Forrester Lettings is separate from Forrester&Co, Surveyors, Valuers, Estate Agents but trades from the same premises and shares the same website and contact numbers. As lettings agents in Southgate we offer some great property to rent and we pride ourselves on being able to obtain the best rent for our landlord clients through a traditional approach augmented by modern technology allowing us to communicate with large numbers of potential tenants.
We handle lettings from studio flats to detached houses and trade upon recommendations from one satisfied client to the next. In fact one in house survey conducted requiring written responses confirmed that over 95% of our past clients either would, or have already, recommended us to family and friends!
We offer full HomeLet referencing for peace of mind and offer both let only or fully managed services, taking care to select good quality tenants in each case.
GUIDE TO RENTING
Renting has never been easier, with rising house prices renting can sometimes be the best thing to do! There could be plenty of rental properties available in the area and you can use our property search to view rental properties on line now.
Renting today is a positive lifestyle choice and many people prefer not to have the long term obligations that come with property ownership, and of course renting provides a cost effective alternative and frees tenants from the responsibility of property repairs and upkeep.
WHY CHOOSE FORRESTER LETTINGS?
Whether this is your first move or one of many, renting a property has never been easier with Forrester Lettings. The 'moving experience' starts as soon as you decide to move and we are here to help you make it as straight forward and as trouble free as possible. We pride ourselves on being specialists in our industry and our highly trained staff can assist you in finding your new rental home.
The Forrester Lettings website can assist you with your initial search. Our search facility allows you to choose your desired location, number of bedrooms and price range, immediately displaying what is available. It is a fast moving market and properties are usually let quickly.
At Forrester Lettings we strive to exceed your expectations and to give you the advice and service you need.
TENANCY DEPOSIT PROTECTION
In April 2007, legislation was introduced to ensure good practice and to ensure that the interests of both landlords and tenants are protected. The 2004 Housing Act requires that tenant's deposits for all Assured Shorthold Tenancies in England and Wales are held in a Government approved Tenancy Deposit Protection Scheme (TDP). This prevents landlords from unfairly withholding tenant's deposits.
As a tenant there are a number of benefits associated with TDP:
PAYING YOUR DEPOSIT
The value of your deposit will be detailed within your tenancy agreement. Before you hand over your deposit it is advisable to insist that your landlord carries out an inventory and/or schedule of condition. This will record which fixtures and fittings are included within the tenancy agreement and will also document the condition of those items. This will help resolve any disputes that may occur at the end of the tenancy.
As a tenant you must obtain a receipt for your deposit. This will provide proof that you have paid. Once you have paid your deposit to your landlord or letting agent it will then be processed in accordance with the Tenancy Deposit Protection Scheme selected.
THERE ARE TWO TYPES OF TENANCY DEPOSIT PROTECTION
Whichever option your landlord selects, they are legally obliged to give you details about how your deposit is protected. This information should be provided within 14 days of the commencement of the tenancy. Details will include:
THE END OF THE TENANCY
At the end of the Tenancy you and your Landlord will need to agree whether all or part of the deposit should be returned. This will be dependent upon any reasonable deductions made by the landlord in respect of damage to the property, non-payment of rent, or non-performance of the terms of the Tenancy Agreement.
If an agreement is reached about how the deposit should be divided, the deposit will be returned in the way agreed by both parties.
If you and your landlord disagree on the return of your deposit, the case will be referred to the relevant scheme under TDP legislation. An independent arbitrator will then decide if your money should be returned to you or used in payment against any loss or damage suffered by the landlord. The deposit will be held until the resolution service decides on the outcome.
If an agreement is reached about how the deposit should be divided, the deposit will be returned in the way agreed by both parties.
CHOOSING AN AREA
In choosing an area in which to live you should consider:
SECURING A RENTAL PROPERTY
Once you have found a rental property that is suitable, the following process will be implemented:
As a tenant there are a number of obligations you must adhere to, these include:
BASIC STEPS TO FINDING THE RIGHT PROPERTY
DEPOSITS AND COSTS
WHAT YOU NEED TO REMEMBER
GETTING EXPERT ADVICE
If you have a question not answered here please call Forrester Lettings who will be pleased to help you.
