Hassle-free property management
Buckinghams was established in 1991 on the principles of providing our clients with a professional, bespoke and fresh approach to estate agency. The entire letting process from marketing, tenancy administration, property management and the tenancy checkout is all done in-house from our one office via our lettings team, who have over 40 yearsā experience in the property industry. As part of our management service we carry out regular property visits and act as the point of contact for all maintenance issues including out of office hours emergencies. With the assistance of our qualified contractors we work to resolve all issues as efficiently as possible.
Full range of services
We are able to offer you a full range of services including, Property Sales, Lettings and Property Management for our surrounding area.
We offer 3 different levels
of service to suit your requirements:
Full Management
A complete service, designed for landlords who wish to leave all the day to day management of the property to professionals but still retain control over important decisions on expenditure over and above an agreed level (typically Ā£300.00)
Rent Collection
This service suits landlords able to be on 24 hour call, with their own emergency maintenance staff, and who are prepared to deal with tenants directly on any matter. We would normally only liaise with the tenant for renewals, notices and collection of rent to us. After the tenant is in site, we only liaise with them for renewals, notices and the collection of rent.
Tenant Find Only
This service is offered to Landlords requiring a tenant search only
Managing Your Property
Managing Your Property
Buckinghams are experienced in managing property; we have a reliable team of trustworthy, professional tradesmen to support any emergency or maintenance situation.
Should a problem arise, our professional team will arrange to remedy the situation promptly, minimising any inconvenience to your tenant by using the most cost effective solution.
Buckinghams ensure all contractors hold required accreditation and public liability insurance.
Management Visits
Management Visits
We will inspect all fully managed properties at least every 6 months and will forward copies of our report to both tenant and landlord.
By taking a regular interest in your property we have found the tenantās standard of care is considerably higher.
Rental Payments to Landlord
Rental Payments to Landlord
Buckinghams use a sophisticated client accounting/property management computer system. A landlordās account will be credited usually within 3 working days of receipt of rent, an itemised statement showing all receipts and expenditure will be forwarded monthly, together with supporting invoices.
Annual income and expenditure statements can also be provided to assist with self-assessment returns.
Taxation
Current Legislation states that rental income is taxable, any costs incurred (agent, accountant, legal fees & maintenance/gardening costs) may be offset against final income, currently a furnished property may have a maximum of 10% āoff-setā for fair wear and tear. Landlords resident overseas will need to complete the relevant NRL1 form for zero tax liability on rental income. Assuming your tax affairs are in order, approval is usually granted without delay. Without this approval Buckinghams will be required to deduct 20% of any income received and pass this onto the revenue on a quarterly basis. We recommend that you consult your accountant to discuss the full tax implications before letting your property.
Landlord Responsibilities:
- Payment of Ground Rent
- Service Charges
- Repairs and Maintenance to the property and appliances
- Buildings and Contents Insurance
The tenant will assume responsibility for all other charges (Subject to any provision to the contrary in the Tenancy Agreement) they will also be responsible for insuring their own possessions.
Checking-out the Tenant
When a tenant gives notice of their intention to leave (usually at least 60 days) and following your instructions, re-marketing of the property would commence immediately in order to avoid a gap between tenancies. Where possible the same inventory clerk will check-out the tenant under the same conditions as the check-in. The check-out report will include any costs for decoration or repairs and with the agreement of both parties will be deducted from the deposit. Where the landlord is managing the property the refund/part refund of the deposit will be made once Buckinghams have received instruction that all parties are in agreement.
Sound advice since 1991
Buckinghams have been covering Sales, Lettings and Property Management since 1991. Our directors are experts in these disciplines dating back as early as 1984.