How can I let my property quickly?
Your Questions? Answered
Please find below Hensons comprehensive list of most frequently asked questions, with answers regarding that particular topic. Please do not hesitate in contacting our team who will be most happy to answer any questions not covered here..
By giving your property the WOW factor, you will give your property the edge as the best ones will always go first". So to create the WOW factor with good decoration, nice modern furniture, well lit rooms and make sure you clean inside and out. Ensure we have keys and mobile numbers for any current tenants; so that we can arrange a viewing quickly.
How much can I rent my property for?
It depends on the location and overall condition of the property and furniture. Poor location and dated
furniture will lower the amount a tenant is prepared to pay. Check similar properties in your area for an idea of what the average person can
afford. Don’t forget that people who can afford higher rent often end up buying.
What legal documentation will I need to provide?
Before we can start marketing your property we will require you to provide the following:
Will I need to pay any money in advance?
- Energy Performance Certificate.
- Gas Safety Certificate.
- Electrical Certificate.
- HMO license if applicable.
- Proof of ownership.
No not at all, we have a no let fee policy, you only pay us when we have successfully let your property out.
What is an Short hold Tenancy?
Most tenancies will automatically be Assured Short hold Tenancies (ASTs), provided the rent is under £25,000 a year and the property is let to private individuals. Tenancies are usually granted for an initial fixed term of either 6 to 12 months. When the fixed term has expired the landlord is able to regain possession of the property provided he gives two months written notice to the tenant.
Will Hensons managed my HMO. property?
Yes, Hensons specialise in HMO licensing and are able to offer a professional service to all our landlords making sure that you apply with current laws regarding HMO properties.
When a landlord offers a property for rent which is three storeys high (habitable) and with five bedrooms or more or people from two or more households, the landlord is then required to register the HMO with the local council. The license will be granted by the local Authority which will be subject to a fee and the license will last initially for 5 years. The requirements apply to properties which share facilities and do not apply to self contained flats or apartments.
How can I improve my chances of a successful let?
By offering property that closely matches the tenants needs. We question the tenant carefully
to provide a concise description of the property type, location and budget available. If one of those
factors is missed or over priced, then your chances are lowered. We have an equal interest in
your success, as our income is generated from renting your property.
Should I furnish my property?
Yes in part, but before you swap your old sofa for a new one, remember that tenants preferences may not be the same as yours. Low cost, presentable modern furniture is widely available and we can provide general advice on what people are looking for. You also have a legal responsibility for the fire safety standards of furniture, furnishings and the
general safety of any electrical or gas appliance provided. We are more than happy to meet with you and discuss your options.
What can I deduct from my tax bill?
Subject to the Tax Office approval, you can claim for 10% of the rent collected against wear and tear, the interest you have paid on a mortgage (but not the repayment), maintenance invoices, gas safety checks, new double glazing, service charges and our management fees.
Can I claim any more against tax?
Possibly. Many landlords have taken small loans or extended their personal mortgages. It may be possible to claim for the interest charged on such
loans and personal mortgages.
Hensons are also registered with HM. Customs so we able to deal with all overseas landlords regarding tax associated with their rental income.
Must I inform my insurance company?
You should ensure that you are suitably covered for letting under both your buildings and contents insurance. Failure to inform your insurers may invalidate your policies. We can advise on Landlords Legal Protection, Rent Guarantee Cover and Landlords Contents and Buildings Insurance if required.
Should I inform my mortgage company?
You must inform them that you are letting the property as they may want to impose conditions. If you do not, then you could end up in a situation of not being allowed to let the property and having to compensate your tenants.
Can I guarantee rent payment?
There is a rent guarantee option available, Its a little extra and requires tenants to pass a more rigorous reference check (which may put them off), but this will guarantee the rent is paid on time every time even if the tenants default (subject to terms and conditions).
If you require further information's regarding the services we provide, you may download our landlord brochure from this website or give us a call.