West Hampstead

London Property Management - Property Management Company in London

Paramount Properties are a north west London property management company covering Brondesbury, Cricklewood, Hampstead, Little Venice, Kensal Rise, Kilburn, Maida Vale, Mapesbury Estate, Queens Park, St Johns Wood, South Hampstead, West Hampstead and Willesden Green.

Residential property management is about ensuring the upkeep and maintenance of the property to a decent standard. It is also about ensuring that the mundane, but vital tasks such as building insurance and company accounts are administered in a correct and timely manner. We can act on behalf of the owner to lift away the worries and hassle of complex and time consuming property management tasks.

Renting your property can be both time consuming and expensive. There are a number of property management options and these are discussed in some detail below: Letting and property management agents provide a number of different types of services to landlords. The level of service will very often determine the amount they charge. Property management charges are usually commission, based on the annual rental income of your property. You should therefore discuss and compare the charges of different London property management and London lettings agents in the area

Introduction Only: The introduction service offered by London letting agents very often gives landlords the most basic of all services available. It consists of finding suitable tenants for your London property, applying for references, preparing the tenancy the tenancy agreement and collection of the first month's rent and deposit. The letting agents' charges are deducted from the first month's rent and deposit. As landlord you will be responsible for the deposit and for all future property management issues.

Rent Collection: The rent collection service includes all the services offered under the introduction only service, together with a rent collection service. Once rent is collected the letting agents' rent collection commission is deducted and balance is paid to the landlord. The landlord is expected to arrange to inspect the property and deal with any repairs under the terms of the agreement. The issues of notices to quit are normally dealt with by the letting agent but the landlord will need to make his or her own arrangements to deal with all aspects of the tenant moving out and related property management issues.

Full Management: The fully managed property service offered is the most comprehensive and deals with almost all the issues of property management required on a daily basis. Urgent repairs will be undertaken as needed by the letting agent and quotes will be obtained for other non-essential matters. The payment for any expenditure will be deducted from rents collected before any payments are made to the landlord. For landlords who working or living abroad this property management service is essential as all matters are left in the hands of the letting agent

As your letting and property management agent we aim to make sure that residential flat management maximises benefits to all parties in a worry free manner. Our lettings agency service can be tailored to fit your requirement. Amongst other things our London property management service can include:

• Arrange building insurance and negotiating premiums.
  
• Administering insurance claims and subsequent rectification work.
  
• Organise communal gardening.
  
• Administering the payment of ground rent (if applicable).
  
• Arrange regular cleaning of communal areas.
  
• Organise the collection of resident's contributions each month.
  
• Administer the accounts and deal with Companies House.
  
• Organise regular meetings with residents or their representatives.

Paramount Properties are London property management experts providing solutions to any rental or tenancy problem. Whether you are an experienced or novice landlord owning 1 or 100 properties, we can help you by solving your rental or tenancy problems.

Market Appraisal

A visit to the property and a discussion which will include a Market Appraisal, advice on letting and information about Lettings and related services.

Marketing and Advertising

The publication of the availability of the property, from time to time, through whichever means is available and appropriate in the opinion of the company Paramount Properties hereinafter referred to as 'the Company'.

Erect a "To Let" board

• Automatic entry onto our Internet website.

Tenants

• Introducing a tenant.
• Negotiating an acceptable rent.
• Negotiating special terms in the tenancy agreement, as required.
• Referencing to include a bank reference and, as appropriate, references from an employer, an accountant, a solicitor, a previous landlord or lender, and a personal reference. Appropriate references are taken for company lets, including reviewing the last set of filed accounts and, if required, trade references.

Legal Formalities

• Drafting the tenancy agreement
• Executing the exchange of the tenancy agreement

Initial Accounts

• Receiving settlement of the initial account.
• Collecting and holding or transferring the deposit.
• Vacation arrangements.
• Serving the appropriate notices.
• Arranging the inventory check-out.
• Dispersing the deposit as agreed between the parties.

Renewals

Reviewing and negotiating on your behalf:

• Rent,
• deposit,
• special terms,
• length of the new tenancy.

Letting property management service commission and fees

Commission. Upon exchange of property management agreements, our commission of 10% of the gross rental for the period of the Agreement becomes due. This includes AST Contract charge of £50.00 plus VAT. If the Tenant vacates before the expiry of the Agreement then a pro rata refund of the commission will be made.

If the tenancy is renewed or extended, or an option to renew is exercised, whether or not negotiated by us, our commission and other charges will be as for a new let.

If an associated party is introduced to you, either directly or indirectly, by a tenant who we introduce to you, and that third party takes up occupancy of a property that you own, our commission and property management fees will become payable in respect of that letting, and extension thereto. If a tenant agrees to purchase the property that he/she is currently renting then a residential sales fee of 2% will become payable.