The following questions are answered, click on the required question to find the answer:

• Why should I appoint a Managing Agent to look after my property?
  
• Why choose Wingetts for Residential Lettings?
  
• How do you assess the Market Rent for my Property?
  
• Will there be any charge for this advice?
  
• Will the condition of the Property affect the Rental Level?
  
• How will you find a suitable Tenant?
  
• Who should be informed that I am about to let my Property?
  
• Do I have to pay tax on my Rental Income?
  
• Who will ensure that the service utilities are transferred into the name of the tenant?
  
• How will I receive my rental income?
  
• If I leave my Property unfurnished, will my right of repossession be affected?
  
• Are there different types of tenancy?
  
• What do I do next?

Why should I appoint a Managing Agent to look after my property?
When letting a property there are many possible pitfalls, a good Managing Agent will minimise the problems and ensure your rights are protected.

Why choose Wingetts for Residential Lettings?
We are a long established local firm of Estate Agents with three offices in the region. Our Homelets department is based in Wrexham currently manages over 400 properties.With two fully qualified Chartered Surveyors and three Assistants which are able to provide advice on all aspects of Residential Lettings.

How do you assess the Market Rent for my Property?
We will arrange for one of our Qualified Surveyors to meet with yourselves at the property to advise you of the rental value. This will be based on its location, condition, size, type of property, standard of furnishings and equipment and the market conditions at the time.

Will there be any charge for this advice?
No, our initial advice and valuation is free and without obligation. No charge is made until a tenant occupies the property.

Will the condition of the Property affect the Rental Level?
Yes it will. If your property is well maintained and decorated then you should achieve a higher rental and attract good quality tenants.

How will you find a suitable Tenant?
Our extensive local and national contacts both with individuals and companies help us to fund suitable tenants with a minimum delay.
We carefully screen prospective tenants and obtain satisfactory references. These include Employment, character and where applicable, Landlord references. We also obtain a credit reference on the applicant.

Who should be informed that I am about to let my Property?
If you have a mortgage then you must obtain permission from your Building Society, Bank or other lender before letting your property.
Insurance companies covering your buildings and contents should also be advised.
If your property is leasehold, it may be necessary to obtain the freeholder’s permission to sub-let.

Do I have to pay tax on my Rental Income?
Yes. Rental income is taxable, however there are costs which can be offset against the income. It may be worthwhile contacting a local Accountant for advice.

Who will ensure that the service utilities are transferred into the name of the tenant?
Wingetts will advise the Gas, Electric and water companies of the change in occupants and arrange for meters to be read, together with the Council Tax.

How will I receive my rental income?
Wingetts operate a computerised client accounting system. Net rental receipts will be paid direct to you or transferred into your Bank or Building Society account on a monthly basis. Statements showing all receipts and expenditure will be forwarded to you on the same day that funds are transferred.

If I leave my Property unfurnished, will my right of repossession be affected?
There is no difference in your rights of repossession. We will be pleased to discuss which option is best suited to your particular circumstances.

Are there different types of tenancy?
The introduction of the 1988 Housing Act has brought a greater protection to the landlord. Having established relevant details we will be able to advise you on the agreement most appropriate to your circumstances.

What do I do next?
Contact Wingetts Homelets Department on 01978 353553 to discuss our services in greater detail or if you haven’t already done so arrange an appointment for a free rental appraisal.