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Landlords

ARE YOU A LANDLORD, OR CONSIDERING BUYING A PROPERTY TO LET?

I’m Alex Clarke and I specialise in making life easier for people like you. I find GOOD QUALITY TENANTS FOR GOOD QUALITY PROPERTIES, and I have been doing so quietly and discreetly for thirty five years. It’s unlikely you have heard of me as I work from my home in Old Colwyn with my daughter, Louise, and our business has been built on referrals from people who have been very happy with our service.  We are a genuine family business offering the personal touch.

I was a credit company manager before becoming self-employed, and I have extensive experience of assessing people for their suitability to be tenants.

You will probably realise that as a Landlord, you have two major risks - your tenant may not pay their rent, and they may not look after your property as well as you might expect. The real nightmare happens when they don’t pay AND they trash your house!

Your success or failure in letting your property depends on the quality of the tenant. That’s where I come in - I find GOOD QUALITY TENANTS WITH A PROVEN TRACK RECORD OF PAYING RENT AND KEEPING A CLEAN HOUSE.

Please allow me a few minutes of your time to tell you what else we do for you.

We advertise your property - FOR FREE - on the Internet (Zoopla, our web site). WE PAY for the advertising - NOT YOU.

We accompany all prospective tenants on viewing visits.

We take up references professionally, credit search, proof of income, track record of rent or mortgage payments AND - MOST TIMES - we visit the prospective tenant in their present property. We try to provide the most comprehensive referencing possible.

We prepare an INVENTORY AND STATEMENT OF CONDITION and check tenants into the property on the tenancy commencement date.

We change over the utilities and keep records of meter readings.

We give you VITAL INFORMATION to guide you through tenancy law and to make sure you comply with the latest regulations.

We send periodic PROPERTY MATTERS NEWSLETTERS - FREE - that provide enlightening TAX SAVINGS TIPS. A pound saved is a pound earned.

We offer a NO OBLIGATION, NO LET/NO FEE service

Our commission for the INTRODUCTION ONLY SERVICE is a once only 60% of the rent for the first month (vat included).

Our commission for the MANAGEMENT SERVICE is 12% of the monthly rent
VAT INCLUDED - WITH NO SET UP FEES.

Please see full details of our fees for Landlords here 

Please see full details of our Equality & Diversity Policy here

Please see full details of our Anti-Money Laundering & Sanctions Policy here

Letting a house or a flat used to be quite simple - but now it has become very specialised and a highly complex procedure. If you fail to comply with some of the recent changes in legislation you could lose your right to recover possession of your property AND, WORSE,
YOU COULD BE FINED.

Do you know that the Court Fee is £415.00? That means that if you have to take your tenant to Court to recover possession for arrears YOU have to pay the Court fee, so if you find yourself in this situation YOUR PAPERWORK HAS TO BE CORRECT (DOWN TO THE POSTCODE), OTHERWISE YOUR APPLICATION COULD BE DISMISSED.

Ask yourself these questions - Do you know about the Prescribed form you have to complete when increasing the rent?

Do you know about the requirement for a Tenancy Deposit Information Certificate?
If you have taken a Security Deposit it could effect you.

We send free Property Matters Newsletters periodically to keep our clients informed

You are in business - you know about competition. We face it from the so called “big boys”, with High Street shops and high overheads. They have to charge high fees - we don’t - we tailor make our service to suit our client’s needs.

We are members of Client Money Protect and our Membership Number is CMP007378. View our certificate here

Call Homelet North Wales Limited on 01492 518 096 for reliable letting agents in Conwy that take the stress away from renting out your property. Alternatively, e-mail us at homeletnwales@aol.com for more information on property management.

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Homelet North Wales Limited
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TENANT SCALE OF CHARGES CONTRACT HOLDERS (tenants)

VAT is payable at the prevailing rate (currently 20%) on all our fees. In accordance with consumer legislation, it is quoted as included in the prices stated below. If the VAT rate changes, the price charged will change accordingly.

Payments permitted under the Renting Homes(Fees Etc.)(Wales)Act2019 by Tenants or Contract-holders under a Tenancy or occupation contract.

Rent Payable monthly in advance(unless agreed otherwise).

Default fee for late payment of rent

The prescribed limit in the case of a failure by a contract -holder to make a payment of rent to a landlord by the due date is to be determined as follows:

a/In the case of a failure to make a payment of rent before the end of the period of seven days beginning with the due date, the prescribed limit is zero.

b/In the case of a failure to make a payment of rent after the end of the period of seven days beginning with the due date, the prescribed limit is the aggregate of the amounts found by applying, in relation to each day after the due date for which therent remains unpaid, an annual percentage rate of three percent above the Bank of England base rate to the amount of rent remains unpaid at the end of that day.

Deposit  Payable before the start of the Tenancy and held under a Government approved scheme for the duration of the agreement. It will be repaid in full provided all obligations have been fulfilled.

