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Regency Properties 133 Northdown Rd Cliftonville, Margate Kent CT9 2QY Open 9am to 5pm |
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For
your convenience you can download our Landlord Input Form (click name below) Please fill in the form and fax it back to our office . Landlord Input Form (20Kb) This document requires Acrobat Reader. It is a free program, and is available for download here. |
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Why use a property management agency ??
If you bought a £100,000 Car.....would you carry out your
own servicing and running repairs??
Do You
personally really need to be on call for emergencies 24 hours a day ...seven
days a week??
Wouldn't You prefer to concentrate on
your main business of finding new ways to make money and leave the
day to day mundane details of property
management to an experienced company acting in your best interests???...
The
continued well-being of your Property Investment is our top Priority.
Accordingly we take all possible
precautions to ensure the
chosen tenants for your property will treat it with the respect it
deserves......
We also
believe a happy tenant is crucial to foster this respect. Therefore.........
We will Liaise with You
regarding running repairs,
carrying out inspections, etc.....including reporting back to you with all
relevant details
Please note that we have a dedicated Property Maintenance Team on call 24 hours
a day
We have three differing services.....
A...Tenant Only.......We find us a suitable tenant...You do the rest....Our
charge for this is 2 weeks rent......
B...Tenant
and Lease.....consists of finding suitable Tenant, obtain and check all
necessary paperwork & references,
Guarantor (
Who must be a Home Owner) and deposits.....
Then raising an
Assured Shorthold Tenancy Agreement.....Our charge for this is 3 weeks rent.....
C...Our Full
Management service ....This is tailored to fit the individual needs of the
Property Owner concerned, and is
therefore very
flexible as well as being totally comprehensive
Here are just a few
features of our full Management service:-
Our Landlords and Tenants have a 24-hour emergency service, and in fact are
supplied with a private contact number from
which all emergencies are dealt with.
We have a dedicated general
maintenance team, including fully qualified Electricians and Corgi Registered
Engineers for any
works relating to gas.
We will always seek the consent of
the owner above an agreed cost, before any maintenance or repair work is
undertaken.
In the case of emergencies when
contact cannot be made we will take action to rectify any major problems on
emergencies,
i.e. burst pipes or electrical
faults.
FEES
Unlike some agencies, We do not
charge property owners an initial registration fee
All properties are subject to an
initial set up fee of the equivalent of 1 weeks rent, however if we are asked to
take over
existing properties already tenanted
then only the base charge applies, not the set up fee.
Our base charge for the Management service is 12.5%.....We
do offer a reduced fee level for managing 4 or more properties
and for higher rental value
properties.....ask our Office Manager for full details
A set up fee is only charged when an
acceptable tenant has been found for the property.
All
fees, commissions and VAT will be paid from the monthly rental. (These are Tax deductible)
N.B. Fees are subject to VAT
A Few Financial Points worth noting:-
MORTGAGES
Please note that the consent of your mortgagors should be sought before you
enter into the letting agreement of a
mortgaged property.
Mortgagers frequently require us to supply copies of the Tenancy Agreement and relevant
notices and in some cases charge
a registration fee.
INCOME TAX
If you are working
outside the UK then the tax authorities will assess this company for tax due
(under the Income Tax
Management Act
1970).
In these cases we
are obliged by Inland Revenue to retain a portion of the rental to meet this tax
assessment.
This deduction may
be avoided if we have confirmation of your bank or accountant that they are
empowered to deal with
your tax affairs
and make payment to the Inland Revenue.
INSURANCES
We offer a choice of
specialist insurers to cover buildings, contents and legal protection for
tenanted properties.
RENTAL REMITTANCES
We will arrange with you a
particular day on which you wish to be remitted, and all monies collected will
be passed either
directly to you or direct to
your bank as required.
We will also enclose a
Statement of accounts for that period detailing monies collected, any or all
(previously agreed
with you ) repairs and
maintenance carried out....together with relevant invoices/receipts.
Whether we send you a cheque or
make a payment direct to your bank account, it can take up to 10 working days to
become
available funds. It is
therefore advisable to make sure that any financial commitments you have
coincide with the above.
Some Up to Date Local Regulations can be found at:-
http://www.thanet.gov.uk/environment__planning.aspx
The
Following Notices are available in Printed Form with our Management Pack...
please ring or email us your address to
receive your copy......
