What sets us apart?

The Carrington Partnership is family business with a wealth of experience in the residential lettings market. We are specialists in our field. Our office has a full compliment of experienced staff who are dedicated to providing the ultimate lettings service to landlords based on integrity, trust and professionalism.

Managing properties in the South Manchester area, we have an excellent team of reputable and reliable contractors who are tried and trusted. Our managed properties are regularly inspected and reports are prepared highlighting any necessary repairs. This ensures that properties are kept in a good condition and preventative maintenance prevents large repair bills in the future.

The personal service we offer is tailored to meet the needs of each individual landlord. We appreciate that your property is your greatest asset and we guarantee that when you entrust a property to us, it will be looked after as if it were our own. Tenants of our managed properties are provided with an emergency call out facility 24 hours a day – 365 days a year.

We strive to ensure that for every landlord, letting their property is a positive and profitable experience. As landlords ourselves, we know exactly the kind of service you are seeking and would not offer anything less.

Our tenant selection process is complex and our referencing is rigorous and extremely thorough. We seek to introduce good tenants who will look after your property and meet rental payments however, if they are not treated well during their tenancy, this may jeopardise the length of time they stay. Tenants of our managed properties are secure in the knowledge that we are only a telephone call away. We keep in close contact with them and ensure that any necessary repairs are carried out promptly and problems are swiftly resolved. As a result we retain our tenants for much longer – which ultimately means fewer voids, fewer letting fees – and much more profit for our landlords! We see the bigger picture.

Our Agency Agreements are open ended – we do not tie our landlords into fixed term contracts – we have no need. Our philosophy is based on the fact that if clients receive a service with which they are totally satisfied, the contract continues. If a client is not entirely happy with the service received, they should have the option to terminate.

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THE VALUATION

The Carrington Partnership - Landlords Information

An appointment will be made to visit the property to carry out a rental valuation taking into consideration the location, the size of the property and the current demand. You will be asked if you have any conditions you wish to impose on the prospective tenant possibly in relation to children, pets, smoking or similar and will be able to seek advice in relation to your responsibilities as a Landlord to both your tenant and to third parties e.g. Bank/ Building Society (if the property is mortgaged) and any other relevant matters.

We will ensure that the property is in good decorative order and clean and tidy to attract a tenant without delay and if this is not the case, we will advise on any work needed to make the property marketable. Remedial work can be carried out by our maintenance division or by the Landlord’s own contractor. Property offered to let in good condition not only assists us in achieving the best possible rent but also is generally subsequently well maintained by the tenant.

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FURNISHED OR UNFURNISHED?

The Carrington Partnership - Landlords Information

It should be noted, firstly, that the legal rights of the Landlord are the same whichever option is taken. In an “unfurnished” property there should be carpets, curtains, light fittings, fitted kitchen (including cooker) and fitted bathroom. Although it may be tempting to choose furnishings of a lesser standard for a tenanted property, the standard of furnishings and fittings can have a dramatic effect on rental income. Properties, which are nicely decorated and furnished to a good standard, will attract the best tenants. It is essential that the property is clean and tidy, the windows cleaned, the carpets vacuumed and lampshades and curtains are in a good condition and dust free.

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THE ROLE OF THE CARRINGTON PARTNERSHIP

Following the valuation and The Carrington Partnership being formally appointed to act for the Landlord, our advertising campaign will begin. Accompanied viewings of the property will be conducted with prospective Tenants, references will be taken up and the agent will conduct the necessary additional enquiries to assess the suitability of the prospective Tenant. Once these have proven satisfactory, we will prepare the legal documentation in respect of the tenancy to include a “Schedule of Condition” and an “Inventory”. The meters will be read in relation to the Gas & Electricity for submission to the relevant utility companies. A deposit will be taken from the Tenant to cover the landlord in respect of loss, breakages and dilapidations, which is usually, equal to one month’s rent plus £100.00. The Carrington Partnership will arrange for the collection of rent and if the property is managed, will maintain detailed accounts and submit monthly statements to the Landlord. The property will be inspected regularly and detailed reports prepared. We will arrange and supervise any remedial repairs necessary with the consent of the Landlord and settle any accounts in relation to the same on their behalf.

