Thomas Michael
Tel: 020 7060 0450

Landlords

 

This agency is focused on establishing long term relationships with all of our client landlords. This considered it is essential to us that, as well as the obvious requirement to let your property for the maximum rental income and in the applicable time frame, we always find you the most suitable tenant.

Whether you are looking to let a property for the first time or are an experienced landlord, possibly with a portfolio of property, we would be pleased to assist you.  We can be contacted at lettings@thomasmichael.co.uk or call us on 020 7060 0450.

Here is what just a couple of clients have said of our lettings service:

"I was extremely satisfied with the manner in which the letting of my apartment was managed. Having dealt with several other agents in the past I rate Thomas Michael very highly and have no hesitation in using them to handle the letting of all my apartments in the future. Highly professional they know the market. Honest and thorough in their dealings they kept me updated at all times and achieved a successful let."

Minna Nathoo, The Lexington, City Road, EC1Y.

I have been using Thomas Michael to let out my rental flat since 2012. They have found 3 excellent tenants for me in that time and I have had nothing but the most professional and efficient service from them. It makes such a refreshing change from the more well-known estate agents that I have dealt with in the past. I only ever deal with Tom (rather than a never-ending rotation of contacts), I'm not bombarded by marketing phone calls or emails and the fees are excellent value. I rarely ever post reviews on the web but I'm very happy to recommend Thomas Michael.

Cindy Chan, Milton House, Little Britain, EC1A.

More reviews can be read here.


Our lettings service

This includes:

a) Rental evaluation of your property.

b) Marketing your property and advice as to the presentation of it.  We have your property professionally photographed and produce a floor plan. We advertise on our website and on the main property portals of Rightmove, Primelocation and Zoopla amongst others. We will also tweet your property and place it on our agency Facebook page. We will circulate your property to all applicant tenants (including corporate tenants) on our system and to all search consultants we deal with and have relationships with.

c) Making arrangements for prospective tenants to view the property, undertaking accompanied viewings and providing full, comprehensive and, where necessary, candid feedback to you.

d) Introduction of a tenant and collection of a holding payment.

e) Liaising between you and the prospective tenant and managing any negotiations.

f) Full reference check of prospective tenant by a professional agency.  This includes a credit check, employer/income references and also managing agent/landlord references.  We will advise you as to the suitability of any tenant, however, the final decision as to whether a tenant is suitable remains with you.

g) Drawing up the tenancy agreement and organising its signing.  We can advise you on the various tenancy agreements and the various clauses.

h) Conducting the ‘Right to Rent’ checks on the Tenant at the commencement of the tenancy but not to undertake any further checks during the tenancy, as occasionally may be required. The responsibility for checks during the tenancy is yours.

i) Serving on the Tenant the EPC of the Property, where this has been provided to us by the Landlord, and the “How to rent: the checklist for renting in England” government guide, as is now required.

j) Collection of the first rental payment and deposit, and transfer to you (less our fees). It is your responsibility to register the deposit with one of the deposit protection schemes.  We can provide further information on these schemes.

k) Organise an inventory and schedule of condition be drawn up and a check-in to take place (at additional cost).

l) Instructing the tenant to arrange for a standing order for the payment of rent to your nominated account.

Please note that whilst we are happy to advise you broadly of the steps to be taken in arranging or undertaking the end of tenancy procedures, you will be responsible for this.  We do not currently offer a management service.


Our fees and terms of engagement

Commission

For sole agency we take a commission of 6% + VAT of the total rent of the first year of the tenancy and this is payable at the commencement of the tenancy.  If the tenancy goes into a second year we will take 5% + VAT of the total rent of the whole, or part of, the second year.  No commission is charged beyond the first 24 months tenancy of any tenants we have introduced.  For multi-agency the same applies but the commission is 8% + VAT for the first year and 7% + VAT for the second year.

Tenancy agreement

We charge £120 (£100 + VAT) to the landlord (the same fee being charged to the tenant(s)) to draw up and organise the signing of the tenancy agreement.  If the landlord provides us with a tenancy agreement drawn up and ready for signing then the fee is £60 (£50 + VAT) to organise the signing of the agreement by the tenant(s).

We request a minimum marketing period of 4 weeks, whether this be as sole agent or on a multi-agent basis, and for 7 days’ notice in writing or by email if you wish this agency to cease marketing your property after the initial marketing period.

 

Click here for your landlords' guide to letting property

Click here for safety regulations in letting your property

 

This agency is a member of a redress scheme and that scheme is The Property Ombudsman. This agency is not a member of a client money protection scheme.

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