The Lettings Process

Guide to being a landlord

Step 1 Accurate valuation

Your aim should be to let your property at the best possible price in the shortest possible time. Our expert negotiators carry out loads of valuations every month giving us intimate and unparalleled knowledge of property values in your area.

Step 2 Selecting an estate agent

When choosing a letting agent consider their opening hours, when they will be available to conduct viewings, their high street presence and what kind of marketing your property will receive. These are critical to obtaining the maximum rental value for your property. You should also check if your agent will organize your government-required Energy Performance Certificate (EPC) on your behalf or if you need to arrange this yourself? You are responsible for making this document available to prospective and future tenants. FAB HOMES can arrange for this to be done

Step 3 Considering a short let?

Letting your property as a short let (for a period of up to six months) can be an ideal solution as you will benefit from the following: high returns on your property, rent paid in advance, flexibility of commitment, minimum void periods, Property Management and often high quality corporate tenants.

Step 4 Benefits of Corporate Services

FAB HOMES Corporate Services assists hundreds of companies who are looking to find properties for their employees. Letting your property through this specialist department has the benefit of a wide variety of applicants from reputable companies, willing to pay a premium for high levels of service and peace of mind.

Step 5 Consider Property Management

Property Management can be the key to reaping maximum rental returns on your property. Many tenants insist on renting managed properties and are often prepared to pay a premium for this. Instructing FAB HOMES to manage your property gives you peace of mind that both your property and tenant will be cared for 24/7. You’re dedicated Property Manager will look after the general day-to-day management and more complex issues such as emergency repairs, collection of rent, transfer of utilities and much more.

Step 6 Presenting your property

First impressions count, making the presentation of your property critical to a successful let. Consider addressing any DIY jobs you have been meaning to get done, add a fresh coat of paint where necessary and try to de clutter to make rooms appear larger. Our team of dedicated experienced negotiators have an eye for these things and will then take photographs, produce interactive floor plans and write comprehensive property descriptions, all in just one visit.

Step 7 Preparing your property for tenancy

Before you let your property for the first time you must obtain a professional and comprehensive inventory. This will set out the condition and contents of the property. FAB HOMES can/will carry out a professional inventory on your behalf.
Long term tenancies (6 months or more)
You are responsible for checking that the tenants have set up accounts with utility companies, telephone supplier, council tax and TV licensing.
Short term tenancies (up to 6 months)
You will retain responsibility for the utility accounts, council tax and TV license, as these costs are included in the rent. The tenant will be responsible for any telecommunication services.

Step 8 Marketing your property

To find your perfect tenant you need to give your property maximum exposure across a wide range of media. When you instruct FAB HOMES to let your property you will automatically benefit from our experienced staff and comprehensive marketing package, including: exposure on our new website, full colour property details, inclusion in our featured add sections and key property titles, email and SMS alerts and PR.

Step 9 Accompanied viewings

Our longer opening hours are essential to maximize viewing opportunities for your property - in fact over 35% of our viewings are carried out after work and at weekends. Accompanied viewings also mean we can use our expertise to help let your property. Our offices are open 9:30am-8pm Monday to Friday and 10am-5pm Saturdays.

Step 10 Receiving an offer

As soon as an offer is received we will contact you to communicate full details of an offer along with any special conditions to help you decide whether or not to accept.

Step 11 Offer agreed

Once you accept an offer we will do the following, regardless of whether your property is managed:
Collect references from the tenants
Arrange signing of Tenancy Agreement
Collect moving-in payment (rent + deposit)
Carry out check-in and inventory
For your added peace of mind, where applicable we will hold the deposit as a stakeholder and register this with a deposit protection scheme, resulting in a faster and more efficient deposit release process at the end of the tenancy.

Step 12 Completion

Upon completion, keys will be released to the inventory clerk or the tenant on moving-in day. For managed properties, we will provide the tenant with contact details of their dedicated Property Manager. Congratulations, your property is now let!