Tips for landlords

Tips for landlords
Tips for landlords

Our objective for landlords is simple – to get the right profile of tenant for your property paying full market rent. We will work with you every step of the way to achieve this. Below are the various things you should consider when renting your property:

When do you want to let your property?

You should contact us at least 6-8 weeks before you want to let your Notting Hill or Kensington property. This will give us ample time to market your property and find a selection of prospective tenants. Remember, it’s not just the price tenants are willing to pay that counts; you also need to be comfortable that they are the right people.

Be flexible

Prospective tenants expect to be able to view at short notice and sometimes immediately after walking into our office. Once your property is on the market be prepared for calls from us to access the property. If you have tenants living in the property, let them know they will be receiving calls from us requesting permission for viewings, often when they may not be there. If you’re flexible on your move date, this may help enormously in negotiations with tenants as they may be keen to move in sooner than the advertised date.

Remember that tenants want to make the property their home for the time that they are there and so may ask for a few small changes which may be worth accommodating. For instance they may ask for furniture to be added or taken away. They may also ask for some minor works to be carried out – we are here to guide you on whether or not these requests are commercially viable.

Presentation of your property

Your property needs to have a welcoming, homely feel for tenants to want to live there. If your property has been vacant or had previous tenants, take some time to give it a good spruce up. This includes thorough cleaning, a lick of paint where things may look tired and fixing or replacing any damaged furniture. If you don’t have time or don’t live locally, our Property Refurbishment Department may be able to help you with these improvements.

How much is my property worth?

If you’re currently living in the property or have tenants there, make sure the place is tidy, welcoming and free from clutter. Homely touches such as fresh flowers, an open fire and pictures on the walls can make a huge difference.

Consider how the property smells. It may smell stale if it’s been vacant, or it could smell of your pets or last night’s supper. Give the place a good airing and make use of air fresheners or scented candles.

Consider the up-front costs

There are several up-front costs associated with letting your property which you’ll need to budget for. Most may be deducted from the first instalment of rent – these include are Gas Safety Certificate, Energy Performance Certificate, Electrical Certificate, Inventory, Tenancy Agreement Fees, Commission Fees. We can help you calculate the full costs where required.

Guiding you through the legislation

There is a huge amount of legislation relating to letting property these days. We help all our landlords comply with the relevant rules and regulations for their property.

arrow  Download Landlord Rules and Regulations

Consider Property Management

Property Management can be crucial in getting maximum rental returns on your property. Many corporate tenants will insist on renting only managed properties and are often prepared to pay a premium for the peace of mind that any issues with the property will be swiftly and professionally resolved.

If you instruct Mountgrange Heritage to manage your property, we will look after the general day-to-day management and more complex issues such as emergency repairs, collection of rent, transfer of utilities and much more.

Completing the process

When we receive an offer from a prospective tenant, we will contact you with full details and negotiate on your behalf. Once an offer has been accepted, we will do the following:

  • Collect references from the tenant/s
  • Prepare and arrange the signing of Tenancy Agreement by both parties
  • Collect the initial rent and deposit monies
  • Organise an inventory to be prepared and checked with the Tenant
  • Transfer the Utility Accounts