Your interests are our priority and we would welcome the opportunity to discuss your requirements. 

Landlords

 

LP Lettings offer Landlords a professional, personal and quality service that is tailored to your needs.

Whether it’s just finding you a Tenant, or fully managing your property, you can be assured of our first class service and advice.

If you are searching to buy an investment property, we can offer advice on what and where to buy to maximise long term capital growth together with the projected rental income to make sure you are happy with an investment property.

Our unique strength is our experience in the local residential lettings market, we don’t have the distraction of a sales department and so you can be sure of a focused, dedicated approach.

We liaise with you on the latest legislation regarding matters such as Gas Safety Regulations, Energy Performance Certificate requirements, Non Resident Landlord Taxation and more.

We take a pro-active approach to letting and managing your property, and every effort is taken to ensure that our Landlords get the best possible service and their properties are let quickly and efficiently to the good quality tenants.

 

“We are always mindful of the responsibility of looking after someone’s principal asset, and we take that duty conscientiously and professionally.”

Thank you so much again for all your help and ‘old fashioned’ but far too rare professionalism

Mr A Melville

Landlords Fees

LP Lettings offers three levels of service, Find Only, Rent Collect and Managed which all include the following;

  • Visiting the Property and advising as to the likely rental income.

  • Advertising and generally marketing the Property.

  • Undertaking thorough reference checks through an independent company.

  • Arranging, if required by the Landlord, for an Inventory and Schedule of Condition to be compiled.

  • Preparing the Tenancy Agreement

  • Taking a deposit from the Tenant and registering it with the DPS.

Arranging for a Check In and Check Out at the start and end of the tenancy. We strongly advise Landlords to have a professional inventory compiled by an independent inventory clerk.

 

Our Rent Collect and Managed services will also include;

  • On receipt of cleared rental funds, accounting to the Landlord, less any commissions, invoices or other payments regarding the property.

  • Preparing and submitting a Statement of Account to the Landlord on a monthly basis.

  • Monitoring payments and advising the Landlord on the status of any late Rent payment and the action being taken.

In addition to the above, our fully Managed Service includes the following;

  • Notifying the relevant utility companies and council tax of the Tenants details for billing.  We are unable to inform

  • telecommunication companies who will not take instructions from a third party.

  • Carrying out regular inspections of the Property and reporting to the Landlord thereafter.

  • Handling all reported faults at the Property by instructing a qualified contractor to repair as appropriate.

  • Notifying the Landlord (except in emergencies) if the cost of any repair or replacement is likely to exceed  £250 + VAT

  • Paying contractors for works carried out to the Property from monies held on account.

A float of £250 is required at the commencement and during the term of the management so that we are able to meet any expenditure on the Landlord’s behalf.

 

Renewals and Extensions

We will endeavour to contact both Landlord and Tenant 2 months prior to the end of the tenancy to negotiate an extension of the tenancy if so required.

We will draw up the appropriate documents for signature by both parties. The charge to the Landlord is £90 inc VAT.

Scale of Fees

Introduction Only

9.6% inc VAT of the total rent for the fixed term

Rent Collect

12% inc VAT of the total rent, deducted monthly

Managed

14.4% inc VAT of the total rent, deducted monthly

Pre Tenancy Reference Checks £120 inc VAT

Tenancy Preparation Fee £162 inc VAT

Registration of Deposit £30 inc VAT

Tenancy Renewal £90 inc VAT

Inventory Preparation and Check Out Fees

1 Bedroom £120 inc VAT

2 Bedrooms £144 inc VAT

3 Bedrooms £168 inc VAT

4 Bedrooms £192 inc VAT

5+ Bedrooms £216 inc VAT

Inventory Re-type £60 inc VAT

If the property is furnished, an extra 15% will be added to the above.