Welcome to Belvoir Cheltenham

Call us on 01242 221188

Pop in and see us...

Cheltenham
15 Bath Road Cheltenham, Gloucestershire GL53 7HG
T: 01242 221188 F: 01242 524851

Opening Hours

Monday - Friday 9.30am - 5.30pm

Saturday 9.30am - 3.00pm

Thinking of letting your property?

YOUR STEP BY STEP GUIDE TO LETTING A PROPERTY WITH BELVOIR CHELTENHAM:

Valuation - If you are considering letting out your property, the first step would be for us to come out and complete a FREE No Obligation Market Valuation. Using market comparables and combined with our knowledge of the Cheltenham area, we would be able to give you an achievable rental figure.

Rent - Rents are payable by the tenant monthly to our client account. You will be paid direct from this account and we will prepare, at regular intervals, an income and expenditure account which you can send to the Inland Revenue.

Deposit - We collect a deposit from the tenant to safeguard against damage. At the end of the tenancy we will inspect the property and the costs of any work attributed to the tenant will be deducted from the deposit.

Tenant - We will find a suitable tenant for your property and take up references and credit checks

Agreement - We will prepare a legal agreement under current legislation to suit your particular circumstances. In general this will be for a period of not less than 6 months and then renewable on a month to month basis. This gives you the flexibility to re-occupy the house after giving the tenant two month's notice to quit. Similarly the tenant may terminate after the initial period by giving one month's notice.

Rates and Services - The payment of water rates, council tax, gas, electricity and telephone bills are generally the responsibility of the tenants.

Repairs - As a Landlord, you are responsible for all repairs to the property with the exception of window glass or other breakages caused by the tenants. Small repairs can be carried out by our contractors, or ones nominated by you, and their charges deducted from your account. We will always ask for instructions before commencing any large scale repairs.

Tax - From the total rent received in a tax year you can normally deduct, for tax purposes, the following:
> Our fees
> Fair wear and tear & repair costs
> 10% of rent for depreciation, if furnished or part furnished
> Interest paid to the Building Society or Mortgage Company
> Insurance premiums
> You then pay tax on the remainder of the rent. If you would like a more comprehensive tax service we can arrange this for you by using our recommended accountant.

Insurance - We provide information and help on rent and legal protection insurance, house building insurance and home contents insurance, all of which are important considerations when letting your home.

Call 01242 221188 today for a FREE NO OBLIGATION valuation of your property!

Belvoir Cheltenham offer two Landord Services:

Fully Managed Service

Our Full Management Service is specifically designed for landlords who do not wish, or are not able, to become involved in the day-to-day letting and management of their properties. This service does not seek to exclude the landlord from involvement with his own property, but rather to act as a buffer zone between owner and tenant.

As part of this service, Belvoir Lettings will:

> Advise on all aspects of the letting, including a rental valuation

> Market the property to its' maximum exposure

> Carry out accompanied viewings at the property

> Fully reference prospective tenants to include credit searches

> Arrange the Energy Performance Certificate

> Arrange the Gas Safety Check and receipt of the relevant certificate

> Organise an Electrical Safety Check if necessary

> Arrange insurance through 'Endsleigh Insurance' if required

> Prepare a detailed Inventory and Statement of Condition

> Draw up the Tenancy Agreement and arrange signing and key handover at move-in

> Collect the deposit and monthly rent payments

> Consider the Landlord's best interest at all times

> Lodge the deposit in order to meet the legal requirements

> Produce a monthly statement of account of rentals paid for tax purposes

> Regular inspections of the property

> Liaising with Landlord,Tenant and any relevant tradesmen over necessary repairs

> Final inspection of the property at vacation Deduction due, if any, from Tenant deposit

> Minimising any void rental periods of the property

Let Only Service

The Let Only Service appeals to Landlords who would like to manage their own property but who would wish to benefit from our expertise in finding a suitable tenant.

As part of this service, Belvoir Lettings will:

> Advise on all aspects of the letting, including a rental valuation

> Market the property to its' maximum exposure

> Carry out accompanied viewings at the property

> Fully reference prospective tenants to include credit searches

> Arrange the Energy Performance Certificate

> Arrange the Gas Safety Check and receipt of the relevant certificate

> Organise an Electrical Safety Check if necessary

> Arrange insurance through 'Endsleigh Insurance' if required

> Prepare a detailed Inventory and Statement of Condition

> Draw up the Tenancy Agreement and arrange signing at move-in

> Collect the deposit and first month rent payment

> Consider the Landlord's best interest at all times

> Lodge the deposit in order to meet the legal requirements

It is important to also consider the following questions when thinking of letting your property:

Should I let my house?
If you have to move in the near future, for whatever reason, think carefully before selling your home. Letting is a very attractive option:

> It helps pay the mortgage

> It keeps you on the home ownership ladder

> New laws make it much easier to let

> In many cases your income will not be taxed

There are a number of important questions which need serious consideration before entering into any agreement:

> How will tenants treat my house?

> What if I suddenly need my house back?

> Will my building society allow me to let?

> How much tax will I pay on the rental income?

However, these questions need not be a worry to you if you entrust the letting to a competent and caring property manager. Our service is personal yet professional and we take great care to understand the needs of the Landlord.

 

 

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