Landlords FAQ's

Why choose Place 2 Let Property Management?

Why is our office well located?

How do we promote your property?

Do you charge to provide an initial valuation?

Are there any 'up-front' fees?

What happens when you find a prospective tenant?

What is a ‘Rent Guarantee’?

How much do you charge for Full Management?

How much do you charge for let only service?

What happens when you let my property?

Why use a letting agent?

Can you help me improve my property?

What is HMO and can you help with 'HMO' licensing?

Can you arrange insurance?

I like Place 2 Let Property Management - What do I do next?

Why choose Place 2 Let Property Management?

We are a professional, friendly team who will deal with your property on a personal basis. Many letting agents are unregulated and require no professional qualifications, we were established in 2005 and our staff have years of experience in the property business. Qualified staff can offer advice and guidance to Landlords on all aspects of letting, being a member of the The National Approved Letting Scheme (NALS).

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Why is our office well located?

Place 2 let is situated in a very popular and busy area in the centre of the Fylde. We are highly visible on the main thoroughfare and are in the center of the South Shore Area. We have a constant demand from prospective tenants who are relocating to Blackpool or already working in the town center. Accommodation is sought in all areas of the Fylde and we register enquiries to match suitable tenants with properties, as and when they become available. You will see our website has an enquiry service that advises prospective tenants of properties matching their needs. Our office is open to the public from Monday to Friday 9.00am – 5.30pm and Saturday 9.00am – 3.30pm for telephone and personal enquiries.

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How do we promote your property?

We publish a property list that is up-dated daily and can be collected, posted, faxed or emailed to prospective tenants. In addition, our listings are in the Property Section of the Gazette on a weekly Basis. Our prominent window display can advertise your property, including colour photographs. As well as being included on our website, www.place2let.co.uk, which is continuously updated, has a contact service and includes photographs, maps, a floor plan and full details, your property will also be automatically added to the following popular website, with photographs www.rightmove.co.uk.

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Do you charge to provide an initial valuation?

There is no charge and we will be happy to visit your property at a mutually convenient time to advise on the likely rental income that can be achieved, and answer any questions which may arise regarding the letting of your property. These may include: -
  • Liability for Income Tax.
  • Legal requirements relating to current fire safety regulations for furniture.
  • Legal requirements relating to gas and electrical appliances/installation.
  • Obligations to current gas, electrical and telephone rental suppliers.
  • Responsibility for the payment of Council Tax. Any further issues can be raised prior to or during the first visit.

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Are there any 'up-front' fees?

No if you decide you wish us to manage your property, we will send a form for you to sign, which appoint us as agents. No fees are payable at this stage and from this point, we offer the following service:
  • Adding your property details to our list, which is up-dated on a daily basis.
  • Inclusion in our window display, including colour photographs where available.
  • Arranging for a To Let board.
  • Full internet advertising on www.place2let.co.uk & www.rightmove.co.uk.
  • Other advertising including press lineage or block ads may be offered at our discretion.
  • Arranging accompanied viewing's with prospective tenants.

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What happens when you find a prospective tenant?

We do the following:
  • Carry out a detailed reference and credit check on the proposed tenant.
  • Prepare a detailed inventory including extensive photos of the property, for agreement with the tenant.
  • Take meter readings and notify all relevant service organisations (with the exception of your telephone line supplier and TV licence). We will also advise the local authority regarding responsibility for payment of Council Tax.
  • Arrange payment of the first months rent, together with a holding bond (this is usually equivalent to a months rent).
  • The deposit is held by us in a separate account (TDS) and refunded only when the property and inventory have been checked and we are satisfied it is in a proper condition for return.
  • Prepare all necessary tenancy agreements and specified notices in accordance with the relevant Housing Acts.
  • Arrange the move in as quickly as possible to maximise rental potential of the property
  • Arrange a full inspection after one month of occupancy

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What is a Rent Guarantee?

