Letting a property can be a complex process, but with careful planning and attention to detail, you can increase your chances of a successful let. Here's a comprehensive guide to help you navigate the process
Book A ValuationOur aim is to let your property at the best possible price in the shortest possible time. Our qualified staff will provide you with a current and accurate up to date rental assessment of your property, considering current supply and demand, recent comparable and market trends.
This will ensure your property is marketed at the best possible price. Once a market rent has been agreed, London Estates will circulate the property details by means of comprehensive marketing campaign in local and worldwide media and all internet search engines.
We provide maximum marketing exposure across a wide range of media channels, property portals, and not forgetting the ever-powerful social media platforms. In office, our well-trained staff are ready to match suitable prospective tenants to your property. Digitally, our website is an interactive resource with excellent functionality for both Landlords and Tenants. New properties are immediately uploaded and circulated, alerting matched tenants by SMS and email. In turn our website feeds major property portals further exposing the property to the market.
Our experienced Property Consultants personally match properties with their actively registered tenants and there is often an instant response to new property listings. Even in today's technology led society many of the tenants and landlords we encounter prefer in-person communication from a property professional. Our CRM has an extensive existing database of prospective tenants, there are frequently tenancies generated very quickly from this pool of applicants.
Our longer opening hours are essential to maximise viewing opportunities for your property - in fact most of our viewings are carried out after work and at weekends. Accompanied viewings also mean we can use our expertise to help let your property.
Once we receive an offer, we will relay that information to you, together with detailed information regarding the potential tenants. We check their situation, employment status along with details of who is intending to move in.
Upon your acceptance of a suitable offer, you will receive formal written confirmation outlining details of the proposed tenancy. Tenants will then be required to provide London Estates with their Right to Rent documentation and photographic ID which will be checked and copied, along with submitting their referencing information to our third-party tenant reference provider.
All tenants will undergo thorough background checks. We use an independent reputable referencing company to report on their suitability and credit-worthiness, including their payment history on any previous lending and any adverse credit e.g. CCJ’s or bankruptcies. Their identity is also verified as is their right to live and work in the UK – We cover the Right to Rent checks including whether they are subject to any immigration control. If they have rented properties in the past, we will ask their Landlords to provide us with a reference. This information is provided by a variety of sources including credit reference agencies and is compiled into a report which gives a final credit score.
For standard private residential lettings in England, we prepare an Assured Periodic Tenancy agreement. The tenancy runs on a rolling basis without a fixed end date. The agreement records the rent, tenancy start date and the responsibilities of the landlord and tenants.
London Estates will ensure that all applicants are evaluated by our independent referencing agency. Upon successfully completing the referencing process, tenants will be required to pay one calendar month rent in advance and a deposit equivalent to five weeks’ rent.
An inventory records the property's condition and contents at the start of the tenancy. Please check it carefully and report any discrepancies promptly, following the instructions provided with the report. It provides a useful record when the condition is reviewed at the end of the tenancy.
An initial decision to make is whether to let your property as furnished or unfurnished. Furnished properties will give a better visual impression to the prospective tenants on how the property will look, making it more likely to rent quickly. Should you opt to market an unfurnished property, as a minimum we highly recommend that you provide white goods (washing machine, cooker, fridge/freezer). Offering flexibility is key as a landlord and will broaden the appeal of the property to prospective tenants as individual requirements vary.
