Frequently Asked Questions from a Landlord

FULLY MANAGED OR INTRODUCTION ONLY, WHAT IS THE DIFFERENCE?

A ‘fully managed’ service basically means that we will take care of the day to day running of the apartment, so the tenant will not get your contact number or email address, we will act as point of contact on your behalf, effectively we are the middle men to save you lots of unnecessary time dealing with issues that are not obligated to deal with as a landlord or just might not have the time to deal with. We will also collect the rent and ensure it’s paid into your account, on time every month.

Our Management Service Includes:

  • Rental Guarantee cover*terms apply
  • Produce new tenancy documents (AST, prescribed deposit information)
  • We subscribe and advertise on all three major web portals: rightmove.co.uk, zoopla.co.uk and onthemarket.com
  • Property uploaded onto nearly 40 other national web portals
  • Extensive advertising in Manchester media
  • Intensive character, employment and financial referencing on all prospective tenants
  • Photographic Inventory prior to any new tenancy
  • Tenants deposit paid into the Deposit Protection Scheme in line with government legislation
  • Thorough checkout reports for every tenancy, in line with current deposit legislation
  • Quarterly inspections
  • Rent collection, all rents are then paid into your nominated bank account the same day we receive them
  • Regular monthly statements

Our ‘Introduction Only’ service means that once the tenant has moved in they will be issued with your telephone number and home address so if they have any issues with the apartment they will contact your directly.

WHAT IS RENTAL GUARANTEE

We can provide rental guarantee on most tenancies, providing tenants meet our referencing criteria. rental guarantee is at added cost and terms apply. This means that should your tenant run into difficulty paying their rent during the tenancy the insurance kicks in and you are guaranteed your rent for the remainder of the tenancy.

WHO WILL CARRY OUT THE VIEWINGS?

We accompany all prospective tenants on viewings so that we can offer

DO I NEED AN EPC?

Since 1ST October 2008 it has been a legal requirement for all landlords to have a valid EPC for their property before it can be let or placed on the market. An EPC is valid for 10 years from the date it is issued. It can be used for multiple tenancies within that period. Please call 0161 236 6088 or email propertymanagement@granitelettings.com and we can arrange an EPC for you within 48 hours.

DO I NEED A HOME INFORMATION PACK (HIP)

Home Information Packs or HIPS were suspended as of 21st May 2010 so landlords and vendors no longer need to provide them. Energy Performance certificates are still required.

HOW MUCH DEPOSIT WILL THE TENANT PAY?

As of the 1st June, a tenant fee ban came into effect. Therefore, an agent or landlord can only take one months rent in advance and a maximum of 5 weeks rent as a deposit. Holding deposit is capped at 1 weeks rent.

DO I NEED TO PROVIDE AN INVENTORY

With the introduction of the tenancy deposit scheme it is highly recommended that a photographic inventory is prepared at the start of each tenancy. Should there be an discrepancies at the end of the tenancy when the tenant comes to move out it is almost impossible to get reimbursement from the deposit scheme without this as proof to illustrate how the property was handed over to the tenant when they moved in.

HOW MUCH WILL AN INVENTORY COST ME?

We currently include a free photographic inventory with every property we manage, inventories are only chargeable for landlords that choose a let only service. 90% of agents will charge you extra for this.

  • Property Ombudsman
  • Right Move
  • The Property Ombudsman
  • The Property Ombudsman
  • The Property Ombudsman
  • DPS