Tenants will have access to an emergency 24 hour call out facility to ensure that your property is protected 24 hours a day – 7 days a week. We are never more than a telephone call away.

The Landlord is responsible for the general upkeep of the property, decorating, gardening, cleaning prior to letting and ensuring that the property is kept in a good state of repair at all times. Quotations can be provided should the landlord wish the Carrington Partnership to assist in this regard. In addition, during periods of cold weather, it is the sole responsibility of the Landlord to arrange for background heating to be provided in empty properties or to have the whole system drained down to prevent flooding from burst pipes. This type of risk must be covered under the Landlords Insurance Policy. The latter can be carried out by our Maintenance Team for a small fee by arrangement, but only at the specific request of the Landlord.

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PROFESSIONAL STANDARDS

To prove our commitment to provide a thoroughly professional service to our clients, we voluntarily joined the following schemes and strictly adhere to their codes of conduct.

  • The Carrington Partnership - Landlords Information
  • The Carrington Partnership - Landlords Information
  • The Carrington Partnership - Landlords Information
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MARKETING

The Carrington Partnership will extensively market the property to let using the following methods:

** DISTINCTIVE “TO LET” BOARDS **

The Carrington Partnership - Landlords Information

Our boards clearly display that properties are available and our telephone number is easy to remember. These are particularly effective with properties located on busy roads, but even in the quieter areas, there is still a possibility one of the neighbours may know of someone seeking rented accommodation specifically in that particular area and may pass the message on.

** PROMINENT OFFICES**

Our tastefully appointed office is located close to Stockport Town Centre on the A6 and benefits from a lay-by directly outside for easy parking. Properties are displayed both in the window and on internal displays. Prospective tenants regularly call into the offices to look through details of available properties over a cup of coffee and frequently comment on the warm and friendly atmosphere.

** OUR WEBSITE **

The majority of our advertising is “Online” through our website www.carringtonpartnership.com. We have let a number of properties to clients from abroad from as far afield as Australia and Chile. Our website is regularly updated and displays high definition photographs of all available properties, which are easy to peruse.

In addition we advertise through a number of property portals including:

The Carrington Partnership - Landlords Information

BUT THE GREATEST SOURCE OF ADVERTISING, OF COURSE, IS…

** RECOMMENDATION **

Since the company was established in 1997, we have developed an excellent reputation for not only providing first class service to landlords, but also for providing the highest quality accommodation for tenants within the Stockport area. This is largely as a result of our unwillingness to “compromise” in respect of the high standards requested from our landlords and the calibre of tenants we constantly endeavour to introduce.

Tenants remain in properties longer due to the fact that they are happy with the care they receive under our management.

When they eventually leave to purchase properties of their own, they regularly come back to us as landlords. They comment that they were impressed by the service they received as tenants and the fact that we acted promptly in carrying out essential repairs and therefore have no hesitation in placing their property in our capable hands.

The Carrington Partnership - Landlords Information The Carrington Partnership - Landlords Information
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FINDING THE RIGHT TENANT

The Carrington Partnership - Landlords Information

All applicants are thoroughly vetted – extensive references are taken up from a variety of sources and credit checks are carried out to ensure that the ingoing tenant is honest and trustworthy and most importantly, in a position financially to meet rental payments. Our comprehensive credit search facilities enable us to discover any past history of debt or rent arrears.

We request photographic identification in the form of driving license or passport to guard against identity fraud. Proof of residency is required and copies of bank statements and /or wage slips. A copy of our comprehensive Tenancy Application Form is available to download in the “Downloads” section of our website.

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INVENTORIES & SCHEDULES OF CONDITION

The Carrington Partnership - Landlords Information

A comprehensive “Schedule of Condition” is prepared at the onset of the tenancy detailing any minor faults or flaws in the property internally in relation to decor, floor coverings, fixtures and fittings etc. This document will be extremely comprehensive and will have digitally dated photographs of each room within the property. The ingoing Tenant will be asked to sign each page to confirm that they agree to the contents therein. This prevents any problems arising at the end of the tenancy should any damage have occurred. It should be noted however that “Fair, wear and tear” to the property, especially if the tenant has been resident for a reasonable length of time, must be accepted by the Landlord.

