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Landlords
and UKALA (The UK Association of Letting Agents)
Letting
your residential property is much easier and safer since the
Housing Act 1988 and the implementation of the 1996 amendments.
It is important, however, that the various notices and forms
relating to a tenancy are correctly used.
Ensure
that the agent you appoint is a member of UKALA
- the fact they have joined the organisation demonstrates their
professionalism and that they have agreed to abide by the Code
of Practice. They will also be familiar with the statutory regulations
that it is imperative that you comply with. How
to contact a UKALA member in my area
Go
to (Contact members in your area)
button above.
Insurance
UKALA
recommend
that their members hold Professional Indemnity Insurance. You
must ensure that both the property and your contents are insured.
You may well find your UKALA
agent
can give you advice and perhaps arrange the insurance on your
behalf.
Terms
of engagement of a letting agent
Your
agent will set out his individual terms but as an indication
we list services that are normally offered. Basically there
are two aspects:
- Advertising
and finding the tenant which typically attracts a fee of
10% of the value of the rent to be paid.
- Management
thereafter, which includes collecting the rent, which typically
costs 5% of the rent to be paid.
We
list below what you could normally expect in terms of services
encompassing both the above:
- A
visit to the property to agree the type of tenant, the rent
required, any maintenance and repairs required, and the
legislation which might affect you.
- Advertising
the property in selected newspapers and/or other media.
- Interviewing
prospective tenants on your behalf. Prospective tenants
will be shown the property by a representative from the
agent's office.
- Take
up all necessary references including identification, financial
and character.
- Collecting
a deposit from the tenant to be held by the agent and registered
with one of the government appointed insurance backed tenants'
deposit protection schemes - or passed to the government appointed
custodial scheme - until the end of the tenancy when the property
and inventory have been checked.
- Checking
new tenants into the property.
- Collecting
the rent monthly and paying it to the landlord less any
fees due and any expenses incurred during the month. It
will not be paid until received by the agent.
- Co-ordinating
any repairs or maintenance required including making arrangements
for any tradesmen to attend the property, obtaining estimates,
supervising works and settling accounts from monthly rents
received.
- Corresponding
with the various utilities when a tenancy changes.
- Liaise
with the tenant and visit the property when necessary to
deal with any requests, repairs, maintenance etc.
- Carry
out a full inspection of the property and inventory check
at the end of the tenancy before the return of the tenant's
deposit.
- Provide
all administration services concerning the management of
the property.
Additional
services
These
additional services will attract additional fees:
- Most
agents will offer to prepare the tenancy agreement. This
is a legally binding document which will have been provided
by solicitors. Although very simple ones are obtainable
from stationers, they are rarely adequate and can leave
either the landlord or tenant, or both, vulnerable. Your
UKALA agent will be
able to provide a more comprehensive agreement that is acceptable
to the landlord and will still be fair to the tenant. You
will be asked to pay half the costs of preparing the agreement
and the tenant will pay the other half.
- Agents
can also prepare the inventory unless you wish to use inventory
clerks. You will be required to pay for the check-in inventory
and the tenant will pay for the check-out inventory.
- Many
UKALA members offer
additional services such as arranging refurbishing and refurnishing
of properties. Some also act as estate agents and can help
in buying and selling property.
- Preparation
of Tax Statements for Inland Revenue purposes.
- For
overseas clients many members offer a tax service to simplify
the calculation of a landlord's tax liability.
Is
there a difference between a short and a long tenancy?
The
shortest tenancy is for a holiday let and in many parts of the
country, such as central London, these are not allowed unless
it is a guest house or similar. For example, Westminster Council
will not agree to short holiday lets in property classified
for residential purposes. The vast majority of residential tenancies
are called Assured Shorthold Tenancies and are usually for a
minimum of six months and many landlords will not accept less
than six months. Probably the most common tenancy is for 12
months, although if a property is available for long term rent,
it is likely, if all has gone well in the first 12 months, that
the landlord will offer a further 12 months. This may well continue
for year-after-year but gives both landlord and tenant the opportunity
to review the arrangement annually. This means that a tenant
can decide to leave at the end of any 12 month period, however,
it also means that the landlord may request an increase in rent
particularly if market rents have moved higher.
