant is accepted the holding fee will be deducted from the final balance required.

Standard tenant fees are as follows:

  • 1 x Months rent in advance
  • Property Deposit/Bond (typically equivalent to 1 month’s rent plus £50.00)
  • Set Up Fee of 60% of 1 x months rent (inclusive of VAT).

 

Example:

Property rental price: £400.00 per calendar month

1st Month rent £400.00
Property Deposit £450.00
Set Up Fee £240.00
Total £1190.00
Minus Holding Fee £100.00  

 

Letting Fees to: Landlords

next2buy ltd. offer a Tenant find only service which is charged as follows:

Tenant find only:

  • Includes:
    • Finding the tenant
    • Reference and credit checking
    • Providing tenant with method of payment
       
  • Fees:
    • 100% of 1st months rent plus VAT at current rate
       
  • Example:

    • Property rental price £400.00 per calendar month
    • Total payable to next2buy ltd. is £480.00

 

Fully Managed Service

Fully managed services offered via Mansons please refer to their website for fees.

 

www.mansons.net                 

            

If you would like any further information please ask a member of staff.

next2buy limited is an ARLA Licensed Member Licence No.: M0043763
Client money protection (CMP) provided by: ARLA
Independent Redress provided by: TPOs

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