Our "keen eye for detail" ensures that the “Schedule of Condition” is an accurate document, which minimises disputes arising at the end of the tenancy between the landlord and tenant. With the new laws governing tenancy deposits, which came into force on the 6th April 2007, this is of paramount importance.

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TENANCY DEPOSITS

The Carrington Partnership - Landlords Information

By law, under the Housing Act 2004 any deposit taken from a tenant by a landlord or their agent for an Assured Shorthold Tenancy must safeguard it in an approved tenancy deposit scheme. The Carrington Partnership are insured agents and will hold deposits as members of The Tenancy Deposit Scheme (TDS).

The Dispute Service is an independent, not-for-profit company established to resolve tenancy deposit disputes in the private rented sector. The scheme provides a dispute resolution service should a dispute about the allocation of a deposit arise at the end of the tenancy.

The objectives are generally:

  • Protecting deposits throughout the tenancy
  • Ensuring the return of the deposit promptly at the end of the tenancy, where there is no dispute.
  • Ensuring deposit disputes are dealt with fairly and quickly

We are also members of The Deposit Protection Service (DPS) and this scheme can be used as an alternative upon request.

Should the landlord opt to hold the tenants deposit monies themselves, they have a legal obligation to provide the tenant(s) with full details of the chosen scheme in which the deposit has been lodged within 30 days of the commencement of the tenancy. The tenancy agreement will clearly detail who will hold the deposit monies.

Tenants will also be asked to pay the first month’s rent in advance and rental monies will then be collected monthly by standing order. Our properties are let on “Assured Shorthold Tenancies” and usually for a term of 6 or 12 months.

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ACCOUNTING

Landlords opting for either our “Full Management” or “Letting & Rent Collection” service will have the peace of mind of knowing that we will collect rental monies on their behalf each month. The rent will be collected by Standing Order from the tenants account on the 1st of each month and will arrive in our clients account around the 4th. We account to our Landlords by way of bacs transfer following the deduction of our monthly management fee and other expenses as notified on the 8th of each month. A monthly statement will be forwarded to the Landlord detailing the same. This will be e-mailed or can be posted upon request.

For landlords opting for our “Let Only” service, we will account to them as soon as possible after the commencement of the tenancy sending a final statement of account detailing monies collected and deductions made. Copies of the Tenancy Agreement and Schedule of Condition will also be forwarded to the landlord for their safekeeping together with the contact details for their new tenants.

We do not deem that it is good practice to hold rental monies any longer than absolutely necessary.

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TAX MATTERS

All rental income is liable to income tax and it is the responsibility of the landlord to manage their own tax affairs. We are able however, by request, to provide annual financial year-end reports detailing income and expenditure for your investment properties upon request. If you need any advice on preparing your tax return or on tax matters relating to your investment property, we would be pleased to recommend an accountant to you.

If you are based in the UK then rental monies can be transferred to you gross, less fees and expenses, however, if you reside overseas, you may be deemed to be an overseas landlord and it will be necessary to register with the Inland Revenue and complete an NRL1 Form. (You are able to download this form in the "Downloads" Section of our website). Until HMRC have processed this form and issued the appropriate certificate confirming exemption, The Carrington Partnership are legally obliged to deduct tax at the current rate prior to transferring deposit monies.

HMRC request that we submit annual returns providing landlords information and details of income and expenditure and we have legal information to provide the information requested.

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ARREARS

Our accounting system enables us to act swiftly in cases of late payment, which are usually easily resolved. Rent arrears are dealt with immediately and our company enforces a strict policy in this regard. Every assistance will be given to the landlord to recover rent arrears with the appointment of debt collection agencies as a last resort, if necessary.

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APPLIANCES

The Carrington Partnership - Landlords Information

All appliances - oven, hob, washing machine, dryer, fridge, dishwasher etc., should be in good working order and clean. Fridges and Freezers should be defrosted, cleaned thoroughly and left with the door ajar. We do not recommend that television sets or stereos are left in the property. However, we do recommend every property has a television aerial installed. It is the responsibility of the tenant to ensure that there is a current television license.