Holding deposit. Equivalent to one week’s rent(as statutorily prescribed).This will be withheld if any relevant person (including any guarantor(s)) withdraws from the Tenancy, provides materially significant false or misleading information, or fails to sign their Tenancy (and/or guarantor agreement)within the Deadline for Agreement where one has been mutually agreed in writing, or 15 calendar days if there is no Deadline for Agreement.

Default payments. If the Tenant breaches any of the requirements of the agreement, the Tenant may be liable to pay the Landlord for any losses incurred as a result of: a failure by the Tenant to make a payment by the due date to the Landlord or, a breach by the Tenant of a term of the contract, both subject to any statutorily prescribed limit.

The losses the Landlord may claim may include, damages, costs, charges, and expenses  incurred as a result of the breach, that the Landlord was unable to mitigate, to put the Landlord back in the same position as if the Tenant had not breached the agreement.

Council Tax                          Payable to the billing authority , if the Tenant is liable.

Utilities                                  Including water, sewerage, gas(or other heating fuel) and electricity including any Green Deal costs) payable in respect of the Property, and if required in the Tenancy. This may be payable to the Landlord or to the utility provider.

Television licence                Payable if the Tenant is contractually required to make a payment to the British Broadcasting Corporation.

Communication services     Payable to a provider of: internet, cable or satellite television, telephone services, other than mobile, if the payment is contractually required.

Loss of keys or other security device

The actual costs, as evidenced by invoice or receipt, related to a breach of contract leading to the requirement for a lock to be added or replaced or a key or other security device giving access to the Property to be replaced.

Missed appointments.           Losses, as evidenced by invoice or receipt, suffered by the Landlord if the Tenant fails to attend appointments agreed by the Tenant and arranged by the Letting Agent or Landlord for contractors or others to attend or to carry out work at the Property.

Damage to the Property.      The Tenant will be liable for any losses, as evidenced by invoice or receipt, from damage to the Property caused by the activity, or failure to act, by the Tenant or their guests.

Replacement Statement.      Where the contract-holder requests a replacement written statement the legislation allows for this to be charged for. A charge cannot be made for the original statement, only where a duplicate is requested.

Emergency/out of hours call-out fees  

Any losses or additional losses suffered by the Landlord, as evidenced by invoice or receipt, as a result of the Tenant arranging an emergency, out of hours contractor call-out where the work was not an emergency or the works were required as a result of the Tenant’s actions.

Charges to Tenants (where applicable):

1)    Credit/Referencing                   £nil     per~Tenant/Property

2)    Tenancy drafting                      £nil     per~Tenant/Property

3)    Checkin inventory                   £nil

4)    Checkout inventory                 £nil

5)    Tenancy renewal                      £nil

6)    New reference                          £nil     per~Tenant/Property

7)    Guarantor referencing              £nil     per~Tenant/Property

8)    Provision of a replacement written statement                      £35.00            per request

**NB Tenant fees may not apply to contract-holders of occupation contracts but may apply for other Tenancy types such a letting to a company.

Requirement for a Guarantor

In some circumstances we may require that the Prospective Tenant is able to offer a Guarantor. This may be because: e.g.the Tenant is student; the tenant has a poor credit history; the Tenant’s income is not sufficient to cover the rent and other outgoings.

In order for someone to qualify as a Guarantor they must be a resident in the United Kingdom; be a homeowner in the United Kingdom; have a clean credit history; must earn at least 3 times the monthly rent

The Guarantor will: have to be referenced and credit checked; provide proof ID and residence.

The extent of the Guarantor’s liability is expressed in: the Guarantor clause and subclauses in the Occupation Contract ; the Guarantor deed; the Guarantor agreement.

WE ARE MEMBERS OF THE PROPERTY OMBUDSMAN SCHEME (AN INDEPENDENT REDRESS SCHEME) ALL SECURITY DEPOSITS ARE PROTECTED BY THE DEPOSIT PROTECTION SERVICE.
CHARGES TO LANDLORDS WE HAVE TWO SERVICES - THE LET ONLY (TENANT FIND) SERVICE - OUR COMMISSION IS 60% OF THE RENT FOR THE FIRST MONTH MANAGEMENT SERVICE - 10% OF RENT COLLECTED (NO SET UP FEE).

TENANT SCALE OF CHARGES CONTRACT HOLDERS (tenants)

VAT is payable at the prevailing rate (currently 20%) on all our fees. In accordance with consumer legislation, it is quoted as included in the prices stated below. If the VAT rate changes, the price charged will change accordingly.

Payments permitted under the Renting Homes(Fees Etc.)(Wales)Act2019 by Tenants or Contract-holders under a Tenancy or occupation contract.

Rent Payable monthly in advance(unless agreed otherwise).

Default fee for late payment of rent

The prescribed limit in the case of a failure by a contract -holder to make a payment of rent to a landlord by the due date is to be determined as follows:

a/In the case of a failure to make a payment of rent before the end of the period of seven days beginning with the due date, the prescribed limit is zero.

b/In the case of a failure to make a payment of rent after the end of the period of seven days beginning with the due date, the prescribed limit is the aggregate of the amounts found by applying, in relation to each day after the due date for which therent remains unpaid, an annual percentage rate of three percent above the Bank of England base rate to the amount of rent remains unpaid at the end of that day.