Recent market research shows that tenants are moving away from furnished to preferring unfurnished properties. It is difficult to know if this trend will continue in the future.
At the moment there is a real lack of good quality furnished property in the London area. More people are looking for unfurnished accommodation and this has made landlords reduce the amount of furnished property they offer.
Tenants who already have furniture and white goods are only looking for unfurnished property. Some see renting as a short term option while others have sold to rent. There is often little difference in the monthly rent between furnished and unfurnished.
People of all ages and income levels deciding to rent seem to prefer unfurnished accommodation. This is sometimes called 'part-furnished'. Most rental property comes with carpets, curtains, electrical fittings, fully fitted kitchens and attractive bathrooms. A property being shown to let for the first time should look no different from a builders show house apart from the furniture.
WHY CHOSE UNFURNISHED?
Landlords looking for a quality letting agent need look no further. Forrester Lettings offer tailor made packages to suit all your letting needs. We pride ourselves on being able to obtain the best rent for our landlord clients through a traditional approach augmented by modern technology allowing us to communicate with large numbers of potential tenants.
FORRESTER LETTINGS WILL
HOW WE CAN MANAGE YOUR PROPERTY
As part of our property management service, we will:
Our letting commission is payable for the duration of the initial term of the tenancy and any extension or renewal. Our entire fee must be settled before the start of the Tenancy, and will be deducted from the first months rent. If the fee exceeds the first months rent the balance will need to be settled by the Landlord before the start of the Tenancy.
Should the Tenant move out before the full length of the contract runs out, Forrester Lettings reserve our right to retain all of our fees charged even where a Tenant ends the Agreement early on the basis that it is for the Landlord to recover any outstanding rents in full regardless if the decision is made by the Tenant.
Before the end of the initial fixed term we will contact the Landlord to find out if the Tenancy should be renewed and upon receipt of your written instructions, we will then do the following:
Once we have received the signed extension documents we will send the signed Landlord's copy to the Tenant and the Tenant's signed copy to the Landlord. If you do not wish to offer the Tenant a renewal, you must inform us in writing at least 2 months before the end of the fixed term of Tenancy so that the relevant notice can be served on the Tenant by the Landlord's Agent unless you instruct us otherwise in writing.
MARKETING YOUR PROPERTY
Upon receipt of the Landlord's written instructions to let the property, we will:
When a prospective tenant visits us we ask for a simple registration form to be completed, in the strictest of confidence. This form covers such details as:
Once a suitable tenant has been found for your property, they will undergo a comprehensive referencing assessment. We will apply for references on your behalf including financial and fraud checks, verify employment status and, where applicable contact any previous Landlord. Our referencing service has been designed to minimise your risk and ensure the rental of your property runs smoothly. Only if the tenant proves to be acceptable do we proceed with the potential let. Provided this information is all in order, we'll invite you and the tenant to check through the agreement and sign and date it.
To ensure the tenancy runs smoothly it is essential that a professional agreement is in place. We will draw up the relevant paperwork based on years of experience, ensuring all the necessary documents are signed by both parties.
ADVISING YOU OF YOUR OBLIGATIONS AS LANDLORD
It's not easy keeping up to date with all the recent changes in legislation, however when you let your property with Forrester Lettings you can rest assured that we will keep you up to date.
MONEY LAUNDERING REGULATIONS 2003
In accordance with the Money Laundering Regulations 2003, the Proceeds of Crime Act 2002 and the Terrorism Act of 2000 as amended by the Anti Terrorism Crime and Securities Act 2001, all Estate and Letting Agents must comply with the requirements of the regulations in relation to identification procedures, record keeping procedures and internal reporting procedures. We require verification of every new client's identity and address, whether the Landlord is an individual or a company, a full list of satisfactory identification is required under the Act and will be provided at the point of instruction.
