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Bacon and Co Lettings have been established for over 24 years and are the premier agent for residential sales, lettings and commercial sales in the Worthing, Lancing and district region in the south-east of England. This is their lettings brochure.
Citation preview
ESTATE AGENTS LETTINGS VALUERS MORTGAGES
The LOCAL name you can TRUST
Letting Agents
w
Professional Residential Lettings
Proud members of
Bacon & Co 20pp Lettings - Feb 2014:Layout 1 14/3/14 14:17 Page 1
2 | www.baconandco.co.uk
Welcome
Bacon & Co
Your professionalism and client care
reinforces my decision to select
your firm to manage my property.
Thank you all for being an excellent
Letting Agency, we will be sure to
recommend you to friends as you are
very professional at what you do.
We would like to take this
opportunity to thank Hayley, Geoff,
Vanessa and all of your team for
your help and assistance over the
last 10 years we have been tenants
of Bacon and Co.
I would like to thank you for all your
help and support over the last few
years, your professionalism has made
the whole process a pleasure.
A few words from the founder of thecompany, Mr Bacon...
A few words from our clients...
We are a well established and customer friendly company who have earned a
reputation for high levels of client care and always aiming to give our very best.
Myself and fellow Letting Director, Hayley Scammell, have been involved in the
property industry for over 65 years between us and this stability has encouraged
many landlords to utilise the expertise available. In addition, there are several long
standing members within the Letting Team who have nurtured the growth. I am often
told by established clients that seeing a ‘familiar face’ has enhanced their customer
experience when dealing with our company. We understand the importance of your
investment and hope this brochure helps outline the key elements when letting your
property. We look forward to being of service.
Glenton Bacon FNAEA MARLA.
Bacon & Co 20pp Lettings - Feb 2014:Layout 1 14/3/14 14:18 Page 2
The LOCAL name you can TRUST www.baconandco.co.uk | 3
Letting Agents
Photography taken by and inmemory of David O’Flynn
Why Choose Us – The History ..................................4-5
The Lettings Team ......................................................6
Supporting The Local Community ..............................7
Promoting Your Property ............................................8
Trained Staff – MARLA ................................................9
How We Do It ........................................................10-13
The Legal Essentials..............................................14-15
Who Needs To Know ..................................................16
12 Steps To Letting ....................................................17
Which Option? – Managed or Introductory ..............18
Our Fees Made Simple ..............................................19
Contact Us ..................................................Back Cover
What’s Inside
Bacon & Co 20pp Lettings - Feb 2014:Layout 1 14/3/14 14:18 Page 3
Why choose us?
Choosing a good agent is essential to a stress-free property rental. Our
experienced, professional and friendly staff are dedicated to providing you
with the best possible service. We pride ourselves on our client care and
always go that extra mile to ensure your rental is as straightforward as
possible. We believe that professionalism, trustworthy advice and great
communication are the things people are most looking for in an agent, and it
is always our aim to achieve this for every client. We are extremely proud to
be known as 'The LOCAL name you can TRUST' and constantly strive to
provide the best service locally. In an industry that is always changing, you
can always be assured of a refreshing approach from our team who all live
locally and understand the current marketplace. Most importantly, we
understand that we are likely to be dealing with one of your most valuable
assets. Our reputation depends entirely on the quality of service we provide,
and the success we achieve on your behalf.
Bacon & Co has been established since 1990 and the Directors and loyal staff
have worked hard to build an excellent reputation over the years. The Lettings
office is now situated at 74 Crabtree Lane, Lancing having moved ‘along the
parade’ in 2013 to larger, more modern premises. Although Bacon & Co have 5
offices we have always been keen to ensure that all Lettings matters are dealt with
under ‘one roof’ adding efficiency to the running of the department.
The previous offices at Crabtree Lane were initially opened as an Estate Agency
and the constant enquiries from members of the public looking for rented
4 | www.baconandco.co.uk Bacon & Co
Local knowledge fromprofessionally trained staffestablished for over 24 years.
Bacon & Co 20pp Lettings - Feb 2014:Layout 1 14/3/14 14:19 Page 4
The History
The LOCAL name you can TRUST www.baconandco.co.uk | 5
accommodation led to the fruition of the Letting Department. Hayley Scammell
led this development from the outset and became a Director of the company in
2004. Hayley still retains an active daily role in the office and is keen to visit all
new clients personally when letting their homes. Geoff Simpson is also a key
member of staff who started with the company in 1991 and became an Associate
Director in 2011 now being responsible for the daily accounts within the office.
