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Landlord Guide

Valuation

At London Real Estate Office, we take pride in our knowledge of the lettings market and current trends, and are best placed to advise you on the achievable value of your property. We can also advise you on presenting your property for viewings and give you some ideas on décor, furnishings and white goods. Talk to us today for a free no-obligation quotation.

Let only or Managed?

Depending on how much you wish to get involved in the day to day running of your rental portfolio will determine which service you select with LREO – We can do everything from repairs and maintenance to rent collection and renewals, or simply find and reference your tenants and hand over the rest to you once they’ve moved in. The choice is yours.

Marketing

Experts in the industry, LREO know how to successfully market a property for a quick and easy letting process. We already have a portfolio of vetted, affluent individuals looking for a prime Central London home to rent, but we also advertise your property on our website and on a number of property portals including Zoopla and On The Market. We present your rental property in the most attractive way to your target audience, writing detailed, engaging descriptions and striking, high-quality images of your property. With your permission, we will also erect a tasteful To Let board outside your property for optimal engagement.

Viewings

Once we have received your instruction, our first port of call is LREO’s extensive database of high-quality applicants seeking luxury rental accommodation in Central London – we will make contact with those we feel would be suitable based on your criteria, and arrange a viewing at your earliest convenience. We accompany all prospective tenants during the viewing at your home and, for your peace of mind, we provide thorough feedback to you regarding their suitability.

Accept offer

LREO considers the letting process a partnership, so we endeavour to keep you updated at every stage – as soon as we receive interest in your property, we will discuss all relevant details about the new tenants and their requirements. If you’re happy to proceed with the offer, LREO will draft a prospective tenancy agreement, and contact the applicant to arrange payment of a Holding Deposit and begin the referencing process.

Undergo references

Your peace of mind is of optimum importance to LREO, which is why we conduct a thorough vetting and referencing process to ensure you receive exceptional tenants who respect your property and treat it as if it were their own. During this time, we will obtain relevant documentation from the potential tenants, including previous landlord references (if applicable), employment references, proof of earnings and check the potential of any adverse credit. We also perform Right to Rent checks, and request proof of identity and proof of address.

Sign paperwork

At this stage, we ask the tenants to pay the balance of funds and will set a date and time for them to sign the tenancy agreement. Once signed by all parties, a copy of the Agreement will be sent to you, along with copies of all relevant paperwork given to the yen ants.

Transfer initial monies

We will transfer to you your first month’s rent (less our fee), and will email you a detailed statement of all outgoings and the balance that will be remitted to you. If the property is managed by us, we will register the deposit in our Government-approved Deposit Registration Scheme in line with Government guidelines. Otherwise, we will also forward the deposit for you to protect.

Tenant moves in

On the day, an experienced member of the LREO team will perform the check-in with the new tenants and agree the contents of the inventory, and will also take meter readings and hand over the new tenants’ keys.