Property Letting

Our Letting Department provides a friendly, professional, and personal service to Landlords looking to find a Tenant whether it be on a ‘Fully Managed’ or a ‘Let Only’ basis. At Mosley Jarman, as an independent agent, we can tailor make a package to suit you. Whether you are an established Landlord, a first time Investor or simply needing to rent to move elsewhere, we can provide valuable advice and assistance from the early stages of purchasing your investment property, find the right tenant for you and del with ongoing property management. With a strong local knowledge of the local rental market current regulations/legislation, we can promote your property in the best possible way.

To help you reach an informed decision, as to which service is most likely to meet your requirements, please see the brief resume of the two services. Please do not hesitate to discuss these further if you have any questions:

For those looking to rent a property we can offer a friendly and knowledgeable service to assist you in finding the perfect home quickly and easily.

Most of our properties are offered on fixed term tenancies from 6 months to 3 years. There may be some exceptions whereby Landlords will require a minimum 12-month tenancy or some that may consider shorter term lets.

All tenancies are subject to the completion of satisfactory references.

To rent a property, our reference agency applies an 'affordability calculator' when reviewing a proposed tenant.

To ensure you can afford a property, if you multiply the monthly rent by 30, this will give you a figure, which must be covered by your income, either solely by one applicant or split between the proposed tenants. e.g., The affordability calculator mentions a figure of £30,000. This can be covered either by one person who earns £30,000, or if it is a joint application for two people, then both applicants can have a combined income of £30,000.

If you are self-employed, your accountants’ details will be required, and three years accounts will be needed.

Upon completing the referencing process, you will be able to confirm a move-in date.

Ahead of your move-in a full inventory of the property will be undertaken and we will also request your first months’ rent and security deposit, which is normally equivalent to five weeks rent.

When making an application for a property through Mosley Jarman, please be aware of the following:

Holding Deposit (per tenancy application)

A Holding Deposit equivalent to ‘one week’s rent’ will be requested once your offer has been accepted - This is to reserve a property. Important Note: This will be withheld if any relevant person (including any guarantor) withdraws from the tenancy application, fails a compulsory Right-to-Rent check, provides materially false or misleading information, or fail to sign their tenancy agreement/Deed of Guarantee on the agreed date. This will be returned if the landlord pulls out of the application.

Minimum age

To be a named tenant on a Tenancy Agreement, the applicant must be 18 years old.

Permitted Occupiers

Anyone under the age of 18, who will be living in the property can be listed as a Permitted Occupier. This means that it is acknowledged that they live in the property. Permitted Occupiers have got no legal rights within the property and as such are not referenced during the application process.

Sole Application

An application made in one individual name.

Joint Application

When two applicants make an application, then the tenants are classed as ‘Joint and severally liable’, which means that both parties are legally responsible for the rent, so one party moves out, but remains on the tenancy agreement, they are both still legally responsible.

In this instance, if one party moves out and wants to be removed from the tenancy, the tenancy would have to be dissolved and re-created in the sole name of the remaining tenant. This would be subject to the remaining applicant/tenant passing the referencing/affordability criteria.

Company Applications

A company can make an application to rent a property to accommodate an employee or employees. This means that the company will be liable for the rent, associated property costs (utility suppliers) and deposit.

With the application being in the name of the company, the application would have to be submitted by one of the company’s named Directors/company signatories. The Tenancy agreement would also have to be signed by the Director/Signatory.

As the tenancy agreement is in the name of the company, the occupants within the property can change during the tenancy period. This is not uncommon, and although the agent will ask the company to keep them informed of any changes, this does not always happen.

References are undertaken on the company.

Where the tenancy is in the name of a company, the agreement would not be an Assured Shorthold Tenancy (AST), it would be a Non-Housing Act Tenancy.

To ensure all potential tenancies are set up correctly, we use the services of a third-party referencing agency to undertake thorough and comprehensive checks on any potential tenants. The checks include:

• County Court Judgments (CCJs)
• Bankruptcies and Insolvency
• Electoral Role Data
• ID Verification
• Bank & Credit Accounts Search
• Residency Confirmation
• Linked Addresses
• Un-Declared Addresses
• Mapped Full Tenant Profile
• Income Verification
• Affordability Check
• Current Landlord Checks
• Current Letting Agent Checks
• Homeownership Check
• Bank Account Verification
• Immigration Check (Right to Rent)

LET ONLY

One months’ rent + VAT subject to minimum £500.00 plus VAT (£600.00).

