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Information for Landlords

Before a tenant moves in, we make sure a detailed inventory is prepared by a qualified member of staff to record the contents of your property and the condition it is in before check-in, this detailed report is then referenced when the tenant checks out.

Every tenant we find is thoroughly qualified and vetted, with ID and credit checks as standard.  A professional referencing company will carry out tenant checks and references will be required from employers – and previous landlords where applicable.

We have a dedicated rent collections team, an online maintenance portal as well as a 24/7 emergency maintenance response number and we carry out regular property inspections to ensure things are as they should be.

Centrick is a member of the Tenancy Deposit Scheme (TDS), a government approved scheme to ensure deposits are protected and any disputes about the return of a deposit are resolved impartially.

We also offer a Nil Deposit Scheme through Let Alliance which provides an alternative to the traditional deposit for tenants who find it hard to pay a deposit on their new property when their previous deposit hasn’t been returned yet.  This option enables you to rent out your property more quickly whilst guaranteeing you will still be reimbursed for any damage.  For more information, click here.

How does it work?

  • Your tenant pays a Nil Deposit service charge equivalent to 1 week’s rent plus VATto Let Alliance
  • For Example £780PCM. 1 week’s rent £180 – Nil Deposit service charge is £216
  • The Let Alliance Nil Deposit service manages the payment of any entitlement for any breach of the tenancy
    agreement up to a maximum of 6 week’s rent, via your letting agent
  • The tenant will reimburse LetAlliance for the sum agreed, or determined by an independent
    adjudicator in the case of a dispute
  • For rentals with more than one tenant a lead tenant is nominated
  • Tenants’ liability insurance is in place for the complete tenancy term and the tenant provides a copy of
    their insurance certificate
  • When a tenancy is extended,the Nil Deposit scheme can be extended with the tenant paying an extension
    service charge of £30 including VAT to Let Alliance, and the Scheme is renewable every 12 months as a
    minimum

What’s in it for you?

  • Nil Deposit as an alternative to a traditional deposit encourages more interest and applications from
    tenants for your property, compared to others where a traditional deposit is required
  • Providing choice assists in renting your property faster

Our tenancy agreements comply with the Housing Act (or contract law if it is a company let) and are designed to fully protect your rights as a landlord.  They are subject to regular reviews to take account of any new changes in legislation.

If you’d like an idea of what you and your tenant will sign, click on the following links:

Example Managed Assured Shorthold Tenancy Agreement

Example Let Only Assured Shorthold Tenancy Agreement

Example Company Agreement

At Centrick, we always advise that you ensure  your investment property has a comprehensive building and contents insurance policy in place.

Our referencing partner, Let Alliance, offer a variety of insurance products that may be suitable for you. Just click on relevant branch below to find out more…

Solihull

Birmingham

Nationwide

Nottingham

Looking for a mortgage advisor, accountant or solicitor? 

Get in touch for a list of professionals we regularly work with and who we would highly recommend.

Lettings Fees