Fully Managed
We charge a one off fee of £95 once the property is let (towards advertising costs and for the full inventory) then a negotiated percentage of the monthly rent – usually around 10%.
For this fee our service includes:
- An assessment of your property, after which we will: recommend the rental value; upload a photograph and a written description onto our website along with advertising on rightmove, find a property, prime location, gumtree etc (around 200 sites); put up a To Let board at the property and, when necessary, we also advertise in the Derby Evening Telegraph
- Arranging for any work or cleaning that might need to be carried out on the property to bring it up to a good standard. All works are paid for by davison property and deducted from rental income. No charge is made for the arranging of works to be done. Tried and tested contractors are used who all charge very reasonable rates (landlords are always invited to appoint their own contractor or do the work themselves first)
- Advising on issues of property safety e.g. installation of smoke detectors, and arranging for Gas Safety certificates to be done (normally £50) along with EPC’s (normally £50) and Electrical Periodic Inspections etc
- Finding you a tenant who can provide a guarantor. The guarantor has to be a property owner and pass a credit check as well as show they have the ability to pay through earnings (£15,000 pa normally) or savings (£5000 normally). It is most unusual for it to take more than a month to find a tenant; normally it is within two weeks
- Producing the tenancy agreements (we like to get 12 month agreements in place), witness their signing and issue receipts
- Doing a full inventory of the property when the tenants move in, making notes of condition /damage etc with photographs taken to provide evidence if required. The notes are signed by us and the tenant and are used at the end of the tenancy as proof of condition that can be entered to the courts if necessary. Meter readings are also done and all the relevant authorities are informed of the tenancy i.e. Council tax and water
- Collecting the rent (always payable on the first of each month) and paying the landlord by BACS within 24 hours of receipt of rent. Any maintenance charges etc are deducted from the rent and a monthly invoice is emailed to you for your records. All clients’ money is kept in a ring fenced client account
- Providing a seven day a week helpline from 8am till 10pm for tenants and landlords in case of emergency
- Keeping up to date with legal issues and the local authority’s policies making sure the tenancy agreements issued are correct. Our lawyers review our agreements annually
- Inspecting the properties half way through each tenancy
- Contacting the tenant two months before the end of the tenancy to see if they want to renew, if not, this gives us time to advertise the property enabling back-to-back agreements. It is very rare for us to have a property empty once we are fully managing it
- If tenants are late with rent we have a very strictly adhered to policy; phone calls within the first few days, friendly reminder at 5 days late, Notice Before Action letter at 10 days and County Court case initiated at 20 days. If Section 8 or section 21 notices are required for possession we issue these on behalf of the landlords. We do not charge our landlords for any of these services including attending court
Tenant find only
- We prefer to fully manage properties but are happy to provide ‘tenant find only’ for around £250. Please contact us to discuss this as this can be less if we do not have to advertise for a tenant
