landlord - Move On Property Sales and Lettings

GOVERNMENT CRACKING DOWN ON UK LANDLORDS!

We are starting to see signs of local councils and the Government cracking down on rogue landlords.

Here are few that have come across my industry news this month…

RENTAL PAPERWORK- IT MUST BE ACCURATE!

Sometimes, I forget how the systems I have put in place over the years are rigorous and almost fool-proof (never say never!). So when we take over properties from other agents, this always comes back to remind me.

We recently took over an HMO property from another agent and was shocked to discover there were deposits taken that equalled more than the 5 weeks’ equivalent legal limit, and on one tenancy the rental amount per calendar month was nowhere to be seen on the tenancy agreement. These are schoolboy errors in my opinion!

At Move On, all legal paperwork goes through three audits to ensure the dates and addresses are correct, names match passports, right to rent has passed, and many other checks to ensure the paperwork is absolutely water tight in the event it ever had to go to court or a tenant being able to make a claim, like the deposit collected being more than 5 weeks of the rent!

At Move On, we make sure all our landlords can sleep at night, because this is what we do every day. We make sure we are always up to date with latest legislations, and we are often ahead of the deadline.

Is it time to move on with Move On? Ring me or come in and have a chat, we really are a friendly, professional bunch.

If you would like a free up to date rental appraisal or fresh eyes over your paperwork to ensure you are compliant, then please contact me 01202 711169 or email sharon@moveon.biz

Sharon

Information For Landlords

Information for Landlords

As a landlord, you need to know that your rental property is being looked after, not just by your tenants, but by your agents as well.

With over 15 years of experience in letting and managing rental properties across Poole, Bournemouth and beyond, you can be assured Move On bring the expertise and knowledge to ensure not only your property is looked after, but you are too.

At Move On, we offer a range of different services for rental properties depending on your needs:

Portfolio Management

Have all your investments in one place and in good hands by leaving management of your properties to us. You'll be assigned a designated portfolio manager from our team and full management 24/7. We'll take care of everything from sourcing new tenants to mid-term inspections, compliance management and check outs, so you'll truly be able to relax knowing your portfolio is in good hands.

Fully Managed Service

Our fully managed service allows you to really put your feet up and let us take the stress of finding tenants and managing your rental property from your shoulders. This includes collecting your rent, dealing with maintenance issues, making sure your property is compliant with all the latest legislations, and conducting property visits.

Let Only and Rent Collection Service

With our Let Only and Rent Collection Service, you still retain control over the maintenance of your property, but you don’t have to worry about collecting and managing rent, property visits, finding new tenants, and making sure you are covered with the latest legislations – you can leave that up to us!

Let Only Service

With Let Only, we’ll value and advertise your rental property on our website, social media and popular property portals like Rightmove and find your next tenant. We’ll take the stress out of the compliance side of finding and referencing new tenants too.

What's Included?

Full rental valuation

Advertising of property

Tenant identity verification and Right to Rent Checks

Full tenant referencing

Preparation and distribution of tenancy documents

Arrangement of compliance checks (Gas Safety, Electrical Certificates, etc.) (charges apply)

Compliance advice

Protection of deposit

Collection of rent

Arrangement of quotes, repairs, and maintenance

Regular property checks

Tenancy renewals

Management of check outs and end-of-tenancy

Full list of landlord fees:

SCALE OF CHARGES FOR LANDLORDS 1) Our Let Only Service £550.00 plus VAT (£660.00 inc VAT ) or 5% of the first 12 months rent, whichever is the more. 2) Our Letting and Rent Collection Service 8% plus VAT (9.6% inc VAT) 3) Full Management Service 12% plus VAT (14.4% inc VAT) 4) Premier Fully Inclusive Package 15%+VAT (18% inc VAT) (includes rental warranty) The following fees under the above services are payable when any individual or organisation enters into an agreement to rent the Property as a result of our promotion, introduction, or viewing by the Agent. Additional Charges: Initial Arrangement Fee £440.00 (inclusive of VAT) and includes the following; Tenant referencing £0.00 (inclusive of VAT) Tenancy agreement Fee £0.00 (inclusive of VAT) Check in £0.00 (inclusive of VAT) NB: Please note the above arrangement fee is included in our Let Only service. Inventory service £145.00 (inclusive of VAT) Registration of Deposit £24.00 (inclusive of VAT) Check out £150.00 (inclusive of VAT) Void property inspections £0.00 (inclusive of VAT) Additional inspections £40.00 (inclusive of VAT) first 2 included in management fee per annum Tenancy renewal fee £144.00 (inclusive of VAT) Issuing of notices £120.00 (inclusive of VAT) Annual Statutory Periodic Fee £60.00 (inclusive of VAT) Rent Warranty £432.00 (inclusive of VAT) if required Deposit Disputes £180.00 (inclusive of VAT) If case referred to an adjudicator Professional hourly rate £60.00 (inclusive of VAT) Charged by the Agent when required to carry out any additional services ie Court attendance

Blog Articles

40% of Tenancies Not Correct

When it comes to claiming on tenant deposits, Tenant Voice recently claimed 40% of tenancies are incorrect, which often will lead to not only the tenants being awarded in their favour but also resulting in landlords being out of pocket.

I have worked within the industry for over 30 years and owned Move On for 15 years. When you have been around for this long, there are rules we learn in books and training days, etc. and there are many things you learn through experience. I have got to where we have today due to the rigorous systems put in place. Those systems have been adapted over the years from experience.

It always fascinates me that no matter how diligent our systems and checklists are, when we recruit a new person, something else will slip through. It does not concern me too much because we just simply add it to our checklist. All our tenancies are triple-audited by three separate pairs of eyes, prior to paperwork going out to be signed. I have often had staff ask me: “Do we have to do so many checks?” and my answer is…

Yes, always.

We are not perfect as humans, we are an extremely busy office and it is very easy to be distracted by a phone call or someone walking into the office, so triple-checking has to be done. To get a date wrong, a term wrong or have paperwork missing can result in the landlord not being able to claim through a rent guarantee warranty or in an eviction process as well as thousands of pounds of fines to the landlord and us as an agency.

Deposits not protected or incorrectly prescribed information will find the landlord out of pocket of up to 3 times the deposit plus the deposit back.

Renting out properties without the correct license will have the landlord not only fined/banned but also a rent repayment order of up to 12 months of rent.

There are many agents out there, please don’t go for the cheapest, go for the one that gives you confidence that they absolutely know the law! In the end, the cheapest never ends up being the cheapest when it goes wrong!

Keep safe,

Sharon

Remember a good letting agent is worth every penny when you know you can sleep peacefully at night.

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GOVERNMENT CRACKING DOWN ON UK LANDLORDS!

RENTAL PAPERWORK- IT MUST BE ACCURATE!

Information for Landlords