Landlords:
Our focus is apartment letting on the Isle of
Man.
If you have an apartment which you would like us
to promote and let for you, please contact us
for more information:
Fee Schedule:
Please see Services for Landlords for more info.
1. Let Only: 10%
2. Full Management Service: 13%
3. Additional Services as required.
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iomapartments.com |
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Services for Landlords: |
Let Only |
Fully Managed |
Additional Services |
|
Price |
10% |
13% |
Per Service Required |
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Market Appraisal |
√ |
√ |
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Marketing/ Web Site
Listing |
√ |
√ |
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Accompanied Viewings |
√ |
√ |
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Obtain References |
√ |
√ |
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Prepare Tenancy Agreement |
√ |
√ |
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Collect First Month's Rent
& Deposit |
√ |
√ |
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Inventory Preparation |
|
√ |
£50 |
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Check in Tenants against
Inventory |
|
√ |
£40 |
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Deal with Utilities |
|
√ |
£25 |
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Quarterly Apartment
Inspections |
|
√ |
£50/qtr |
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Management/Caretaking
Services |
|
√ |
£50/mo |
|
Tenant Check out against
Inventory |
|
√ |
£50 |
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Landlord |
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£50/mo |
1. Let Only:
a. Finding a suitable Tenant through contact
with a large number of companies, advertising locally and nationally.
Your apartment will be included in our regular property list which is
promoted, circulated and advertised daily on our iomapartments.com web
site.
b. We will arrange accompanied viewings for your
apartment
c. Appropriate references will be obtained
d. We will collect the first months rent for you
e. We will prepare the Tenancy Agreement
2. Full Management Service:
a. Finding a suitable Tenant through contact with a
large number of companies, advertising locally and nationally. Your
apartment will be included in our regular property list which is promoted,
circulated and advertised daily on our iomapartments.com web site.
b. We will arrange accompanied viewings for your
apartment
c. Appropriate references will be obtained
d. We will collect the first months rent for you
e. We will prepare the Tenancy Agreement
f. We will draw up an Inventory of your apartment - a
mutual Landlord/Tenant safeguard
g. The Inventory will include a photographic inventory
of the condition of the apartment, including main fixtures and fittings, as
well as walls, floors and ceilings
h. Meter readings at the start and end of the Tenancy - to ensure a smooth transition for utility accounts
i. Tenant Check in and Check out at start/end of
Tenancy
j. Monthly Rent Collection - direct to your bank
account.
k. We will carry out a routine inspection of your
property
l. Submission of accounts to you
Maintenance & Repairs:
a. The Agent will agree with the Client a nominal fee
for repairs on the property up to and including £>100, or as otherwise agreed
in the Terms of Engagement. This is the limit of expenditure to which we
will authorise and make payments on your behalf, without reference to you.
The purpose of this is to ensure that repair items of a minor nature are
dealt with swiftly.
b. The Agent will liaise with the client or his
nominated contractors to carry out repairs and maintenance. The agent will
oversee necessary repairs (but not to the extent of performing architectural
or engineering services).
c. Where practicable, estimates will be obtained and
the Client's approval sought for works, renewal or redecoration.
d. In the case of an emergency, the Client consents to
the Agent instructing contractors to carry out emergency work necessary to
repair and protect the Client's property, without prior consultation.
At the end of the Tenancy Period:
All tenants will be contacted approximately 1
month prior to the end of their tenancy period and asked if they would like
to renew their lease. If they wish to renew their lease, and you are
agreeable to this, a new lease will be issued to them for signature.
When the Tenant vacates the property:
a. The inventory is checked with the tenant
b. Any damage to the property or items missing from the
inventory is recorded and an appropriate amount deducted from the deposit
held by us, which will be credited to your account and the balance refunded
to the Tenant.
c. Please note a reasonable amount must be allowed for
over the course of a tenancy for fair wear and tear of the property and
contents.
3.Additional Services:
As required:
Please see Services for Landlords above for
more info.
Rental Rate:
The rental rate will be agreed with you prior to
marketing your apartment. Unless specifically agreed otherwise with you
this will include all payments for which you are responsible: including
rates, water rates, ground rents and management fees etc.
Deposits:
An amount equivalent to one month's rent will be
required to be paid by the tenant with the first month's rent, prior to the
tenant moving in.
Full Management - the deposits are held by us in
a Client Deposit Account until the Tenancy is terminated, and then will be
returned to the Tenant, less any cost of missing or damaged items.
Void Periods:
Our management of your apartments commences when
the Tenant has taken up occupancy.
Insurance:
Please make sure your property and contents are
adequately insured and that your policy covers lettings, whether furnished
or unfurnished.
Solicitors/Legal:
The rental agreement is between the Landlord and
the Tenant. Should any rent arrears occur, or there is any breach of the
lease, this will be brought to your attention. We will do our utmost to help
you, but we cannot be held responsible if the tenant fails to pay the rent
or does not comply with the agreement.
Presentation of your Apartment:
In order to maximise the rental of your apartment
and minimise voids, it is strongly advised that you maintain and decorate
the property to a high standard at all times.
Signature:
A Client's signature on the Agency Agreement
Statement is recognition and acceptance of the conditions contained herein.
Unless notified in writing the Client agrees that the Agent will sign the
Tenancy Agreement on the Client's behalf as your Agent.
Check List for You:
a. You will be the Landlord not the Agent
b. You should obtain the permission of your Building
Society
c. You will be responsible for the cost of all repairs
d. You will be responsible for all insurances
e. You will be responsible for ground rent
f. The apartment needs to be decorated and maintained
in a clean and presentable manner - you are responsible for this.
g. Furniture must be clean and presentable
h. All carpets/floor coverings should be left clean
i. Operating Instructions should be provided for all
equipment
j. Electricity/Gas meter readings will be taken from
the property prior to the tenant moving in.
k. You are responsible for maintaining all appliances
in a satisfactory manner to protect yourself and to ensure a safe living
environment for your Tenant.
We offer a cost effective, professional and efficient rental
service