Step-by-Step Guide to Letting a Property in London | Fraser & Co

Step-by-Step Guide to Letting a Property in London | Fraser & Co

As leading London estate agents, Fraser & Co understands the importance of providing a comprehensive guide to letting a property in London. We're here to help you every step of the way, whether you're letting, buying or requiring property management services. In this guide, we'll cover everything from legal responsibilities and tenant fees to subletting, property licensing, and tax obligations. Read our full guide here

 

Step 1: Determine the rental value of your property Our experienced team will provide you with an accurate valuation, taking into account factors like location, property size, and local market trends. We can also advise on the rental yield of your property.
Book your rental valuation here

 

Step 2: Prepare your property for letting Our expert letting agents will advise you on any repairs or improvements that need to be made before letting your property. We'll also ensure that your property is clean and in good condition for the new tenant.

 

Step 3: Choose Fraser & Co as your letting agent Choosing the right letting agent is crucial in ensuring your property is marketed effectively and that you find the right tenant. At Fraser & Co, we have a wealth of experience in letting properties throughout London and can provide you with a bespoke service that fits your needs.

 

Step 4: Advertise your property We'll market your property on our website, as well as other popular property portals like Rightmove and Zoopla. We'll also use our extensive network and social media platforms to reach a wider audience.

 

Step 5: Conduct viewings. Our team will handle all viewings for your property, making sure that your property is clean and presentable for each visit. We'll also provide feedback on each viewing to keep you informed of any potential tenants.

 

Step 6: Choose a tenant. We'll help you choose the right tenant by conducting thorough credit checks and referencing. We'll also ensure that all tenants sign an assured short-hold tenancy agreement that covers all legal responsibilities.

 

Step 7: Sign the tenancy agreement. We'll ensure that the tenancy agreement is legally binding and covers all necessary terms and conditions, including the rent, deposit, and length of the tenancy. We'll also ensure that the agreement complies with the Tenant Fees Act.

 

Step 8: Complete the inventory We'll create a detailed inventory of your property, including all furniture, appliances, and other items. This will help to protect your property and ensure that any damages are identified and addressed.

 

Step 9: Collect the deposit and rent Our team will handle all financial matters, including collecting the deposit and the first month's rent. We'll also set up a system for collecting rent and dealing with any late payments. We can also advise on your tax obligations as a landlord.

 

Step 10: Hand over the keys We'll hand over the keys to your new tenant on the day they move in. We'll also provide them with a copy of the tenancy agreement and inventory. We can also advise on subletting and property licensing if required.
lease read our Property Licensing Guide Here

 

At Fraser & Co, we're dedicated to providing a comprehensive service to our clients. Whether you're letting, buying, or requiring property management services, we're here to help. Get in touch with us today to find out how we can assist you.
For more information please click here. Or contact a member of our team today