We devote 100% of our time to Lettings and Property Management in Salisbury
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Established in Salisbury since 1986. We have a very good relationship with both landlords and tenants alike and some of which have been with us for over 20 years. For full details of our services, please download our brochure here or alternatively please contact us using the enquiry form provided.
DOWNLOAD OUR BROCHUREYou’ve decided to become a landlord. Perhaps you want to let a property you already own, or invest in residential properties. Or maybe it’s just an idea and you haven’t made your mind up yet.
Why become a Landlord?
There are currently 5.4m households in rented accommodation and it is reported that by 2025, a quarter of all households will privately rent which equates to 7.2m households, so don’t miss out on an investment opportunity.
Improved Rights
It is becoming more important than ever to use an experienced Letting Agent to find tenants and manage tenancies. There has been a whole raft of legislation introduced since the 1988 Housing Act and there is more to come. Do you know about: Right to Rent immigration checks, Minimum Energy Efficiency Standards, Gas Safety regulations, Furniture & Furnishings regulations, Legionella, Smoke and Carbon Monoxide Alarm Regulations and more?
Changing Market
Demographic and economic changes such as rising property prices, shorter employment contracts and a need for greater mobility are all encouraging more people to rent rather than buy a property of their own. It is reported that 71% of people born in 1970 were homeowners by the time they were 40, but among those born in 1990 the figure is likely to be just 47%.
Holding Deposit (per tenancy)
One weeks 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 materially significant 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.
Security Deposit (per tenancy. Rent of £50,000 or over per year)
Six 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 £15 per hour (inc VAT) for the time taken replacing lost key(s) or other security device(s).
Variation of Contract (Tenant's Request)
£50 (inc VAT) per agreed variation. To cover the costs associated with taking landlord's instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant's Request)
£50 (inc VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord's instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination (Tenant's Request)
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.
Tenant Protection
LD Property Management is a member of Propertymark in our Fareham branch and Safeagent in the Salisbury branch, which is a Client Money Protection scheme, and also a member of The Property Ombudsman, which is a redress scheme. You can find out more details on the agent's website or by contacting the agent directly.