In the first instance, you will need permission from your mortgage lender (if applicable). Generally, this would be through a buy to let mortgage or consent to let.

Electricity, Energy Performance Certificates and Gas Safety Certificates are a legal requirement, these can be arranged through our in-house trades people. An independent inventory, which will be completed before tenants move in, is also recommended as part of the process. This will reduce disagreements when the tenant checks out as there will be photographic evidence of the initial condition of the property.

On average it takes 2 to 4 weeks to find the right tenant. At Modi’s, we vet our tenants against a very strict criteria so you can be rest assured that you will have the very best tenant.

Typically this is 1 month’s rental income and is payable upon the signing of the Tenancy Agreement. The deposit will then be registered with a Tenancy Deposit Protection Scheme (TDS) within 14 days and is returned to the tenant at the end of the agreement provided there are no disputes.

If the ‘Let and Rent Collection’ package is chosen, we will aim to deliver the rent in your bank account within 3 working days of the income entering our account (this will typically be transferred on the same day as received).

As part of our vetting process, we obtain confirmation that the tenant has an annual income of 2.5 times the rent payable in addition to gathering guarantor(s) details where considered appropriate. This, alongside our usual rigorous checks, means that it is very unlikely that tenants will stop paying their rent. In the rare case that there is non-payment of rent, we will investigate this in the first instance and come to a conclusion.

Under current legislation, a Section 21 Notice can be provided to the tenants which requires them to vacate the property (without any reason being given). Notice will generally be required 2 months in advance (actual timeframe depends on the signed Tenancy Agreement).

First of all, this is very rare as we carry out inspections of the property every 6 months where we note significant damage and aim to rectify these as soon as possible (as part of our fully managed package). This ensures that damage does not go unnoticed and is not a surprise when the tenant moves out. Also, we would assess the damage and make appropriate deductions from the deposit registered with TDS.

Please see our fees section for more information on this. We generally deduct our fees when providing you with monthly rental payments unless another arrangement is agreed in advance.