Tudor and Co Lettings

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Tudor and Co Lettings

lettings pic

The team at Tudor and Co have been successfully letting and managing properties for many years.  We offer free lettings appraisals for your property and will advise you an achievable price you can achieve per calendar month on your rental property.  Our lettings department has become one of the areas leading lettings specialists and are well known throughout the area for our expertise and sound investment advice.

Dealing with many different types of landlords from mass portfolio clients to individuals looking to rent out their family home we have extensive knowledge and background experience meaning we really are the people to trust with your home or investment.

Using our extensive range of marketing along with our prominent high street offices and local networks we deal primarily with top end professional tenants and local relocation agents securing prime corporate lets.

We offer a variety of services from Tenant Find Only through to our Fully Management Service and can happily tailor make our services to suit individual client needs. 

Whether you have a single apartment or a portfolio of executive family houses we are here on hand to be of assistance.

Lettings Options

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We offer three levels of service for landlords;

Full Management, Find a Tenant/rent collection or Find a Tenant only service, details of

which are given below. 

Fully Management  (12.5%)

  • Providing a free valuation and advice on Legal requirements
  • Advertising of Property
  • Accompanied viewings and report  to Landlord about suitable Applicants
  • Agree the market rent and find a tenant in accordance with the Landlord guidelines
  • Interview and referencing (Landlord, Employment/Character & Bank) 
  • Prepare Inventory of Condition of the Property/Contents at the start of a Tenancy – Cost for this service
  • Advice letters to Utility Companies – Gas, water, electric and Council, with meter readings at the start and end of Tenancy
  • Regular Inspections of the property 
  • Liaising with Landlords/Tenants/Contractors for completion of any necessary works/repairs and settling Invoices from Rent received.
  • Lodging of the Tenant’s Deposit with the Deposit Protection Service
  • Rent collection and payment direct to Landlord
  • Carrying out Inspection and Inventory check at the end of the Tenancy and if necessary preparing a schedule of costs relating to damage prior to the release of the Deposit
  • Arrangement of EPC and Annual Gas Safety Certificate – Cost for this service
  • Make any HMRC deduction and provide Tenant with NRL1 (if relevant)

Find a tenant and rent collection (10%)

  • Providing a free valuation and advice on Legal requirements
  • Advertising of Property
  • Accompanied viewings and report  to Landlord about suitable Applicants
  • Agree the market rent and find a tenant in accordance with the Landlord guidelines
  • Interview and referencing (Landlord, Employment/Character & Bank) 
  • Prepare Inventory of Condition of the Property/Contents at the start of a Tenancy – Cost for this service
  • Lodging of the Tenant’s Deposit with the Deposit Protection Service
  • Rent collection and payment direct to Landlord
  • Arrangement of EPC – Cost for this service

Find A Tenant Only Service (9%)

  • Providing a free valuation and advice on Legal requirements
  • Advertising of Property
  • Accompanied viewings and report  to Landlord about suitable Applicants
  • Agree the market rent and find a tenant in accordance with the Landlord guidelines
  • Interview, Reference (Landlord, Employment/Character & Bank) 
  • Provision of an Inventory of Condition of the Property/Contents at the start of a Tenancy – Further cost for this service
  • Issuing Copies of Tenancy Agreements and providing Contact Details to Landlords/Tenants
  •  Make any HMRC deduction and provide Tenant with NRL8 (if relevant)

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NEW ASSURED SHORTHOLD TENANCIES (ASTs) SIGNED ON OR AFTER 1 JUNE 2019

 

Holding Deposit: One week’s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).

 

Security Deposit
(per tenancy. Rent
under £50,000 per year)
 Five weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.

 

Security Deposit
(per tenancy. Rent of £50,000 or over per year)
 Six weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy.


Unpaid Rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.

Lost key or other services: Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £20.00 per hour for the time taken replacing lost key(s) or other security device(s).
Variation of contract: £50.00 per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.

Change of Sharer: £50.00 per replacement tenant or any reasonable costs incurred if higher.
To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.

Early Termination: Should the tenant wish to leave their contract early, they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.

During the tenancy - The tenant is liable to (Pay the provider)
* Utilities - gas, electricity, water
* Communications - telephone landline and broadband
* Installation of cable/satellite
* Subscription to cable/satellite supplier
* Council Tax payable to billing authority
* BBC Television licence

Other permitted payments
Any other permitted payments, not included above, under the relevant legislation including contractual damages for breach of tenancy or tenancy agreement. Tudor and Co is a member of CMP Scheme (Client Money Protection Scheme) and a member of The Property Ombudsman, which is a redress scheme.