Landlords
At Steven Smith we fully understand that excellent presentation and maximum exposure play a key role in achieving the best possible rental income for our landlords. We are totally committed to delivering the results you expect – a quality tenant paying the best possible rent.
Maximum Exposure
We can use our network of offices to pro-actively market your property. With extensive advertising we can make sure that it is exposed to the widest possible audience. From a tenant find to a full management service, you can be assured that our dedicated sales team will provide you with an excellent service.
Landlords – Why choose us?
- We provide a friendly personal service paying particular attention to detail to ensure the highest level of professionalism and competency.
- Our service is fast and efficient making use of the latest technologies to market your property and attract the right tenants for you.
- Prospective tenants are carefully vetted by means of credit checking and referencing. Some may also need a guarantor.
- We offer competitive market rates and we can also offer reductions to our standard fees for multiple property portfolios.
- We can guide you with regard to the preparation of your property, prior to the start of your rental, if you are new to the rental market. We are also able to advise/ update seasoned landlords.
- We are able to advise and keep you informed about changes in the law relating to your rental and landlord/tenant rights and obligations. This being the case we work closely with local Councils to ensure that any regulations ( on a local level) are adhered to.
Landlord Fees
Tenant Find
50% of rent (+VAT) of the first months rental income includes:
- Advertising and marketing your property
- Undertaking credit checks and references of proposed tenant
- Preparation of Inventory/Schedule of Condition at the beginning of the tenancy
- Preparation of the Lease
- Collect first months rent and deposit
- Notify utility companies & the Local Authority of the change of occupant.
Fully Managed
10% of rent (+VAT) includes:
- Advertising and marketing your property
- Undertaking credit checks and references of proposed tenant
- Preparation of Inventory, Schedule of Condition & Lease
- Notify Utility Companies and the Local Authority of the change of occupant
- Rent collections from Tenant and transferring payment to Landlord
- Dealing with any problems raised by the Tenant
- Regular inspections of the property and final check of the property at the end
A landlord will come to us because we offer the service they want. A tenant will come to us because we have the property they want.
We could write pages about our services to both landlords and tenants. We like to treat all landlords and tenants as individuals, therefore the service requirements are built around what you want and need rather than what we think you need.
Let’s start with the costs
Landlords
For most landlords, the big decision to make is to go for a ‘fully managed service’ or a ‘find a tenant only service’.
CLEAR PRICING OF OUR SERVICES
Our charges are attractive and hold no hidden extras.
FOR OUR LANDLORDS
We offer two distinct services when it comes to letting your property ‘Full Management’ and ‘Tenant Find’ service.
| Service | Tenant Find | Letting Full Management |
|---|---|---|
| Preparation of property brochure including extensive range of photographs | ✔ | ✔ |
| Comprehensive marketing in the local newspapers and major websites such as Rightmove, Zoopla and our own | ✔ | ✔ |
| Prominent ‘To Let’ board to attract passing interest | ✔ | ✔ |
| All viewings accompanied and full feedback given to you on the outcome | ✔ | ✔ |
| Finding a suitable tenant, carrying out references, Right to Rent and credit checks | ✔ | ✔ |
| Drawing up the tenancy agreement | ✔ | ✔ |
| Organising safety inspections e.g. Gas Safety certificate | ✔ | ✔ |
| Organising energy performance certificate (unless already held) | ✔ | ✔ |
| Collection of the initial rent and deposit | ✔ | ✔ |
| Lodging of deposit with DPS | ✔ | ✔ |
| Preparation of property inventory and condition report | ✔ | ✔ |
| Ongoing rent collection on monthly basis | ✔ |
|
| Take meter readings at the start and end of tenancy | ✔ |
|
| Frequent property inspections with full emailed reports | ✔ |
|
| Arranging repairs and maintenance | ✔ |
|
| Monthly statements | ✔ |
|
| Provide point of contact for any tenant concerns | ✔ |
|
| Managing the check-out process, return of DPS Deposit, tenancy renewals and re-lets | ✔ |
|
| Keyholding service | ✔ |
|
| Arranging the issue of legal notices where required and general legal advice | ✔ |
|
| Our Fees | 60% Inc vat of first month’s rent. Minimum fee £300 Inc vat | Max 12% Inc vat of each month’s rent. |
Our Landlord’s extended range of services and costs are inclusive of VAT;
| Service | Cost |
|---|---|
| Section 21 Notice – formal termination of tenancy | £30 |
| Section 13 Notice – formal notice of rent increase | £30 |
| Renewal of tenancy agreement with existing tenant (managed only) | £50 |
| Preparing of inventory and schedule of condition (Landlords that take up the ‘’Tenant Find Service’’ can decide to do their own inventory and schedule of condition. | £120 |
| Arranging Energy performance certificate | No Charge |
| Arranging Gas Safety Certificate | No Charge |
| Arranging Electrical Safety Certificate | No Charge |
| Arranging Legionaries Safety Certificate | No Charge |
| Arranging contractors visits | No Charge |
