We are thrilled to announce the launch of our lettings division at Rickitt Partnership, to complement our successful sales department. The lettings will be headed up by Rickitt Partnership Associate, John Fairclough. There is a great deal to be considered when you are thinking about letting your property. John took some time out to take us through a few pointers.
John has nearly 30 years experience in the industry and his credentials are second to none. He holds the certificate in Residential Estate Agency (CREA) as well as the Level 3 Technical Awards in Residential Lettings.
Before joining Rickitt Partnership he worked for both independent and corporate estate and letting agents in manager and director roles. So we think there is no one better placed to offer advice on this particular subject.
The right agency
John explains that, whilst renting out your property can be a great source of additional income or a fabulous investment, it is not as simple a process as it may seem. Therefore, it is crucial that you entrust your property to an agent who is knowledgeable and will give you the best advice. There are no short-cuts; appropriate due diligence and a robust tenancy agreement are integral to helping you ensure a trouble-free tenancy.
Thoroughly preparing your tenancy at the beginning will help you all the way through the process. John explains that your agent needs to be able to advise and deal with the following in a comprehensive and thorough manner:
- Preparing your property to achieve the best rental
- Ascertaining the correct term of the let and rent
- What legal and mortgage requirements you may need
- Collecting and managing rent
- Periodic inspections
- Property maintenance
John goes on to explain a little bit more
A robust tenancy agreement should always be agreed and signed in advance of occupancy commencing. In this way the term of the tenancy and the agreed parameters are clearly laid out
The Landlord & Tenant Act 1985 ensures that landlords must maintain the building (this is clarified as the exterior and structure). This includes the roof, windows and walls, as well as electrical and gas safety and heating. Tenants are generally expected to undertake minor jobs such as general housekeeping and gardening.
Tenancy Deposit Scheme
The most transparent way to deal with tenants’ deposits is through the Tenancy Deposit Scheme. This ensures that a tenant’s deposit is safeguarded and, should any issues arise at the end of the tenancy, the scheme provides processes through which they can be resolved.
Recording an inventory of all contents that will remain in the home during the tenancy is very important. The inventory should be checked, agreed and signed for by both parties before the tenancy commences. At the end of the tenancy the inventory must be checked again and signed off.
If you are considering renting out your property pop into the office and have a chat to John. He will be more than happy to run you through everything you will need to consider from prepping your property through to legal requirements and he will give you the benefit of his vast market knowledge. You can rest assured that Rickitt Partnership work within the most stringent industry guidelines and are members of the Association of Residential Letting Agents (ARLA).
Finally, we will leave you with these wise words from John
“It is not about getting a tenant, it is about getting the right tenant.”
About the author
Danielle comes from a marketing and media background, with over 20 years experience in her field which includes tenures at a number of distinguished Cheshire-based magazines and marketing agencies. Danielle has responsibility for marketing at Rickit…
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