SAFETY REGULATIONS
All certificates/inspections must be carried out by a Gas safe engineer or NICEIC approved Electrician. Please note without a satisfactory Gas/Electric and EPC certificate the tenants cannot move into the property.
Furniture and furnished safety regulations
All soft furnishings supplied must be flamed retardant. The regulations apply to beds, futons, nursery furniture, garden furniture, scatter cushions, seat pad, pillows, and beanbags, looser and stretch covers for furniture. Compliant items will be labelled. Bed bases and mattresses should carry the label "BS 7177" All other soft furnishings should carry a label 2 carelessness causes fire" if these labels are not attached and you cannot provide proof of purchase the items must be removed from the property. The landlord will be liable to ensure all furniture/items within the rented property meet the fire regulations with fire labels. See link below for further details
https://www.fira.co.uk/images/FIRA-Flammability-Guide-PDF-with-links.pdf
Carbon Monoxide detector and smoke Alarms
Carbon monoxide detector and Smoke alarms - as you may be aware this is a legal requirement and if landlords fail to comply serious consequences can arise as well as a fine being imposed. From the 1st October 2015 all private rented sector landlords in England with single tenanted properties (e.g. not houses in multiple occupation) are required to install smoke alarms on every floor and have a carbon monoxide alarm in every room where solid fuel appliances are contained. See link for further information. See link below for further details
https://www.gov.uk/government/publications/smoke-and-carbon-monoxide-alarms-explanatory-booklet-for-landlords/the-smoke-and-carbon-monoxide-alarm-england-regulations-2015-qa-booklet-for-the-private-rented-sector-landlords-and-tenants
Landlords remain UK Residents for Tax purposes
If you intend to reside abroad please see guidance Notes/link for Non-resident landlord. See links below:
http://www.hmrc.gov.uk/international/nr-landlords.htm
https://www.gov.uk/renting-out-a-property/paying-tax
http://www.hmrc.gov.uk/cnr/nrl1.pdf
https://www.gosimpletax.com/blog/non-resident-landlords-and-paying-uk-tax-on-rental-income/
Selective licensing
If you are a landlord in the following areas Brownswood, Cazenove and Stoke Newington you will need to apply for selective licensing. See link below:
https://www.gov.uk/government/publications/selective-licensing-in-the-private-rented-sector-a-guide-for-local-authorities/selective-licensing-in-the-private-rented-sector-a-guide-for-local-authorities
HMO Licensing changes
If your property is occupied by five or more people living together as two or more separate households a Mandatory HMO licence is required. For further information see link:
https://www.gov.uk/government/publications/houses-in-multiple-occupation-and-residential-property-licensing-reform-guidance-for-local-housing-authorities/houses-in-multiple-occupation-and-residential-property-licensing-reform-guidance-for-local-housing-authorities
Transparency and clarity is important for all our clients hence we ensure we uphold ethical practices and legal obligations where we ensure we are complaint with all relevant governing bodies as shown below:
PRS – Property Redness Scheme – (demonstrating our commitment to upholding industry standards for further details click link) All property agents and professionals that carry out estate, lettings and property management work in the property industry have a legal responsibility to join an authorised redress scheme. See link below
https://www.theprs.co.uk/PropertyAgent
CMP – Client Money Protect –( to ensure our commitment to safeguarding clients funds so they are aware their money is protected for further details click link) Agents must be a member of an approved or designated CMP Scheme if they hold client money. See link below
https://www.clientmoneyprotect.co.uk/
CMP Certificate
DPS – Deposit Protection Scheme – (ensuring your deposit is protected) by law, deposits in England are limited to no more than five weeks' rent. If you have a standard private tenancy or Assured Shorthold Tenancy (AST) your landlord or agent must protect the deposit in a government scheme within 30 days of receipt and pass the details on to you. See link below
https://www.depositprotection.com/
Services Provided |
Let and Introduction 12% (NO VAT) |
Rental Collection 15% (NO VAT) |
Comprehensive Management 20% (NO VAT) |
Professional photography & photo editing for attractive exposure |
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Comprehensive marketing via all major online portals |
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Tenant Finding and out of office hours and weekend viewings carried out |
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Comprehensive Referencing including Right to Rent check |
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Tenancy Agreement prepared and arrange tenants to sign in office |
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Electrical & Gas certificate arranged upon request |
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Energy Performance Certificate arranged upon request |
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Property Licensing advice available |
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Renegotiate Tenancy extensions and assistance with renewals * |
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Professional Cleaning arranged upon request |
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Overall statement of cost and services provided |
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Inventory and check In arranged and provided * |
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Collection of rent promptly paid to landlord bank account |
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No upfront payment / fees taken monthly to assist financially |
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Monthly rental statement provided upon request |
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Assistance with pursuing rent arrears |
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Assist with Deposit registration and release of deposit at the end of tenancy* |
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Yearly financial tax statements provided for tax return upon request |
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Rental Guarantee with legal notices * |
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Key Holding Service |
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Deal with tenant issues and arrange/quote for any repairs & maintenance |
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Maintenance arranged with your consent unless it’s an emergency |
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Payment of all outgoings highlighted on rent statement |
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Emergency service available for weekends and out of office hours |
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Property inspections arranged * |
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Management of the tenants check-out |
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Deposit deduction advice |
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Vacant property management and advice |
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Corporate services & short lets |
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All fees are negotiable depending on individual circumstances, however some benefits may not be included.
Property management and rent collection fees is the agreed % of monthly rent. I.e. £1100 x 15% will be taken on a monthly basis
Rent/commission/costs:
Managed / Rent collection properties: After the initial advance payment bigmove will transfer the rent received from the tenants into the landlords selected bank account on a monthly basis. bigmove’s commission and any costs due will be deducted from the rental amount normally on a monthly basis.
For let and introduction services: bigmove will deduct their total fees/costs upfront from the total move in monies received by the tenants. Any remaining funds will be transferred to the landlord, however in the event bigmove fees are more than the move in monies the landlord agrees to promptly pay the outstanding balance by the tenant(s) commencement date.
Renewal Fee: For a let only service or for managed/rent collection service where the landlord decides to terminate bigmove’s service but wishes to renew with the tenants introduced by bigmove then a renewal fee of 1% less than the agreed fee will apply in the event bigmove’ s introduced tenants decide to renew for a further term.
Cancelation of Contract: The landlord has the right to cancel their agreement within the first 14 days from the date of commencement. If the landlord cancel/withdraws the contract for any reason they may be liable to pay administration costs of up to £250 and may be required to pay bigmove’ s commission fees if a tenant is introduced by bigmove prior to the landlord serving notice.
Interested in letting your property?
The first step is to have a free property valuation from our experienced, friendly valuer.
Covering Dalston, De Beauvoir Town, Finsbury Park, Hackney, Hackney Central, Hackney Downs, Hackney Marshes, Hackney Wick, Haggerston, Homerton, Hoxton, Kingsland, Lea Bridge, London Fields, Lower Clapton, Manor House, Newington Green, Shacklewell, Shoreditch, South Hackney, Stamford Hill, Stoke Newington, Upper Clapton, West Hackney, East London, North London and Enfield.