Superior Property Lettings
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Welcome to Paul Estates
From our high profile office, Paul Estates can offer a superior service in Residential Lettings, we can assure that professionalism is guaranteed. Our lettings market is fast growing and our mission is to offer an unrivalled service delivered by our dedicated team.
Our marketing of your property has a wide range of advertising on our own web site, Rightmove, On The Market, 'To Let' boards and local papers. Servicing the needs of both landlords and tenants Paul Estates can provide specialist letting and management service in Birmingham, Smethwick, Bearwood, Harborne, Edgbaston, Oldbury and surrounding areas.
Our services include:-
- Free market appraisals of Landlords contemplating letting
- Tailor made service where we match tenants to your property
- Creditsafe Referencing to give landlords peace of mind
- Tenancy Agreements prepared to the highest standard
- Rents paid by bank transfer or Cheque
- Property inspections
- We ensure all properties meet their standards of presentation and safety
- All deposits held in independent client bank account through The Deposit Protection Service (The DPS)
- Written inventory
Paul Estates can offer you advice and expertise on the local rental property market and offer an appraisal of your property maximising your rental income.
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Landlord Services
Paul Estates can offer a superior service in Residential Lettings. Being a member of PRS (Property Redress Scheme), we can assure that professionalism is guaranteed.
Our lettings market is fast growing and our mission is to offer an unrivalled service delivered by our dedicated team.
To find out more please click on our services below:
- Provide a rental valuation and any other advice which you may require about letting your property.
- Locating suitable tenants.
- Accompanying tenants applicants to view the property.
- Obtaining and evaluating suitable references.
- Preparing a suitable tenancy agreement and arranging signature by the tenant.
- Collecting and holding as stakeholders a deposit (bond) from the tenant.
- Preparing an inventory/schedule of condition and checking the tenant into the property.
- The transfer of gas, electricity, water and council tax accounts into the tenant’s name.
- Receiving rental payments monthly in advance, and paying you promptly, together with a detailed statement from our computerised management systems.
- Inspecting the property periodically, and reporting any problems to you.
- Arranging any necessary repairs or maintenance with your consent.
- Renewing the tenancy agreement.
- Checking tenants out as required.
- Re-letting and continuing the process with the minimum of vacant periods to ensure that you receive the optimum return from your property.
- Providing a rental valuation and any other advice which you may require about letting your property.
- Locating suitable tenants.
- Accompanying tenant applicants to view the property.
- Obtaining and evaluating references and credit checks.
- Preparing a suitable tenancy agreement and arranging signature by the tenant.
- Collecting and holding as stakeholders a deposit (bond) from the tenant.
- Arranging a standing order between you and tenants for the tenants for the collection of rent.
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Fees
Please note that lettings agents are required by law to publish on their websites information for potential tenants about relevant fees, redress schemes and client money protection schemes (including the names of those schemes). Relevant fees must also be published on third party websites, such as Rightmove.
For properties to rent in England and Wales, details of the agent's membership of any redress scheme and client money protection scheme must also be published with their fees on Rightmove. It is the agent's responsibility to ensure that all relevant information is provided to Rightmove and is up to date and accurate. If the relevant information does not appear here, the agent may have included it within the property description..
Redress Scheme- The Property Redress Scheme
Holding Deposit:
One week's rent. (This is to reserve a property.
Please
Note: This will be withheld if any relevant person (including any guarantor(s))
withdraw from the tenancy, fail a Right-to-Rent check, provide false or misleading
information, or fail to sign their tenancy agreement (and/or Deed of Guarantee)
within 15 calendar days (or other Deadline for Agreement as mutually agreed
in writing).
Security Deposit (per tenancy. Rent under £50,000 per year):
Five
weeks' rent. (This covers damages or defaults on the part of the tenant during
the tenancy)
Unpaid Rent:
Interest at 3% above the Bank of England Base Rate
from Rent Due Date until paid in order to pursue non-payment of rent. Please
Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s):
Tenants are liable to
the actual cost of replacing any lost key(s) or other security device(s). If
the loss results in locks needing to be changed, the actual costs of a locksmith,
new lock and replacement keys for the tenant, landlord any other persons requiring
keys will be charged to the tenant.
If extra costs are incurred there will
be a charge of £18 per hour for the time taken replacing lost key(s) or other
security device(s).
Change of Contract:
£50 per agreed variation. (To cover the costs
associated with taking landlord's instructions as well as the preparation and
of new legal documents).
Change of Sharer:
£50 per replacement tenant or any reasonable
costs incurred if higher. (To cover the costs associated with taking landlord's
instructions, and Right-to-Rent checks, deposit registration as well as the
preparation and execution of new legal documents.
Early Termination:
Should the tenant wish to leave their contract
early, they shall be liable to the landlord's costs in re-letting the property
as well as all rent due under the tenancy until the start date of the replacement
tenancy. These costs will be no more than the maximum amount of rent outstanding
on the tenancy.