The services we offer our Landlord clients are optional on a five tiered basis:-

a) Self Property Management Service

b) Financial Management Service

c) ‘Standard’ Management Service

d) Property Management Plus Service

e) ‘Optimum’ Management Service

If you are a new 'Buy to Let' investor with your first property or alternatively an experienced property portfolio landlord, its probably prudent & wise to consider using the services of Residential lettings Agent.

Agents work on behalf of landlords to firstly aim to maximise their rental income by achieving the best possible rental yield, secondly they aim to avoid any unnecessary void periods when your property is untenanted. They also should be in a position to provide sound technical advice and administrative support regarding any issues that arise regarding your property.

The Victor Michael Residential Lettings department have numerous years of experience in providing residential letting services, these services are more fully defined below:                                                          

Why Choose Victor Michael

We have the heritage and pedigree of over 33 years of knowledge and experience, and more importantly our success, professionalism and communication skills are second to none

Accurate Rent Valuations

Before we meet the landlord and attend the property, we will do our research and obtain a range of local property comparables from varied property sources, this will take into account the location, type of property, size , construction and local amenities . 

Marketing Your Property

Once we have agreed a rental figure with the landlord, we can set about marketing the property using online and traditional marketing campaigns. Over 85% of the property lets start on line, in this instance, we use Rightmove and On The Market property portals to maximise your property details, reaching the widest audience possible. We also use social media sites to provide instant access to potential renters. Finally we still use traditional estate agency boards and direct marketing campaigns by leaflets, brochures and SMS text messaging, to mention but a few.                                                                             

The fees Victor Michael charge are competitively priced compared to our competitors, please consult with our lettings consultant that will explain our full range of fees.   

Landlords statutory Legal Obligations

To Maintain and repair the property (Section 11 Landlord & Tenant Act 1985).

To give their address (Sections 1 and 2 Landlord &Tenant Act 1985, Sections 47 & 48 Landlord and Tenant Act 1987).

Not to harass or unlawfully evict the tenant ( Protection from Eviction Act 1977 ).

To give the tenant the required notice when seeking procession (Housing Act 1988 (as amended) and Protection from  Eviction  Act 1977).

To ensure that the furniture and furnishings comply with the Furniture and Furnishings (Fire) (Safety) Regulations 1988 (as amended).

To ensure that the gas and electrical appliances and supplyare safe (Gas Safety (Installation and Use) Regulations 1998 and Electrical Equipment (Safety) Regulations 1994).

To commission an EPC before marketing of the property begins, to use all efforts to obtain the EPC within seven days or 21 day extended period, and to provide the EPC to the eventual tenant free of charge.

For further information please visit our Legal pages - http://www.victormichael.com/legal 

Pre tenant Qualification

We pre-qualify all our potential tenants, prior to viewings, by asking simple questions regarding there financial and personal situations, this will include employment questions including there annual salary, how long have they worked for the company, where they are presently living, and many more. We like to ensure our tenants can firstly afford to rent your property.

Tenant Viewings

All viewings of your property are conducted by a  Victor Michael Lettings consultant who will accompany the prospective tenant applicant and show them around the premises, answering any relevant questions about the property and location.

Agreeing a Tenancy With a Landlord

When we take a holding deposit from a prospective  tenant we will inform you of there personal circumstances, we may have two deposits, we will present both, to allow you to make an informed decision with who you wish to proceed with. Once you have made your decision we can than move to obtaining references from our providers.

Referencing

We will ask the tenant to complete a application form which will then be passed to our third party reference providers, who will check personal, financial, employment and previous accommodation records. Once we have the recommendations and confirmation the tenancy can proceed, we can then start preparing the tenancy agreement.

Tenancy Preparation

We will prepare the tenancy agreement usually an Assured Shorthold Tenancy (AST) Housing Act agreement detailing the specific parties and the exact property details including the agreed rental amount and any special conditions agreed. Copies will be given to both the Tenant and Landlord for their records.  

Completing the Process

We will arrange for the tenancy to be executed by the tenant by signing and dating and we will then sign on behalf of the landlord, we also serve a section 21 notice on the tenant in line with the break clause and tenancy expiration date. At this point we will take full payment by cleared funds and pass across copies of the properties keys. Depending 

Choice of Service

Depending on the service you have chosen, our partial service will stop here once we have accounted and sent a financial statement to the landlord, however if you require a more bespoke service please refer to our services overview below to gain a full understanding of what we can provide.

Quick links:        -  Rent Guarantee Insurance           -   Buildings & contents Insurance           - ARLA Renting property information           - Client Money Protection Certificate          - Tenancy Deposit Scheme Certificate          - How to Rent Easy Read 2021          - How to Rent Guide December 2020