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MAINTENANCE

The Carrington Partnership - Landlords Information

If the property is to be fully managed, the Carrington Partnership will advise the Landlord of any necessary remedial repairs during the tenancy and provide a quotation for the work required. If this is acceptable by the Landlord the work can then be carried out without delay. Alternatively, should the Landlord wish to nominate an independent contractor this can also be arranged. Should the need arise for any emergency remedial work, then we will, of course, use our discretion to avoid the risk of any further damage to the property. Should we carry out any work to the property following authorization from the Landlord the cost will be deducted from rents received.

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UTILITIES & RATES

Whilst the Tenant is in residence he/she will be held solely responsible for the payment of services in respect of Gas, Electricity, Water, Telephone and Council Tax. Separate accounts will be established in the name of the Tenant and the Landlord will not be held responsible for any unpaid bills.

With regards to apartments and flats, it is generally the responsibility of the landlord to meet the cost of monthly service and maintenance charges which covering such things as the cleaning of the communal areas, window cleaning, gardening and buildings insurance.

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MORTGAGE LENDERS

Where a property to be let is mortgaged to a Bank or Building Society it is the sole responsibility of the Landlord to obtain the consent of the mortgagee prior to letting. They will invariably insist that a professional property management company handles the let. The Carrington Partnership will be pleased to offer any assistance with negotiations between Landlords and lending institutions.

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BETWEEN TENANCIES

Although we will do our utmost to ensure that the property is tenanted constantly, there will inevitably be periods where the property may be empty between tenants. During these periods, of course, there will be no charge made by ourselves. It is of paramount importance, however that the property is kept in a clean condition and in good decorative order and that the gardens are tended and kept neat and tidy to assist us in re-letting the property in the minimum amount of time.

Most Insurance Companies insist that empty properties are regularly inspected thus, as an extension to our management service, we are willing to visit empty properties on a weekly basis to check that they are secure and to check for any evidence of storm damage or deterioration upon request for a nominal fee.

During winter months it may be prudent to ensure that the heating is coming on for an hour or two for a couple of times a day or that the central heating system is drained down to prevent damage caused by frost.

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GARDENING

The Carrington Partnership - Landlords Information

Unless the ingoing Tenant has specifically accepted responsibility for the garden, be it large or small, we would strongly recommend that it is cared for on a regular basis either by the Landlord or by someone under contract to the Landlord. We will be only too happy to provide a quotation for routine garden maintenance at your request. If the Tenant is to “keep” the garden during the term of the tenancy, then it is essential that they be provided with the necessary equipment to enable them to do this. Any tools, lawnmowers etc., should be in good working order. The inventory and schedule of condition will contain colour photographs of the condition of the garden at the commencement of the tenancy to alleviate any problems at the end of the tenancy should the garden not be properly maintained and deductions have to be made from deposit monies to return it to its former condition.

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TELEPHONES

It is essential that the Landlord arranges for the telephone to be disconnected prior to letting in order that the Tenant may then enter into a new agreement and arrange a new account in their name.

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VIEWINGS

Each viewing appointment is conducted, by one of our experienced members of staff who will immediately ascertain the suitability of the prospective tenant. Accompanied viewings are conducted at any time to suit the prospective tenant – we make ourselves available when other lettings agencies do not - whether it be evening or weekend. We truly believe that this is an essential element to offering “the best service”. A large number of our tenants are executives relocating and professionals need to be allocated time – in certain cases a whole day – to visit all our properties in search of one suiting their needs.

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SERVICES

LET ONLY SERVICE - £420.00 inc VAT

Ideal for the professional landlord who is able to manage their property yet seeks the services of The Carrington Partnership to source a suitable tenant.

This service covers:

  • Providing a rental Valuation and Marketing Advice on preparing the property for letting and obtaining the maximum rental value.
  • Safety matters such as arranging an Energy Performance Certificate, Gas Safety Certificate and Legionella Risk Assessment Report (if requested).
  • Advertising online via several major property portals
  • ‘To Let’ Board
  • Accompanied Viewings
  • Regular landlord updates on progress made.
  • All negotiations once a genuine interest has been received including rental payments, tenancy term and any special conditions relating to the let.
  • Thorough referencing of the prospective tenant including credit checks.
  • Preparing the legal documentation.
  • Preparing the Inventory & Schedule of Condition (if requested) for an additional fee.
  • Collecting the first month’s rent and deposit in advance.
  • Registering the deposit (if required) and issuing of the appropriate certificate of registration.
  • Preparing a final statement of account detailing monies received and expenditure and transferring the balance of the monies into your designated account.
  • Forwarding the Tenancy Agreement and Schedule of Condition to you for your safekeeping together with the contact details for the tenant.

