Ewar Chas 29A Goomays Ilfor Essx IG3 9UH Tl: 020 8995 9744 Email: ilfor@warchas.co.uk www.warchas.co.uk LETTINGS GUIDE
Contnts Ovrviw Pag 4 Tnancy Agrmnts Pag 5 Prparing Your Proprty for Rnt Pag 7 Rasons to Appoint Ewar Chas Pag 9 Choosing Your Srvic Pag 17 Haning Ovr to Us Pag 19 Lttings Summary Pag 21
Ovrviw Ltting your proprty is a fantastic way to gnrat incom, howvr prparing it, fining th ial tnant an managing th ongoing procss rquirs an invstmnt of tim, organisational skills an xprt knowlg. Ewar Chas has spnt ovr 25 yars fin-tuning th lttings procss an is rcognis as an inustry spcialist. W unrstan that your proprty is on of your most valuabl assts, an w activly gui an assist our lanlors throughout th ntir procss. Thr is an xtnsiv list to consir bfor ltting your proprty - w brak it own into simpl, managabl stps. Always rliabl an vry quick to rspon. Evrything s on to an xcllnt stanar. Highly rcommn! Billy an Gurprt 3 4
Tnancy Agrmnts Bfor ltting your proprty, thr ar svral typs of tnancy agrmnts you shoul b awar of as catgoris in th Housing & Non Housing Act 1988. Ewar Chas will vis you on which agrmnt is suit to your proprty ns. Hr ar th ssntial itms to b awar of. Assur Shorthol Tnancy (AST) 1988 Introuc by th Housing Act 1988 provision (amn by th Housing Act 2004) Proprty to b lt as a sparat wlling Th tnant must b an iniviual an must occupy th proprty as thir principal rsinc Th lanlor must giv a minimum of two months notic to gain possssion Th rnt must not xc 100,000 pr annum Th posit must b protct through an approv posit protction schm (Tnancy Dposit Protction 2007) Assur Tnancis Ths tnancis ar uncommon noways ays as thy offr a ilut amount of scurity to th lanlor. A lanlor can only gain possssion if thr is a brach of th original agrmnt. Thrfor, unlik an AST a lanlor cannot simply ask for possssion without proviing a satisfactory rason. Non-Housing Act 1988 Tnancis Ths typs of tnancis ar outsi th Housing Act 1988 an ar govrn by contract law. Exampls ar; Company Lts Holing Lttings Prmium Lass Agricultur Tnancis Contractual Agrmnt (if th rnt xcs 100,000 pr annum) Proprty Possssion Unr Sction 21 of th Housing Act 1988, proviing th AST has bn xcut corrctly, a lanlor is abl to srv two months notic by way of Sction 21 (also known as Form 6A), stating h/sh rquirs possssion. If a tnancy is to go into a statutory prio stag, th tnant can srv th lanlor a notic uration of on month to trminat th tnancy. If a tnancy has not bn xcut corrctly or an outstaning maintnanc issu rmains unrsolv, th notic provision can laps. Dposits Whn xcuting a tnancy, it is important to fin how th posit monis will b hl uring th trm. Lgislation introuc in April 2007, rquirs that within 30 ays of posit monis bing pai by th tnant (for an Assur Shorthol Tnancy), th posit must b rgistr with a posit protction schm. Th UK has two typs of posit schms: Custoial posit schm (hl via a thir party) Insur posit schm (hl via lanlor/agnt) Ewar Chas is a mmbr of th Tnancy Dposit Schm (TDS) an has th authorisation to rgistr an hol posit monis in a sparat ring-fnc posit account. Clint Mony Protction Ewar Chas is a rcognis mmbr of th Proprtymark boy an is inmnifi with Clint Mony Protction (CMP), an insuranc for ltting agnts. CMP protcts th rntal mony that a tnant pays thir ltting agnt to pass onto thir lanlor. It is stimat that ltting agnts currntly hol approximatly 2.7 billion in clint funs an yt, if a ltting agnt is not covr by CMP, both lanlors an tnants coul stan to los thir mony. Non-Housing Act tnancis o not rquir posits to b protct with a statutory posit protction schm. 5 6
