Letting your property is easy with us.

We offer an all-in-one approach to letting your property, providing you with experienced agents, exclusive real estate databases and a comprehensive management service to handle all aspects of your tenancy.

Therefore, letting is different with us – we take care of everything from the very beginning and, unlike other agencies, we do not charge administration fees for landlords.

Read Our Step-by-Step Guide for Letting Your House or Flat with Ready Property

1. Free Valuation

Find out how much is your property worth with a free, no obligation appraisal by our market experts.

2. Marketing Your Property

Using the leading UK real estate websites and having a large database of international clients, we make sure your property finds the tenant you want.

3. Strategy Consulting

Keep in touch with experienced real estate agents to explore your letting options: a time frame, a price bracket, arrangements for viewings, and planning of any repairs that need to be carried out before the new tenants move in.

4. Legal Guidance

With the assistance of our legal counsel, we ensure your rights as a landlord and property owner are protected in any tenancy agreement we prepare.

5. Managing Offers

After verifying the offer and buyer’s ability to proceed, we handle all negotiations, prepare a memorandum of sale, and begin work on exchanging the contracts.

6. Taking Care of Your Tenants

Let Ready Property take it from here. After signing the lease and handing over the keys, our all-in-one property management service can look after your rental. From inventorying to carrying out repairs and filing insurance claims, we will handle all aspects of your tenancy. As easy as that.

Letting Fees:

Ready Property is about choosing the right service for you.

That is why we offer a range of options, including everything from property advertisement to processing insurance claims. Unlike other agencies, we do not charge administration fees.

Long lettings: 5% (of rental value) + VAT
Long lettings and property management: 10% (of rental value) + VAT
Short lettings: 10% (of rental value) + VAT
Short lettings and property management: 15% (of rental value) + VAT

Other Optional Fees:

See below for a sample list of optional fees and services. Please, contact us for a quote for any additional arrangements.

Energy Performance Certificate: £75
Gas Safety Certificate: £115
Property floor plan: £65
Interior photography: £95
Deposit Protection Service: £30
Inventory check: £125
Further property inspections (the first one is included in the letting fee): £85
HMRC return for non-resident landlords: £120 per quarter
Income and expenditure report: £90
Insurance claims: £120 per hour
Court attendance: £120 per hour
Agreement fee for refurbishment works over £700: 12% (of NET costs)
Abortive tenancy fee: £150 (+ out of pocket costs)

All prices include VAT unless otherwise stated.

Ready Property International Limited is a member of the following schemes:

Let Your Property quickly

Short Letting in London

Nowadays, short-term lets are widespread in London. This is a good way for a landlord to make some extra money or even to make a living.

In this article, we explain everything you need to know about short lets in London as a landlord.

Assured Tenancy

If you do not sign a specific form of a tenancy agreement, then, by default, your relationship with a tenant will be regulated by an assured shorthold tenancy in accordance with English law. This kind of tenancy allows you to return your property after a 6-month period.

We strongly recommend you and your tenant sign a written agreement before the latter moves into your property. There is no place for verbal agreements in this situation since they may result in huge expenses and emotional stress in the long run. A written agreement, on the other hand, will protect your property and your nerves.

Deposit

English law provides landlords with a proper protection using a deposit scheme. In particular, a landlord gets a deposit from a tenant with the purpose to cover expenses when something

happens to the property. In most cases, a deposit is usually returned to a tenant at the end of the tenancy. This procedure is backed by the government, so there is no need to worry about anything for both parties.

After getting a deposit, you have 30 days to provide it to a company that offers a deposit protection scheme. A landlord must also provide a tenant with all the necessary information that he or she will need to get a deposit back.

Landlord’s Obligations

A landlord is responsible for repairs of breakages that happen not due to a tenant’s misconduct, including property’s structural issues and functionality of different home appliances as well as electric and gas ones.

In case of a long-term tenancy, you will have to hold safety checks at least once in 12 months. In particular, it is your duty to arrange those checks as well as to pay for them. A person that will be holding safety checks must be authorized by the Gas Safe Register.

Other responsibilities:

• Energy Performance Certificate for a landlord’s property is required;

• Meet your tenants to avoid fraud. Take copies of their documents;

• According to English law, it is illegal to provide accommodation to a person that is not allowed to stay in the country. On your demand, tenants must provide documents certifying that they are legal residents of the country;

• Find out whether your potential tenant was evicted or even sued before for breach of a tenancy agreement. To check this, look through the public records for a tenant’s credit report;

• Check with local authorities if there are any taxes you need to pay. It depends on the amount of money you get from the tenancy;

• It would be smart to insure your property before the tenancy starts.

In order not to forget about all the important things, it is better to deal with a professional real estate agency such as Ready Property that will help you at all the stages of letting a property.

Inventory

Another mandatory stage of short- or long-term lets in London is an inventory check. It is held before a tenant moves in. A landlord makes a list of all pieces of furniture as well as other contents of the property. It can be done by a letting agent on behalf of a landlord. For example, Ready Property clients that let their property for a short or long term in such areas of London as Highbury, Finsbury Park, Kensington, Soho, and others usually ask our agents to do it, which is rather convenient and time-saving.

Do not forget that an inventory check must be agreed with a tenant as well.

Tenant vs Lodger

If a landlord is living with the tenants, they are called lodgers with a status of a live-in landlord. If you let the whole property, the people living there are called tenants, and you are a live-out landlord. A contract with a lodger is called a license, while a contract with a tenant is called a tenancy agreement. As a rule, lodgers have fewer rights than tenants do, however, in the end, it all comes down to the written conditions the parties have agreed on.

In general, the letting process includes the following stages:

• Choosing a real estate agency

• Arranging a viewing

• Receiving an offer

• Accepting an offer

• Credit and reference checks

• Deposit payment

• Inventory check

• Tenancy agreement

If you have any more questions left about short- or long-term lettings, Ready Property can provide you with professional assistance in any area of the British capital – be it Central, West, or East London.