Additional Fees Apply for:

  • The Schedule of Condition & Inventory
  • Tenancy Renewals
  • Tenancy Deposit Registration
  • Energy Performance Certificate
  • Gas Safety Inspection
  • Electrical Periodic Inspections and Portable Appliance Testing
  • Legionella Risk Assessment Report
  • Handling and Settling Tenancy Deposit Disputes

Full details of services and fees will be confirmed in our Agency Agreement.

LET & RENT COLLECTION SERVICE - £420 inc VAT & 10% of the monthly rental plus VAT

Ideal for professional landlords who are able to manage their own property yet wish to utilise our marketing and comprehensive accounting service.

This service includes:

  • Providing a rental Valuation and marketing advice on preparing the property for letting and obtaining the maximum rental value.
  • Safety matters such as arranging an Energy Performance Certificate, Gas Safety Certificate and Legionella Risk Assessment Report (if requested).
  • Advertising online via several major property portals
  • ‘To Let’ Board
  • Accompanied Viewings
  • Regular landlord updates on progress made.
  • All negotiations once a genuine interest has been received including rental payments, tenancy term and any special conditions relating to the let.
  • Thorough referencing of the prospective tenant including credit checks.
  • Preparing the legal documentation.
  • Registering the deposit and issuing of the appropriate certificate of registration.
  • Preparing the Inventory & Schedule of Condition.
  • Collecting the first month’s rent and deposit in advance
  • Collecting rental monies on the 1st of each month thereafter and transferring to the landlord’s designated account on the 8th of each month
  • Submission of a monthly statement of account to the landlord detailing rental monies and deductions (if applicable).
  • Chasing rental monies if necessary and issuing formal demands for payment.
  • Handling tenancy renewals negotiating rental increases prior to renewal.
  • Handling the return of the tenancy deposit at the end of the tenancy and arranging any necessary work such as cleaning /decorating / gardening between lets.

Additional Fees Apply for:

  • Tenancy Renewals
  • Tenancy Deposit Registration
  • Energy Performance Certificate
  • Gas Safety Inspection
  • Electrical Periodic Inspections and Portable Appliance Testing
  • Legionella Risk Assessment Report
  • Year End Financial Statement- for tax purposes

Full details of services and fees will be confirmed in our Agency Agreement.

FULL MANAGEMENT SERVICE - £420.00 inc VAT & 12% of the monthly rent plus VAT

This service is ideal for the landlord seeking complete peace of mind in the knowledge that their property is being well cared for in every respect. The majority of our landlords opt for our full management service.

This service includes:

  • Providing a rental Valuation and marketing advice on preparing the property for letting and obtaining the maximum rental value.
  • Safety matters such as arranging an Energy Performance Certificate, Gas Safety Certificate and Legionella Risk Assessment Report.
  • Advertising online via several major property portals
  • ‘To Let’ Board
  • Accompanied Viewings
  • Regular landlord updates on progress made.
  • All negotiations once a genuine interest has been received including rental payments, tenancy term and any special conditions relating to the let.
  • Thorough referencing of the prospective tenant including credit checks.
  • Preparing the legal documentation.
  • Preparing the Inventory & Schedule of Condition.
  • Collect the first month’s rent and deposit in advance
  • Registering the deposit (if required) and issue the appropriate certificate of registration.
  • Collecting rental monies on the 1st of each month thereafter and transfer it into the landlord’s designated account on the 8th of each month
  • Submission of a monthly statement of account to the landlord detailing rental monies and deductions (if applicable).
  • Chasing rental monies if necessary and issuing formal demands for payment.
  • Handling tenancy renewals negotiating rental increases prior to renewal.
  • Arranging and supervise repairs and general maintenance as necessary.
  • Inspecting the property after one month and then regularly thereafter and preparing a report on the condition of the property.
  • Providing tenants with an emergency 24-hour call out facility.
  • Inspecting the property at the end of the tenancy once the tenant has vacated and preparing a detailed report on the condition of the property at that time if necessary.
  • Handling the return of the tenancy deposit at the end of the tenancy and arrange any necessary work such as cleaning /decorating / gardening between lets.
  • Handling any issues arising from a dispute relating to proposed deductions from the deposit including submission of reports to The Dispute Service in order that the matter may proceed to arbitration.

