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Guide to letting your property

If you are considering letting your property read our letting guide to get to grips with the process. Please contact us with any questions and to arrange a free valuation for your rental property.

Research the best agent for your area

Read reviews at Google Reviews and Feefo, and visit estate agent websites and offices to get full details and examples of how they will market your property.

ARLA Propertymark

The lettings industry is unregulated which means anybody can set up a lettings business. All of Paramount’s agents are ARLA Propertymark members. ARLA Propertymark agents agree to have their accounts audited annually, have client money protection (CMP), meet the highest standards in the industry and make a commitment to customer service. 

Valuation

No two properties are the same, so a lettings negotiator will arrange to view your property to conduct a full rental valuation. If you are unsure whether to sell or let your property we can arrange for a sales negotiator to value the property at the same time.

Rental value

During the property valuation, let us know of any additional benefits the property has. We will also highlight what we consider to be the key features of the property. As our negotiators have worked in the area for many years they use their local experience and market knowledge to determine how much the property will let for.

Marketing your property

Once we have been instructed to let your property we will arrange for a professional photographer to take photographs of your property, including a floorplan and virtual tour. We will list the property on our website and upload to property portals, as well as contacting all applicants on our database currently searching for a similar property.

Viewings

If there are tenants currently in your property we provide them with a minimum of 24 hours’ notice about upcoming viewings. To maintain a good relationship with the tenant we try to organise a block of viewings to minimise any disturbance, maintaining the quiet enjoyment of the tenancy without affecting the marketing of your property.

Offers

You will be contacted when an offer is received on your property. At this point, the applicant might have requirements, like the removal or addition of furniture or remedial works, which we will discuss with you.

Referencing

Once you have accepted an offer the tenant will be referenced. We check the tenant is who they say they are and ensure they are able to pay the rent (their annual salary needs to be 2.5x the annual rent). Referencing is conducted by our New Home team.

Tenancy deposit scheme

When terms have been agreed with a tenant it is a legal requirement for their rental deposit to be entered into a deposit protection scheme. At Paramount we register all deposits with the Tenancy Deposit Scheme (TDS), although some let only landlords hold deposits in their own nominated schemes.

Fees

Take a look at our fees for landlords.

We help existing landlords maximise their return for a minimal capital outlay. With Paramount you will only have one person to deal with a dedicated, experienced and professional contact.

Avoiding the void is our ethos and we help landlords expand their portfolio, project manage developments and secure preferential rates with accredited agents across London.

Paramount Maintenance provides a general service including tiling, decorating, plumbing, professional cleaning and electrical works.

Working with our Property Management department, Paramount Maintenance are on call 24/7 to deal with tenancy issues. Our team of experienced electricians, plumbers, locksmiths and general maintenance tradesmen investigate all issues on behalf of our landlords and offer competitive rates to get problems fixed.

Prevention is better (and more cost-effective) than a cure, which is why our maintenance team report any minor issues to the landlord that can be repaired quickly, to minimise wear and tear on the property.

Managed tenants

Live in a property managed by Paramount? Please log your maintenance issue here.

At Paramount we offer three different tiers of landlord services; each of which has been carefully designed to suit your requirements. Whichever package you choose, our experienced Property Managers will be on hand to guide you through any questions you might have.

1. Paramount Collect

An ideal service for landlords who are able to look after the management of their own properties. We’ll ensure your tenants’ rent is securely collected each month and deposited into your bank account.

2. Paramount Trial

Our best value offering! Three months’ free Property Management and 6% inc VAT thereafter.

Paramount Trial includes:

  • Initial valuation and inspection of the property
  • The publication and marketing of the property on the Paramount website and other appropriate publications (including email marketing, social media and Zoopla and Rightmove portals where applicable)
  • A To Let board at the property (unless instructed by the landlord not to do so)
  • Viewings: Appointments made for prospective tenants to view the property
  • Legal Formalities: Preparation and execution of contracts
  • Right to rent checks
  • Reference checks
  • Renewal arrangements
  • Paramount will notify relevant utility service providers and the council of new tenant details at the beginning and end of tenancies
  • Arranging inventories
  • Chasing of rent arrears

Property Management services:

  • Arranging gas and electrical installation checks
  • Arranging fire and safety checks
  • Maintenance checks and works before and after a tenancy
  • Property maintenance  & service charges if necessary
  • Repairs – both emergency & routine

3. Paramount Complete

A revolutionary one-stop management solution from Paramount worth over £900.

Paramount Complete includes:

  • Initial valuation and inspection of the property
  • The publication and marketing of the property on the Paramount website and other appropriate publications (including email marketing and social media and Zoopla and Rightmove portals where applicable)
  • A To Let board at the property (unless instructed by the landlord not to do so)
  • Right to rent checks
  • Renewal arrangements
  • Paramount will notify relevant utility service providers and the council of new tenant details at the beginning and end of tenancies
  • Viewings: Appointments made for prospective tenants to view the property
  • Reference checks
  • Legal formalities: Preparation and execution of contracts
  • Inventories

Property Management Services:

  • Arranging gas and electrical installation checks
  • Arranging fire and safety checks
  • Maintenance checks and works before and after a tenancy
  • Property maintenance and service charges if necessary
  • Repairs – both emergency and routine

Plus:

  • Comprehensive inventory and schedule of condition at either check in or check out
  • £100 voucher towards the cost of a professional property clean by Pearl Cleaning services
  • A new or updated Energy Performance Certificate
  • A Gas Safety Inspection & Legionnaires Risk Assessment carried out by Paramount Maintenance prior to any new tenancy
  • A Featured Property listing on Rightmove worth £500

For a complete price list of all these options, please visit http://www.paramount-properties.co.uk/pages/fees