Property Management and Lettings 2019

As January is virtually over, we all feel that it has been a very long month – it has!!

This week it was announced that landlords and letting agents will be required to adhere to more legislation, with 2018 seeing the busiest time for agents and landlords with new legislation.

The housing minister, Heather Wheeler has announced that rented homes will soon have to have 5 yearly electrical safety checks. We always knew this would be coming and we do welcome it, as it will make sure all rented homes are in a safe condition. It’s just at the wrong time for landlords, with all the extra expense and legislation they have had recently.

It should have been made mandatory some years ago! As it may well put more landlords off in the future from investing in property, which in turn will increase rent from too much demand and not enough supply of property.

We currently have to oblige to section 11 of the Landlord and Tenant Act 1985, for keeping electrical installations in good repair and proper working order in residential lettings . Landlords may also be liable for the injury of a tenant caused by defective wiring under the Defective Premises Act 1972. AGT always make sure properties are safe and habitual, instructing a qualified contractor to assess if any doubt. Click here to see ‘what we do’.

60% of AGT’s portfolio does have electrical safety certificates on the properties, due to properties being in the selective licensing area, HMO’s and peace of mind for landlords. We will be discussing with our landlords over the next month or so about having the electrical safety checks carried out ASAP, rather than waiting until the last minute due to the risk of electricians being fully booked and costs rising.

Also this week it was announced that any Private Landlord(s) (Self Managing) will need to be members of a redress scheme. Fines of up to £5000 will be given out if they fail to do so. A redress scheme will be available for when a complaint isn’t dealt with so tenants will be able to report any issues to the scheme provider and action will be taken.

Lettings agents legally had to become a member of a redress scheme back in October 2014. AGT are members of the Property Ombudsman. Private landlords will either chose to pay the yearly fee and carry on or they will use a reputable letting agent as they will have membership.

Please have a look at our latest Social Media Page 

Thank you for reading our latest blog.

Christmas 2018

As Christmas is on its way the property market generally quiets down in December. AGT have been very active over the last week, letting 4 rooms in shared houses and 3 family homes.

We currently have 1 room available to rent in Milton Road, Fletton at £75 per week. All bills, wifi and TV license is included.

Please contact us if you wish to arrange a viewing or to discuss the room available.

We do have a studio coming available in January, in South Bretton, a short walk to Peterborough City Hospital. The room is furnished with a double bed, wardrobe, chest of draws and bed side cabinet. It has a kitchen area with sink, 2 burner electric hob and fridge with freezer compartment. There is a private bathroom with this studio downstairs. This studio is £100 per week and includes all bills and Virgin Superfast Broadband. (No TV License as separate studio rooms, they need their own independently)

You can see how the studio looks here – Studio To Rent

The best part of doing what we do is when we match great tenants with great landlords. Especially this time of year when families can just about move in and get settled into their new home for Christmas. A lot of our new tenants have had to move because their current landlords are selling the property they live in. This seems to be a theme revolving around Brexit, landlords selling because they are worried that house prices are going to go down and they don’t want to be in negative equity!

From the research we do, we will never really know what will happen, until it does. We do predict house prices to go down slightly, but we believe they will soon go back up. Unfortunately we also believe rents will rise again next year. The government are giving landlords a rough time and when the tenant fee ban comes into force next year, it will only increase rents to combat agents loss of income. We wrote to the government with our views on the tenant fee ban, which we believe should be capped at £100. There is a lot of work which goes into letting out a property and referencing does need to be paid for. However some agent fees are very expensive and this is why the government are banning all fees!

AGT doesn’t have a high street presence, meaning the money we save on office space is passed over to landlords and tenants, keeping our fees low but still able to offer a personalised, honest, friendly service.

Can AGT help you on finding your next tenant?

We wish everyone a Merry Christmas and we hope December isn’t too hectic.

Property For Rent – Bretton

AGT are pleased to offer this property for rent. The property is located in Bretton, Peterborough. It is newly decorated and carpeted, with three bedrooms, making it the perfect family home.

Could this be your next family home?The property has a good size kitchen/diner with a separate lounge.

This property for rent is marketed at £750 pcm, with a Deposit required of £850.

Charges

We do charge £160 application fee, but this is per property and not per tenant. We don’t charge any extras for guarantors, check in/out, tenancy agreements etc. Everything is included within the £160 application fee.

The property for rent is a long term let, so you as a family will be able to get and stay settled for many years to come.

Bretton

Bretton has a lot of local amenities, the ice rink and snooker hall is only a short walk. Local shops and major supermarkets are within easy walking distance. Good road links are easily accessible and there are ample primary schools within walking distance with the nearest secondary school only a 25 minuet walk.

To see all of our properties to rent, please click here – AGT – Property For Rent

ARLApropertymark

Remember, we are members of ARLApropertymark.

Why use a ARLApropertymark member?

• Backed by Propertymark Client Money Protection scheme

• Experienced and trained professionals required to undertake regular training

• Up to date with complex legislative changes and best practice

• Adhere to nationally recognised Code of Practice

• Submit independently audited accounts to Propertymark annually

• Membership of an idependent redress scheme

• Professional indemnity insurance

Call us for a free, confidential chat to see if we can help you find your next home. Bretton isn’t the only area we have properties available.

Love your home like we love our property. We pride ourselves on matching great tenants with great landlords.

Tenants – have a look at our tenants page – Tenants info

Landlords – have a look at our landlords page – Landlord info

You can find more out about us here – About us

Thank you for reading our property to rent blog, we look forward to speaking to you soon.

Great Eastern Run

Just a heads-up folks.

The Great Eastern Run will be disrupting the Peterborough area on 12th October. Please check the route before making travel arrangements.

Thanks