Guide to Letting
The letting process is not usually particularly complicated but can be daunting if you've not done it before. Whether you're a first-time investor or an experienced property owner, your property portfolio is your investment in the future. And your future deserves the very best planning, management, and professional support. At Kevin & Co. clients are for life, not just for the moment. We have created a comprehensive checklist below to guide you through the letting process.
Rent Valuation
Your aim should be to let your property at the best possible price in the shortest possible time. To do this we take into consideration the size, presentation, facilities, and location. This valuation is completely free.
Property Preparation
First impressions count, making the presentation of your property critical to a successful let. It is important that a property is well presented to create a comfortable and safe living space. Consider addressing any DIY jobs you have been meaning to get done, add a fresh coat of paint where necessary and try to declutter to make rooms appear larger. By optimising the property’s appearance, it will receive more market interest.
Accompanied Viewing
We will arrange appointments and accompany prospective tenants on viewings. You will be updated after each viewing as to interest expressed by potential tenants.
Receive Offers
As soon as a tenant makes an offer, we will contact you to let you know the full details and any special conditions to help you decide whether to accept.s.
Reference Check
All tenants will undergo thorough background checks. We use an independent referencing company to report on their suitability and creditworthiness, including their payment history on any previous lending and any adverse credit e.g. CCJ’s or bankruptcies. Their identity is also verified as is their right to live and work in the UK. We cover the Right to Rent checks including whether they are subject to any immigration control. Prospective tenants will also be required to demonstrate their financial ability to cover rent and living expenses by way of confirmation of employment, bank statements and payslips, we will also obtain a current or previous landlords reference This gives us the information we need to determine their suitability as a tenant for your property.
Legal Formalities
Following the successful completion of referencing, we request tenants to submit their first month rent and security deposit. Upon receiving cleared funds, we commence drafting the tenancy agreement, requiring signatures from all involved parties.
Completion
Upon completion, keys will be released to the tenant on moving-in day. For managed properties, we will also retain a set of keys at our offices. Within seven days the inventory will be sent to the Tenant for them to agree and sign, with any amendments highlighted within 14 days or the inventory will be locked down.
Congratulations!
Kevin & Co. has successfully let your property!