Assured
Shorthold Tenancies are probably the best from the point of
view of both landlord and tenant. However you cannot have an
Assured Shorthold Tenancy if the tenant is a company or if the
rental value of the property is over £25,000 in a year.
Under these circumstances the law of contract will apply. Basically
the law of contract is very sensible and this should not be
seen as a reason not to progress such a let.
What
if I want my property back?
Normally
agents will recommend a fixed term tenancy which is exactly
what the name implies. Once you have committed to a 12 months
tenancy then, providing the tenant pays the rent and does not
cause any problem by breaching the tenancy agreement, they have
a legal right to continue in that property. Therefore you should
not take on a tenancy agreement lightly. However, you can get
your property back at the end of the fixed term tenancy although
it is important that you issue a notice to this effect a minimum
of 2 months before the tenancy ends. Your agent can arrange
this legal notice. Although you may say that the tenant is aware
of the approach of the end of the tenancy, the law still requires
that you give this reminder a minimum of two months before the
conclusion of the tenancy.
Is
it possible to extend a fixed term agreement?
If
you are happy with the tenant and they want to stay then the
agent can negotiate an extension of the original fixed term
agreement. The term and the rent will be as agreed between the
parties. The simplest method is then to issue a new tenancy
agreement for the new fixed term. It is common practice, and
sensible, to arrange tenancies for 12 months which means that
either landlord or tenant can conclude if they wish at the end
of a 12 month period, or if both sides want to continue, the
landlord may request a rent increase, particularly if market
rent levels have moved higher.
Inventories
It
will be necessary to have an inventory which lists the contents
of the property and also describes the condition of both the
property and contents. The agent can offer to compile this or
suggest that a third party is used (inventory clerks). Whatever
arrangements are made you will normally pay half. This usually
means that the landlord will pay for the inventory when the
tenant first moves in and the tenant will be required to pay
for the check out inventory.
Inventories
must be completed at the start and finish of a tenancy and must
identify missing items, breakages, and damage to the property
and furnishings.
Are
there other legal requirements?
There
are three legal requirements of which you should be aware:
- The
Fire and Safety Regulations (soft furnishings) require that
all soft furnishings (beds, sofas, pillows, easy chairs
etc.) provided in rental accommodation, comply with the
latest fire regulations. Your UKALA
agent can explain this in more detail. It is vitally important
that you do not have any non-compliant furnishings in a
rental property as to do so is a criminal offence.
- You
must have an electrical safety check prior to the commencement
of a new tenancy. This must be carried out by a competent
person (preferably a qualified electrician) to ensure that
the electricity supply, and appliances, are safe. This includes
supplying instruction books where these are necessary for
safe operation. Your UKALA
agent can explain further and arrange for such a check. Please
note only 'Part P' qualified electricians can carry out work
in kitchens and bathrooms. Your UKALA agent can explain more.
- You
must have an annual inspection of gas supply and gas appliances
(if applicable). This must be carried out by a CORGI (Council
of Registered Gas Installers) registered engineer. Your
UKALA agent can explain
further and can arrange for such a check.
What
if I am not happy with the performance of the UKALA agent?
If
you are not happy with the performance of your agent then firstly
talk seriously to them about your concerns. The majority of
disputes involving landlords and tenants come about because
either landlord or tenant or both misunderstand their responsibilities.
Therefore read your tenancy agreement very carefully and make
sure that you are keeping to your side of the agreement. If
you still believe that the performance of your UKALA
agent is unacceptable then you can request
that we consider the situation.
The procedure for making a complaint against a member is for
you to put it in writing to this office, clearly explaining
the circumstances and the reason for your complaint. Your letter
will then be sent to the member against whom you are making
the complaint, with a request that they put in writing their
side of the story. Their letter will be sent to you together
with the conclusions of this Association.
Please note that we must receive a letter over your original
signature. We cannot accept anonymous complaints or e-mails.
If you fax a complaint you must also send the original in the
post.
We should explain what this Association is and is not. We are
a trade association funded by subscriptions from the member
letting agencies. We are not an ombudsman, Trading Standards
or a replacement for the county court service. Our primary concern
is whether a member agency has complied, or not, with our Code
of Practice.
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