Additional Fees Apply for:

  • Tenancy Renewals
  • Tenancy Deposit Registration
  • Energy Performance Certificates
  • Gas Safety Inspection
  • Electrical Inspections and Portable Appliance Testing
  • Legionella Risk Assessment Report
  • Year End Financial Statement- for tax purposes

Full details of services and fees will be confirmed in our Agency Agreement.

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MAKING THE MOST OF YOUR PROPERTY

Whilst property remains an excellent long term investment landlords have to appreciate that the number of properties becoming available to let is growing daily. It is of paramount importance that you retain your share of the market by ensuring that your property has the “wow” factor. It is truly worth spending that little bit extra on fixtures and fittings. This should then ensure that properties may be re-let during the existing tenants’ notice period to minimise voids.

We would strongly recommend the following:

The Carrington Partnership - Landlords Information

Kerb appeal. Keep the exterior of the property looking good – paint the front door a striking colour and furnish with polished chrome – this will reflect the standard of the interior. Prospective tenants will always drive past a property to see its exact location and to familiarise themselves with the area. If the property does not look appealing from the outside, they will dismiss it.

The Carrington Partnership - Landlords Information

Invest in a window cleaner – sparkling windows create a much better impression particularly if the property is located on a main road.

The Carrington Partnership - Landlords Information

Pay that little bit extra for the best quality flooring available. Good quality carpets will withstand shampooing between lets far better than those of a lesser quality. Cheap laminate flooring will scratch and separate on the joints. In bathrooms and kitchens, it is worth considering ceramic tiles for maximum durability.

The Carrington Partnership - Landlords Information

Good quality kitchens will stand the test of time – if budgets are tight however, install a cheaper kitchen but give it the “Wow factor” with chrome fittings, good quality work tops and appliances.

The Carrington Partnership - Landlords Information

Bathrooms – cheaper bathroom suites can be made to look designer simply by changing the taps! Shower curtains soon look shabby and often go mouldy over a period of time. It is worth investing in a glass shower screen which can easily be cleaned.

Gardens need to be kept neat and tidy and with little effort they can be transformed to “low maintenance” ensuring that they look appealing all year round. There is nothing more off putting than an overgrown garden and rarely do professional tenants have the time or inclination to spend endless hours on garden maintenance. Consider removing lawns and replacing with gravel beds or paving – gardening enthusiasts can always fill them with pretty pots to add colour should they so wish. If you wish to retain beds plant heathers and evergreens that require little attention.

Window dressings – trendy blinds, voiles and curtain poles all add both “kerb appeal” and dramatically improve photographs for marketing purposes.

Always remember that the highest calibre of tenant will seek the highest standard of rental property – IT REALLY IS WORTH GOING THAT EXTRA MILE !!

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HOUSES OF MULTIPLE OCCUPATION

Many properties are now classed as “houses of multiple occupation” – the broad definition of this is a house occupied by more than three people who form more than one household. It should be noted however, that this is open to interpretation by each individual local authority as each have their own guidelines. We recommend that landlords seek advice from their local authority prior to purchasing or letting a property as a HMO.

The Carrington Partnership - Landlords Information

In April 2010, changes in the Town & County Planning (Use Classes) (Amendment) (England) Order 2010 meant that it may be necessary for landlords intending letting a property to students or professionals wishing to share to obtain planning permission for “change of use” beforehand.

For further information from local authorities on their current criteria for licencing, please click on the following links:

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INTERIOR DESIGN & REFURBISHMENT

Our Tenants come from all walks of life and from all over the world. In the main, they are professionals or executives relocating and they have extremely high standards. Accommodation must be attractive, fashionable and equipped with all the modern comforts which make their hectic lifestyles more bearable.

