Property Management . . .
. . . MAKING YOUR LIFE STRESS FREE
. . . MAKING YOUR LIFE STRESS FREE
At Millennium residential we take great pride in managing your property or property portfolio – making your investment(s) stress free.
A tailored service designed to suit you
We recognise that each client has their own unique requirements; a private independent landlord will require a different service to an individual investor, family trust or overseas landlord, so at Millennium residential there is no such thing as a standard service, therefore we offer a bespoke service that is tailored to each client’s individual needs.
Our management service
It is compulsory that all deposits are registered. Under new legislation introduced on 6th April 2007, any deposit taken can be registered with; Deposit Protection Service, (DPS), My Deposits or Tenancy Deposit Scheme (TDS). Whichever scheme is used, we will give all tenants the information for them to read and sign prior to move in.
The Gas Safety (Installation and Use) Regulations 1998 deal with landlords duties to make sure gas pipe work, appliances and chimneys/flues provided for tenants are safe.
It is the landlords responsibility to comply with the Gas Safety (Installation & Use) Regulations 1998, Which states that a Landlord must arrange a Gas safety Inspection at the property to be carried out by a GAS SAFE registered engineer. This must be done every 12 months. As part of our management service we organise this on your behalf.
Landlords must ensure that all electrical appliances and the electrical supply is ‘safe’ and will not cause danger. Millennium residential therefore suggest that you arrange for your local Electricity Board or a self-certified NICEIC qualified electrician to carry out an inspection of the wiring and all electrical appliances throughout your property prior to any letting. As part of our management service we organise this on your behalf.
Furniture and furnishings
The Furniture and Furnishings (Fire) (Safety) Regulations 1988 (as amended in 1989, 1993 and 2010)
It is the landlord’s legal responsibility to ensure that any furniture in the property (whether originally provided or added during the Tenancy) complies with these regulations. You will need to ensure that the furniture in the property carries the manufacturer’s permanent and fixed label showing compliance at the point of sale. If compliance cannot be proved, the item must be removed and replaced. The regulations basically apply to all upholstery and upholstered furnishings, loose fittings, permanent or loose covers, manufactured after 1950. The offence carries a punishment of six months imprisonment or a fine to a maximum of £5,000 or both
Tax advice for overseas landlords
Under the Finance Act 1995, any landlord considered a non-resident for tax purposes has to pay United Kingdom Income Tax. Millennium residential are obliged by law to deduct tax from rental monies received unless we receive an ‘Exemption Certificate’ from the Inland Revenue. Whilst it is the landlord’s responsibility to obtain the ‘Exemption Certificate’, we can advise you on how to go about applying for it. For more information please call one of our members of staff or visit our office
This guide is intended to help readers navigate their way through the letting process under the estate agency systems in England and Wales. Readers take any advice at their own risk. Millennium residential accepts no responsibility for any action taken, or loss occurring as a result of any advice and/or information in this guide.
If you require further information or advice, please contact us on 020 7794 0400 or email email@example.com or come to our office for a friendly chat.