QT Homes Lettings Ltd provides property letting and management services to landlords wishing to let out their properties. Whether you’re starting out in property investment and are not sure where to begin, or you’re an experienced landlord with a large portfolio that you just don’t have time to manage – we can help.
We offer three different service levels for property management for landlords, so you can choose the package to suit your requirements and budget.
‘Fully Managed’ is our all singing, all dancing premium service level 3.
Fully Managed is our premium service level option in which we take care of every aspect of your letting, from start to finish, and everything in between. You don’t have to worry about anything, we’ll find the tenants, manage the day-to-day, collect the rent, take care of all paperwork and finalise the tenancy once it comes to an end, so you can just sit back, relax and wait for the money to come in.
With our Fully Managed package, you get all the benefits included in our Tenant Find and Managed service level options, plus a whole host of additional services, such as arranging EPCs and LRAs, gas and electrical certificates and even a rent guarantee.
The standard fee for the Fully Managed (residential AST’s only) service is 15% VAT of the monthly rental income, plus a set-up fee at the start of the tenancy agreement of 50% VAT of the first month’s rent (minimum of £450 VAT).
For company lets, the fee is 20% VAT of the monthly rental income, plus a set-up fee at the start of the tenancy agreement of 50% VAT of the first month’s rent (minimum of £450 VAT)
QT Homes Lettings Ltd provides property letting and management services to landlords wishing to let out their properties. Whether you’re starting out in property investment and are not sure where to begin, or you’re an experienced landlord with a large portfolio that you just don’t have time to manage – we can help.
We offer three different service levels for property management for landlords, so you can choose the package to suit your requirements and budget.
Tenant Find is our introductory service level 1.
As the name suggests, Tenant Find mainly takes care of the ‘finding a tenant’ element of your property letting. Finding the right tenant is crucial to your investment and your experience as a landlord. The quality of the tenants can make all the difference to the success or failure of your venture. As property investors ourselves, and with years of experience in the industry, we are committed to helping you succeed as a landlord. Remember, we will treat your home as if it were one of our own, and this means we will only recommend tenants we would be happy to accept into one of our own homes.
You can get the peace of mind offered as part of our Tenant Find service for a one-off payment of 50% of your first month’s rent (minimum of £350). So you pay nothing until your new tenant is in and paying.
Viewings are an additional £100.
You might want to add a written and photographic inventory for an additional cost of £125. This form of comprehensive inventory can be very useful later down the line, especially if and when your tenants decide to move on.
For a more hands on lettings and management service, you may prefer our Managed or Fully Managed service level options.
QT Homes Lettings Ltd provides property letting and management services to landlords wishing to let out their properties. Whether you’re starting out in property investment and are not sure where to begin, or you’re an experienced landlord with a large portfolio that you just don’t have time to manage – we can help.
We offer three different service levels for property management for landlords, so you can choose the package to suit your requirements and budget.
‘Managed’ is our mid-range service level 2.
With our Managed package, you get all the benefits included in our Tenant Find service, plus we will take care of a good deal of the day-to-day management of your property. While renting a property can be a great way to invest your money, it can be fairly time consuming. By letting us take care of some of that, you can get on with other work, other projects, or simply spend more time just enjoying life! With our
Managed package, we will collect rent, deal with tenant enquiries and arrange repairs and maintenance, to name just a few of the benefits of this service.
The standard fee for the Managed service is 12% of the monthly rental income, plus a set-up fee at the start of the tenancy agreement of 50% of the first month’s rent (minimum of £350) and an annual fee of £100.
You might want to add a written and photographic inventory for an additional cost of £125. This form of comprehensive inventory can be very useful later down the line, especially if and when your tenants decide to move on. You could also add a Tenancy Check Out service for an extra £125.
This is our mid-level package but if you would prefer to sit back and relax while we take care of everything, then our Fully Managed service option could be for you.
If you’d like one our specialist managers to conduct a valuation or review of your property, please click here to request a free valuation.
We bly advise our Landlords to carry out a full inventory for each separate tenancy. The purpose of checking an inventory is to establish damages which can only be done if descriptions and conditioning remarks are sufficiently detailed at the commencement of the tenancy and then at the end of the term.
Under the terms of the tenancy agreement, the tenant is required to return the property and contents at the end of the tenancy in the same condition as they were at the commencement, fair wear and tear accepted. It is almost impossible to ascertain whether damage was caused during a tenancy without a proper inventory signed by all relevant parties.