Prparing Your Proprty for Rnt Ewar Chas hlps you mt your lgal obligations to nsur your proprty is saf for occupancy. Lanlors ar rquir to comply with strict guilins covring th following: Othr Things to Consir Whil not a lgal ncssity, Ewar Chas rcommns that you giv som thought to th following: Conition of Proprty It is important that your proprty is in a habitabl conition prior to ltting. It is your rsponsibility to nsur gas, lctricity an watr supplis ar install, an ar working proprly. Tim shoul also b spnt on th apparanc of your proprty. Right to Rnt From 1st Fbruary 2016, all privat lanlors in Englan will b rquir to chck that any potntial tnants hav th right to rnt in th UK. Annual chcks ar rquir as part of th rcnt lgislation. Insuranc As a lanlor, your proprty an contnts must b fully insur. You will n to notify your insuranc company that th proprty is to b lt, so that your policy can b just an you ar suitably covr. Gas Safty Th Gas Safty Rgulation 1998 stats that all gas appliancs must b inspct annually by a Gas Saf rgistr nginr. (https://www.gassafrgistr.co.uk) 7 Elctrical Safty Elctrical inspction rports or crtificats must b carri out by an accrit, comptnt prson, such as a rgistr lctrician. Thy will chck th conition of th lctrics against th UK stanar for th safty of lctrical installations. This is a lgal rquirmnt unr Slctiv, Aitional an Manatory (HMO) licnsing. Smok an Carbon Monoxi Dtctors Th Smok an Carbon Monoxi Alarm (Englan) Rgulation 2015 rquirs a smok tctor to b install on ach floor of a rntal proprty. A carbon monoxi tctor must b install in any room which is us as living accommoation an contains a soli ful burning combustion applianc. A hat snsor must b install in a kitchn an all tctors must b tst annually. Enrgy Prformanc Crtificat (EPC) All rntal proprtis in th UK ar rquir to hav an EPC as of th 1st Octobr 2008. From April 1st 2018, all privatly rnt proprtis must hav an EPC rating of E or abov, as lai out in th Enrgy Efficincy (Privat Rnt Proprty) (Englan an Wals) Rgulation 2015. Slctiv Licnsing/HMO In aras whr slctiv licnsing applis, lanlors ar rquir to apply for a licnc to rnt thir proprty. Furthr rquirmnts apply to HMOs, shoul you intn to rnt your proprty to mor than thr occupants that ar not part of th sam houshol. Dposit Protction Act 2007 If you rnt your proprty on an assur shorthol tnancy (that start aftr 6 April 2007), a tnant s posit must b put in a govrnmnt-back tnancy posit schm (TDP). How to Rnt Gui Th How to Rnt Gui is a Govrnmnt back chcklist which must b issu to your tnant. Nw lgislation spcifis that lanlors hav to provi information unr an assur shorthol tnancy in Englan. (https://www.gov.uk/govrnmnt/publications/how-to-rnt) Invntory An invntory rport is a usful ocumnt picting th xact proprty conition at th bginning of th tnancy. This rport will hlp rsolv any n of tnancy isputs ovr th rturn of th posit. At Ewar Chas w only us AIIP (Association of Inpnnt Information Profssionals) rgistr companis to conuct our rports. R-ircting Mail You shoul also navour to r-irct any mail that is rss to th rntal proprty. This can b on by notifying your srvic provirs of a chang in rss or by complting a rirction application through th Post Offic. Homcar Covr Having a suitabl homcar plan can hlp you with thos annoying an unforsn xpnss. Emrgncy rpairs shoul b xpct whn ltting your proprty so it is visabl to consir purchasing covr. Aitional Kys You shoul provi a minimum of two xtra sts of kys. On hl by your tnant an th othr by your ltting agnt. Utility Changovr Th tnant is gnrally rsponsibl for paying all utility bills such as gas, lctricity, tlphon, watr, council tax an tlvision licnc. It is important that your srvic provirs ar awar of a tnancy s commncmnt. Las Agrmnt You shoul provi your agnt with a copy of your las agrmnt for thm to rviw. This will spcify any provisions that partis n to b awar of prior to th bginning of th tnancy. Tax In accoranc with th Financ Act 1995, lanlors bas outsi th UK will n to apply to HMRC for a NRL1 NRL6 tax co (Non-rsint Lanlor). Without this approval co, your agnt will b lgally rquir to rtain 20% of your rntal incom an submit quartrly to HMRC. 8
