Landlord Advice

Marketing

To help your property reach the maximum amount of interest and potential tenants, as well as providing a beautifully presented listing on our website, we also market across all major property portals, and select social media platforms.

We directly market to our large database of registered tenants who receive property updates whenever a new rental property that fits their criteria becomes available.

High-quality professional photographs are incredibly important when it comes to attracting interest and we take the time to make sure your property is presented at its very best when taking them.

We also offer an exclusive off-market private rental service for when a higher level of discretion is needed and can provide landlords with a select portfolio of clients looking to rent prestige properties.

Finding the right tenant for your property

Matching the right tenant to your property is crucial to a successful tenancy. That’s why we work that little bit harder during the screening and pre-qualification process to make sure everything is in order before moving on to the next stage.

Lettings and Full Management Services include:

  • Marketing of property
  • Professional Photography
  • Arranging for Energy Performance Certificate (EPC)
  • Finding a tenant
  • Credit and affordability checks
  • Right to Rent checks
  • Obtaining references
  • Legally compliant tenancy agreements
  • Collection of rent
  • Transfer of utilities
  • Registration of tenant deposits with Deposit Protection Scheme (DPS)
  • Key holding service
  • Arranging payment of outgoings
  • Arranging all repairs and maintenance
  • Regular property inspections
  • Check-In and Out Inventory Service
  • Arranging a gas safety and electrical certificates
  • Ensure the property is compliant with current regulations (including HMO’s)
  • Negotiation of renewals including the addition of new terms where necessary

HYDE PARK AGENCIES IS A MEMBER OF THE CLIENT MONEY PROTECTION SCHEME - CMProtect Membership No: CMP003934

HYDE PARK AGENCIES IS ALSO A MEMBER OF THE PROPERTY OMBUDSMAN (TPO) - Registration number: E901

Our Fee/Charges for Full Management (VAT inclusive):
Long Let (6 months or more) = 12%
Short Let (less than 6 months) = 14.4%
Property on Shared Occupations basis (on flat share agreement) / HMO = 14.4%
Property for holiday accommodation (Airbnb/Homeaway/Booking.com etc) = 14.4%

Tenant Find Only Service includes:

  • Marketing of property for rental on reputable property portals that we subscribe to, and on our website
  • Finding a tenant
  • Obtaining references for your approval

Our Fee/Charges (VAT inclusive): 9%

Other Fees and Charges (VAT inclusive)

Tenancy Agreement Fee - £144.00

  Furnished Property Unfurnished Property
Studio flat £140.00 £120.00
1 bedroom £150.00 £130.00
2 bedroom £170.00 £150.00
3 bedroom £190.00 £170.00
4 bedroom £210.00 £190.00
5 bedroom £250.00 £220.00

Energy Performance Certificates (EPC)

You are required by law to supply an EPC before we can market your rental property. If you don’t have a current valid one, we can arrange for one to be completed on your behalf.

Cost: from £72.00.
As of April 2018, it has been a legal requirement for every rental property to have an energy efficiency rating of at least E.
Any property with a rating of F or G will be deemed unfit for rental and appropriate measures will need to be taken to improve the energy rating to the minimum E rating. We can obtain quotes for you to bring your property up to the required rating if required.

Electrical Installation

Overseas Landlords not holding an HMRC Exemption Certificate

A quarterly charge of £60.00 will be made for the work carried out by Hyde Park Agencies for submitting quarterly returns of tax withheld to HM Revenue & Customs.

Income & Expenditure reports and statements

Upon request, we provide an annual Income & Expenditure report for the tenancy or copies of 12 months of statements.

Cost: £30.00.

Refurbishment Services

To advise on and project manage redecoration and refurbishment work, we charge a fee of 12% of the total cost of the works.

NON-UK RESIDENT LANDLORDS

If you reside outside of the UK for more than 6 months, you are classed as a NON-RESIDENT LANDLORD by HM Revenue and Customs (HMRC) and we are bound by law (Non-Resident Landlord Scheme) to deduct basic rate tax from the rent we receive on your behalf and pay direct to HM Revenue and Customs.

However, you can apply to have rent paid to you without any tax deductions. An application should be made to HMRC to receive rental income with no tax deducted and once approved, HMRC will normally send directly to us an approval letter/certificate in order to authorise us to pay to you the rental income gross i.e. without the deduction.
You would need to notify HMRC that we are the letting agent, and fill in the appropriate Non-Resident Landlord (NRL) form – please visit this website for more information: https://www.gov.uk/tax-uk-income-live-abroad/rent

Our NRL agent code (which you will need when completing the form) is: NA9224692
You may choose to appoint an Accountant who will assist you accordingly.

Please feel free to contact us for any further information you require.

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