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Landlords

The number of properties in the private rental sector is set to grow in the coming years, with an increasing demand from tenants for quality let property in Portsmouth, Southsea and the surrounding areas. This presents landlords with an exciting opportunity.

 

The buy-to-let experts at Christies are ready to help landlords enjoy property as an investment - irrespective of whether the landlord is a complete novice, accidental landlord or portfolio investor. Many of our existing landlords opt for our full management service - it’s been created to allow landlords a truly ‘hands off’ property investment experience, with Christies taking care of the day-to-day management of the let. We also offer pre and post tenancy administration services.


Our unrivalled knowledge of the Portsmouth rental market and strong sales division is complemented by our ‘go-to’ status among tenants and our fully resourced property management team. Our lettings service can be ‘end to end’, if required. We help landlords make astute buy-to-let purchases, suggest value-enhancing changes, find fully referenced tenants, and manage lets so they are legally compliant and high yielding. We can also advise on portfolio expansion, buy-to-let mortgages and asset disposal.

We are upfront about our charges so you know exactly what you are paying for.

The charges you pay as a landlord may depend on the type of property you are letting, but we have provided a comprehensive breakdown of the fixed charges to give you an idea of what you can expect.

 

Residential Management Service Agreement

Our service includes 

  • The appropriate marketing of your property.
  • Arranging viewings of the property with prospective tenants.
  • Referencing potential tenants.
  • Preparing a tenancy agreement.
  • Preparing an inventory and schedule of condition of the Property.
  • Checking the tenant into the property and agreeing the inventory and schedule of condition of the property with the tenant.
  • Checking the tenant out of the property to agree the inventory and schedule of condition and assess any dilapidations.
  • Obtain a deposit from the tenant and hold it as stakeholder under the terms of the Deposit Protection Service (DPS) for the duration of the tenancy.
  • Paying rent received by the tenant to the landlord once a month.
  • Providing the landlord with a statement of income and expenditure once a month.
  • Arrange routine repairs.
  • Advising utility companies and council tax authority about change of occupiers.

 

Monthly Residential Management Fee

11% plus VAT of the gross rent payable under the terms of the tenancy.

 

Additional Non-Optional Fees and Charges 

  • A setting up fee of £360 inclusive of VAT for the creation of the initial tenancy.
  • A fee of £108 inclusive of VAT for the creation of second and subsequent tenancies agreements (contract renewal).
  • Ingoing Inventory depending on the size of property.
  • Check out will be carried out against the inventory at the end of the Tenancy the cost for this is £150 inc VAT for 3-4 Bedrooms and £50.00 for each room thereafter

 

Optional Charges

Christies can arrange for an Energy Performance Certificate to be prepared for your property at a cost of £45 inclusive of VAT.

If you have any questions on our fees, please ask a member of our staff.

Independent Redress is provided by: The Property Ombudsman (TPO).

 

Tenancy Find Only Service

Our fees are 60% inclusive of VAT of the first rent payable under the terms of the tenancy, subject to a minimum fee of £600 inclusive of VAT.

Our service includes;

  • The appropriate marketing of your property.
  • Arranging viewings of the property with prospective tenants
  • Referencing potential tenants.
  • Preparing a tenancy agreement.
  • Checking the tenant into the property and agreeing the inventory and schedule of condition of the property with the tenant if provided.
  • Obtain a deposit from the tenant and pass to yourselves to lodge in the relevant scheme for the duration of the tenancy.

If you’re curious about residential lettings in Portsmouth - contact the Christies lettings team today. Ask us about a free valuation of a property you own.

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