Rasons to Appoint Ewar Chas W giv our customrs a prsonalis srvic an striv to nsur a prfct match btwn, lanlor, proprty an tnant. W provi a customr focus srvic an conuct ourslvs with th utmost profssionalism. W always aim for high customr satisfaction, working har for you an your invstmnt. Exprts Our tam is accrit by th highst inustry bois. W can thrfor vis you on issus ranging from your lgal obligations as a lanlor, to th potntial rturn on invstmnt whn vloping a proprty. Bspok Contracts W raft tailor-m contracts nsuring quat covrag of your proprty s ns. Our solicitors mak sur you r fully compliant with lgislation. Local Knowlg Covring East Lonon an Essx, w hav in-pth knowlg of th surrouning markt. This nsurs w stay abrast of changs in rntal rats, invstmnt opportunitis an local trns. Inspctions W conuct inspctions via a thir party AIIC rgistr company. An in-pth rport of your proprty conition nsurs w catch any issus arly on an most importantly, ar in a position to al with thm swiftly. Tnant Scrning This is a vtting procss to hlp intify th most suitabl tnants for your proprty. Rnt Guarant Insuranc To nsur our lanlors hav pac of min, w offr rnt guarant an lgal covr as stanar. 24/7 Support W offr yar roun support (365 ays) to quickly rsolv any mrgncy/maintnanc issus as thy aris. Environmntal an Social Rsponsibilitis As part of our riv to b nvironmntally an socially conscious, w mak rgular charitabl contributions to rais ucational opportunitis in th vloping worl. Ewar Chas also mploys a paprlss policy, in orr to ruc our carbon footprint. Ewar Chas hlp us rnt out our proprty quickly an fficintly. Vry happy with our tnants! Emma an Paul 9 10
How W Markt Your Proprty W unrstan that markting a proprty is not what it us to b. As such, w hav invst havily to hlp your proprty stan out. Location Our bran-nw offic, locat at 29A Goomays, Ilfor, Essx, IG3 9UH, is just a ston s throw away from Goomays Station. With an annual footfall of 3.8 million pr yar (2016/17), your proprty is visibl to a host of profssionals an commutrs. To Lt Boars Our boars ar sign to stan out from our local comptitors. Employing a vibrant an bol colour paltt, our braning is istinct an rcognisabl, rawing attntion to your proprty. Ewar Chas hlp m gt an apartmnt to rnt. My xprinc with thm was xcllnt. Onlin W nsur your proprty is visibl through ling platforms such as Rightmov, Zoopla an Prim Location. Togthr with www.warchas.co.uk, ths sits ar significant tools in our igital markting plan. Profssional Photography All of our proprtis ar profssionally photograph to maximis intrst from prospctiv tnants. Our imags ar captur in high rsolution an ar fram to maximis spac an liminat istortion. Invsting in this srvic is a ky lmnt our markting stratgy. It has guarant incras customr ngagmnt an has significantly cut th tim proprtis rmain unoccupi. In ition to high rsolution imags, w offr vio tours, ron footag, 365 photography an virtual floor plans. Dirct to Tnants Our intrnal atabas hols btwn 700-1000 liv applicants all sarching for vacant proprtis. At a touch of a button w can prsnt thm your proprty. Shan 11 12
Intractiv Systms Our us of intractiv systms nabls lanlors an tnants to accss ky information at all tims. Our invstmnt in nw tchnology nsurs up-to-at an accurat information, asing th lttings procss for all partis. Our bspok lttings softwar hlps manag all aspcts of your proprty. For xampl: w ll R st R Fo r n gl a B174 Fairlop o Fairlop Watrs 14 Haina in o st R For No r th C h ig Hainault Fairlop R oa o r th ill Claybury Our customrs also hav acs to our onlin systm for rporting an managing maintnanc ns. This solution allows tnants to quickly rport ay-to-ay or mrgncy issus via a sktop computr or a mobil app. With all partis kpt in th loop, w ar abl to track an quickly rss problms, hlping your proprty rturn to th bst conition possibl. fo r No N w H A1009 shar ky ats with lanlors,.g. gas crtificat rnwal, viwings tc. offr progrssion information, wbsit an portal stats shar valuabl financial information with lanlors..g. rntal statmnts log tlphon, mail an SMS convrsations, guaranting th highst lvl of transparncy an accuracy R o M11 oo 13 sw Nataliya m To Thy hlp m fin a plac within no tim an nsur all my rquirmnts wr mt. arn St B A1112 l Co r li R
