4let.co.uk Property Management Services

Property Management Service

4let.co.uk can offer a complete bespoke letting or management service for all types of residential property in Cardiff, from city centre apartments and suburban family homes through to the very best in student accommodation.

With our extensive knowledge and network of contacts in the Cardiff area, we can advise and assist you in the purchase of an investment with our Acquisition Service.

For a modest initial charge and an agreed percentage of the purchase price you can retain our services to find you a property which best suits your requirements, regardless of which agent is selling it.

Once purchased, we can help you prepare the property for letting, with our Development Supervision Service.

From initial inspection to the finished property, our team of skilled contractors can do everything from a mild interior design and safety check to a full ""ground up" restoration or new build. This service is also available to our existing clients who wish to make significant improvements to their property.

Once the property is ready to let we can offer you a comprehensive Letting and Management Service.

We will provide a free rental appraisal and advise you on market rent and advertising strategy. Once instructed we can do any or all the following.

• – Find prospective tenants, credit check and take references
• – Sign appropriate tenancy agreements
• – Inventory
• – Collect and manage deposits and rent on your behalf
• – Attend to items of maintenance inc. gas and electrical certification
• – Account to you monthly
• – Regular inspections
•  

For further information about any of our services, please contact us

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How does the tenant pay the rent every month and when do I get my money?

We will set up a standing order from the tenant’s bank account to our bank account. The rent will be due on the same day of the month and is paid in advance monthly. The rent is then usually paid to you within five working days either directly into your bank account or by cheque, which ever you prefer.

We will send you a monthly statement listing what has been collected, what fees have been deducted, any contractor’s fees and the balance paid to you.

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Will I have to pay tax on my rental income?

Yes is the answer if you are making any profit after your mortgage/insurances have been paid. You should contact your tax office or accountant if you have one to discuss this in more detail. Any profit that you make will be subject to tax, you may be able to off set any profit against the maintenance of the property, and again we advise that you speak to an accountant in regard to this. We do not give the Inland Revenue a list of Landlords names and addresses but if asked we will have to supply information to them.

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Are there any safety regulations that I have to adhere to when letting my property?

There are many laws/safety regulations that landlords have to comply to. We have compiled some examples of what could happen if the regulations are not adhered to. These are not designed to shock or frighten you, but are there so that you are aware of why the regulations have been introduced.

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1) Gas regulations

The government passed a law in November 1994 regulating the gas safety installations in all rented properties. ALL gas appliances, including pipe work, ventilation flues, meters and additional fittings must be certified by a registered CORGI gas engineer as safe. THERE ARE NO EXCEPTIONS. The certification must be carried out every 12 months and commonly is known as a Landlord gas safety certificate, or more technically a CP12. Please remember that only a Corgi registered installer can check for the safety of appliances and installations. It is our responsibility as Letting Agents to inform you of your obligations. We can arrange for the gas safety check to be carried out at your property.

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2) Electrical regulations

In January 1995 it became a criminal offence to supply any electrical appliance that is deemed to be unsafe for human use. Electrical equipment is deemed unsafe if it jeopardises the safety of people, domestic animals or property. The only way to ensure that your appliances are safe is to have a safety check carried out. We will ask you to remove any appliance that is left in your property for the tenant to use if we are slightly unsure of its level of safety. We can arrange for a safety check to be carried out at your property.

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3) Furniture regulations

If you are renting out your property furnished, part or minimally furnished then you are obliged by law to comply with safety regulations. The law is "The 1988 Safety Regulations", and the law is strict. The items that are covered are as follows:-

Sofa’s, arm chairs, mattresses, headboard, cushions, pillows, seat pads on dining chairs, or anything with a soft filling must comply with current legislation.

Carpets and curtains are not included.

It is YOUR responsibility to ensure that non-compliance items are removed before the Tenancy commences.

The labels on the following page are the one that you should be looking out for in your furniture:

Please take the time to read through these following cases as a result of non-compliance to Gas safety regulations. They are actual cases and are not made up! Nothing like what you are about to read has ever happened to one of Our Landlords

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Download a Landlord Registration Pack

To download a Landlord Registration Pack click Here

We hope that the information in this guide has been of help to you, please call us if you are unsure of anything or would like to discuss anything in further details

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