We hugely value our landlord clients and we work hard to ensure their rental property is working hard for them. Our aim is to achieving the best possible rental income, from the most suitable tenant, with least amount of void period.
Whether you are a new landlord or an experienced property portfolio owner; trained Letting staff at all our Suffolk branches will be happy to assist you.
Let Only Service
Suitable for hands on Landlords who have time to keep up with ever-changing tenancy law and legislation; whilst also dealing with the day to day needs of your tenants and the maintenance needs of the property.
We will market your property, conduct viewings and carry out tenant referencing to ensure the prospective occupant is suitable. Following which will execute a tenancy agreement with your new tenant and hand over keys to the property, after which it will be over to you.
Advertising & Setup – 1St Months Rent Inc. Vat
Managed Let Service
If like many Landlords, you prefer an arms length relationship with your tenants or reside some distance away from the rental property in question; then a managed let service may be for you.
In addition to those services included in the Let Only Service above, Nicholas Estates will collect the monthly rent by standing order direct to our client account. We will then forward the rent to your bank account by BACS payment.
We will also handle issues of maintenance in a timely and cost effective manor, producing a monthly statement your rent account by email after each rent period.
Our trained staff will also arrange and keep record of all legislative documents required to keep you compliant throughout the tenancy term.
Advertising & Tenancy Setup – £240 Inc. Vat (£200+Vat)
Monthly Management – 12% Inc. Vat (10% +Vat)
This provides landlords peace of mind, if your tenant falls into arrears and is evicted Nicholas Estates will cover every penny of your lost rental income. In addition legal expenses relating to obtaining possession of the property are covered up to £1000 (inclusive of Vat).
Monthly fee 2.4% Inc. Vat (2%+Vat)
Although your tenancy may be running smoothly, it maybe beneficial from time to time to check the property over. Nicholas Estates will visit the property and check for any maintenance issues not reported by the tenants or any signs of misuse. Landlords often accompany these visits for their own comfort and peace of mind. Recommended quarterly or mid-term.
Per Inspection £90 Inc. Vat (£75+Vat)
Fixed Term Renewal
Both Landlords and Tenants will benefit from the security of a new fixed term of their tenancy. Remaining on a period tenancy means a Landlord can give two months notice to vacate and a tenant can give just one month notice (both from a rent payment day only)
Per Renewal £120 Inc. Vat (£100+Vat)
At a suitable time during the tenancy it is possible to serve notice upon the tenant to increase the monthly rent. This must be inline with market values of the time and Nicholas Estates will compile comparable market research accordingly.
Per Rent Review £120 Inc. Vat (£100+Vat)
- Gas Safety Certificates
- Energy performance Certificates
- Fixed Wiring & Portable Appliance Testing
- Smoke Alarm Testing & Replacement
- Legionella Risk Assessment
Prices quoted on request.
Note: Nicholas Estates does not offer client money protection.