The Letting Department works hand in hand with our four sales offices based
in Lancing and Worthing, which enables us to offer continued service to our
landlords in the future should they decide to sell their investment. Likewise,
tenants can call at any one of our offices to collect details of properties
available to rent.
Letting Agents
• We are a local agent serving and supporting the localcommunity.
• We have many satisfied clients who have continued touse Bacon & Co since 1990 and can provide testimonyto our quality service.
• We are supported by a network of four local officesthroughout Worthing and Lancing, providing additionalcoverage for your property.
• Every property available to rent with Bacon & Co isprominently displayed with a colour photograph in ouroffice window. The property will also be featured in ourcolour brochurewhich is updated on a daily basis and canbe collected from any of our offices.
• Bacon & Co offer extensive advertising in the localmedia including free and ‘paid for’ newspapers andmagazines. More importantly we offer comprehensiveinternet coverage including Rightmove, Zoopla andPrimelocation.com.
• As we are an Independent Company we can offer moreflexibility to our service. We feel that we ‘listen’ to yourrequirements and will aim to tailor our service to meetthem. We charge no fees until your property is let. Weare also able to offer Rent Guarantee and Legal ExpensesWarranty to give that additional ‘peace of mind’.
Key Benefits to Landlords
Bacon & Co 20pp Lettings - Feb 2014:Layout 1 14/3/14 14:19 Page 5
The Lettings Team
6 | www.baconandco.co.uk Bacon & Co
Glenton Bacon FNAEA MARLA, Principal
Glen started his career in 1977 with a prominent Lancing
based Estate Agent, spending the next 13 years with three
Worthing based agencies, culminating with an Associate
Partnership. He set up Bacon & Co in 1990 and is very
proud to have overseen the expansion that has taken
place in the intervening years. Glen now has over 30 years
experience in the property industry and is a Fellow of the National Estate Agents
Association and a Member of the Association of Residential Lettings Agents.
Hayley Scammell MARLA, Director
Hayley started her career in Estate Agency in 1985
working for Hewitt’s in Warwick Street, Worthing where
she first worked with Glen Bacon. Hayley joined Glen
when he opened his own Estate Agency in 1990 and
developed the Lettings business, progressing to Director
in 2004. Hayley is a Member of the Association of
Residential Letting Agents and enjoys attending regular meetings to increase her
awareness of changes in legislation in the Lettings Industry.
We are ARLA licensed and also a Member Firm of
the National Federation of Property Professionals
(NFOPP) holding professional indemnity insurance
and are participating members of the
Association’s Client Money Protection Scheme.
Our philosophy is to offer sound advice and
quality service and we are confident you will not
be disappointed.
Our team –well trained
Bacon & Co 20pp Lettings - Feb 2014:Layout 1 14/3/14 14:19 Page 6
Supporting our local community
The LOCAL name you can TRUST www.baconandco.co.uk | 7
We are proud to be involvedin the local community
We are proud to be involved in many local events
throughout the year, meeting with many customers
past and present. We have been delighted to sponsor
the Freddysmile Family Fun Day on Lancing Green,
taking part in events such as the childrens mascot race
throughout the day. We are also one of the main
sponsors of the Broadwater Children’s Playday on
Broadwater Green, a fantastic annual event for
families. We enjoy being part of the local community
and you will often see us taking part in many of the
local festivals throughout the year, including fund
raising events for Freddysmile.
Working together for a better future
We help many local schools by sponsoring summer
fetes and prize evenings. We also regularly run our own
competitions in conjunction with schools, offering
prizes to the children and their schools alike. We
delight in giving something back to the community
which is why you will find us inviting all children to
come and visit Father Christmas in one of our offices
over the festive period. All proceeds are in aid of
Chestnut Tree House Children’s Hospice. Our
dedicated staff are also often found to be taking part
in sponsorship events in aid of local charities.
Letting Agents
Organisations, clubs and charities including
Worthing Cricket Club, Lancing Football Club,
Lancing Rangers, St Barnabas Hospice,
Chestnut Treehouse Children’s Hospice,
Freddysmile Children's Cancer Charity and the
NSPCC have all received sponsorship from the
company. Additionally, local schools, churches
and nurseries have also been assisted. We
continue year on year to increase the amount
we donate, helping to make a difference in the
local community.