If instructed we will arrange a professional inventory and check in on your behalf, the cost of which is borne by the landlord. The tenants are responsible for paying for the check out.
If the landlord has a mortgage, it is normal for mortgagees to require notification of any proposed lettings and the landlord should seek their initial consent. In the case of leasehold premises the consent of the Head Lessee of Freeholder will be required. The landlord should also advise his insurance company of the proposal to let the property as this could either invalidate the insurance altogether or increase the premiums. You should obtain written documentation of these consents prior to letting.
The tenant will be responsible for the payment of gas, electricity, water, telephone, council tax and television licence. (Unless otherwise agreed and stated)
As the landlord you are still responsible for the payment of service charges and ground rent in leasehold properties and buildings insurance on Freehold properties.
Under the Taxation of income from Land (non residents) Regulations 1995, the rent receiving agent (or where there is no agent, the tenant) will be required to deduct an amount equivalent to Basic Rate Tax from the rent (after taking deductible expenses paid by the agent into account) and pay the balance to the Inland Revenue each quarter.
However, the overseas landlord can apply to the Inland Revenue for exemption from this requirement. Provided the landlords tax history is good and tax affairs are up to date, the overseas landlord will be issued with a certificate that will be sent to his rent receiving agent. This will authorise the agent to pay the rent to you with no tax deducted.
We can provide you with an NRL1 form which you must complete and send to the Inland Revenue. Neither your rent receiving agent nor your tax advisor can file this application for you – it must be done by you.
Failure to return this form in time may result in the exemption certificate not being issued before the payments become due. We would have no alternative but to make the required tax deduction before paying the rents to you.
Our company are not tax advisers so if you are unsure as to how the above will affect you, you would be advised to speak to an accountant or professional tax advisor.
Any Non resident Landlord Tax payments deducted by us, in the first quarter can be refunded, if the exemption certificate is in our possession before the first quarter has ended. Any deductions after the first quarter can only be reclaimed after the first year has ended. Any refunds due after the first quarter are made by the Inland Revenue.
Most tenancies are classed as Assured Shorthold Tenancies. Under the Housing Act 1998 (as amended 1996) landlords have more rights to possession than with tenancies commencing prior to the Acts and procedures for possession are now quicker and simpler (provided the process is carried out correctly).
There is no minimum period for an Assured Shorthold tenancy; however we recommend that the tenancy is for not less than six months.
Most tenancies are drawn up for a period of twelve months, some have break clauses. A break clause allows either party to terminate the agreement with two months notice after an initial period of four months the notice may be served. We will be happy to discuss the pros and cons of different time periods with you.
Our staff have been trained and receive ongoing training on the various legal aspects of letting including safety regulations, tenancy agreements and clauses, possession and have vast practical experience. They will be happy to discuss any questions you may have regarding more detailed legal matters.
The relationship between Landlord and Tenant can sometimes have its “ups” and “downs” and the need for a professional agent is paramount in closing any divide to allow for a smooth and enjoyable property experience for all parties concerned, whether you are a Landlord or Tenant you are best advised to conclude your property transaction via a reputable agent.
Tenancy law is now far better regulated than ever before with balanced rights for all parties, tenants holding deposit held in Approved Scheme and are returned at the end of the tenancy subject to the property being returned in the manner it was taken and subject to there being no outstanding bills relating to utilities etc. The lettings market has grown immensely due to the increasing Buy to let market and with an increase to new build added to the marketplace the level of quality has improved greatly.
Package 1
You can get the peace of mind offered as part of our Tenant Find service for a one-off payment of 50% of your first month’s rent (minimum of £350). So you pay nothing until your new tenant is in and paying.
Includes:
* Viewings are an additional £100
Package 2
Includes:
Package 3
£450 ( + 10% monthly rental income)
Includes:
Package 4
The standard fee for the Fully Managed service is 12% of the monthly rental income, plus a set-up fee at the start of the tenancy agreement of 50% of the first month’s rent (minimum of £450) and an annual fee of £100.
Includes:
Services at Additional Costs
Unless stated in the QT Homes packages as included in the price, services that you may require will incur and extra charge:
Hourly rates will be rounded up to the nearest hour. Any paperwork or staff involvement not listed above and not commented on within our terms and conditions will be charged at £25 for each and every document and £50/ hour per member of staff involved/required.
If you require us to arrange anything outside of your chosen package, we will charge 10% on top of the invoice price e.g. an Energy Performance Certificate is £50 and we will charge £5. Your total invoice will be £55.