What is let agreed in the UK?
What happens after your property has been successfully let?
With the let agreed, you are one step closer to successfully letting your property! There are several tasks your chosen lettings agent will now undertake, whether they are managing the property or not.
Letting agent responsibilities
- Written Communication: The agent will communicate with all parties to confirm the rent amount, the payment schedule (e.g., weekly, monthly), and any conditions of the tenancy.
- References: The agent will obtain references from the tenants and a guarantor if required.
- Tenancy Agreement: All parties must read and sign the Tenancy Agreement.
- Payments: The agent will collect payments needed to start the tenancy, such as the deposit and the first month’s rent. All deposits must be registered with a deposit protection scheme.
Landlord responsibilities
While the lettings agency is handling the above tasks, there are several responsibilities you, as a landlord, need to manage:
- Inventory Report: Arrange a professional and comprehensive inventory report detailing all items in the house, such as carpets and furniture, along with their condition. This is crucial for making any deductions at the end of the tenancy for damages.
- Utility Accounts: Ensure your new tenants set up the necessary accounts and transfer names for utility providers (gas, electric, and water), and provide meter readings if requested. They will also need to set up or transfer accounts for telephone suppliers, council tax, and TV licensing.
- Safety Compliance: Make sure all furniture and furnishings comply with the latest fire regulations.
- Gas Appliances: Ensure all gas appliances and equipment have been serviced by a CORGI-registered engineer and keep safety records in a safe place.
- Electrical Safety: Ensure all electrical wiring has been checked and approved by a qualified electrician.
Tenant responsibilities
Tenants also have tasks to complete before moving in:
- Credit Check and References: Complete a credit check and supply references.
- Sign Documents: Sign documents listing important details such as bank information for rent payments and contact details.
- Deposit: Prepare to pay the deposit. Alternatively, tenants can use Flatfair to rent deposit-free with a one-off membership fee and cover any end-of-tenancy charges.
- Inventory: Review the property inventory to ensure it is as agreed.
Once all these tasks are completed, a mutually convenient moving day can be set
Moving day responsibilities
Once a moving date has been confirmed, tenants can move in and start their lease. If the lettings agency holds the keys, you must instruct them to hand the keys over to the tenants on moving day. Additionally, if the property is managed by a property management service through the lettings agency, make sure the tenants are provided with the relevant contact information.
Congratulations! You have successfully let your property!
We make lettings simple, contact us today!
Interested in letting your property? Reach out to your nearest Haybrook branch via our branch finder. Our expert lettings teams are ready to assist you!
Have questions about letting your property? Contact us.