We like to support
FFrreeddddyyssmmiilleeCChhiillddrreenn''ss CCaanncceerr CChhaarriittyy
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Promoting your property
8 | www.baconandco.co.uk Bacon & Co
Available Lettings List
We update our Lettings List on a daily basis, enabling applicants to call into
any of our 5 offices to collect an up-to-date list of properties currently
available. Every property on offer is displayed on this list with a colour
photograph and brief description. Likewise this list is available on our easy
to navigate website www.baconandco.co.uk which offers a more detailed
description with internal photographs.
Advertising and Bacon & Co TV
Our advertising is extensive with your property being promoted on many
National Websites including Rightmove, Zoopla and many more. We also offer
full page advertising in the Worthing Herald (Property Today) where we feature
three additional properties each week with individual editorial on each of
these featured properties. We also have our own exclusive online TV site:
baconandco.tv
Facebook and Twitter
Bacon & Co can be found on Facebook and Twitter where we regularly
promote our services and special offers. We also keep our ‘friends’ updated
with the latest news from Bacon & Co and any exciting challenges our staff
may be encountering that month.
Property Boards
Now a familiar sight in the Worthing, Shoreham and Lancing areas and a
proven aid for promoting your property. Even with modern technology, many
customers still drive around looking for properties in their chosen location
rather than relying on newspapers or the internet.
We are committed tomarketing your property tothe maximum potential
Bacon & Co 20pp Lettings - Feb 2014:Layout 1 14/3/14 14:20 Page 8
Letting Agents
www.baconandco.co.ukTrained staff – MARLA
The LOCAL name you can TRUST www.baconandco.co.uk | 9
As well as being ARLA licensed, we have an intense training programme using
the MARLA recognised qualification.
Many of our staff are trained with a MARLA qualification. This will give you
peace of mind knowing your property is in the hands of a qualified
professional who will look after your home.
Why should a landlord or tenant seek out an ARLA Member?
ARLA leads the industry in setting and regulating the highest standards. The
industry demands certain levels of professionalism and commitment to
customer service from its membership.
ARLA members are required to work within a robust Code of Practice, which
covers the key stages in letting and managing a property. There are
comprehensive membership by-laws which include compliance with such
issues as handling and accounting for Clients' money; the mandatory ARLA
Client Money Protection Bonding Scheme; Professional Indemnity Insurance;
Dealing with Complaints and Disciplinary Procedures.
ARLA members are required to employ a minimum of at least one member of
staff, in any office, who holds a suitable industry qualification, recognised by
the Association. ARLA keeps it's members up to date with changes in legislation
and provides a wide range of training and guidance to help members
understand and interpret all aspects of letting and managing a property.
ARLA are the only
professional self-regulating
body to be solely
concerned with lettings
and letting agents.
The Association of Residential Lettings
Agents (ARLA) is a professional
membership and regulatory body for
letting agents and letting agencies in the
UK. ARLA recognised the requirements of
the residential lettings market were so
detailed and specific that a separate
organisation was required to promote
standards in this important sector of the
property industry.
Who are ARLA?
Bacon & Co are committed to trainingtheir staff to the ARLA standard toensure professionalism
Bacon & Co 20pp Lettings - Feb 2014:Layout 1 14/3/14 14:20 Page 9
How we do it
Finding the right tenant for your property is one of the most important parts
of our job but it is also important to feel confident that your agent will be
approachable and offer good sound advice and knowledge. Bacon & Co’s
membership of the major property professional associations provides you
with the peace of mind that our organisation is well run and correctly
administered.
As Bacon & Co commenced trading in 1990 we are confident in our abilities
and that our comprehensive marketing will lead to the occupation of the right
tenant in a short period of time.
Over the next few pages is a brief outline of our Managed Service
(Introductory Service also available – see page 18).
10 | www.baconandco.co.uk Bacon & Co
Property Assessment
To ascertain the rental value of your property a trained member of staff from
Bacon & Co will personally meet with you at your property. We will
offer sound advice on the rental potential and discuss the market trends
with you. We will also be able to advise on any improvements that may need
to be made or any regulations which need to be met in order for the property
to be let.