Place2let provide the initial 6 months Rent Guarantee FREE of charge on any new tenant which is re-newable by the landlord after the first 6 months. All tenants are subject to reference, unless otherwise agreed by the landlord. We employ the services of a referencing company, who on satisfactory reference will provide a rent guarantee to Place2let, they will cover the monthly rent with no excess period and all legal expenses.

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How much do you charge for Full Management?

When a suitable tenant is found and all reference enquiries have been checked satisfactorily, a move in will take place and we will then charge a Finders Fee which equates to 2 weeks rent plus VAT, deductible from the first month's rent. Unlike many other agencies, there are no additional charges for rent guarantee, internet and window advertising, 'To Let' boards, viewing's, lease preparation, inventories etc. Our monthly management fee is simply 10% plus VAT for one property or a sliding scale for landlords with a portfolio. Please see page 2 of our landlord terms and conditions for more details.

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How much do you charge for let only service??

We provide the same marketing service as the full management package up until the tenant moves in. From this point, the tenant will then deal with the landlord throughout the tenancy and the landlord will place the deposit in the government scheme. It is important to note, however, that if you have a mortgage on the property, your mortgage lender may insist that an agent manages the property. This service will be charged as a 'one-off' fee equivalent to 3 weeks rent plus VAT.

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What happens when you let my property?

Inclusive in our monthly fee, we arrange:
  • The collection of rents and undertake to pass on all monies due to you, by cheque or by BACS into your nominated bank/building society, within three working days of receiving cleared funds.
  • To pursue slow payers or rent arrears where necessary.
  • To deal with all day-to-day matters, ensuring the tenancy runs as smoothly as possible.
  • The payment of emergency and/or routine maintenance and repairs (up to a pre-arranged amount - usually £100.00 excluding VAT, please see landlord agreement form) deductible from rent monies received.
  • To provide monthly rental income statements.
  • To carry out inspections to verify that the condition of the property and furnishings are being maintained.
  • To arrange lease renewals and extensions.( Additional fees may become due for this service.)
  • To arrange for service of Notices to Quit, where necessary.
  • To check the property and inventory of contents at the expiry of a lease and arrange any deductions to be made from the deposit.

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Why use a letting agent?

The reasons for using a Letting Agent are for the safety, security and expertise that a professional nationally approved letting agent like ourselves would bring to a landlord. The nature of our business means that we will hold money on behalf of tenants and landlords. Because of the position of trust this places us in, it is this firm's philosophy to offer additional protection for our customers. We are members of The National Approved Letting Scheme NALS which is an accreditation scheme for lettings and management agents offering peace of mind to landlords and tenants in knowing that they are dealing with a firm which agrees to meet defined standards of customer service, together with having in place the necessary insurances to protect clients' money.

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Can you help me improve my property?

This era of the 'Buy to Let' has raised the standards expected by tenants making the marketplace more competitive. We will visit the property FREE of charge and advise of any refurbishment or alterations which we feel would help in renting your property. The landlord can then undertake the advised programme of work or we as a company  can organise and arrange for our tradesmen and contractors to improve your property quickly and with minimal loss of 'letting time'. TV programmes such as 'The House Doctor' etc. which demonstrate how improvements from a coat of paint to a complete makeover can vastly change the appearance of your property and its attraction to prospective tenants. By renting your house with Place 2 let potentially frees you from the hassle of writing specifications, obtaining quotes and the organisation of tradesmen. We will manage the entire project, ensuring that costs are only incurred with your prior authorisation.

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What is HMO and can you help with 'HMO' licensing?

HMO—(House in Multiple Occupation) The Civic Government (Scotland) Act 1982, introduced HMO licensing by local authorities for houses occupied by unrelated people, a requirement that subsequently became mandatory from October 2000. The regulations are intended for those properties to ensure that specific standards for safety and accommodation are met and maintained. See for www.blackpoolcouncil.gov.uk to download specific details from their website.

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Can you arrange insurance?

We can offer advice and obtain quotes, free of charge, on all types of building. Please ask if you require advice on this.

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I like Place 2 Let Property Management - What do I do next?

If you would like to arrange an initial valuation, with no obligation, or if you would like to discuss any further aspect of letting or management, please do not hesitate to contact us.

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