Landlords

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Why choose Youngs to rent your home or investment Property?

Over the last 32 years we have built an excellent reputation for providing a first class Letting and Management service. All our staff are well trained and highly experienced with a friendly and professional approach.

We realise that all our Landlords expectations vary and what may be perfect for one Landlord might be different for another. With that in mind, and with our state of the art Property Management software, we will tailor our service to suit you.

Many of our new instructions are on the recommendation of our existing and past Landlords.

Iamge Description

So what do you need to do first?

Initially you need a market rental assessment. We can arrange this free of charge and there is no obligation to proceed past this stage.

Our experienced Valuer will arrange an appointment with you to view your property. A look around internally will allow a clearer idea of the achievable market rental income. Factors that affect the appraisal:

  • The type of property e.g. semi-detached, detached, cottage, apartment
  • The location of the property
  • The number of bedrooms
  • If it comes with a garage - and whether it is single or double
  • If it has a garden and the size
  • The parking facilities - street parking/ driveway/ private parking
  • The internal condition of the property - decor and furnishings
  • If it is being offered on a furnished or unfurnished basis
  • The condition of the rental market at the time will also affect the rent

Our Valuer will then explain the market rental appraisal, safety certificate requirements, our property management service and our fees.

At this time we will be happy to discuss any further rental properties with you.

What can we do for you?

Once you have instructed us to let your property we endeavour to take very good care of it. We want to find you a quality tenant for your quality property.

Letting Only Service

For Landlords who are happy to look after the administration of rent, repairs and maintenance. This service covers:

  • Rental Valuation Visit and Report (this service is offered free of charge and without further obligation)
  • Marketing of the property
  • Accompanied viewings
  • Identifying suitable tenants
  • Credit Referencing & Identification checks
  • Preparing Tenancy Agreements
  • Collection of first month's rent and security deposit
  • Inventory and any certificates required (Energy Performance, Gas Safety, Electrical, etc...) can be arranged at additional cost, Letting Only Fee is half of one months rent plus vat

Marketing

Marketing your property is key. We make sure your property is accessible to prospective tenants by:

  • Entry on property list
  • Window display card in an ideal location in our town centre based office
  • To Let board
  • Entry on our website
  • Entry on Rightmove the UKs largest Property Website
  • An active prospective applicants list who are matched against new properties
Marketing

Separately we do advertise to promote our name with well known companies and organisations within Milton Keynes.


Lettings

Our office is open six days a week and is staffed by experienced property professionals all highly motivated and eager to let your property, as fast as possible to the most suitable tenant.

  • All tenants are qualified with our strict criteria before viewings take place
  • Once a tenant is secured we will call you and give you some background information regarding your new tenant
  • We will ensure the tenant provides all necessary paperwork to start the referencing procedure.

Administration

Upon completion of the tenancy application a full credit reference will take place, which checks the following:

  • Credit history
  • Associated addresses
  • Employment reference
  • Previous landlord's reference if applicable

Only once satisfactory references have been received, will the tenancy be allowed to commence.


Tenancy agreements

The tenancy agreements we use are based on the approved Letting Centre agreement, which has been fully legally checked and is proven to be reliable in a court of law. The tenancy is usually for an initial six month period and renewable thereafter to suit the needs of the landlord and tenant.

Only once satisfactory references have been received, will the tenancy be allowed to commence.

Marketing

Tenancy Renewals

On the third month of the tenancy you will be contacted regarding the tenancy renewal. At this point you can:

  • Offer the existing tenants a further term
  • Issue the tenants notice to terminate the tenancy at the end of the term.

If we do not get a response from the landlord, to ensure continuity we would offer a renewal of tenancy.


Accounts

Our professional accounts service monitor the rents received by your tenant, make payments directly to your bank account and send you a monthly statement detailing income and expenditure and what has been paid. We also credit control if the need arises due to non-payment.

We would always recommend Landlords take out rent protection insurance. In the case of non-payment the Landlord will receive rent plus payment for Legal Fees and 75% of the rent for two months after vacant possession.

Property Management

Now that your property is successfully let to the right applicant we will manage your property, the tenancy and deal with any repair issues that may arise. This includes:

Inventory of the property condition

A detailed document with thorough notes which is proof of the condition. This document forms part of the tenancy agreement and its contents may be used as evidence in the case of a deposit dispute.

Gas safety checks

Making sure the property meets all the legal requirements of the gas safety laws

Signing of the tenancy agreement and move in

The tenants will have an appointment to go over the legalities of signing the tenancy agreement before they move in. The tenants must sign for the keys and verify the inventory of the property contents and schedule of condition.

Property visits

Carried out at regular intervals to check that the tenants are complying with the terms of the tenancy agreement. Each time a property visit is completed a copy is retained on file. The landlord is advised of any repair issues that are raised and any considered breaches of the tenancy agreement.

Repairs and Maintenance

You will be advised of any repairs requested and any actions required. If instructed to do so we will arrange and organise repairs using either our recommended contractors or the landlords preferred contractor. Invoices for repairs are deducted from rent.

Final Inspection

Once the tenant has vacated a final inspection will be carried out. The original inventory and schedule of condition is checked. The tenant is charged for any repairs and cleaning which are needed and considered beyond fair wear and tear. The landlord is notified of this and also advised on the on-going condition of the property and what, if anything, is required to effect a quick re-let. Fees for this service are New tenancy set up £210 inc vat and 10.0%-12.5% of monthly rent dependent on number of properties and rental value.

Contact your local professional letting agent today

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