Prospective Tenants
A member of staff will strictly accompany all prospective tenants wishing to
view your property. At no time would the keys to your property leave our
possession. If you are still in residence or if there is a current tenant in
occupation, we will arrange a mutually convenient time to visit. At this stage
We cover everythingyou need to ensure thesafety and security ofyour property
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How we do it
The LOCAL name you can TRUST www.baconandco.co.uk | 11
Rent Guarantee Warranty
Whilst every care is taken to find a suitable tenant, on rare occasions
tenants can find themselves in a situation where the rent cannot be paid.
Bacon & Co can offer warranties to protect your rental income and cover
any legal expenses necessary in order to obtain possession. We strongly
recommend you take advantage of this warranty to offer that additional
peace of mind.
Tenancy Agreement
Bacon & Co have consciously worked to develop a good quality Assured
Shorthold Tenancy which has evolved over many years. Using the right
tenancy agreement and ensuring the correct clauses are added is imperative
to a smooth tenancy.
Letting Agents
www.baconandco.co.uk
we can meet the applicant and briefly assess their suitability. Choosing the
right tenant is very important to us and it is quite commonplace to stress
certain restrictions regarding pets and smokers etc.
References
Our referencing agency operates an extensive credit search facility to
determine any previous adverse credit history, County Court Judgements or
IVAs (Individual Voluntary Arrangement). The agency will also need to satisfy
themselves that the tenants are suitable by obtaining references from the
current and previous employers, landlord/letting agents and checking their
financial status. A credit search is usually returned within 24 hours and if
this is acceptable the rest of the search will continue and is usually back
within 4 to 5 working days.
We will visit your property prior to a tenant taking occupation and
our qualified APIP (Association of Professional Inventory
Providers) staff will produce a full colour schedule of condition.
This is a detailed report clearly identifying the condition of your
property including walls, floor coverings, paintwork and decor.
The report depicts the level of cleanliness and also identifies any
defects. We take an abundance of colour photographs to support
the schedule which includes photos of the garden and the
condition of the exterior of the building as well as the interior.
With the changes in law regarding the deposit monies it is now
more important than ever to ensure that we have sufficient
evidence to support our claim should a tenant dispute a
deduction from their deposit. Our reports have been ‘tried and
tested’ through the deposit scheme and have helped us resolve
issues accurately.
Schedule Of Condition
When using our standard Managed Service
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How we do it
12 | www.baconandco.co.uk Bacon & Co
Deposit
The Housing Act 2004 made provision for both the protection of tenancy
deposits and the resolution of disputes over their return. Simply, this means
that no landlord or agent is permitted to hold the deposit unless it is
registered in an approved tenancy deposit scheme.
Bacon & Co are members of The Tenancy Deposit Scheme (TDS) and any
deposit taken will now be retained by the agent and held within the deposit
scheme (landlords have the option of registering their own deposit if using the
Introductory Service only). Both the landlord and tenant will receive a
certificate to show compliance with the regulation.You will also receive an
explanatory leaflet which sets out in more detail the legislative requirements
and prescribed information.
Any landlord or agent failing to register a deposit could be fined heavily (three
times the deposit value) and will be unable to enforce a Section 21 Notice
requiring possession of the premises.
Inventory
Occasionally a property will be let furnished and in this instance an additional
inventory will be required. Bacon & Co can organise this on your behalf but
there will be an additional charge depending on size of the property.
Rent Collection
Tenants pay their rent one month in advance and you will receive a statement
every month clearly identifying the rent collected. Our monthly commission will
also be deducted at this point along with payment to any contractors if there
have been repairs carried out. The statement is emailed to you and the monies
leave our account on that day. Bacon & Co are not liable for the rent, but as
your agent we can, in most cases, draw attention to a potential problem. We
chase rent on a weekly basis and you would be notified should significant
problems arise.
Property Inspections
Your property will always be inspected twice yearly (first inspection by month
4 and then 6 monthly thereafter). You will receive a report from us identifying
any areas of concern and hi-lighting any maintenance work that may be
required. Any additional inspections required will be charged at £50 plus vat.
Repairs
We ask for permission to spend up to £200 on urgent repairs, however, in all
instances we would endeavour to seek your permission before instructing
contractors. Some landlords may prefer to carry out the work themselves or
may have preferred contractors but we are always happy to make
recommendations or arrange the works on your behalf.
