NP Estates are very experienced in the letting of properties. Our simple aim is to provide a professional quality service combined with a caring and friendly approach. We understand the importance of your investment and are able to maximize this to the full potential. Our service includes :-
Very competitive commission rates – Free valuation & Rental advice – Free advice on rental investments – Full management or introductory service Taking up references on prospective tenants – Drawing up relevant Tenancy Agreements – Collection of Deposit/Bond Transferring of Utilities – Dealing with any maintenance/repairs which may occur during tenancy – In house maintainance service available – Regular inspection of managed properties – Rent guarantee scheme – Fully computerised management programme – References received within 48 hours – Monthly statements
Residential letting and management is a minefield of regulations and legal obligations (including gas and electric checks, repairs obligations and fire and safety regulations) which affect both the landlord and the agent. In order to facilitate a trouble free letting of your property, you require not any a thorough knowledge of all the rules and regulations, but also a knowledge of local market conditions. We will help you gain that knowledge. For free advice contact 0161 682 1001.
Free Valuation and Rental Advice
Our service begins with a free no obligation valuation of your property. We will make a convenient appointment with yourself and we will then give you a step by step guide to marketing and letting your property. A market valuation of your property will be given, as well as advice on how to best present your property – a good first impression is vital in finding a good tenant. In addition we will inform you of all your legal obligations as a landlord – remember ignorance of the law is no defence.
Full Management or Introductory Service
We offer a full letting and management service, which includes regular inspections of all tenanted properties, the availability of a twenty four hour, seven day a week maintenance service. The collection of rents, and the production of monthly statements. We obtain full references on all potential tenants before we allow them to take up a tenancy at one of our properties. We can normally obtain all references within 3 working days. Once a tenant has suitable references, a mutual convenient appointment time will be arranged for the signing of the lease. We will arrange for the necessary gas and electric checks if required. A full inventory of the property will be drawn up and all meters will be read and the appropriate utility companies informed. We will drawn up a suitable tenancy agreement depending on whether the property is being managed or not and, whether the letting is to an individual or a company. Before a tenant moves into the property, one months rent plus a deposit equal to one month will be taken. If repairs are required on a property, we will normally inform the landlord before any work is undertaken.
We do offer a letting only service where we follow all our nominal procedures up to and including the signing of a prospective tenant. After the sign up has been completed then the management of the tenancy is then passed over to the landlord. Please note that any Landlords who manage their own properties must provide address and telephone numbers to the tenant.
Our fee structure is negotiable depending on individual landlord requirements, but for clarity, if it is agreed that our management charge rate is fixed at 8% plus vat and if your property were to achieve the calendar monthly figure of £595, then our commission including vat would be £57-12. This figure of course is relevant to achievable rents. In relation to initial charges, whereas most other letting agents charge one full months rent to cover their set up costs, we only charge a nominal amount of £350 plus vat, (total £420). This is a one off charge and includes the preparation of an Assured Shorthold Tenancy document. Subsequent re-let fees are charged at £250 plus vat (total £300), and re-sign fees are £50 plus vat (total £60). Please note that NP Estates are registered with the NFOPP client money protection scheme and The Property Ombudsman Service.
Homelet Referencing and Insurance
We are agents of Homelet, who offer a range of products relating to the residential letting industry. Most importantly they offer a reference service which not only allows to obtain references quickly, but it can also offer rent protection to those Landlords who feel they need peace of mind. The rent guarantee scheme is available on certain tenants and guarantees the rent for the duration of the tenancy, and any legal costs involved in recovering rent monies (cost on application). Homelet also offers a range of insurance products for the letting industry including: – building insurance, landlords contents insurance and tenants contents insurance.