ok v nu h iv o A12 rn Avn Nwbury n br B177 oo k Valntins R oa cul C ir Svn Kings h H ig a n r th Bcon Ha A1083 L o ng br 's C a tt ig R o a n La W W oo A124 La n O x low L an O s lo Av n H at h w a y 16 rs Bcontr oo L a n st l Av n B191 u r n Gr n L Pa xfo n S out h P a rk D Littl Ilfor nn Goomays n A123 H Woograng Wi Lan B rn o r Ea s t mf G ra t in L in Manor t r n M a at Ea s s to ay W n nt R r G r Goomays co ok Ilfor Wa t r ro Chwll Hath Loxf o r Cap l R o G r La r sb L in rn Main Gr a t E a st n La n G r n L a n a n r L Gr a Chwll Hath Va l nc Av n u o Al Svn Kings a A1083 I lf o Stunts st ats A116 ng Sharrs 10% Hi gh R oa Hig h B St r oi 15 Profssionals 30% R oa tr L a n Ly rr iv Familis 25% Eas l La n M il H i gh Wa 35% v n u t h H ig City of Lonon Cmtry an Crmatorium nu E a s t r n A Goomays ar o E astrn Av E u C ra rth...unrgo a thorough backgroun chck so that you hav pac of min. W work iligntly to nsur a suitabl fit btwn you, your proprty an th tnant. Blow is a prcntag brakown of our typical tnants: No Wanst A L y Str t n Your Tnants... n A v n u Littl Hath Nwbury East L a Ea s t r n u 3 ays......is th avrag tim it taks for your proprty to b rnt. W work har to nsur your invstmnt bgins working for you without lay. br Gants Hill B Rbrig n Cr a rn t as n v u st W A Lan E astrn Av n u or B hi v f Marks Gat R oa G r o v u A123 oo R o Barkingsi L an n nu Bil l t B a r l y Av Ri vr in g W B illt H o r ns R o or R o s tr n Av ns A1400 Rbrig unabout Ea ng Bi Barkingsi f u la r 4 offrs......on avrag is rciv from prospctiv tnants whn you markt through Ewar Chas. This high lvl of intrst hlps slct th bst suit tnant for your proprty 8 9% mor......in rnt. W typically achiv a highr rat of rturn for your proprty in comparison to our local comptitors. oo W C ir c 130 aily viws......is th avrag numbr your proprty rcivs whn lt through Ewar Chas. Promoting your proprty on th ling wbsits as wll as using profssional photography nsurs gratr intrst in your proprty. Lo W hal b o n Lan N o r th Th jacnt map inicats som of th proprtis w hav rcntly lt locally. Blow ar som ky mtrics showing th bnfits of choosing Ewar Chas to rnt your proprty. o wo r Ga t hs Clayhal l Avnu ll tr Hi g R oa t R n No Proprtis W Hav Rcntly Lt aul t th C rav n G a r ns So u
Lo East Ham L o g A v o sa r s nu a H g m a n g A v Dposit Protction Rnt Collction Rnwal Srvic Rnt Guarant Insuranc Rnt Rcipt Srvic This buils on th Lttings Srvic an inclus collction of your rnt, aling with all th financial aspcts of th tnancy an communication with accountants. Suitabl for lanlors who wish to al only with maintnanc issus, laving us to hanl th ministrativ an financial mattrs. Comprhnsiv Srvic Our all-inclusiv srvic taks th strss away from ltting your proprty. Ewar Chas hanls all aspcts of th procss, nsuring lgal an safty stanars ar mt whil hanling th financial an ay-to-ay managmnt of th tnancy. Suitabl for lanlors that want complt pac of min with th assuranc that thir invstmnt is in saf hans an all lgal obligations ar covr. Chck In/Out Srvic Maintnanc & Lanlor Portal If at any point you rquir xprtis that sits outsi your plan, w ar hr to hlp an can upgr you to a plan mor suit to your ns. Thir Party Inspction Rports Communication Logging Safty Crtificat Managmnt Srving Tnancy Notics 17 u Srvic Lo ov vn H a thw a Gascoign l R Avanc Rfrncing M pp g Bcontr W o ow a r Ri R i p p l R o r in in Parslos Comprhnsiv rsl Dagn way ou ilb u ry & S L on on, T Upny Ba rk Rnt A1153 Rcipt Srvic thn Rail Barking Accompani Viwings A117 Pa G rov Tnancy Prparation y n