We check every detail... no stone is left unturned
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How we do it
The LOCAL name you can TRUST www.baconandco.co.uk | 13
Letting Agents
www.baconandco.co.uk
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The legal essentials
14 | www.baconandco.co.uk Bacon & Co
Gas Safety Regulations
These regulations came into force to ensure that gas
appliances are properly installed and maintained in a safe
condition to avoid the risks of carbon monoxide poisoning.
This regulation stipulates that all gas appliances must be inspected annually
by a Gas Safe Registered Engineer. A valid gas certificate must be provided
every 12 months. Non compliance is a criminal offence with serious penalties.
Bacon & Co are pleased to organise this inspection for you and have
negotiated a favourable rate with our trusted contractor. Landlords are, of
course, free to organise their own certificates but must ensure that a valid
certificate is provided on an annual basis.
Energy Performance Certificate (EPC)
From 1st October 2008 Legislation came
into effect stating that all landlords must
provide an EPC to the prospective tenant.
This report has to show on our marketing material and there is a fixed penalty
fine for failing to comply with this legislation. We are happy to arrange this on
your behalf at an additional cost.
Electrical Equipment (Safety) Regulations 1994
This legislation requires that the electrical supply
and any electrical appliances supplied by a landlord
for a residential tenanted property must be safe.
The Landlords statutory duty of care obligation requires that the electrical
supply should be checked regularly and an electrical installation report
prepared at regular intervals, generally every 5 years.
Plug and Sockets Safety Regulations
As part of the Consumer Protection Act, the plugs and sockets safety regulations
defines the standard of plugs, sockets, adaptors and extensions to appliances
in all rented properties. All appliances are required to have plugs that are
undamaged, with insulating sleeves, the correct fuses and a working cord grip.
Plugs and sockets must not be damaged ie show signs of burning or cracking.
Furniture and Furnishings Regulations 1993
It is essential that landlords be aware of important statutory fire
regulations concerning the supply of furniture and furnishings
when renting out accommodation. As from 1st March 1993 it is
an offence to supply furniture in the course of business, which includes the
letting of property, which does not comply with the regulations concerning
fire resistance. Essentially it covers all upholstery and upholstered furnishings.
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The legal essentials
The LOCAL name you can TRUST www.baconandco.co.uk | 15
Houses of Multiple Occupation (HMOs) – Standard and Licensed HMOs
Under the Housing Act 2004 there is a mandatory requirement for landlords
of properties made up of three or more storeys AND occupied by five or more
people to have a license issued by the local authority as these are viewed as
Houses of Multiple Occupancy (HMO). Certain local authorities also class
smaller low occupancy properties as HMO’s and you should familiarise
yourself with your local authorities policy. If your property is occupied by
three sharers it is still classed as a Standard HMO and although licensing
may not be necessary, you will need to ensure that an electrical test is carried
out every 5 years and that a fire blanket is provided in the kitchen.
Housing Health and Safety Rating System (HHSRS)
The HHSRS is part of the 2004 Housing Act and is a system for assessing the
health and safety risks within a dwelling. Residential premises should provide
a safe and healthy environment for potential occupiers and their visitors. The
HHSRS is a risk assessment process covering key health and safety risks of
residential dwellings. Further information on landlords responsibilities under
the HHSRS is available from the Communities Local Government website
www.communities.gov.uk
Smoke Alarms
The 1991 Smoke Detectors Act made provision for the mandatory fitting of
mains powered alarms in new residential buildings with the minimum
requirement being one smoke alarm on each level of the building. Although
the Smoke Detectors Act only applies to new buildings the absence of smoke
alarms in existing tenanted properties would, in all probabilitiy, not meet the
‘duty of care’ that might be reasonably expected of the landlord. We would,
therefore, strongly recommend mains fitted smoke alarms are fitted in all our
residential properties.
Tax
Tax is payable on any profit made from the income earned and you must
declare this income to the Inland Revenue. There are many items which can
be offset against the profit including the interest charges on your mortgages,
repairs to the property and agents fees etc. We recommend you take advice
from a Tax Consultant on this issue.
Overseas Landlords – Tax implications
If you are living abroad we have a responsibility under the 1995 Finance Act
and Taxes Management Act 1970 to retain tax on your behalf. However, in
many cases this retention can be avoided by completing form NRL1 (available
online at www.hmrc.gov.uk) Receiving this exemption would allow us to pay
your rental income in full. Of course, there may still be tax due but this will by
payable at the end of your tax year rather than being paid in advance.
