Are you a private landlord or just setting up to be one? Sincere Property Services has the knowhow and community network to rent your property fast with professionalism, whist securing the best market rent potential.
A Sincere Valuation
Getting started as private landlords is really easy. Choose a free online property valuation to receive an estimated average of your potential rental income (which is based on similar properties in your area with similar specifications) or book your free no obligation Property Valuation to get a detailed valuation, to help you make a more informed decision when you meet with our Lettings Expert at your convenience.
Preparing your property for viewings is all about giving off the right signals on first impressions so take time to set the property into a home setting. Presenting a property clean and uncluttered with modern furnishings can help with renting your property fast at the best possible rental price and we will do all that we can to help you through this process before your first viewings commence.
We have a constant network of private and corporate tenants who are looking for homes in our areas to be closer to Central London. Hand picking quality tenants is what we do best, ensuring that your property is occupied by quality vetted professionals, who will respect the homes they live in and it’s neighbours.
Private Landlords Legal Essentials
With so many legal obligations to comply with, being a landlord has some big responsibilities. At Sincere Property Services, we are here to help you through this process to avoid any pit holes and to ensure peace of mind. Here are the must haves before putting a property on the rental market and during occupancy but fear not, we are the experts that can manage some of these for you without you burdening the work load.
A consent to let from your mortgage provider
If your property is mortgaged, you will be required to gain documented consent to let your property by your mortgage provider. This may also be required by leaseholders to sub-let from their private landlords.
A Property License to Let from your Watham Forest council
The London Borough of Waltham Forest stipulates that each rented property should obtain a Private Rented Property Licence (PRPL). The current fee is *£650 for each dwelling which covers the landlord for up to 5 years. Exemptions do apply, however non-compliant private landlords could face up to a £30k penalty fine. For more information, refer to the Waltham Forest council website. (*as of April 2016)
Insure your building
Your property must be covered by a building insurance policy before letting to a tenant. We would also suggest that you take out the additional policies to cover you for legal expenses and rent if your property is left vacant due to building defects.
Energy Performance Certificate
An Energy Performance Certificate (EPC) rates your property’s energy efficiency and its impact on the environment. All properties on the rental market must have a valid EPC before we can market the property and set up any viewings. An EPC is valid for a period of 10 years and must be made available to potential tenants. Please enquire with us if you don’t have an EPC so we can assist you with this.
Houses in Multiple Occupation (HMO license)
Walthamstow, Leyton and Chingford towns are within the Waltham Forest borough. Waltham Forest local authority enforces strict requirements to gain permission before letting out your property to multiple tenants of 5 individuals occupying 2 different households. We know a bit about the Waltham Forest borough and happy to advise you on your specific matters with expertise.
Tenant and property safety is paramount and the UK law has given a simple yet effective legal framework for private landlords to comply with.
- Furnished properties (includes furniture and furnishings) must comply with the current regulations by displaying a permanent label displaying fire and safety warnings. Any item without a permanent warning label will need to be removed from the property before letting it. A non-definitive list of items is as follows: Sofabeds, bed frames, mattresses, sofas, cushions, pillows etc. Items exempt from this law are: carpets, curtains, bedding and furniture made before 1950.
- Detectors for smoke and carbon monoxide. It is now a legal requirement for landlords to have installed smoke alarms on each floor and carbon monoxide detectors in rooms where a boiler is installed before occupancy begins. Quality checking the alarms is a regular must and crucial for us to document at the start of the tenancy or for you as the landlord to ensure that it works if your property is self-managed.
- Gas Safety Landlords are obligated to ensure that all gas connections and pipes, appliances, fittings and flues comply for safe usage and is maintained in good working order. A certified Gas Safe engineer should test each gas appliance and flue every 12 months for safety and will issue a certificate which should be kept safely for a minimum of 2 years.
Landlords are also obligated to test electrical installation before renting out a property to ensure its safe usage. A certified Electrical engineer should do the testing and issue a certificate for peace of mind.