Landlord Advice

 

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.

Service Levels

  Tenant Find Only
9%
(VAT Inclusive)
Lettings & Property Management
12%
(VAT Inclusive)
Managed Short Lets
(under 6 months)
& Shared Occupations basis (on flat share agreement)
14.4%
(VAT Inclusive)
Marketing of property
Professional Photography & Video Tours
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 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
Pre-tenancy safety checks

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

Other Fees and Charges (VAT inclusive)

Tenancy Agreement Fee - £144.00

Inventory:

  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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