Solo Property Services

What We Can Offer You

From Buy-to-Let Consultancy services, where we can discuss your plans to invest in the residential lettings market, whether a first time investor or experienced investor, and advise on what to purchase; to undertaking the legwork for you in locating and securing a property or properties - Acquisition Services - to actually finding you tenants and, if required, managing tenancies for you (see below), we offer a truly comprehensive service to new or current landlords. Additionally, we can assist in obtaining Insurance Cover, Estate Agency Services, Surveying and Building Services, Mortgages, Financial  and Legal Services etc., through a number of contacts – see Additional Services.

The Solo Team

Letting Services

Initial Free, No Obligation, Consultation:

Whichever service you think you might be interested in, we will be delighted to meet you at the property/ies in question to advise on the letting potential, prospective rents, property presentation, types of tenants, relevant legislation, our service options and all other aspects of the letting process, so that you can make your decision in an informed way. Alternatively, we can arrange to meet in our office or elsewhere to suit.

Tenancy Set Up Only

This involves us marketing your property with a view to finding suitable tenants and includes advertising, To Let boards, accompanied viewings, processing applications from potential tenants (including full referencing), preparation of the appropriate Tenancy Agreement, collection of the first rent instalment and damage deposit, setting up a future rent payment mechanism to the landlord and transfer of utilities and Council Tax accounts (as applicable) into tenants names. Upon completion of these, the day to day management of the tenancy would become the landlord’s responsibility and Solo Property Services would have fulfilled their remit. The fee structure for this service is usually calculated as a percentage of one month’s gross rent, but may vary depending on length of tenancy etc, and is usually deducted from the first rent payment, with the balance of this as well as the damage deposit (to be registered with one of the approved deposit schemes by the landlord, unless we have been instructed to hold it as stakeholder) being forwarded to the landlord with a statement and copy documentation.

Tenancy Set Up and Full Management

This setting up element of this service is virtually identical to that of the tenancy set up only service. However, upon the signing of the tenancy agreement, the rent is set up to be paid to Solo Property Services, instead of the landlord and we retain the damage deposit in our Clients Deposit Account, as stakeholder, under our membership of The Tenancy Deposit Scheme. As rent is received throughout the tenancy, the management fee and any other expenditure costs are deducted at source prior to the balance being forwarded to the landlord or landlords bank as applicable, usually by BACS. Additionally, periodic management visits are undertaken and reported upon, and depending upon previous instructions, maintenance may be arranged on behalf of the landlord. At the end of the tenancy, we collect keys and check the property and inventory (with the landlord if preferred) to assess if any deposit deductions are necessary; return the deposit, or balance of, to the tenant (subject to mutual agreement of any deductions); and read meters and transfer accounts back into the landlord’s name. Throughout the tenancy, we act as intermediary between the tenant and landlord, allowing the landlord to have as much or as little involvement on a personal level as they wish. The fee structure for this is usually charged as a percentage of the gross rent received on behalf of the landlord, with additional setting up charges at the commencement of the tenancy and periodic charges for some other services (e.g. Inland Revenue Overseas Landlord Income Returns).

This service is ideal for those landlords who neither have the time nor inclination to want to manage the tenancy themselves or who are perhaps resident out of the area or overseas, or otherwise physically unable to practically deal with it.

Other Options

Whilst the above are the two most common options, we are happy to tailor make a service to suit, if required, e.g. Tenancy Set Up and Rent Collection Only or Tenancy Set Up and Property Management Only. We will be happy to discuss any such requirements and quote fees accordingly.

Associated Services

There are a number of services we commonly undertake by way of enhancement to the above. These include Written and Photographic Inventories / Statements of Condition, Inland Revenue Rental Income Returns for Overseas Landlords, additional Property Inspections (e.g. whilst vacant), Project Managment of Property Refurbishment, etc. All these services are charged for additionally, some as set charges, some on a sliding scale and some on a fixed fee, time or percentage basis. No additional charges will be made without prior agreement however.

Solo Property Services - Services Information Pack and Terms of Business / Instruction Mandate

To obtain a copy of the latest version of this, including fee structures etc., please Contact Us, remembering to specify if you would like the document emailed to you or sent by post. Alternatively or additionally, you may like us to call you to discuss our services in more detail or to arrange an appointment to do so.

Our Landlord Policy

Solo Property Services undertake to deal with all prospective and current landlords in a professional, fair and proper manner, observing common courtesies where appropriate and endeavouring to maintain a good standard of communication at all times.

Solo Property Services will not be party to active or intentional breaches of any anti-discriminatory legislation.

Solo Property Services, whilst legally acting for the landlord (our client) and not the tenant, have a duty of care to those tenants we deal with and will endeavour to ensure that the standard of accommodation let through us, and the standard of service provided by us and our clients is good.