Letting Agents
www.baconandco.co.uk
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Who needs to know
16 | www.baconandco.co.uk
and between tenancies. It is also important to ensure that you have sufficient
‘third party liability cover’ so that you are fully covered should a tenant or a
visitor to your property be injured or damaged due to any defect within the
property.
Your superior Landlord
If the property is owned on a leasehold or share of freehold basis, you must
check that the head lease and/or management company permit lettings and
ensure that the terms of any superior lease are adhered to. It is useful to
provide Bacon & Co with a copy of the head lease so that any relevant clauses
can be included within the tenancy agreement.
Accountant
It is advisable to check the tax implications with your accountants or financial
advisor
Post Office
It is useful to have your mail redirected for the first few months to ensure
that no correspondence goes astray, alternatively some landlords leave the
tenant with a few large stamped envelopes to forward on.
Council Tax, Water Rates, Gas and Electricity
Unless otherwise stated in the tenancy agreement, the tenants are
liable for the utilities at your property and for the charges
incurred throughout their tenancy.
We will endeavour to notify the utility companies of the
change in occupancy. As the landlord, you need to
cancel any direct debit or standing order
arrangement that you may have in place.
Please note that the tenants have the right to
change their electricity/gas supplier at any time.
Telephone/Television and Internet
It is the landlords responsibility to close their
accounts with any providers for the above services.
When letting a property, it is important that you inform any third parties who
may have an interest in you doing so. These will usually include the following.
Your property finance provider
You must advise your property finance provider if you have a loan on the
property to be let and consent should be given in writing before the start of
the tenancy.
Your insurance provider
Your current insurance provider may choose not to continue to insure a
tenanted property or they may change the terms of cover. Even if you change
provider it is essential that you maintain full buildings insurance cover during,
Bacon & Co
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12 steps to letting
The LOCAL name you can TRUST www.baconandco.co.uk | 17
Letting Agents
www.baconandco.co.uk
To simplify our service we have outlined the twelve basic steps to letting, so
that you can comfortably understand what is required from you as a landlord
and the legal obligations you have.
Step 1: Valuation
Your first step is for Bacon & Co to call at your property to provide a free
rental valuation and discuss any improvements you may need to carry out
before letting can commence.
Step 2: Permission From Lender
If there is a mortgage on the property you will need to get permission from
your lender before any rental can proceed. You will also need permission
from the Superior Landlord/Freeholder if the property is Leasehold.
Step 3: Energy Performance Certificate
Obtain an Energy Performance Certificate (this is a legal requirement and
must be produced before we are able to market your property in the media)
We can obtain this for you if required.
Step 4: Instruct Bacon And Co
Instruct Bacon & Co to market the property. We will take internal and external
photographs so the property will need to be presented in its best condition.
You will need to complete our Agency Agreement (provided with this
brochure). Please indicate if you wish to proceed with the Managed Service
or Introductory Service and remember to provide details of any restrictions
you wish to make and your current providers for Gas and Electricity. We
endeavour to notify utility companies of the change in occupancy but we
strongly encourage you to advise the utility companies when you vacate and
cancel any existing payment arrangements you have.
At this stage we would also recommend an electrical inspection to give
peace of mind that you are letting without any risk to the tenant.
Step 5: Arrange Insurance
Speak to your insurance company. It is important that your insurers
are aware that the property is to be let and they will be able to
recommend a policy which will be suitable for your purpose
with Third Party Liability Insurance cover.
Step 6: Get Keys Cut
We will eventually need 3 sets of keys (2 for the
tenants and 1 for ourselves). Please arrange to have
sufficient keys cut to avoid any future delays.
Step 7: Agree Moving In Date
Once a tenant has been found and credit checks and
references have been approved you will be advised
by ourselves and a suitable moving in date will be agreed (usually no more
than 4 weeks after the tenant viewed the property) You will also receive
details of Rent Guarantee Warranties available.
Step 8: Arrange Gas Safety Certificate
Before a tenant can move into your property we must be in receipt of a valid
Gas Safe Certificate (assuming there is gas at your property). Bacon & Co can
arrange this for you, otherwise please provide the certificate to ourselves at
your earliest opportunity.
Step 9: Schedule Of Condition
Prior to a tenant taking occupation we will visit to carry out our Schedule of
Condition. At this stage the property must be clean and any repairs should
have been completed. Numerous photographs will be taken and our findings
will be noted – this is a lengthy report which is likely to take between one and
two hours and is usually carried out several days before the tenancy
commences. If there is likely to be any delay please let us know in advance.
