Why instruct us to manage your property?
We don't just manage your property, we manage your tenancy too. Our full management package enables you, the landlord, to free up valuble time. We will take care of all your tenancy needs and legal requirements, from 'Right to Rent' immigration checks, gas safety renewals, electrical installation reports, smoke and carbon monoxide alarms, appropriate contractors, 'How to Rent' guides, EPC regulations, property inventories, appropriate tenancy agreements, deposit protection, serving of updated possession notices, and anything else which may change during your tenancy. This service will ensure that you and your property are compliant with all new tenancy legislation and your legal requirements as a landlord.
We are dedicated to improving the lettings experience for both landlords and tenants. Our modern approach to property management is a refreshing change, and really helps us to connect with landlords and tenants in a more personal manner.
Keeping you compliant
Our full management service ensures that all of your duties as a landlord are carried out to keep you and your properties safe and compliant with the latest legislation, for example, 'Right to Rent' or immigration checks, gas safety renewals, electrical installation reports, smoke and carbon monoxide alarms, appropriate contractors, 'How to Rent' guides, EPC regulations, property inventories, appropriate tenancy agreements, deposit protection, serving of updated possession notices, and anything else which may change during your tenancy.
We can inspect properties at regular intervals to ensure your tenants are looking after your property. The frequency of these inspections is entirely up to you, although we recommend all new tenancies should be inspected every 3 months. All findings from inspections will be reported back to you.
Right to Rent checks
Landlords of properties throughout England must check that someone has the right to rent before letting them a property. All tenants aged 18 and over must be checked for the right to rent in the UK. Failure to comply with right to rent can result in a prison sentence of up to 5 years.
All tenancy agreements are handled by us on your behalf. This ensures that you are compliant with any changes in legislation.
All of our contractors are accredited and carry public liability insurance for your protection from any claims. This means that you can be assured that anyone we send out to work on your home has been through our pre-approval system first to ensure they are competent and insured against loss or damage, in case there is an issue or an accident. We also have 24-hour repair reporting service for tenants to contact us at any time.
Managing rent arrears
Rent arrears are a real concern for landlords. However, they are actually quite rare, although sometimes things go wrong and sometimes tenants struggle with their rental payments and arrears may start to accrue. In this situation the Property Management Team are trained to deal with these issues specifically and a strict process has to be followed to ensure that you are honouring your tenancy, not harassing the tenants, abiding by any RGT policies and mortgage requirements, yet being active to ensure swift payment or resolution is sought. Our Property Management team will take care of all of this for you.
Check outs and deposit returns
This can be a contentious issue at the end of a contract and there are also many rules now on how deposits have to be protected. Here at Silverkey Property Management, we will take care of all of this for you and negotiate at the end of the tenancy to make sure that the property is back to its original condition (except for wear and tear, of course) and in the event of us not being able to gain an agreement, the matter will be referred to the Alternative Dispute Resolution team, as is required now.
What Silverkey Property Management do for you:
Your time is precious and the real beauty of having your property managed is that you are free to do what you want to do. The tenants will call us, not you; we will talk to any neighbours and council officials on your behalf , not you; leaving you free to spend time with your family or continue your work.
Basic Package - £450 (Incl. of VAT) payable from first month’s rent.
On the Basic Package, It is your legal obligation as landlord to;
By signing for the Basic Package you agree that you are solely responsible for compliance with current legislation and regulations, with particular emphasis on The Deregulation Act (2015) and associated paperwork; the Immigration Act (2016) with associated paperwork; the Consumer Protection Act (2016); The Housing Act (2016); and EPC regulations.
Silverkey Property Management, therefore relinquish liability for any misleading or incorrect information or action supplied by the landlord to the tenant and the tenancy under the Basic Package.
Essentials Package - Set-up fee of £450 (Incl. of VAT), then 14.4% (Incl. of VAT) monthly management fee.
The Essentials Package offers everything in the Basic Package, plus
*Please note that these are additional pay as you go services as listed below. However, they are fully inclusive in our VIP Package.
VIP Package - Set-up fee of £510 (Incl. of VAT), then 18% (Incl. of VAT monthly management fee.
The VIP Package is a fully inclusive management package and is the best option for full property compliance and safety.
*Additional Services and Fees (Inclusive of VAT).
Stand Alone Services for self-manage landlords
We offer a range of stand alone services for landlords, without having to sign up for a management package. However, in order to ensure you remain fully compliant, we recommend our 'Essentials' full management package.
Energy Performance Certificates
In order to let your property, it is neccessary to have an energy performance certificate. New regulations stipulate a minimum rating of E. We can produce energy performance certificates. Prices are inclusive of VAT;
1 bed property ~ £78
2 bed property ~ £84
3 bed property ~ £90
4+ bed property ~ £96
Tenant finder service
We will market your property and supply your tenants with an Assured Shorthold Tenancy agreement.
Tenant referencing and credit checks
We will carry out credit checks with an approved credit referencing agency, as well as carrying out previous landlord and employment referencing.
Interim tenancy inspections help you to know the condition of your property at set intervals throughout the tenancy. These inspections also allow us to assess the property for compliance of gas and electrical installations, smoke alarms, and the people living in your property.
We will market your property and actively search for tenants, but we will leave viewings, referencing and compliance checks to you.
We will register your tenants deposit with a government approved tenancy deposit scheme.
Rent Guarantee Insurance
Our Rent Guarantee Insurance (RGI) will give you peace-of-mind that your rental income will be paid every month whether your tenants pay or not. It is not always bad tenants that may not pay their rent. Other factors such as illness, redundancy and accidents can affect a family income. So, by having this fantastic rent guarantee insurance, you can relax knowing that your rent will be paid. This service also includes; Repossession, property damage, eviction of squatters, rent recovery, rent arrears, legal defence, hotel expenses, and storage costs... all for just £140 per year per property
Rent Guarantee Insurance (includes eviction cover)
This service includes £50,000 of Legal Expenses Cover to cover you against the costs and fees that would otherwise be incurred in the event that the tenant needs to be evicted. Includes Rent Arrears, Property Damage Cover, Eviction of Squatters, Rent Recovery, Legal Defenses, and Hotel & Storage Expenses.
We will initially view the property to assess its rental value. At this point we will answer any questions you may have and determine the most suitable service to meet your requirements. We will also be able to make recommendations where necessary that could potentially increase the rental value of your property. Our advice at this point is completely free and aimed at making sure you have a firm understanding of all your obligations before proceeding to let your property.