The Carrington Partnership appreciates that many landlords have neither the time nor inclination to take on the refurbishment and/or furnishing of their investment. That's why we offer a project management service to clients, which relieves the pressure.

We can advise on large scale works such as new kitchens and bathrooms, re-wiring and re-plumbing, and garden maintenance, through to redecoration, carpets, curtains and furnishings. Working within a given budget and using trusted local contractors, we will obtain quotations and then co-ordinate the works to a satisfactory completion.

Our aim is to generate the maximum return on a client's property and in order to do this, presentation is of paramount importance in order to meet potential tenants’ expectations.

To find out more about our Design and Refurbishment service, please do not hesitate to contact us.

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BUY TO LET INVESTMENTS

The Carrington Partnership offer a “free” consultancy service to landlords wishing to invest in residential property.

We are able to provide valuable advice on sourcing a suitable property, the rental returns achievable and on preparing the property for the rental market.

Our valued team of contractors would be pleased to assist in providing quotations for remedial work required and project management services are available upon request for a nominal fee.

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LANDLORDS BUILDINGS & CONTENTS INSURANCE

The Carrington Partnership work closely with Thompson Brothers Insurance Specialists who can offer a bespoke Landlords Buildings & Contents Insurance.

We have negotiated excellent rates due to high volumes of business – contact them for a free quotation without obligation and mention our name to ensure that you obtain our concessionary rates.

The Carrington Partnership - Landlords Information

Thompson Brothers Insurance Specialists – 0161 480 6444

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ENERGY PERFORMANCE CERTIFICATES

The Carrington Partnership - Landlords Information

It has been a legal requirement, since 1 October 2008, for all landlords to have a valid EPC for their property prior to marketing and a copy should be given to all prospective tenants.

An EPC assesses the energy performance of a property, from "A" representing the most energy efficient property to "G" representing the least energy efficient property. It must be carried out by a qualified Domestic Energy Assessor and will also show a building's environmental impact by indicating its carbon dioxide emissions.

Once prepared the EPC is valid for 10 years and can be used for multiple tenancies within that period, however should the property be upgraded and a new, more energy efficient boiler, additional double glazing or loft or cavity wall insulation be installed, a new assessment will need to be carried out.

The Carrington Partnership will initially check that there is not a valid certificate in force and will arrange one on your behalf if necessary.

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“LANDLORDS BEING FORCED TO GO GREEN”

The Energy Bill received Royal Assent on the 18th October 2011 and became The Energy Act 2011.

Shortly after the Coalition was formed David Cameron pledged that the administration would be the “greenest government ever”.

The Act is certainly intended to have a significant impact on the energy efficiency of both commercial and domestic buildings with the private rented sector having been singled out for treatment.

The main provisions of the Act were the introduction of the Green Deal and the creation of a new entity the Energy Company Obligation (ECO).

The Green Deal included a new financing mechanism for improvements to the energy efficiency of household and non domestic properties, funded by a charge on energy bills that avoided the need for consumers and landlords to pay upfront costs.

The ECO took over from the obligation to reduce carbon emissions in the Carbon Emissions Reduction Target (CERT) which ended in 2012.

The ECO worked alongside the Green Deal to target households likely to need additional financial support – in particular those containing vulnerable people on low incomes and those living in hard to treat housing, including solid wall properties and those without a mains gas supply.

Requests for energy improvements.

For the private rented sector, the Act also includes provisions to ensure that no later than April 2016, private residential landlords will be unable to refuse a tenant’s reasonable request for energy efficiency improvements where funding is available either through the Green Deal or ECO.

The stated intention is that there will be no upfront cost to the landlord from the request as the cost of any works will either be paid back through the fuel bill by the tenant or through an ECO grant.

From no later than April 2018, it will be unlawful to rent out residential or business premises that do not reach a minimum energy efficiency standard. The intention is for this to be set at an Energy Performance Certificate rating of band “E”, impacting on approximately 19% of rented residential premises, affecting some 650,000 properties in the private rented sector.

For further information on current discounts and subsidies see www.energysavingtrust.org.uk

(From the Residential Property Investor)

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