If your property is being let Furnished you will need a separate inventory
which we are happy to arrange on your behalf.
Step 10: Sign Tenancy Agreement
The tenancy agreement is generally prepared in advance of the tenant taking
occupation. For first time Landlords we would strongly recommend that you
take time to read a draft of the agreement (which we can email to you). You
might like to call at our office to discuss the contents before signing or else
we are able to sign the agreement as your agent if you prefer.
Step 11: Advise HMRC
Advise the tax office that you are receiving income from
a property you let and arrange to complete your self
assessment on an annual basis/instruct a tax advisor
to do this on your behalf. We can provide an annual
statement of income and expenditure upon request.
Step 12: Relax
Sit back and wait for us to send
you a copy of your tenancy
agreement, schedule of condition
and confirmation of your income!
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18 | www.baconandco.co.uk
Which option? – Fully managed or introductory service
Bacon & Co
Introductory Service
Some more experienced Landlords decide to manage their properties
themselves but ask us to find a tenant for them.
We would still set up and reference any prospective tenants in the same way
as a managed service but once the tenant has taken occupation the Landlord
takes over full responsibility for the tenancy.
Letting Service Full Management Introduction Only
Free rental appraisal and in-depth consultation ..............................................● ........................................●
Digital photographs and full colour advertising ..............................................● ........................................●
Property profile and in-depth marketing ..........................................................● ........................................●
Advertising on our extensive website and viaproperty search engines including Rightmove and Zoopla ..............................● ........................................●
Erection of free To Let board (if required) to maximisemarketing coverage ..........................................................................................● ........................................●
Accompanied viewings ....................................................................................● ........................................●
Comprehensive vetting of applicants ..............................................................● ........................................●
Preparation of appropriate Tenancy Agreements ............................................● ........................................●
Schedule of condition with full colour photographs ........................................●
Receiving rents ................................................................................................●
BACS payment of rents ....................................................................................●
Organise the extension or termination of a tenancy........................................●
Preparation of renewal document for tenancy extension ................................●
Serve all legal notices ......................................................................................●
Monthly landlord statements ..........................................................................●
Twice yearly property visits and written reports ............................................●
Dealing with day to day tenant enquiries ........................................................●
Obtaining quotes and organising maintenance work ......................................●
Conduct a check out of the property and contentsand collect keys................................................................................................●
Deduct any costs of repairs and cleaning from tenants deposit ....................●
Managed
This brochure is designed to give guidance to any prospective landlord and
focuses on our managed service. We recommend this service as Bacon & Co
keep control of the tenancy, the tenants contact US if there is a problem and
we will keep you fully notified of any new legislations and ensure that you are
always fully compliant.
We inspect the premises twice yearly and we collect the rent on your behalf.
Our fees are collected from the rent we receive on a commission basis. There
are no charges incurred to find a new tenant should your existing tenants
decide to vacate.
Bacon & Co 20pp Lettings - Feb 2014:Layout 1 14/3/14 14:23 Page 18
Fees made simple – Two options
The LOCAL name you can TRUST www.baconandco.co.uk | 19
Letting Agents
www.baconandco.co.uk
Includes full colourschedule of condition report
Option 1
Option 2
*10%
Fully Managed Service
(Plus £150 for full colourschedule of condition)
*£400Introductory Service
*£25 charged for registering deposit monies.
VAT applicable on all fees.
Bacon & Co 20pp Lettings - Feb 2014:Layout 1 14/3/14 14:24 Page 19
Bacon & CoThe LOCAL name you can TRUST
LETTING OFFICETel: 01903 756688
74 Crabtree Lane, Lancing, BN15 [email protected]
Letting Agents
www.baconandco.co.uk
Proud members ofBROADWATERTel: 01903 524000
14-16 Broadwater Street West,Worthing, BN14 9DA
CENTRAL WORTHINGTel: 01903 52100019 Chatsworth Road,Worthing, BN11 1LY
GORING & WEST WORTHINGTel: 01903 520002
72 Goring Road,Goring-by-Sea, BN12 4AB
LANCING & SOMPTINGTel: 01903 767601
5 Station Parade,Lancing, BN15 8AA
Bacon & Co 20pp Lettings - Feb 2014:Layout 1 14/3/14 14:24 Page 20