K-Property • Lettings

Lettings An introduction to letting your property and becoming a landlord

Thinking of letting your porperty?

K-Property can find you a tenant quickly, achieve the best rent possible and manage the process seamlessly from start to finish.

Our dedicated lettings team are committed to offering the highest levels of customer care, whether you are letting one property or a portfolio of properties.

Our care and attention will give you complete peace of mind.

All our tenants will undergo referencing and credit checks to help minimise risks and help the let run as smoothly as possible. Our highly experienced team will build a proactive relationship with tenants to ensure that both you and our tenants receive the professional care required, making the whole process a pleasurable experience.

We offer a range of letting services to suit your needs and we will guarantee the same professional service with all.

Management packages Letting your property can be highly profitable - but most importantly, you need to safeguard your interests and those of your tenants. K-Property provides a range of letting and property management services that are designed around your individual requirements.

It may well be you are a professional investor with an existing portfolio, relocating and wish to retain a base or perhaps been unable to sell your property. Whatever your reasons to let your property, you can rely on us to guide you through the whole process.

Tenant Find Only

Tenant Find Plus

Fully Managed

High profile marketing and advertising

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Referencing and financial checks on potential tenants

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Conducting viewings at the property

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Preparation of AT5 Notice and Short Assured Tenancy Agreement

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Preparation of photographic inventory / schedule of condition

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Notify all utilities at the beginning of tenancy

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Notify all utilities at the end of tenancy

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Collection of first month’s rent and deposit

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Transfer of rental income and monthly statements

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Renew the tenancy agreement appropriate notices to end tenancy

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Check out tenant at the end of tenancy

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Useful information Energy Performance Certificate (EPC)

Gas and Electrical

These certificates are for all buildings and are required whenever a building is let. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient and G is very inefficient.

Every property must have an annual Gas Safety Certificate in place before it can be let. We also recommend an annual inspection of all electrical appliances.

Copies of the certificates must be supplied to us before a tenancy can proceed

The EPC is accompanies by a report which details any recommendations to help improve the energy ratings.

Fire Safety Since the 4th of January 2009, the landlord is responsible for ensuring that a valid EPC for their buy-to-let residential investment property is available to all prospective tenants and must be available free of charge before entering into a contract to let.

Landlords who do not have a valid EPC risk being reported to the Local Trading Standards and also the Office of Fair Trading. Penalties include fines of up to ÂŁ5000 and a loss of right to operate.

All soft furnishings (eg. duvet, mattress, sofa, etc.) must confirm to current fire safety regulations. The property must be fitted with smoke alarms.

Mortgage Lender If the property is subject to mortgage, you must inform your mortgage lender that you intend to let out the property and obtain consent to letting the property.

Taxing your property Income Tax If you reside in the UK, then it is your responsibility to inform Inland Revenue of any rental income received an pay any tax due.

Please note that income tax on rental incomes is charged on profit received after the deduction of allowable expenses.

Taxation If you are intending to let your property and your permanent residence is outwith the UK, you may have to pay tax on your rental income. To find our more information, please visit the HM Revenue & Customs website and go to the “Non-resident Landlords� section.

Income tax must be paid on rent received from letting your property. You can offset expenses relating to your property (eg. maintenance costs, agents fees, interest on loans and mortgages, etc.).

We recommend that you employ an accountant or tax advisor to handle this issue as the Inland Revenue treat non-declaration of rental income seriously.

Personal notes Property Details Address

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Expected Rent

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Date Available

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Council Tax Band

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Monthly Rate

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Contact Details Letting Agent

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Phone

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Email

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Additional Notes .................................................................................

Thank you for trusting us with your recent investment. You can rest assured knowing that K-Property will keep you in safe hands.

8 Ettrick Square, Town Centre, Cumbernauld North Lanarkshire, G67 1ND Phone: 01236 455110 Email: katrina@k-property.co.uk

k-property.co.uk