Q What if my tenants do not pay the rent?
A Don’t worry, with fully managed properties you rent is guaranteed FREE OF CHARGE for the first six months of any let, subject to acceptance. (Please note tenants must remain in possession of the property in the event of a claim).
Q How is my tenant selected?
A Every care is taken to match your tenant to your individual requirements using very stringent vetting procedures, via a specialist referencing agency.
Q How long does the tenancy last?
A The minimum recommended term for Assured Shorthold Tenancy is six months, after this period the tenancy can be extended on a month to month basis or a further fixed term can bee applied.
Q Why do I need an Inventory?
A If you do not have an inventory you cannot make any legitimate deductions at the expiry of the tenancy from the tenant’s deposit.
Q How and when will I receive my rent?
A Payments will be made directly into your account (unless otherwise arranged). London Residentials will endeavor to credit your designated account within ten working days from receipt of rent.
Q How much deposit is held?
A This is usually at the landlord’s discretion but London Residentials would recommend holding a minimum of one months rent plus £100.
Q Why portable appliances should be tested?
A Landlord’s have a legal duty to take precautions against the risk of fire, injury or even death caused from appliances they have provided.
Q What happens when a repair is needed?
A Depending on the reported incident, London Residentials management centre staff would qualify who is liable i.e. landlord or tenant. A qualified contractor would then be instructed to carry out the repair, subject to the necessary approval. |