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General Advice for Landlords
If your property is mortgaged, you should obtain your mortgagee's written consent to the letting.
They may require additional clauses in the tenancy agreement of which you must inform us.
If you are a leaseholder, you should check the terms of your lease, and obtain any necessary
written consent before letting.
You should ensure that you are suitably covered for letting under both your buildings and
contents insurance. Failure to inform your insurers may invalidate your policies. We can
advise on Landlords Legal Protection, Rent Guarantee Cover and Landlords Contents and
Buildings Insurance if required.
Bills and regular outgoings
We recommend that you arrange for regular outgoings e.g. service charges, maintenance contracts
etc. to be paid by standing order or direct debit. However where we are managing the property,
by prior written agreement we may make payment of certain bills on your behalf, provided such
bills are received in your name at our office, and that sufficient funds are held to your credit.
Council tax and utility accounts
We will arrange for the transfer of Council Tax and utility accounts to the Tenant. Meter readings
will be taken, allowing your closing gas and electricity accounts to be drawn up. All these
matters we will handle for you, however British Telecom will require instructions directly
from both the Landlord and the Tenant.
When resident in the UK, it is entirely the Landlords responsibility to inform the Inland Revenue
of rental income received, and to pay any tax due. Where the Landlord is resident outside the
UK during a tenancy, under rules effective from 6 April 1996, unless an exemption certificate
is held, we as Landlord's Agent are obliged to retain and forward to the Inland Revenue on a
quarterly basis, an amount equal to the basic rate of income tax from rental received, less
certain expenses. An application form for exemption from such deductions is available from
this Agency, and further information may be obtained from the Inland Revenue.
It is most important that an inventory of contents and schedule of condition be prepared, in order
to avoid misunderstanding or dispute at the end of a tenancy. Without such safeguards, it will be
impossible for the Landlord to prove any loss, damage, or significant deterioration of the property
or contents. In order to provide a complete Service, we will if required arrange for a member of
staff to prepare an inventory and schedule of condition, at the cost quoted in our Agency Agreement.
QUESTIONS AND ANSWERS
Q1. What are your fees?
A1. Tenancy set up £400.00 7.5% of rental collected. Renewal of tenancy £50.00
All safety checks can be supplied on your behalf, costs on application.
Q2. How do you find tenants?
A2. We have an extensive database that has been collated from local advertising and referrals.
Q3. Are your tenant’s vetted and referenced?
A3. We use UKCLA tenancy and referencing who supply us with financial suitability and all routine security
checks, all tenants are personally interviewed face to face by ourselves.
Thankyou for contacting Platinum Residential we will reply shortly.
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