Deposit  Payable before the start of the Tenancy and held under a Government approved scheme for the duration of the agreement. It will be repaid in full provided all obligations have been fulfilled.

Holding deposit. Equivalent to one week’s rent(as statutorily prescribed).This will be withheld if any relevant person (including any guarantor(s)) withdraws from the Tenancy, provides materially significant false or misleading information, or fails to sign their Tenancy (and/or guarantor agreement)within the Deadline for Agreement where one has been mutually agreed in writing, or 15 calendar days if there is no Deadline for Agreement.

Default payments. If the Tenant breaches any of the requirements of the agreement, the Tenant may be liable to pay the Landlord for any losses incurred as a result of: a failure by the Tenant to make a payment by the due date to the Landlord or, a breach by the Tenant of a term of the contract, both subject to any statutorily prescribed limit.

The losses the Landlord may claim may include, damages, costs, charges, and expenses  incurred as a result of the breach, that the Landlord was unable to mitigate, to put the Landlord back in the same position as if the Tenant had not breached the agreement.

Council Tax                          Payable to the billing authority , if the Tenant is liable.

Utilities                                  Including water, sewerage, gas(or other heating fuel) and electricity including any Green Deal costs) payable in respect of the Property, and if required in the Tenancy. This may be payable to the Landlord or to the utility provider.

Television licence                Payable if the Tenant is contractually required to make a payment to the British Broadcasting Corporation.

Communication services     Payable to a provider of: internet, cable or satellite television, telephone services, other than mobile, if the payment is contractually required.

Loss of keys or other security device

The actual costs, as evidenced by invoice or receipt, related to a breach of contract leading to the requirement for a lock to be added or replaced or a key or other security device giving access to the Property to be replaced.

Missed appointments.           Losses, as evidenced by invoice or receipt, suffered by the Landlord if the Tenant fails to attend appointments agreed by the Tenant and arranged by the Letting Agent or Landlord for contractors or others to attend or to carry out work at the Property.

Damage to the Property.      The Tenant will be liable for any losses, as evidenced by invoice or receipt, from damage to the Property caused by the activity, or failure to act, by the Tenant or their guests.

Replacement Statement.      Where the contract-holder requests a replacement written statement the legislation allows for this to be charged for. A charge cannot be made for the original statement, only where a duplicate is requested.

Emergency/out of hours call-out fees  

Any losses or additional losses suffered by the Landlord, as evidenced by invoice or receipt, as a result of the Tenant arranging an emergency, out of hours contractor call-out where the work was not an emergency or the works were required as a result of the Tenant’s actions.

Charges to Tenants (where applicable):

1)    Credit/Referencing                   £nil     per~Tenant/Property

2)    Tenancy drafting                      £nil     per~Tenant/Property

3)    Checkin inventory                   £nil

4)    Checkout inventory                 £nil

5)    Tenancy renewal                      £nil

6)    New reference                          £nil     per~Tenant/Property

7)    Guarantor referencing              £nil     per~Tenant/Property

8)    Provision of a replacement written statement                      £35.00            per request

**NB Tenant fees may not apply to contract-holders of occupation contracts but may apply for other Tenancy types such a letting to a company.

Requirement for a Guarantor

In some circumstances we may require that the Prospective Tenant is able to offer a Guarantor. This may be because: e.g.the Tenant is student; the tenant has a poor credit history; the Tenant’s income is not sufficient to cover the rent and other outgoings.

In order for someone to qualify as a Guarantor they must be a resident in the United Kingdom; be a homeowner in the United Kingdom; have a clean credit history; must earn at least 3 times the monthly rent

The Guarantor will: have to be referenced and credit checked; provide proof ID and residence.

The extent of the Guarantor’s liability is expressed in: the Guarantor clause and subclauses in the Occupation Contract ; the Guarantor deed; the Guarantor agreement.

WE ARE MEMBERS OF THE PROPERTY OMBUDSMAN SCHEME (AN INDEPENDENT REDRESS SCHEME) ALL SECURITY DEPOSITS ARE PROTECTED BY THE DEPOSIT PROTECTION SERVICE.
CHARGES TO LANDLORDS WE HAVE TWO SERVICES - THE LET ONLY (TENANT FIND) SERVICE - OUR COMMISSION IS 60% OF THE RENT FOR THE FIRST MONTH MANAGEMENT SERVICE - 10% OF RENT COLLECTED (NO SET UP FEE).

Refundable Holding depositCapped at 1 weeks rent
Security DepositCapped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000
RentThe agreed monthly rent
Changes to tenancyCapped at £50 inc VAT
Early termination chargeNot exceeding the landlord’s financial losses
Late payment of rentInterest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue
Replacement keysReasonable costs or give the tenant the option to purchase themselves
Utilities, council tax, communication services, TV Licence etcTenants own responsibility unless otherwise stated in contract
Client Money Protection Scheme Membership detailsThe law requires your membership details
Property Redress Scheme Membership detailsThe law requires your membership details