Resend my activation email : Register : Log in 
BCF: Bike Chat Forums


Letting a house without an agent?

Reply to topic
Bike Chat Forums Index -> Dear Auntie BCF...
View previous topic : View next topic  
Author Message

t121anf
World Chat Champion



Joined: 23 Feb 2007
Karma :

PostPosted: 19:13 - 19 Jun 2009    Post subject: Letting a house without an agent? Reply with quote

anyone do this?

i need to know the bare minimum of documents etc you require, what you do should the tennent not pay etc.

my dad has a house to let but is being cheap, no surprice there lol and seems unwilling to accept the letting agents charges.
 Back to top
View user's profile Send private message You must be logged in to rate posts

scorps
World Chat Champion



Joined: 29 Jan 2007
Karma :

PostPosted: 19:59 - 19 Jun 2009    Post subject: . Reply with quote

he can download for a small fee, a tenancy agreement document which is okay, he needs references, a credit check is a good idea too. oh and the months deposit, he should out that in a seperate account so if the tenants move out they get the interest etc.

Not all tenants are bad, we would love a landlord that actually makes an appearance, we now just sort any repairs out ourselves and deduct it from the rent, hes useless, no agreement, no nothing just gets paid every month, suits us all though for now.
____________________
Do not presume that I am male.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Scouse
World Chat Champion



Joined: 12 Feb 2004
Karma :

PostPosted: 20:24 - 19 Jun 2009    Post subject: Reply with quote

He can download FOR FREE a tenancy document online. Have a look here - https://www.landlordzone.co.uk/

From there you get tenancy references (which are pretty much very much based on trust and can easily be faked). As for credit check you can contact their employer and request details of proof of employment. (again this is based on trust that they provide official details)

Deposit now has to be put into a government scheme to ensure fairness when it comes to the tenant vacating the property.

Tenancies usually run for a 6 month minimum at first, followed by an automatic renewal of another 6 months thereafter. From there after 12 months it is down to a month by month basis without written contract.

Best thing a landlord can do is to call ( on the phone ) once a month and check if things are ok, any problems and anything required with regards to upkeep. Landlords have a tough time with rules and regulations with regard to contact and bothering tenants so one phone call a month seems to be a reasonable thing.

Should a tenant miss a payment, then you record this and use the deposit taken to cover it. (A deposit is usually one or two months rent amount.)

It takes 2 months or maybe slightly longer to remove a tenant through the legal process, so treading carefully when vetting is advised.

I would look up plenty of official legal stuff online if you can to get the full details, but if you get the right tenants you shouldn't have any issues.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

TheFoxyDuke
Nitrous Nuisance



Joined: 11 Mar 2009
Karma :

PostPosted: 07:55 - 20 Jun 2009    Post subject: Reply with quote

I used to rent a flat out several years ago and Scouse is correct - you can download the necessary documents for free. WHSmiths also sell the documnets and rent books etc.

To be fair they didn't have the government scheme when I let out, and some of my tenants were receiving housing benefit which was paid direct to me. That was OK getting a guaranteed cheque every fortnight but i now believe it is paid to the tenant and theyhave to pay you. I can imagine this being a nightmare if they are troublesome which you don't really know until they move in Rolling Eyes

I had tenants destroying the fixtures and fittings, subletting, and faking burglaries to get the insurance. Absolute nightmare. Also I recall booting several knackers out on to the street for non-payment of rent regardless of whether they had a tenancy agreement or not. Just waited until they'd gone out and changed the locks. i was much braver / stupid back then Embarassed

For the extra cost I would let a company deal with all the hassle and just sit back and collect the moolah Wink

FoxyD
____________________
Currently : Ducati Monster S4R 2005, 996cc, Blue with Corse stripe, Open Carbon Clutch Cover (TokaTokaTokaToka), Marchesini 5 Spoke Wheels, 117BHP.
Wanted : Ducati 749S 2005 onwards.
Rate my Posts, You Sons of Bitches!
 Back to top
View user's profile Send private message You must be logged in to rate posts

G
The Voice of Reason



Joined: 02 Feb 2002
Karma :