OR...Should you wish to print out this information...please cut and paste from here
GAS FIRE Reg's Here Furniture Regulations Here
GAS SAFETY REGULATIONS FOR LANDLORDS AND AGENTS
From October 31st
1994 it became law for gas equipment in rented properties to be checked annually
by a registered installer
and to keep accurate records of work
carried out on all appliances in their control.
Please Note:-............Government Changes are proposed for Gas Safety Checks.....details expected 2007
THE IMPLICATIONS
LANDLORDS
The regulation applies to
Landlords who should maintain a record of when each gas appliance was checked,
the defects found (if any) and the remedial
action taken. Landlords who as agents to manage their properties
should ensure that the management contract
specifies who is responsible for the maintenance of gas appliances
and for keeping records to indicate when such
maintenance has been carried out.
AGENT
Where it can be shown a breach of
these regulations by a landlord is due to the act or default of a managing agent
will be guilty
of the offence under section 36(1) of the Health
and Safety at Work Act 1974 and may be prosecuted regardless of whether or
not ....proceedings are taken against the
landlord. As an agent we have a duty to inform our landlords of these
requirements.
REGULATION 35
THE FACTS!
Every
year more than 30 people are killed in rented accommodation, poisoned by deadly
carbon monoxide fumes from faulty gas
appliances
They don’t see it, they don’t taste it, and they don’t even smell it. But it kills them without warning in just a matter of hours.
SERVICE OFFERED
GAS SAFETY SCHEME
In order to comply with current legislation and to prevent death or serious
illness to tenants, annual servicing of gas installations
and appliances are part of your
responsibility as an owner or landlord of a property.
To assist you in fulfilling your
responsibilities we can arrange the inspection and certificate being completed.
The Health and Safety Executive
enforce the Gas Safety (Installation and use) Regulations 1994 which came into
force on the
31st October 1994. Regulation
35 (2), (3) and (4) place a duty on person who let premises to maintain gas
appliances and
associated pipe work, that they
own, in a safe condition. .....
They must have the appliances
inspected for safety by a Corgi registered installer at least once a year and
keep records of the
inspection for the tenants and
enforcing officers to see on request.
The Housing (Management of Houses in
Multiple occupation) Regulations 1990 place a duty upon the manager of an HMO to
ensure that:
(a) The installation for the supply
of gas and installations of cooking or storing food, provided for, in use, or
which serve any
part of the house in common use, are in
and are maintained in repair, a clean condition and good order (including where
appropriate, proper working order)
and
(b) The installations of the
accommodation for the supply of gas, for space heating and heating water are in,
and are
maintained in repaired and proper
working order. The Health and Safety at Work Act 1974, Section 3, states that a
business
(i.e. the landlord) is under a
general duty to safeguard the publics (i.e. the tenants) safety.
Your responsibilities can only be met if gas appliances, that is fires, central
heating boilers, water heaters, gas cookers, etc.
are serviced by a qualified persons on an
annual basis as recommended by the Gas consumer council.
Without regular servicing faults such as
blocked or incorrectly installed flues, adequate ventilation for combustion and
other
general defects could go undetected.
This could put tenants at risk from carbon monoxide poisoning, leading to
unconsciousness or even death. Where appliances
have slow leaks or combustion is incomplete, there
could be a build up of gasses leading to an explosion.
A poorly maintained appliance is also less
efficient in operation and therefore more expensive to run.
If you require any more information regarding the
Gas Safety Inspection please consult with a member of staff who will be more
than happy to help.
New British Standard BS 5839 pt6.
Code of Practice for the design and
installation of fire detection and alarm systems in dwellings.
We can arrange to supply and fit compliant Smoke Alarms as below.....
FURNITURE AND FURNISHINGS (FIRE)(SAFETY) REGS. 1988.
On the 1st March 1993 the Furniture and Furnishings (fire) (safety) (Amended)
1993 Regulations came into force.
These regulations directly
affect the way in which a landlord may furnish his let property. Below are
listed the common
queries that may arise and our
understanding and interpretation of the law as it currently stands.
Is it an advantage to let my property furnished?
Rent levels
are not enhanced by furnishings.....In fact.....it can be an expensive option in
the long term
because of repair and replacement costs
Please bookmark for future reference
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