More Information – Keystone

More Information

The secret of our success is that all of the people at Keystone are very experienced in all areas of property management.

Tenant Deposit Scheme

With effect from the 6th April 2007 all tenant deposits have to be registered with an approved Tenant Deposit Scheme. If the deposit is not registered you will not be able to repossess your property and can be fined 3 times the deposit.

Rent Arrears

We believe that our strength is our proactive approach to getting the rent paid. However rent arrears will happen and we will actively chase the tenant all the way to the notice to quit stage. Once the statutory notice to quit has been served then all further legal action is the Landlord or his Solicitor's responsibility. We will of course assist your Solicitor with any information he may require.

Buildings Insurance

It is the Landlords responsibility to ensure that the property has the adequate buildings insurance (contents insurance if applicable). If the property has a mortgage the Mortgage lender usually wants to know that you are letting the property.

Furnishings

Furnished property must have furniture that complies with all the most recent fire regulations. Electrical appliances left in the property should be checked. Smoke alarms are also recommended. If an inventory is necessary a charge of £60 will be made.

Gas Certificates

By law (Gas Safety Regulations 31st October 1994) it is the Landlords responsibility to ensure that the property has a current gas safety certificate. The gas safety certificates are renewed every year. The maximum penalty for failure to comply with the Regulations is a fine of £5000 or possible prison.

Guaranteed Rent

We are affiliated to Letsure and can organise rent or property insurance for you. We have leaflets in the office should you require further information.

Additional Fees

We charge the tenants an arrangement fee of £70 per successful application. This covers the extra cost involved in the new tenants deposit scheme. For any SERVICE not included in the To let Option or Full Management, such as, liaising with surveying firms and accompanying them to the property or written rental valuations or dealing with specialist contractors we charge £30 per hour. We will of course, discuss the likely fee with you before hand.

FULL MANAGEMENT OPTION

TENANT

On the date of occupation we will accompany the tenants to the property to:

Familiarise them with the property, i.e. location of stop taps, fuse box, operation of central heating system etc.
Take gas/electric meter readings.
Advise them of their responsibility for the council tax, water, bins, utility bills etc.
Compile and agree an inventory with the tenant and any special instructions from yourself.
Take photographs of the property and provide a CD.

TENANCY AGREEMENT

The Tenancy Agreement and associated information is handed back to the Landlord together with a CD containing pictures of the property, the keys and the tenants first months rent and deposit. Once this information is handed over our involvement in this property ends and the Landlord manages it from that point onwards.

It is up to the Landlord to register the tenants deposit with an approved TENANT DEPOSIT SCHEME. We can provide advice on the types of Tenant Deposit Scheme is available if required.

NOTE

Please be advised that after 6th April 2007 a landlord cannot give notice that he is repossessing the property at the end of the tenancy until he has protected the deposit and told the tenant how it is protected. Dept. Communities and Local Government.

For any queries, questions or advice please do not hesitate to get in touch

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