Coleford: 01594 835751     |   Cinderford: 01594 825574  

Dean Estate Agents Lettings & Property Management team can assist both new landlords as well as experienced landlords with vast portfolios.

Call 01594 835751 to find out more.

Why use Dean Estate Agents Lettings!


Accurate Valuations

We complete many valuations every week, giving us intimate knowledge of property prices in your area.

Our valuations take all local benefits into account, whether your property is surrounded by the best parks, woodland, restaurants, schools or transport links. Using market comparables and combined with our knowledge of the local area, we would be able to give you an achievable and reliable rental figure.

Experienced Advice

It takes skill and expertise to negotiate a tenancy successfully through to completion and still achieve the best possible price. Through training and experience our employees offer expert advice on both the letting process and your legal obligations as a landlord.

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 or to suit your accounting period, an income and expenditure account which you can send to the Inland Revenue.

Deposit

We collect a deposit from the tenant to safeguard against potential 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. Please note that this would not be a survey and you would be invited to attend as Landlord.

Tenant

We will find a suitable tenant for your property and take up comprehensive references and credit checks. We do not agree any Tenancy without the knowledge and instructions of the Landlord.

Tenancy 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

Residential Properties

You or your company must pay tax on the profit you make from renting out the property, after deductions for ‘allowable expenses’.

Allowable expenses are things you need to spend money on in the day-to-day running of the property, like:

  • Letting agents’ fees
  • Legal fees for lets of a year or less, or for renewing a lease for less than 50 years
  • Accountants’ fees
  • Buildings and contents insurance
  • Interest on property loans
  • Maintenance and repairs to the property (but not improvements)
  • Utility bills, like gas, water and electricity
  • Rent, ground rent, service charges
  • Council Tax
  • Services you pay for, like cleaning or gardening
  • Other direct costs of letting the property, like phone calls, stationery and advertising

Information sourced from HMRC – December 2017

Profit/Loss

Working out your profit

You work out the net profit or loss for all your property lettings (except furnished holiday lettings) as if it’s a single business. To do this, you:

  • Add together all your rental income
  • Add together all your allowable expenses
  • Take the expenses away from the income

Work out the profit or loss from furnished holiday lettings separately from any other rental business to make sure you only claim these tax advantages for eligible properties.

Deduct any losses from your profit and enter the figure on your Self-Assessment form.

You can offset your loss against:

  • Future profits by carrying it forward to a later year
  • Profits from other properties (if you have them)

You can only offset losses against future profits in the same business.


Information sourced from HMRC – December 2017

Call 01594 835751 today for a FREE NO OBLIGATION valuation of your property!

Dean Estate Agents Lettings offer two Landlord 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 and upon your instructions Dean Estate Agents 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 if required
  • Prepare a detailed Inventory and Statement of Condition – please ask for a quote
  • Draw up the Tenancy Agreement, arrange signing and key handover
  • 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
  • Prepare invoices from trades for Landlord inspection
  • Inspection of the property to check for damages before deposit release
  • Minimizing 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 and upon your instructions Dean Estate Agents 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 if required
  • Prepare a detailed Inventory and Statement of Condition – please ask for a quote
  • Draw up the Tenancy Agreement and arrange signing at move-in
  • Take meter readings and inform utility providers
  • Collect the deposit and first month rent payment
  • Take meter readings and inform utility providers
  • Consider the Landlord's best interest at all times
  • Lodge the deposit in order to meet the legal requirements

Landlord Review

Thank you to Allan for not only returning my property clean and tidy, for no arrears but for always being on hand for my tedious questions, we trust you with our property.

Landlord Free Consultation

It is imperative if choosing to use a Letting Agent that we see the property and you see us within our own environment. We will be responsible for handling thousands of pounds of your investment monies and we would like you to see what we do so pop by or call for an appointment to meet our Director Allan Wasley who will go through all of the options we offer our Landlords. Call 01594 835751

Our team at Dean Estate Agents Lettings are highly knowledgeable of the local area and would be only too happy to answer any questions you may have. For further information, please call

Allan Wasley
Tel: 01594 835751
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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