Landlord FAQs

Posted on August 7th, 2014.

How much will it cost me to let my property?

The costs involved in letting your property consist of:

  • Energy Performance CertificateAn EPC, which you will need to make available to prospective tenants no later than 28 days from marketing beginning. Check if your estate agent can arrange for an EPC to be carried out on your behalf.
  • Inventory and check-in and check out reportAn inventory and check-in report, which should be organised before a tenant moves in. Ask your estate agent if they can arrange this on your behalf or provide an estimate. Costs vary depending on the size of the property.
  • Letting agent commissionYour letting agent’s fee which is usually payable when a tenant is introduced and enters into an agreement to let the property. This is charged as a percentage of the agreed rental price + VAT at the prevailing rate.

Are there any additional costs for marketing of my property?

The fees charged include marketing costs for the letting of your property. It is worth checking as some estate agents may charge an additional fee for any extra marketing and may ask the client landlord to make a contribution.

Who will conduct the viewings at my property ?

In the majority of cases, Ashmore Residential will conduct the viewings where we hold keys and pass codes. In cases where the property is occupied 24 hours notice will be given to the current tenant unless otherwise agreed. Our loner opening hours means we can maximise viewing potential accommodating the needs of busy people who may only be able to attend outside of the normal working day or at weekends.

Do I need to be present for viewings ?

In cases where we are key holders it will not be necessary to attend any viewing appointments. In general most prospective tenants are more comfortable with viewing in the owners absence.

Why do I need an EPC?

An EPC (Energy performance certificate) is a now legal requirement. It measures the energy efficient rating of your property in bands A-G and will also include any recommendations for improved energy efficiency. The certificate is valid for 10 years , Ashmore Residential can arrange an EPC on your behalf.

What is the cost of property management ?

The fees for Property management will be charged as a percentage of the rental price + VAT at the prevailing rate . the fees are payable on the signing of the tenancy agreement. Refer to our Terms and Conditions, fees and expenses for full details on charges for this service. See Ashmore Residential Terms and Conditions

How much deposit is normally charged and where is it held?

Damage deposits are 5 weeks rent on Assured Shorthold Tenancies (for short term lets- 4 weeks). Ashmore Residential act as the stakeholder and are members of the insurance based Tenancy Deposit Scheme (TDS). The deposit must be registered within 14 days of the tenancy start date. For tenancies that fall outside of the Housing Act 2004, that is either a Company Let or where the rent exceeds £100,000 per annum, a sum of greater than 5 weeks rent can be held.

How does the deposit scheme offer protection to me ?

The deposit is registered in a recognised scheme within 14 days of the tenancy start date. There is prescribed information about the scheme that is an integral part of the Tenancy Agreement giving the landlord protection against any default on the tenants part and ensures any dispute is handled efficiently. This applies to all Assured Short hold Tenancies.

What is the cost of an Inventory ?

This depends on the size/number of rooms your property has and on the basis it is offered on , that is furnished or unfurnished. We can arrange this service for you with our approved contractors.

When can I expect to receive my rent ?

Rent will be paid by standing order on the due date of each period (month) This is typically on the date the tenancy started , though there are some exceptions. Please note that for short let , you will receive your rent in full prior to the start date of the tenancy .