Prototype: layout and copy for the Yuvello consumer site. Not the live site. Dashed blocks are placeholders that must be replaced before launch.
Landlord services
Let only: we find the tenant
We market the property, find a tenant, reference them properly and set the tenancy up correctly. From the day they move in, the property is yours to run.
Who it suits
Is this the right level for you?
Let only suits a landlord who is close to the property, has the time to answer the phone, and either knows a reliable plumber or is one. It is the cheapest level because you are doing most of the work.
It is a poor fit if you live a long way from the property, travel, have a demanding job, or have never dealt with a tenancy before. The saving is real, but so is the three in the morning call about a leak, and so is the cost of getting a Section 21 wrong because the paperwork at the start was not right.
Most landlords who move up to a higher level do it after the first thing goes wrong rather than before.
What is included
What is included in let only
Everything up to and including the day the keys change hands.
16 things, included in the fee
Before it goes on the market
- A rental valuation carried out in person by your local agent, with the comparable evidence behind it
- Guidance on the statutory compliance the property needs before it can be let
- A check on the consents you need: mortgage lender, freeholder, insurer
- Advice on any work required to meet current legislation, and what is worth doing beyond that
Marketing it
- Professional photography and a measured floorplan
- Listed on the major portals and to our own list of registered tenants
- Enquiries qualified before anyone is offered a viewing
- Accompanied viewings, seven days a week
Finding the tenant
- Tenant interview and negotiation of the tenancy terms on your behalf
- Credit checks, affordability, employment and previous landlord references
- Right to rent checks on every adult occupier
Setting the tenancy up
- The assured shorthold tenancy agreement drawn up and signed
- Standing order set up so the rent arrives on the same day each month
- Meter readings taken and the utility companies and council notified
- Deposit collected, registered in an approved scheme and the prescribed information served
- Inventory and schedule of condition arranged for check-in
What stays with you
What you take on from move-in day
This is the part landlords tend to underestimate. None of it is difficult. All of it takes time, and some of it has legal consequences if it is missed.
Rent collection and arrears
The rent comes to you. If it stops, chasing it is your job, and so is keeping the records you would need if it ever went further than a phone call.
Repairs and emergencies
Finding the contractor, agreeing the price, getting access, and being contactable when the boiler fails on a bank holiday.
Inspections
Periodic visits, written up, with photographs. Without them you find out about a problem when the tenant leaves.
Compliance and renewals
Diarising the gas safety check, the electrical report and the licence renewal, and getting each one done before it lapses.
The end of the tenancy
Check-out, the dilapidations assessment, negotiating deductions and dealing with the deposit scheme if the tenant disputes them.
Notices and possession
Serving the right notice, in the right form, at the right time. Get this wrong and you start again, months later.
The law
Your legal duties as a landlord
These sit with you as the landlord whoever actually carries them out. On this service level we can do some of them for you, but the liability does not transfer, so it is worth knowing what they are.
- An annual gas safety check by a Gas Safe engineer, with the record given to the tenant
- An electrical installation condition report at least every five years
- An EPC of band E or better, unless a valid exemption is registered
- Working smoke alarms on every storey and a carbon monoxide alarm in any room with a fuel-burning appliance
- The deposit protected in an approved scheme within 30 days, with the prescribed information served
- Right to rent checks on every adult occupier before they move in
- The current How to Rent guide served at the start of the tenancy
- Any selective or HMO licence the local authority requires
[LEGAL REVIEW NEEDED] This list is a plain-English summary of the position in England and is not legal advice. Requirements differ in Wales and Scotland, and they change. Have it checked and dated before launch, and add who is responsible for each item on each service level once that is settled.
What it costs
The fee for this level
[FEE TBC] The management fee for this level, what it is a percentage of, and whether it is quoted inclusive of VAT are all still to be confirmed.
A letting agent in England has to publish its fees, its client money protection and its redress scheme membership on its own website. That is not optional and it cannot launch without them.
- The management fee for this level
- Tenancy set-up, inventory, check-out and renewal charges
- What is included before anything is charged extra
- Every figure inclusive of VAT
Not sure let only is enough?
Talk it through with your local agent. Moving up a level later is straightforward, but it is cheaper to start at the right one.