Standard checks performed to confirm the identity and authenticity of any funds involved in a transaction.
AML is a legal requirement for all estate agents, with HMRC targeting any criminal activity in the property sector. Every time you market a property with an estate agent you'll need to provide a valid photo ID and a recent utility bill.
We will perform these same checks on your prospective tenants.
Energy Performance Certificate
An EPC is a compulsory review of how energy efficient a property is.
The EPC lasts for 10 years, but new legislation states that properties can now only be let on a new term or renew on a fixed term if the property's EPC rating is E or better. From April 2020, landlords will not be allowed properties rated at F or G. Listed buildings are exempt.
Contact us for advice on renewing or improving your EPC rating.
London property licensing varies from borough to borough, making it tricky to keep up with changing legislation in different parts of the city.
As a landlord with Foxtons, we will keep you informed about all licensing requirements where you have rental properties and can also assist with your license application from start to finish.
Gas Safety Certificates
A compulsory test proving that gas appliances and supply points in the property are safe.
GSCs must be renewed every 12 months by a registered engineer who will check the flue and appliance. Even if we don't manage your rental portfolio, we can assist you with arranging these checks.
Also, remember to give your tenants a copy of the new GSC within 28 days of the check.
PAT & EICR
The Portable Appliance Test (PAT) ensures all electrical appliances in your property are tested and approved as safe to use.
The Electrical Installation Condition report (EICR) assesses the internal electrics in your property. This must be completed every five years and ensures that all fixed electrical equipment is in safe working order. This is currently mandatory for all HMOs and is soon to be made mandatory for all lettings.
To find a qualified electrician for your EICR, visit www.niceic.com.
Smoke & Carbon Monoxide Alarms
All rental properties must have a smoke alarm fitted on each floor.
We also advise fitting a carbon monoxide alarm in any room with a boiler, even though this is not a legal requirement unless there is a solid fuel-burning appliance in the room.
When new tenants move into your property you should document that alarms have batteries fitted and are in good working order. Fire safety regulations are being tightened regularly as the government pushes for higher standards across the rental sector.
A form of pneumonia that is caused by inhalation of droplets of water containing the Legionella bacteria.
While uncommon, it is the responsibility of all landlords to assess their properties for risk.
A very simple initial assessment will show if water systems in your properties are at risk. Most normal domestic systems are considered low-risk due to the regular usage and flow of water, limiting standing water.
Contact us for advice on minimising risks and how to arrange an assessment.
Clean and Check-in
Rental properties must be clean when a tenant moves in, and a check-in records the state of the property at the time.
This makes both the move-in and move-out process run smoothly and minimises disagreements and delays when claiming for cleaning or damages at the end of a tenancy.
We advise a professional clean before the move-in date and an independent inventory at check-in to record the exact condition of all spaces inside and outside the property.
Right to Rent
It is a legal requirement to thoroughly check a tenant's right to rent a property in the UK.
All prospective tenants over 18 years of age must be checked.
We have technology that enables us to quickly check an tenant's eligibility but it's also important that either you or your agent meets the tenant in person before keys to the property are released.
You're in safe hands
We are a member of the key governing bodies, abiding by the strictest codes of practice.
We also believe in fee transparency, helping you make informed decisions with no last minute surprises.
11% (13.2% incl VAT)
- Tenants for 6 months+
- For long-term secure income
- You manage tenants
Managed Long Let
17% (20.4% incl VAT)
- Tenants for 6 months+
- For hands-off landlords
- Fully Managed 24/7
Managed Short Let
26% (31.2% incl VAT)
- Tenants for up to 6 months
- For much higher rent & yield
- Fully Managed 24/7