LET & FULL MANAGEMENT

One months’ rent + VAT subject to minimum £500.00 plus VAT (£600.00) and 10% + VAT of the gross rent for full tenancy term subject to a minimum fee of £50.00 plus VAT (£60)

ADDITIONAL FEES, SERVICES AND CHARGES

Letting & Full Management Renewal of tenancy documents £50 + VAT (£60)

Rent Guarantee & Legal Expenses policy (restrictions apply) - £30 per month for a 12-month policy with no excess

Legal Liaison/Court Attendance £100 plus VAT (£120.00) per hour/part + expenses

Tax Accounting £50.00 plus VAT (£60.00) per quarter

Valuation Letter £50.00 plus VAT (£60.00) per letter

Landlord Withdrawal from Offer £250 plus VAT (£300.00) + Tenant’s incurred costs

ADDITIONAL SERVICES - LET ONLY

Renewal Tenancy Agreement £75.00 plus VAT (£90.00)

Landlord Withdrawal from Offer £250 plus VAT (£300.00) + Tenant’s incurred costs

Inventory Check at outset of tenancy £100 plus VAT (£120.00)

Checkout inspection at the end of the tenancy £75 plus VAT (£90)

Serving of Notices £50.00 plus VAT (£60.00) per notice

Administer deposit registration within the DPS £25.00 plus VAT (£30.00) per tenancy

ADDITIONAL SERVICES – LET ONLY & MANAGED FEE

Energy Performance Certificate £99 No VAT

Annual landlord Gas Safety Inspection £65.00 plus VAT (£78.00) per property

Electrical Installation Condition Report £120 plus VAT (£144.00) per property

Additional Property Visits £50.00 plus VAT (£60.00) per visit

Insurance Claim Administration – 10% of each claimed amount

Sale of a property to the tenant – 1% plus VAT of the purchase price on legal exchange of contracts

ARLA Propertymark is the go-to association for letting agents and a mark of excellence to show to clients and future clients.

Being a member underpins the quality Mosley Jarman bring to the profession where credibility is key. The challenges faced by letting agents have never been greater and our guidance will help you stay up to date amongst the countless proposals, reports, investigations, and legislative changes to the property sector.

Mosley Jarman are a member of Propertymark.

For more details go to their website at www.propertymark.co.uk.

Client Money Protection (CMP) certificate.

Client Money Handling Procedures

There is no legal definition for the criteria of furnished, unfurnished or even part-furnished properties in the UK. These are terms, which have evolved through practice, but there is no industry standard.

As a guide:

Unfurnished - Many tenants, as they are mobile bring their own furniture and prefer to use their own items, particularly beds. Generally, unfurnished means that other than carpets, window coverings (blinds and or curtains) and white goods, the property will have nothing else.

Part-furnished - In addition to the above inclusions, certain pieces of furniture may be left such as a sofa, a table, a set of drawers, but not enough to fully furnish a property.

Furnished - It’s to the Landlords discretion and to some extent negotiation with a tenant as to the standard and amount of furniture provided but furnished is in essence everything needed to make a home liveable.

Gas Safety Check– In accordance with the gas safety (installation and use) regulations 1998 the Landlord is responsible for ensuring that the gas supply to the property, and any gas appliances within, are safe. This must be achieved by having a safety check carried out by a GAS SAFE registered engineer.

Electrical Installation Condition Report (EICR) – In accordance with the electrical equipment (safety) regulations 1994 & the plugs and sockets etc. (safety) regulations 1994 checks should be carried out by a suitably qualified electrician and a safety report issued. This safety check must be carried out at least every 5 years.

Fire Safety – With effect from 1st October 2015 there is a minimum requirement of one smoke alarm on each level of the building and where there is a ‘solid fuel’ burner, a carbon monoxide alarm (CO2) is also required.

The Energy Performance of Building Regulations 2007 - Since 1st October 2008, all properties marketed for letting need a valid Energy Performance Certificate (EPC). The EPC is valid for 10 years.