Lettings service options
Being a landlord brings many rewards, responsibilities and risk. Selecting the right letting service for you and your property is all about finding the right balance of all three factors. Our Guaranteed Rent service best suits those looking for the financial stability of a fixed income with no involvement while at the other end of the spectrum the Tenant Find service is perfect for a landlord who is comfortable with taking on a much greater level of responsibility.
In total we offer four letting services options:
Guaranteed Rent Service
Our Guaranteed Rent service offers landlords the benefit of a guaranteed fixed income on their property, regardless of whether or not it is let or the tenant stops paying. It's the perfect 'let and forget' solution for busy landlords.
Fully Managed Landlord Service
The Fully Managed Service is suitable for landlords who have limited time to manage their property. We look after every aspect of the tenancy just as we would with the Guaranteed Rent service but the key difference is that we do not provide guaranteed rental payments.
How it works
We charge a set up fee for finding the tenant, assisting you with property preparations, interviewing tenants, drawing up the necessary agreements and preparing the inventory. We then charge a monthly commission for managing all tenant enquiries, undertaking regular maintenance service and rent collection. At the end of the tenancy we will also help with check out.
Rent Collection Landlord Service
The Rent Collection service suits a landlord who has the time and energy to deal with tenants and their requests but would like support with some of the financial and administrative duties.
How it works
We charge a set up for finding the tenant, assisting you with property preparations, interviewing tenants, drawing up the necessary agreements and preparing the inventory.
Since the landlord is responsible for the upkeep of the property, the monthly commission is lower than Fully Managed Service. Northwood take responsibility for rent collection and payment to the landlord by BACS.
Tenant Find Service
Some landlords prefer to be completely hands-on. They are willing to take on the full responsibility of running the tenancy and simply want help finding a suitable tenant.
How it works
We advertise the property, accompany prospective tenants on viewings and source the correct references. We charge a set up for finding the tenant, assisting you with property preparations, interviewing tenants, drawing up the necessary agreements and preparing the inventory. The fee for this service depends entirely on the type of property being let.