Costs and Budgeting
Initial Rental Costs
Example on a monthly rent of £450.
1 months rent in advance £450
Deposit - 1 months rent £450
Total initial cost £900
Ongoing, all rents are due on the first of each month by Standing Order. Late rents are charged according to your lease details.
Ongoing Rental Costs
On a monthly basis, you will be responsible for the following bills.
- Council Tax
- Television Licence
- Contents insurance (personal belongings only)
It is important to ensure that new accounts are set up in your name for Council Tax, TV Licence, Gas and Electric. We also recommend that you take out contents insurance for your own belongings.
Under the terms of your tenancy agreement, you are responsible for these bills from the start of your tenancy. Please note that it is your responsibility to make sure these new accounts are set up and paid as required.
WHAT IS AN INVENTORY AND MOVE IN REPORT?
We often get asked by landlords, why do I need an inventory, there is nothing in my property, it's unfurnished, surely it's an expense I don't need to incur? My answer is always the same - it's vital that you offer a proper, detailed inventory of a property to a tenant upon move in.
Lettings Direct is Now In Sales!
After a triumphant year for the team and the buisness, we are delighted to announce an exciting new move into property sales. This latest development has allowed us to offer a turnkey service for our landlord clients looking to sell, grow or let their property portfolio.