How it works
We make sure that your property is on the market for the right price for you and the tenant, we use local knowledge, forecasting, and market insight to position your property just right. In order to show your property’s true potential, we will also offer you advice on any potential works or redecorating before viewings commence. In addition, we can advise you on the legal requirements needed such as smoke alarms, carbon monoxide detectors, and gas safety certificates to keep both you and your tenants protected.
We use a range of tools to market your property to the right people but there are a few other things that can help. House dressing, where we advise you on the best way to present your property, as well as taking the highest quality photos and providing detailed floorplans to ensure you get the best price for your home. At Newington estates, we advertise on several portals including Rightmove, Zoopla, Primelocation, and On the Market, and can offer special online products such as “Featured Property Listing”, which allows your property to be listed at the top of these leading properties portals search engines.
In addition, we use the most up-to-date technologies alongside traditional methods providing your property with optimal exposure at no additional cost to you including social media advertisements on Facebook, Instagram, and Google.
We also work closely with over 40 of the UK’s largest cooperate companies including BNP Paribas, City Bank, Unilever, Google, and many others.
Our extensive network of tenants and a strong community presence ensures a unique and broad reach for your property.
Negotiating your Tenancy Agreements
Our highly trained, professional consultants work hard to achieve the best possible price for your property. Before presenting an offer to you we gather all information including their move-in date, contract length, furniture requirements, and combined salary to give you a clearer picture of your prospective tenants before proceeding.
Referencing and the Contracts
Once we have found you the right tenant, we will proceed with referencing. We use a trusted and well-established referencing agency that collates various elements of your prospective tenant’s personal and professional history to ensure the accuracy of the information we provide you with, giving you full transparency and peace of mind. All references will be provided to you once complete to review and approve before proceeding.
What is included in the referencing process:
Photo identification and bank statements
Income to Rent Ratio (in order to pass the affordability rate, your tenant must be earning no less than 2.7x the annual rental amount / their share of the rent)
Employment Reference – Current, Past, and Future (if applicable)
Previous Landlord Reference – Current and Past (if applicable)
If your tenant is studying, they will be required to make an advance payment of 6-12 months of rent.
The lettings director or a senior member of the team will be on hand to work with you through the process and ensure all the elements are moving at a timescale to suit you.
We have strong relationships with large businesses in the local area that sponsor overseas employees to live in the UK. Under these circumstances, the business takes on the responsibility of the rent and the deposit on behalf of its employee. To find out if your property is eligible for this scheme, please speak with the lettings team on 02077242233
Occasionally, people approach us who require a place to live for just a few months. Some landlords consider this a hassle but shorter agreements can offer higher yields so it could be the right option for you.
Relocation & Our Partnerships
It is commonly known that large corporate companies employ relocation agents to assist them with their property search and Newington estates has hundreds of partnerships with relocation agents throughout the world, connecting us with high-caliber tenants who are looking to relocate to London. We are their first point of contact when a new search takes place in Central London and receive emails daily from clients moving from Japan, America, Europe, and beyond.
At the beginning and end of every tenancy, we conduct an inventory report (also known as check-in and check-out reports), for which both parties will need to review, sign and return. This ensures that both you and the tenant have a clear record of all the items, along with the condition of the property at the beginning and end of the rental term. With this, you are fully covered should anything be damaged or go missing during the term and the cost will be deducted from the tenant’s deposit. Although not compulsory, we highly recommend that you have these reports conducted as it may become difficult to claim damages from the tenant’s deposit without one. We use a dedicated third-party firm to conduct the reports to ensure unbiased reviews. Should you have a deposit dispute at the end of the tenancy, your chosen deposit protection scheme will use the inventory report as evidence to settle the dispute fairly for both parties.