GRAPHICLettings Guide

Landlords

Naylius McKenzie Lettings aims to provide the highest standards of professional service to Landlords and Tenants alike. If you are looking to let your property, our dedicated staff will make the entire process as smooth and straightforward as possible.

Good Tenants

Finding good Tenants is Paramount to any letting and our company prides itself on finding extremely good tenants on behalf of our Landlords. This is probably one of reasons that we undertake so much repeat business and receive many recommendations. All tenants will be thoroughly credit checked and all references submitted to the Landlord for approval.

Receiving an offer

Once we have received an offer from the tenant we will submit the offer to you for consideration. Any offer made is subject to satisfactory references being received. Once you have accepted the offer, the tenant will pay to Naylius McKenzie a non-refundable holding deposit, normally the equivalent of 2 weeks rent, whilst we apply for references.

Rent and Deposit

Once satisfactory references have been received, and prior to the commencement of the tenancy, we will collect from the tenant the remaining deposit and the first month's rent. This will include the first rental payment which is normally one month or quarter in advance depending upon the terms agreed, also the deposit, usually the equivalent of six weeks' rent.

Rent

On the commencement of the Tenancy Agreement Naylius McKenzie will arrange for the tenant to pay the rent direct into your account each month, via standing order. Alternatively we can offer a rent collection service and full property management if required, please see management.

Inventory

Before the tenancy begins, an inventory is prepared detailing the contents and condition of the property. This is carried out by an independent inventory clerk and a copy is supplied to both Landlord and Tenant. The Landlord pays for the inventory before the commencement of the Tenancy, and the Tenant pays for the check out of the inventory at the end of the Tenancy. The inventory is there to protect both the Landlord and Tenant, such costs should be seen as a necessary investment that helps protect the interest of both parties.

The Tenancy Agreement

Once all terms have been agreed by both parties and satisfactory references have been received, all documentation is forwarded to you and the Tenant for signature.

Tenants Deposit Scheme

Naylius McKenzie is a member of the Tenancy Deposit Scheme, which is administered by:

The Dispute Service Ltd
PO Box 541
Amersham
Bucks
HP6 6ZR

Phone 0845 226 7837
Email deposits@tds.gb.com
Fax 01494 431 123

If Naylius McKenzie is instructed by the Landlord to hold the Deposit, Naylius McKenzie shall do so under the terms of the Tenancy Deposit Scheme.

Utilities/Council Tax

Prior to the commencement of the Tenancy Agreement, Naylius McKenzie will read the meters and advise the relevant authority that the supply will be taken over by the new tenant. We will also advise the appropriate Council Tax department.

Band Amount of tax
for Camden (£)
Amount of
tax for GLA (£)
Total council tax
2013/2014 (£)
A
680.99
202.00
882.99
B
794.48
235.67
1,030.15
C
907.98
269.33
1,177.31
D
1,021.48
303.00
1,324.48
E
1,248.48
370.33
1,618.81
F
1,475.47
437.67
1,913.14
G
1,702.47
505.00
2,207.47
H
2,042.96
606.00
2,648.96

Taxation for Overseas Landlords

Under the Finance Act 1995, the Inland Revenue introduced a system of self-assessment, and all overseas Landlords may apply to the Inland Revenue for a Certificate of Self-Assessment in order for rents to be paid over gross. We strongly recommend that all overseas Landlords apply for self-assessment. We can, if required, apply to H M Customs & Excise on your behalf. For those who have not applied, Naylius McKenzie is required by law to deduct the tax for all overseas Landlords at the basic rate from the net rental income and pay this on a quarterly basis to the Inland Revenue. At the end of each tax year we will provide you and your accountant with a certificate of tax deducted confirming the amount of tax deducted from the rent and sent on your behalf to H M Customs & Excise.

Energy Performance Certificates (EPC)

It is a legal requirement, all landlords to have a valid EPC for their property before it can be sold or let. An EPC assesses the energy performance of a property, from "A" representing the most energy efficient property to "G" representing the least energy efficient property. It must be carried out by a qualified Domestic Energy Assessor and will also show a building's environmental impact by indicating its carbon dioxide emissions. A valid EPC will last for 10 years.

Repeat Clients

Naylius McKenzie is committed to providing our Landlords with the best possible comprehensive service. We are proud that we continue to serve our Landlords many of whom have happily been with us since we opened in 1988.

Inventory

Before the tenancy begins, an inventory is prepared detailing the contents and condition of the property. This is carried out by an independent inventory clerk and a copy is supplied to both Landlord and Tenant. The Landlord pays for the inventory before the commencement of the Tenancy, and the Tenant pays for the check out of the inventory at the end of the Tenancy. The inventory is there to protect both the Landlord and Tenant and such costs should be seen as a necessary investment that helps protect the interest of both parties.

Important Regulations

There are important furniture and furnishing regulations that relate to the letting of your property and all Landlords must comply. We ensure that you meet your responsibilities under these regulations and arrange all of the necessary safety checks on your behalf.

FURNITURE AND FURNISHINGS (FIRE) (SAFETY) REGULATIONS 1988 AND THE FURNISHINGS (FIRE) (SAFETY) (AMENDMENTS) REGULATIONS 1993

All upholstered furniture manufactured after 1950 (including loose fittings and permanent and loose covers) are included with the Regulations.

