Thank you for clicking on our Landlords page. At Ferndown Estates we are keen to help you find great quality tenants in the quickest possible time.
You will find us straight-talking, upbeat and totally customer-focused, for the successful let and management of your property. We’ve been established in the East of Birmingham since 2003 and are landlords ourselves.
Did you know…….We’ve recently won the top award in the British Property Awards for our Lettings Service and we’d love to help you with whatever rental opportunity you approach us with!
Click here to read more: http://bit.ly/2KnkKyE Ferndown Estates wins Gold Award in British Property Awards
We recognise that right from the start it's helpful for you to know about how we operate. First of all, let’s cover our fees. We offer two levels of service; Managed and Non Managed. The link below distinguishes what is and isn’t included in each level of service:
We charge a little more than others may first appear however, that is due to the things that are included in our typical lettings package. Many agents may appear to charge lower costs, however they exclude certain important elements of the lettings process and charge additional money should you require them. Also, it’s important you know that Ferndown Estates do not charge tenants upfront fees to apply for any of our rental properties (apart from a holding deposit)
We were one of the very first Agents in England and Wales to scrap the charging of tenant fees in October 2017. This was in advance of the Governments’ announcement to ban letting fees to tenants (expected 2019). We have found this a popular choice with high numbers of tenant applicants we now receive for the majority of our properties.
Our fees are reflective of the work undertaken to move a quality tenant into your property. Our referencing process can include visiting a prospective tenants’ home before moving into your property and assuming the tenants pass our referencing you will be able to qualify for a rent protection policy which includes legal cover (Included for 12 months free of charge in our Managed service)
Establishing Your Property's Value
Whilst a general picture of your local market place can be researched and assessed via website property portals, to establish an accurate rental value for your property you will benefit from the services of an accredited property management company.
We will visit your property and meet with you and we will discuss your specific needs relevant to your own situation, market forces and current demand. This will also include our own experience of previous rental transactions in your street and activity levels with other property similar to your own.
From this we will be able to advise you on the value range applicable to your property and anything we think you can do to enhance this value. We will then suggest an appropriate asking price.
Our comprehensive marketing strategy will be explained together with the service level you can expect from Ferndown. Any questions or concerns you have will also be addressed.
Selecting an Estate Agent
Having established the rental value of your property and decided to go onto the market, you will need to choose an Agent to act for you. When considering which company to use, watch out for those suggesting inflated values (which can leave you languishing on the market and lose you weeks of rental income) We would also suggest you ask the Agent in question what legal redress they offer in the event of you needing to make a complaint against them in future.
Property Management is a complex business and one that requires a high level of competence and experience to ensure you are aware of your legal responsibilities. It’s also important you know and trust your chosen agent and understand that whatever actions your chosen agent undertakes is done so in your name. You are liable for your agents actions!!
Preparing Your Property
Tenants are usually prepared to pay more to get more while a property in first-class order can usually be let more easily. Be aware of the level of furnishings that are left in a property and that they comply with all safety precautions and current legislation
Upgrading/Maintaining your property
Furnished or unfurnished
There's often little difference between the rental achieved for a property whether it is furnished or unfurnished depending on the level of furnishing.
- 'Unfurnished' is normally defined as being fully carpeted (or with wooden floors in the reception areas only.
- 'Furnished' is usually defined as being a property ready for someone to move into. The furniture needs to be good quality and the property should be uncluttered. We're more than happy to advise you on what should be left and what should be removed.
Fixtures & fittings
All fixtures and appliances should be serviced before the start of the tenancy and in good working order. If you have instruction booklets, make them available or write out clear instructions for use. All items left at the property are replacement items and this should be considered in both your expectations and the rental figure your property will achieve.
All properties should be fitted with smoke alarms on each floor of the property (in the event of a first floor maisonette, then the entrance hallway should have an alarm fitted along with one installed on the first floor) Where the property benefits from a solid fuel heating appliance, then a carbon monoxide alarm is required to be installed in the same room.
We would recommend a Carbon Monoxide (CO) alarm is installed in each rental property where there is a gas appliance fitted for the safety of the chosen tenants and their families.
The Tenancy Deposit Scheme
For our Managed properties, we use the Tenancy Deposit Insurance Scheme. If you intend on managing the property yourself (non-managed) you will need to make your own arrangements with the tenants’ deposit within the required timeframe following the start of the tenant.
The TDS has been developed to ensure that the deposits are protected and that disputes about their return are resolved swiftly, inexpensively and impartially. Under TDS if there is no dispute the deposit will be returned at the end of the tenancy by us.
If there is a dispute, the disputed amount will be sent to the TDS. The dispute will deal with by their Independent Complaints Examiner (ICE). The ICE will not visit the property, but adjudicate on the dispute by way of a paper trail.
The housing Act does not dictate that landlords produce inventories or schedules of condition, but the suggestion is that a landlord will need to provide evidence of the condition of the property at the commencement and termination of the tenancy if he is to win his case should there be a deposit dispute. Our managed service includes the production of a comprehensive inventory report which is issued to all parties and reflects the condition of the property at the commencement of a tenancy.
If you have a freehold property with no mortgage on it, there should be no barriers to letting it out to tenants.
If you have a leasehold property however, you must check your lease in connection with sub-letting and obtain the necessary consent if required. If you have a mortgage on your property, consent may also be needed from your lender.
You'll need to make sure both the property and its contents are fully insured. You must inform your insurance company that the property is to be let, check that the conditions of the policy are complied with and that there are no restrictions on letting. We would advise that all policies taken in relation to your buildings insurance include a good level of liability cover.
It is the landlord’s responsibility to prepare a thorough inventory if Ferndown are only introducing a Tenant. If the property is to be managed by Ferndown then we will prepare an independent inventory and condition report as part of our service.
"When Ferndown Estates took our property on board we suddenly had a flurry of qualified and quality viewers, we sold our property at full asking price shortly afterwardsâ€¦ "