Landlords
Farr & Farr Lettings are part of Gloucester’s longest established independent estate agency. Our office in Longlevens focuses exclusively on Lettings and property management. Covering the whole of Gloucestershire and its surrounding villages.
We know that as a landlord you’ve worked hard to acquire your portfolio, be that one property or many. As a landlord you need an agent that will cut through the jargon.
We know we’re a cut above the rest. Farr & Farr take an immense amount of pride in giving all our Landlords the best possible service imaginable. This letting agent has never been big on a hard sell or making you choose between several different levels of service. Our contract is easy to follow and you’ll always receive an honest answer. It’s hard enough being a Landlord, your agent should make your life as simple and as easy as possible. See, we really weren’t lying when we said no jargon.
Come and meet the team, tell us all about your property plans and see if Farr & Farr is right for you. We appreciate not everyone has the time to pop in and have a conversation, we’re also happy to have a chat over the phone or for you to send us an email.
Landlord Service Packages
We believe that our fee structure should be clear and concise with no nasty or hidden fees. An example of this would be that we do not charge you an arrangement fee for overseeing any maintenance at your property.
Our Full Management package is fully inclusive and covers just about everything we’ll ever do on your behalf.
Let Only
60% of the first month’s rent (subject to a minimum fee of £550 + VAT) to market, find a Tenant, reference and draw up tenancy agreement.
Register deposit with DPS – £50.00 + VAT
Inventory fee – £95.00 – £175.00 + VAT as below
Check out inspection with recommended costing – £150.00 + VAT
For example, If a property had a rental value of £1000.00 per calendar month, we would charge £720.00 (inc VAT) when using our Let Only package.
The benefits of Our Let Only package are:
- Expert photographs of the property
- Marketing the property on Rightmove, Zoopla, OnTheMarket and our social media platforms
- Accompanied viewings.
- Full referencing including previous landlords, credit checks, income checks and identification checks.
- Optional Rent and Legal protection.
- Preparation of the assured shorthold tenancy agreement.
- Receiving initial rent and deposit.
- Transferring the initial rent and deposit to you nominated bank account.
Full Management
Ongoing management fee of 10% + VAT of the passing rent
Tenancy set up fee – £225.00 + VAT
Rent Guarantee policy – £25.00 + VAT per month.
For example, If a property had a rental value of £600.00 per calendar month, we would charge £72.00 (inc VAT) per calendar month when using our Full Management package.
The benefits of the Full Management package are:
- Expert photographs of the property.
- Marketing the property on Rightmove, Zoopla, OnTheMarket and our social media platforms.
- Accompanied viewings.
- Full referencing including previous landlords, credit checks, income checks and identification (Right to Rent) checks.
- Optional Rent and Legal protection.
- Preparation of the assured shorthold tenancy agreement.
- Receiving initial rent and deposit.
- Ensuring the property is compliant with the latest legislation.
- Ensuring the property has all the necessary safety certificates.
- Registration of the deposit with the Deposit Protection Scheme.
- Full inventory (check-in) report including smoke alarm and carbon monoxide checks.
- Informing the relevant utility companies and council about the change of occupier.
- Monthly remittance advice.
- Pursuance of non-payment of rent and providing advice on rent arrears.
- A minimum of two inspections annually and further inspection if required. A complete PDF report will be emailed to you.
- Arrange any contractor visits for maintenance needed or safety certificates.
- Annual rent reviews and negotiations.
- Regular compliance updates.
- Service of the required forms should you require vacant possession of the property.
- An end of tenancy (check-out) report.
- Informing the relevant utility companies and council about the tenancy ending.
- Liaison and processing of deposit dispute resolution.
- Arranging any works needed to reinstate the property.
Letting your propety with Farr & Farr
As a landlord, you’re probably looking for a clear and decisive plan on how to maximize your investment. We’ve got you covered with three simple steps to letting a property through Farr & Farr.
Step 1 – Valuation & Preparation
We’ll agree a time to attend your property to conduct a valuation. It’s here we’ll discuss your property, your needs and expectations. You’ll have an opportunity to ask any questions that you may have to make sure you are satisfied. After this we’ll then agree the marketing strategy and the listing price. From there we’ll take some expert photos to ensure your property is looking its best.
Step 2 – Viewings & Tenancy
We conduct accompanied viewings. Don’t worry, we’ll have pre-qualified anyone attending these viewings with our comprehensive applicant questionnaire. After the viewing, we will give you the full details of every interested applicant(s). You can either make the decision on which applicant(s) you like the best or you can leave it to us to decide. After that, the applicant(s) will undergo full referencing. If you opted for Full Management we’d have conducted a full inventory (check-in) report and ensured all the essential checks and paperwork are in place. Finally, rent and deposit are paid and the tenancy begins.
Step 3 – Management & Maintenance
For the Full Management package we’ll register the deposit, notify the relevant utility companies and council about the change of occupier, continually ensure the property is compliant with the latest legislation and ensure the property has all the necessary safety certificates. We conduct a minimum of two inspections annually and more if required. We deal with any regular maintenance and emergencies that arise. The Full Management package ought to be called an ‘easy life’ package.
Inventory Fees
1 bed flat – £95.00 + VAT
2 bed flat – £110.00 + VAT
1/2 bed house – £120.00 + VAT
3 bed house – £135.00 + VAT
4 bed house – £150.00 + VAT
5+ bed house – £175.00 + VAT
One-off fees (for landlord’s who have already found a tenant)
Draw up AST – £75.00 + VAT
Register deposit – £75.00 + VAT
Tenant Referencing – £75.00 + VAT
Contact your local Farr & Farr branch today to start your letting journey!