How much will it cost me to let my property?
The costs involved in letting your property consist of:
Energy Performance Certificate & Gas Safety Certificate
An EPC and GSC, which you will need to make available to prospective tenants no later than 28 days from marketing beginning. JR Estates can arrange an EPC and GSC for you.
Estate agent commission
Your estate agent’s commission fee, which is payable when a tenant is introduced and enters into an agreement to let the property. This is charged as a percentage of the agreed rental price. If we do not rent your property, there will be no charge!
Are there any additional marketing costs?
We will market your property for free, and a fee is only payable if we successfully let your property.
Who will conduct viewings on my property and when will they occur?
We will conduct all viewings on your property at times specified by the current tenant or under your instruction. We offer evening and weekend viewings to accommodate for everybody.
Do I need to be present for viewings?
With your authority, JR Estates will conduct all viewings professionally on your behalf, unless you specify otherwise.
It is worth noting that tenants often feel more relaxed when the owner is not present.
What is an EPC and how long will it be valid?
An EPC (Energy Performance Certificate) measures the energy efficiency of a property using a scale of A-G and is valid for 10 years.
It is a legal requirement for landlords to have a valid EPC before their property is let.
JR Estates can arrange an EPC for you.
What is a GSC and how long will it be valid?
A GSC (Gas Safety Certificate) is carried out by a Gas registered engineer to check pipe work, gas appliances and flues installed at your property are legally safe. This is valid for one year.
It is a legal requirement for landlords to have a valid GSC before their property is let.
JR Estates can arrange a GSC for you.
How much will it cost to have my property managed?
The Property Management fee will be charged as a percentage of the rental price for the duration of the tenancy and is payable upon the tenant signing the Tenancy Agreement. Refer to our Landlord’s section for an outline of the services & costs provided by us.
How much is the tenant’s deposit and what happens to it?
Typically this is four to six weeks’ rent and is payable upon the signing of the Tenancy Agreement. The deposit for an Assured Shorthold Tenancy (AST) will be registered with Mydeposits within 30 days. We protect all deposits on management properties and can protect let-only properties deposits if requested by you.
What does the new deposit scheme involve and how does it protect me?
All deposits being paid by a tenant for an Assured Shorthold Tenancy are registered with Mydeposits within 30 days guaranteeing that any deposit disputes will be dealt with efficiently.
How much does an inventory cost and who is responsible for organising this?
We arrange inventories and this is included in our setup fee.
How can I protect myself from property fraud?
There are a couple of very simple measures which are recommended by both the Land Registry and Action Fraud that you can take to safeguard your property. Information on his can be found here: https://www.gov.uk/protect-land-property-from-fraud
How long does it take to receive my rent once paid by the tenant?
You should receive your rent within 5 working days of the rental due date each month. The due date is typically, although not always, the date on which the tenant moved in.