1. How much will it cost me to let my property? The costs
involved in letting your property consist of: Generally there is no
cost involved in letting your property. Commission is payable by
the tenant. In case landlord is overseas, there are some costs
involved. Please ask your agent for details.
there any additional marketing costs? Your estate agent
should include all marketing expenses within their commission fee
but it is worth checking this before you instruct an estate agent,
as some may charge an additional fee for advertising etc.
3. Who will conduct viewings on my property and when will they
occur? Your estate agent should accompany all viewings during
their opening hours. However, in some circumstances they may ask
you to conduct the occasional viewing. It is advisable to choose an
estate agent who offers flexible working hours to maximise viewing
potential and minimise the number of viewings you have to conduct
4. Do I need to be present for viewings?
If your estate agent is accompanying all viewings and they have the
access codes and keys for your property then your presence is not
5. How much will it cost to have annual
maintenance contract for my property? You can take annual
maintenance contract with one of the recommended and reputed firm.
The cost vary depending on type of property. Please ask your agent
6. How much is the tenant's deposit and
what happens to it? Typically this is 5% of the annual rent
and is payable upon the signing of the Tenancy Agreement. The
deposit is refundable on completion of contract subject to
satisfactory inspection of property. It is worth noting that buyers
often feel more relaxed when the owner is not present.
How long does it take to receive my rent once paid by the tenant?
At the time of signing the tenancy contract, you will receive
the deposit cheque as well as all rental cheques covering the
entire rental period.