tg u t t r al S Lttings Srvic Maysbrook Lan g Introuction r i gb nsrvic ny o R Up Pla sh K a th Suitabl for lanlors who want itional tnant chcks an pac of min to nsur thir rntal incom is fully protct. Byon this, th lanlor will b rsponsibl for ay-to-ay managmnt as wll as lgal complianc. Suitabl for th xprinc lanlor who is familiar with lttings but may want a hlping han markting thir proprty to th right auinc, in th fastst tim. Driv Barking t N o r th oa Lttings Srvic Our sconary plan is slightly mor comprhnsiv. As wll as markting your proprty, w complt full comprhnsiv rfrnc chcks on th slct tnant an provi a rnt guarant insuranc policy for initial tnancy trm. Upton A124 Profssional Markting Srvic Plasht Our flxibl lttings srvics giv you options an pac of min by simplifying th rntal procss, nsuring all lgal obligations ar mt. pton Aitionally, w unrstan that your proprty is a valuabl asst an so shoul b trat with rspct an car rgarlss of which plan you opt for. ay Introuction Srvic This is our introuctory srvic for lanlors wishing to only utilis our markting tools to promot thir proprty. B165 R n S tr t K a t h r in G r Choosing Your Srvic ilw L tr H ig h S A118 18
Haning Ovr to Us Onc th initial stags hav bn rss, th following stps ar all that rmain bfor your proprty is rnt: Valuing your Proprty W nsur that all proprty valuations ar unrtakn by an xprt mmbr of th lttings partmnt. Ewar Chas will provi you with an accurat gui pric bas on our xprinc an knowlg of th local markt. Accpting an Offr Whn a prospctiv tnant xprsss an intrst in your proprty an an offr is m, w will notify you in writing, outlining thir trms. Ewar Chas will work har to protct your intrsts an obtain th bst possibl trms for th tnancy. Shoul th offr b accpt, w will finalis th paprwork incluing th trms of th tnancy, any spcial rquirmnts (from ithr party), an th propos start at of th tnancy. Ewar Chas will also carry out th ncssary chcks incluing obtaining rfrncs, crit chcks an proof of right to rnt. Proviing that all chcks ar satisfactory, w will crat contracts an xcut th las agrmnt. W v lt two of our proprtis through Ewar Chas an hav h pac of min throughout. Shazia an Sohail 19 20
Lttings Summary 1 Markting To attract maximum intrst in your asst w: 2 Viwings W mak th viwings procss ffctiv an fficint by: 3 Rfrncing W nsur your scurity by chcking our tnants: 4 Tnancy Th most important stp so far - Ewar Chas scurs your asst: 5 Inspction To nsur you ar lgally compliant as a Lanlor, w chck: 6 Utility Switch W also mak th utility changovr hassl fr. Bfor th hanovr, w: 7 Hanovr To nsur a smooth transition, w: 8 Aftrcar Onc th tnancy commncs, w: markt your proprty on sits lik Rightmov, Zoopla an Primlocation us a profssional photography agncy vrtis your proprty in locations with a larg, local footfall markt irctly to 2000+ tnants on our intrnal atabas pr-scrning tnants, bfor thy viw your proprty accompanying prospctiv tnants, saving you tim unrtaking block viwings crit rating right to rnt incom to rnt ratio comparison rfrncs using a thir party spcialist giving you profssional vic on tnancy options proviing a posit protction ovrviw nsuring all agrmnts ar proof by a ling tnancy valiation spcialist intrnal & xtrnal conitions gas crt, EPC, NIC rnwal ats rains, toilts, whit goos an boilrs smok/carbon monoxi alarms log mtr rings chang council tax offr tnants a pric comparison srvic on utilitis, tlphon, igital tlvision an broban intrnt rcipt th mov in balanc han ovr safty crtificats to tnants forwar How to Rnt Gui log posit forwar Dposit Prscrib Information han kys ovr to nw tnant rmin lanlors of xpiration of safty crtificats offr 24/7 lanlor & tnant hlplin hav a icat proprty managmnt tam hav a maintnanc rporting app carry out invoicing/ statmnts/intrnational tax xmption 21 22
Ewar Chas 29A Goomays Ilfor Essx IG3 9UH Tl: 020 8995 9744 Email: ilfor@warchas.co.uk www.warchas.co.uk