There are severe penalties for non-compliance. The offence carries a punishment of up to six months imprisonment and/or a £5,000 fine.

  • Furniture in all properties that have been let prior to 1st March 1993 MUST comply fully with the Regulations with effect from the 1st January 1997. However we understand from the Department of Trade and Industry that if a tenancy commenced prior to the 1st January 1997 on a property which was let prior to the 1st March 1993, then the Landlord can continue to supply the original furniture until the tenancy expires; however on a new tenancy the furniture would have to comply fully with the Regulations. We strongly recommend that Landlords should ensure that all furnishings supplied comply fully with the Regulations.
  • Furniture in all lettings commenced after 1st March 1993 MUST comply with the Regulations except as set out below in 3.
  • A Landlord letting his own property for a 'temporary' period and not in the course of business (defined) has a MORAL but no legal responsibility to ensure the furniture complies.
  • Landlords letting a 'second' property or Landlords letting investment property for the first time after 1st March 1993 clearly must comply.
  • We confirm that we accept a property onto our books on the understanding that the Landlord has made sure that furnishings supplied comply with these Regulations.

GAS SAFETY REGULATIONS 1994

The new Gas Safety (Installation and Use) Regulations 1994 came into effect on 31st October 1994. Briefly, all gas appliances must be checked for safety at intervals of not more than 12 months and records should be kept in respect of the appliances with the date of inspections, any defect identified and any remedial action taken. A CORGI Registered Engineer must carry out checks and this will include checking the gas installation, associated pipe work and ventilation and supplying a safety certificate.

Electrical equipment must be safe and not cause danger. The 1994 Regulations apply to any person who supplies electrical equipment in the course of a business. Safety of any electrical equipment that is supplied as part of furnished accommodation is controlled by the 1994 Regulations. We advise that electrical equipment is tested at regular intervals.

All new homes must be fitted with mains operated smoke detectors. We would strongly recommend that smoke detectors be fitted in all properties and that they are regularly checked, especially battery operated devices. We would also recommend that carbon monoxide detectors are installed in properties.

Tenants

Naylius McKenzie Lettings aims to provide the highest standards of professional service to Landlords and Tenants alike. If you are looking to rent a property, our dedicated staff will make the entire process as smooth and straightforward as possible.

Finding the right property

You can register by calling our Letting Department or register on-line. Once registered, we will keep you advised of all our properties that match your requirements.

Viewing properties

We endeavour to arrange appointments that are convenient to you during weekdays, evenings and on Saturdays.

Making an offer

As soon as you have found a suitable property and communicated an offer to us, we submit it to the Landlord for consideration. Any offer made is subject to satisfactory references being received.

Acceptance of your offer

When your offer has been accepted you will pay to Naylius McKenzie a non refundable holding deposit equivalent to two weeks rent, this ensures that the property is withdrawn from the market whilst we apply for references. This deposit will go towards the first month's rent & six weeks deposit that you pay before the commencement of the tenancy.

Rent and Deposit

Once satisfactory references have been received and prior to the commencement of the tenancy we will collect from you the remaining deposit and the first months rent. This will include the first rental payment, normally one month or quarter in advance depending upon the terms agreed and the deposit, usually the equivalent of six weeks' rent.

Tenants Deposit Scheme

Naylius McKenzie is a member of the Tenancy Deposit Scheme, which is administered by:

The Dispute Service Ltd
PO Box 541
Amersham
Bucks
HP6 6ZR

Phone 0845 226 7837
Email deposits@tds.gb.com
Fax 01494 431 123

If Naylius McKenzie is instructed by the Landlord to hold the Deposit, Naylius McKenzie shall do so under the terms of the Tenancy Deposit Scheme.

The Tenancy Agreement

Once all terms have been agreed by both parties and satisfactory references have been received, all documentation is forwarded to you and the Landlord for signature.

Inventory

Before the tenancy begins, an inventory is prepared detailing the contents and condition of the property. This is carried out by an independent inventory clerk and a copy supplied to both Landlord and Tenant. The Landlord pays for the inventory before the commencement of the Tenancy, and the Tenant pays for the check out of the inventory at the end of the Tenancy. The inventory is there to protect both the Landlord and Tenant and such costs should be seen as a necessary investment that helps protect the interest of both parties.

Moving In

Once the tenancy agreement has been signed and cleared funds have been received in respect of the rent and deposit, the tenancy can proceed. On the day the tenancy commences, we will hand over to you the keys and you can then start enjoying your new rental home.

Utilities/Council Tax

Prior to the commencement of the Tenancy Agreement Naylius McKenzie will read the meters and advise the relevant authority that the supply will be taken over by the new tenant. We will also advise the appropriate Council Tax department.

Band Amount of tax
for Camden (£)
Amount of
tax for GLA (£)
Total council tax
2013/2014 (£)
A
680.99
202.00
882.99
B
794.48
235.67
1,030.15
C
907.98
269.33
1,177.31
D
1,021.48
303.00
1,324.48
E
1,248.48
370.33
1,618.81
F
1,475.47
437.67
1,913.14
G
1,702.47
505.00
2,207.47
H
2,042.96
606.00
2,648.96

back to top


020 7284 2266

74 Haverstock Hill, Belsize Park, London NW3 2BE enquiries@naylius-mckenzie.co.uk