If you want to rent out your property, our professional experienced team can advise you on all aspects of letting.
We offer a range of services including:
- A professional team of experienced property advisors and support staff
- Up to date expertise of current landlord and tenant legislations and regulations
- Tenant screening
- Clear marketing strategies to let your property at its full market value
- Realistic rental valuations
- No let – no fee
- Honest ongoing advice, help and feedback
- A complete team of qualified tradesmen, including builders, plumbers, electricians and energy performance engineers.
- Landlords Insurance – we can offer advice and very competitive products.
Landlord Registration and Licensing Housing (Wales) Act 2014
Landlord Registration and Licensing Housing
All landlords are now required to register with rentsmart.gov.wales subject to your circumstances, you may also be require a landlord license our staff are on hand to offer advice in this regard. We understand that different landlords have different levels of experience and require different levels of involvement in this process. Therefore, we offer two different packages; a full management service, and a let only service. For more information on our fees, please click here.
Fully Managed Service
Our full property management service is tailored to suit each individual landlord. The landlord can decide how much involvement they want to have and just leave the rest to our team.
Fully Managed Property Service
For a fully managed property we will carry out, when required:
- A free, honest rental evaluation, carried out by an experienced, friendly advisor
- Advertise your property in our branch and online
- Conduct accompanied viewings
- Obtain references and/or a financial guarantor for every prospective tenant
- Prepare and sign contracts for both new and existing tenants
- Hold bond deposits, complying with the latest regulations
- Carry out a full inventory at the start of each new tenancy and inspect the property at regular intervals
- Organise gas safety inspections, if requested
- Organise electrical inspections, if requested
- Organise energy performance inspections, if requested
- Organise legionella risk assessments, if requested/required
- Obtain all meter readings and liaise with local council regarding council tax matters
- Collect the rent and chase any rental arrears if necessary
- Carry out any repairs/maintenance required up to an agreed sum of money and contact you thereafter
- Obtain a landlord license to comply with current regulations
Let Only Service
If you are a more experienced landlord you may wish to handle the daily running of your property yourself. We can still help and will provide the following services:
Let Only Property Services
- A free, rental valuation, carried out by an experienced, friendly member of the lettings team
- Advertise your property in our branch and online
- Accompanied viewings
- Prepare and sign contracts
- Carry out a full inventory at the start of the tenancy
- Collection of the first months rent and bond (the bond will be forwarded in order for you to register with an appropriate scheme)
- Once the contracts have been signed, we will deduct our letting fee from the monies received from the tenants. Thereafter all of the paperwork will be sent to you for you to start managing your property yourself.
Marketing
When you instruct us to let your property, you automatically benefit from our comprehensive marketing strategies.
Our sole objective is to obtain the maximum price for your property.
How We Market Your Property
- An eye catching ‘to let’ board will be put up outside your property
- Details will immediately be available at our branch
- We will add your property to our modern website as soon as the property is ours to market
- Our website is continually updated, whenever information changes
- We will continually cross match your property against registered applicants’ details, at the beginning of the process until the property is let to your satisfaction
- Your property will be seen on major property portals
Lettings Services (Fees)
To download our Letting Services Fee click here
Landlord Fees
| Description | Fee (all stated are inclusive of VAT) |
|---|---|
| Tenancy set up (full management – first month’s rent only – this includes: tenancy agreement, full inventory, deposit protection and prescribed information, notification of council tax and welsh water) |
90% of monthly rent |
| Full management (each month thereafter) | 12% of monthly rent |
| Tenancy set up (tenant find only) | 100% of first months rent |
| Instruction of another agent during sole agency period / tenant find by landlord – administration fee | £150 |
| Paper copies of statements of account | 1.2% of monthly rent |
| Attendance at Court/Tribunal | £75 per court appointment |
| Service of notice (RHW16) | Included in management fee |
| Service of notice Rent Arrears (RHW20) | £50 |
| Wait at property for contractor | £60 per hour/part thereof |
| Annual Tax Return Statement | £30 |
| Maintenance Handling – administration fee* | £15 added to total invoice cost |
| *subject to letting agreement type | |
| Interim Inspection | £50.00 |
Tenant Fees(for any tenancy started or renewed after 1 September 2019)
| Description | Fee (all stated are inclusive of VAT) |
|---|---|
| Refundable Holding Deposit | Equivalent of one weeks rent |
| Late payment fee | Payable when payment is 14 days overdue at 3% above the Bank of England base rate. Calculated on a day-to-day basis from the day upon which it became due down to the date of payment |
| Pet deposit (addition to bond) | £100 per pet |
| Payment methods | i) Holding deposit – debit/credit card ii) Initial rent / deposit – debit/credit card iii) Monthly Rent payments – standing order. Card payments are also accepted, however due to clearance times this should be paid 5 working days before your due date |
| Payment on increased insurance premium | Payable for any action taken by the tenant that results in increased insurance premiums. Payment options will be discussed depending on the amount. Evidence of said increase shall be provided to the tenant should the situation arise due to the tenant’s default. |
This information can also be downloaded from here.
Equality & Diversity
Asset Estates Ltd is committed to equality for all people. Asset Estates Ltd is committed to operating in accordance with the 2010 Equality Act
To view or download our equality and diversity policy please click here
