Landlords
Here at Chapple Property Management we pride ourselves on offering a professional and efficient service for our landlords. With over 35 years in the lettings business, we understand the needs of our landlords and have a presence on the best property portals to ensure that we find tenants for their properties quickly. With extensive tenant referencing we ensure only the best tenants for our landlords, and offer a variety of services to meet their landlords, from Introduction Only where we just source a tenant for their property, to our Fully Managed service that will allow you to sit back and relax while we handle any issues that may arise at the property throughout the course of the letting.
We have a dedicated team of available to keep you up to date with the whole rental process and to answer any enquiries you may have. Our business is built on customer satisfaction and we will handle the rental of your property as if it was one of our own.
To find out more please contact us today, or why not request a free, no obligation, valuation of your property.
- FREE property consultation & advice service
- Extensive pre-tenancy marketing
- Erect board outside property
- Undertaking comprehensive tenant referencing & right to rent checks
- Preparation of an inventory & schedule of condition
- Drafting and assignment of a tenancy agreement
- Registration of tenant’s deposit with an approved scheme
- Advise utility providers of change of occupancy
- Collection of rent received providing a written statement
- Arrange routine repairs as instructed
- Liaising with contractors
- Post tenancy deposit administration
- Property visits and liaising with your tenants
- Specialist advice and support from dedicated staff during the tenancy
- End of tenancy checkout
- Processing tenant's deposit on termination
- Re-marketing property
- Extensive pre-tenancy marketing
- Erect board outside property
- Comprehensive tenant referencing & right to rent checks
- Carry out accompanied viewings (as appropriate)
- Drafting and assignment of a tenancy agreement
- Collection of first months rent providing a written statement
- Collection and payment of the tenant’s deposit to the landlord
- Provide tenant with method of ongoing payment of rent to landlord
- Specialist advice and support to the tenancy commencement
- *Only £450.00 (all monies deducted from initial rent as received)*
- Full EPC Certification for £75.00 plus VAT
- Full preparation of an inventory, with photographs & schedule of condition for £100 Plus VAT
- We also offer landlords a separate Rent collection service for 4% of rent due
Charges and Marketing
Transparency in our Charges
Who is responsible for paying tax?
It is necessary to prepare accounts each year on all properties let, whether they are furnished or unfurnished. Your accounts should be presented to the Inland Revenue indicating what taxation liability might arise. Tax liability is assessed on the tax year running from 6th to 5th April.
You can claim many allowances when letting your property that can be deducted from your profit. Such allowances include letting agent fees, solicitor fees, accountant fees, maintenance and repair work carried out during the letting. Mortgage interest can also be offset; contact your tax accountant for accurate information.
The responsibility of payment of tax depends on whether the landlord lives in the UK or abroad. If the landlord lives in the UK, then the Inland Revenue will assess them for the appropriate tax. If the landlord is abroad then the letting agent will be assessed for tax and we will be responsible for paying it on their behalf on a quarterly basis direct to the Inland Revenue at the current rate of tax of the net rental income.
Since the introduction of self-assessment, it is now possible for landlords to apply for an exemption certificate by completing a “Non-Resident Landlord Form” allowing the agent to continue paying the rental income without deduction of tax.
Insurers must be notified of the letting of your property so that the policy on the structure and contents may be endorsed. Insurance will be invalid if insurers are not correctly informed. Chapple Property Management also advises that insurance specific to contents cover is arranged to protect against possible damage by tenants as we cannot be held responsible for loss or damage to the contents while the property is let.
Do i need insurance
Insurers must be notified of the letting of your property so that the policy on the structure and contents may be endorsed. Insurance will be invalid if insurers are not correctly informed. Chapple Property Management also advises that insurance specific to contents cover is arranged to protect against possible damage by tenants as we cannot be held responsible for loss or damage to the contents while the property is let.
Should i tell my Mortgager Company
Yes. If you have a residential mortgage you must seek permission (consent to let) from your lender and fees may apply. For full details contact your mortgage lender.
It is usual for the following parameters to apply:
- In some cases, a higher rate of interest may be charged
- In some cases, your mortgage company will levy an administration charge
- References and tenancies may have to be seen by the mortgage company before granting permission
- The mortgagors may insist on the correct documentation to ensure reoccupation. They may also insist on the management being conducted by a recognised body such as a member of the National Association of Estate Agents (N.A.E.A) and the Association of Residential Letting Agents (ARLA).
- It is usual for a length of time to be set that the property can be let for.
- Permission will usually be given only if the mortgage account has been managed to the lender’s satisfaction