PostPosted: 11:11 - 20 Jun 2009    Post subject: Reply with quote

TheFoxyDuke wrote:

For the extra cost I would let a company deal with all the hassle and just sit back and collect the moolah Wink

Back when I was renting out a place as well as in rented accommodation myself, unfortunately I had half-decent agents that were renting to me and entirely useless agents dealing with the place I was renting.
I'd say that generally the rather large amount you pay isn't worth the relatively limited services they offer.
 Back to top
View user's profile Send private message You must be logged in to rate posts

hmmmnz
Super Spammer



Joined: 22 Aug 2006
Karma :

PostPosted: 01:09 - 29 Jun 2009    Post subject: Reply with quote

we rent our place in scotland out, (we are in nz now and still have the house over there) initially we did all the work ourselves before we left and got tennants in, but they left in a short space of time (after we left the uk) so had to get an agency in, they were crap and we went through another 2 lots of tennants (and had to pay stupid amounts of finders fees ect + the percentage we had to pay every month) now we rent directly to the council for 3 year garunteedc income and after that time they put the house back to exactly how it was, with the option for another 3 years if we want it (funnily enough they pay us more than what we were getting for tennants when we were running it our selves)

rent furnished either fully or partically, squatters law is still in effect, and if the house is empty, and they decide not to pay, you could end up with a lot of bother
____________________
the humans are dead
I kick arse for the lord
Wiring Diagrams BIDNIP it bitches
 Back to top
View user's profile Send private message You must be logged in to rate posts

tribal_tiger
World Chat Champion



Joined: 29 Mar 2005
Karma :

PostPosted: 07:18 - 29 Jun 2009    Post subject: Reply with quote

We rent privatly. We met our landlord when he came to do some plastering in the last place we rented!

He just got a "Landlords Kit" from WH Smiths which had all the required documentation in it.

He didn't ask for any references as he saw how we kept the last place we lived, and he still does some work for our old landlord, so neither of us told the old landlord where we were moving to!

If we have a problem we just give him a call. Job's a good un!
____________________
How much wood would a woodchuck chuck if a woodchuck could Chuck Norris?

All of it.
 Back to top
View user's profile Send private message You must be logged in to rate posts

map
Mr Calendar



Joined: 14 Jun 2004
Karma :

PostPosted: 10:23 - 29 Jun 2009    Post subject: Re: Letting a house without an agent? Reply with quote

t121anf wrote:
...my dad has a house to let...seems unwilling to accept the letting agents charges.

FWIW last year when I looked into this the letting agent fees could be offset against tax.
As you have to declare the rent etc. to the taxman then from what I could gather you got the letting agent for free (no tax paid). With that and the other tax offset charges for decoration, renovation, etc. it'd be worth looking into. From what info I gathered, using an agent could save hassle further down the line.

However, it's worth interviewing the agents for the services they provide rather than just going for the cheapest.

Just my thoughts though.
____________________
...and the whirlwind is in the thorn trees, it's hard for thee to kick against the pricks...
Gibbs, what did Duckie look like when he was younger? Very Happy
 Back to top
View user's profile Send private message Send e-mail Visit poster's website You must be logged in to rate posts

t121anf
World Chat Champion



Joined: 23 Feb 2007
Karma :

PostPosted: 12:14 - 29 Jun 2009    Post subject: Reply with quote

as this is his first rental property i'm pushing him towards an agent

only hope he listens.
 Back to top
View user's profile Send private message You must be logged in to rate posts
Old Thread Alert!

The last post was made 16 years, 224 days ago. Instead of replying here, would creating a new thread be more useful?
  Display posts from previous:   
This page may contain affiliate links, which means we may earn a small commission if a visitor clicks through and makes a purchase. By clicking on an affiliate link, you accept that third-party cookies will be set.

Post new topic   Reply to topic    Bike Chat Forums Index -> Dear Auntie BCF... All times are GMT
Page 1 of 1

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum

Read the Terms of Use! - Powered by phpBB © phpBB Group
 

Debug Mode: ON - Server: birks (www) - Page Generation Time: 0.08 Sec - Server Load: 0.58 - MySQL Queries: 13 - Page Size: 65.03 Kb