WHAT ARE MY LEGAL OBLIGATIONS AS A LANDLORD?
Every year gas equipment such as boilers, fires, ovens, hobs etc must be inspected by a person qualified to undertake testing. These engineers must be registered with and qualified by GasSafe (formerly CORGI). As a landlord you must give a copy of the safety record to the tenant.
Any electrical equipment you supply has to be safe and furniture must be fire resistant to make sure you're up to date with all the relevant safety regulations. For peace of mind we recommend that the electrical circuits and fittings be tested by a qualified electrician on a regular basis.
GAS SAFETY (INSTALLATION AND USE) REGULATIONS 1998
Under the Gas Safety (installation and use) Regulations 1998, it is a criminal offence to let a premises with gas installation pipe work and appliances that have not been checked by a Gas Safe Registered Engineer. The Landlord should ensure that all gas appliances are serviced and maintained at least once a year and keep a record of such maintenance which must be undertaken by a Gas Safe Registered Engineer in order to comply with the regulations. By law, a gas safety check must be carried out once a year and a copy of the Gas Safety Certificate must be given to the Tenant prior to the commencement of the Tenancy. In addition, Landlord's are required to keep a record of checks on appliances for at least 2 years. No Tenancy can commence without there being a current Gas Safety Record.
ENERGY PERFORMANCE CERTIFICATE (EPC)
From 1st October 2008, all rental properties with a new/renewed Tenancy in England and Wales are required to have an Energy Performance Certificate (EPC). Failure to comply with the law could result in a £200 fine. The EPC will remain valid for 10 years (under current EU Directives) and can be used for all new Tenants in that period. The Energy Performance Certificate is designed to help Landlords identify measures to improve the energy efficiency of their properties and give the tenants an indication of the cost of running the property. The EPC provides an energy performance rating from 'A' (highly efficient) to 'G' (least efficient). Because ratings are standard, tenants can easily compare the energy efficiency of one property to another. Ratings are influenced by type of property, its age, layout, construction, heating, lighting and insulation. The typical rating for a property is D or E. Forrester Lettings can arrange for an Energy Performance Certificate.
Income Tax is payable on income through letting property in the United Kingdom even where the Landlord is a resident abroad and whether or not the Landlord is an individual, an overseas registered company, overseas resident, or a trust. There are allowances that you can claim against this rental income. We recommend that you seek advice on these allowances from your accountants or the Inland Revenue website www.hmrc.gov.uk or contact your local Inland Revenue Enquiry Office and obtain their booklets on letting a residential property. You should be aware that we have to inform the Inland Revenue annually of name and address of all Landlords' together with details of the premises being let.
The Landlord should be aware that if the Tenant pays the rent directly to the Landlord and the Landlord is not a resident of the United Kingdom; the Tenant must deduct tax at the basic rate and pass the money to the Inland Revenue.
ASSURED SHORTHOLD TENANCY
This type of agreement applies to all tenancies created after 15 January 1989, where the annual rent is not more than £100,000 and the tenants are individuals, not companies. The tenant has the right to live in the property for the agreed period, or until you as landlord serve notice.
You have a right to end the tenancy by using a 'Section 21' notice. However, you must give the tenant at least two months' notice before the end of any agreed fixed term.
A Section 21 notice does not work in the first six months of the tenancy. However, you can issue a Section 21 notice after the first four months, which allows for the required two-month notice period. Your tenant will only be protected by this six-month rule from the start of the first tenancy and not in subsequent tenancies.
We recommend that our Landlord clients take out and maintain specialist insurance to protect their interests.
Our intention is to more than meet your expectations, always providing friendly, prompt and professional advice as part of a first class service to our Landlords and Tenants alike. Our already established professional reputation for service and reliability is second to none, and we will endeavour to ensure a successful moving experience.
If you have any requirements associated with residential property letting please feel free to contact Forrester Lettings on 020 8350 4141 and we will be only too happy to assist you or email email@example.com