Letting your Norfolk property with Pymm & Co.

You will need to take into account and consider the following costs when letting your property:

• Energy Performance Certificate
• Gas Safety Certificate
• EICR (Electrical Safety Certificate)
• Professional cleaning.

Whilst most tenants are considerate and honest, finding yourself with unsuitable tenants in your property can be a frustrating and costly experience. Pymm & Co uses an extremely thorough and strict external referencing company to provide comprehensive reports on your prospective tenant’s financial status, showing any previous credit, employment or tenancy issues. This provides us and our clients with as much certainty as possible on the background and sustainability of the tenant.

Prior to letting your property, we require the following:

• A completed ‘Terms of Business’ form
• 1 set of keys initially (a further two sets are required before the property is tenanted)
• Property must be presented to a good general standard but with a high standard of cleanliness (e.g. oven, appliances, carpets etc)
• Your bank details, forwarding address, contact number
• Gas Safety Certificate
• Energy Performance Certificate
• Legionella Risk Assessment
• Smoke detectors on each floor
• EICR (Electrical Safety Certificate)
• Carbon monoxide detector (in any room that burns solid fuel)
• Tenancy agreement
• Inventory (optional, but strongly recommended)
• Confirmation of utility companies (not essential, but helpful)

Landlords have a number of responsibilities when letting a property. We can offer you guidance as well as the expertise of our contacts to ensure that you have your Energy Performance Certificate, Gas Safety Certificate, Electrical Safety Certificate, Legionnaires Risk Assessment and Landlord’s Insurance in place for your tenancy.

• Insurance - Please ensure that you have Landlords Insurance for the property, which should include personal liability cover as standard. Please ensure that the insurance company has the correct details otherwise your policy may be void.
• Leasehold Properties - There may be a clause in your title deeds advising that either your property cannot be let or that you need to seek permission of the Freeholder before letting. We advise you check this in advance via your title deeds or managing agent.
• Mortgage - You must obtain consent from the mortgage provider for the letting.
• Energy Performance Certificates - From 1st October 2008, an energy performance certificate must be available for a tenant to view any property advertised. The effeciency rating must be advertised along with the property. From April 2018 a minimum effeciency standard was introduced for new tenancies in 2020. Properties must meet a minimum energy standard rating of E.
• Legionella Risk Assessments - It is a legal duty for landlords who provide residential accommodation to consider, assess and control the risks of exposure to Legionella to their tenants is not new. This requirement stems from the Control of Substances Hazardous to Health Regulations makes provision for the legislation to apply to landlords of both business and domestic premises. All water systems require an assessment of the risk which they can carry out themselves if they are competent, or employ somebody who is.
• Electrical Certification - As of 1st July 2020 it is mandatory to carry out an EICR Electrical Certificate on properties prior to occupation. All rented properties with existing tenancies are required to have an EICR Electrical Certificate issued by the 1st April 2021. Certificates are valid for 5 years. HMO (House of Multiple Occupation) have additional requirements.
• Tenancy deposits - In April 2007 it became a legal requirement for all new tenancy deposits to be held in a government-authorised scheme. Failure to do so could result in penalties for a landlord or loss of right to resign possession at the end of a tenancy. Pymm & Co is a member of a Deposit Protection Service (DPS) and The Tenancy Deposit Service (TDS).

We always view your property as if we were selling it. Tenants want as much information as possible and therefore the more information that is available, the more likely a prospective tenant is to view it. Most agents letting details only show a few pictures and a brief description. We endeavour to be different, we will always measure the property and list the full details, as well as taking numerous good quality photos with the latest equipment.

Pymm & Co Letting Agents in Norwich are members of ARLA Propertymark which is the UK’s foremost professional and regulatory body for letting agents; representing over 9,000 members. Members operate to professional standards far higher than the law demands and we campaign for greater regulations for agents in this growing and increasingly important sector of the property market.

By using an ARLA Propertymark Protected agent, consumers have the peace of mind their agent will provide a professional service and their money is safeguarded by Propertymark’s Client Money Protection scheme.

All landlords should be aware that HMRC generally classes rent received as a taxable income and this needs to be declared. The amount payable is dependent on whether you reside in the UK or overseas. Many items can be offset against the income such as: insurance, ground rent, repairs and maintenance, legal and accountancy charges, letting agent fees and a proportion of loan interest. You may need the help of an accountant for more detailed advice, but Pymm & Co can help guide you in the right direction and provide a general overview.

HMRC also provides further information online at: www.hmrc.gov.uk

For overseas landlords, living abroad for more than six months of the year you will need to complete an NRL 1 form for Non-Residential Landlords. Please speak to a member of the team for more information.

All landlords should be aware that HMRC generally classes rent received as a taxable income and this needs to be declared. The amount payable is dependent on whether you reside in the UK or overseas. Many items can be offset against the income such as: insurance, ground rent, repairs and maintenance, legal and accountancy charges, letting agent fees and a proportion of loan interest. You may need the help of an accountant for more detailed advice, but Pymm & Co can help guide you in the right direction and provide a general overview.

HMRC also provides further information online at: www.hmrc.gov.uk

For overseas landlords, living abroad for more than six months of the year you will need to complete an NRL 1 form for Non-Residential Landlords. Please speak to a member of the team for more information.

We always view your property as if we were selling it. Tenants want as much information as possible and therefore the more information that is available, the more likely a prospective tenant is to view it. Most agents letting details only show a few pictures and a brief description. We endeavour to be different, we will always measure the property and list the full details, as well as taking numerous good quality photos with the latest equipment.

We will always measure the property and list the full details, as well as taking numerous good quality photos with the latest equipment.