Student Letting in West Bridgford

Managing & Letting Student Property

Do you want to profit from the student housing niche?

  • West Bridgford is well located for students studying at the Clifton Campus of Nottingham Trent University.

    There is a regular and direct bus service between West Bridgford and the Clifton & City Campus, and also to the Lace Market.

    All of the student housing sector is subject to stiff competition and regulation, this is because it is one of the few investment sectors that can offer stable letting periods and rent payments backed by parental guarantor agreements.

    There has therefore been a trend over the last few years, of purpose built developments entering the student market. These new developments have very much set the standard for student expectations:

    1. High quality interiors
    2. Rents inluding utility costs
    3. Broadband
    4. Safe & well managed

    But like anything that offers a good bet, landlords and agents have to work hard to keep their properties within this profitable, elite student housing niche.

    If landlords or their agents under-perform then they will quickly fall by the wayside, and many landlords are and will continue to be left with empty properties.

    his process is now apparent in the West Bridgford & City Centre student housing market, and has taken quite some digestion by many self-managing private landlords who have run their student houses for many years on tried and tested procedures and pricing.

    To ignore these market trends and regulations ,will without any doubt at all, lead to un-let property.

    What Are HMO Regulations?

    H.M.O. stands for Houses in Multiple Occupation, and the law of the land states: Any property with 3 or more tenants sharing a property is classed as an HMO

    Local Councils, are obliged to keep a register of all HMO properties within their council districts, and to police these properties in terms of their suitability and that they comply with up to date fire safety regulations, gas & electrical safety certification, and management standards.

    The law recognises however, that larger shared properties are a higher risk than smaller properties, and as such there are different standards that can apply. Councils will certainly give advice and assistance to landlords.

    However the ultimate liability lies with the landlord and their letting managers.

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    Tenancy Agreements & Parental Guarantors

    1. Standard Assured Shorthold Tenancy Agreements
    2. Standard Assured Shorthold Tenancy Agreement Rent Including Utility Costs (capped)
    3. All students must have a parent willing to stand as Guarantor for the rent and dilapidation costs if applicable. The guarantor must be a resident in the U.K. and a home owner.
    4. Legal notices to end the tenancy served.

    Rent Collection & Arrears Control

    9 % Rent Collection Record, our Deed of Guarantee Agreements are delivered to parents through an online process, showing the tenancy agreement has been legally acknowledged by parents, and as guarantor, the parent's I.D. is checked along with their credit history and residency status.

    Repair Handling

    Emergency or Health and Safety repairs are handled automatically, however other repair issues are notified to the landlord for authorisation.

    Inventory & Deposit Handling

    Detailed inventories are key, and full documentation of repairs, additions or improvements are recorded. Any dilapidation costs over and above fair wear and tear are charged against the tenancy deposit held.

    Protect Your Investment - Regular Inspections

    In todays student housing sector, landlords are providing high standard interior fittings and furniture in their student houses. We carry out regular inspections. Where fire safety equipment requires weekly inspection, it is recommended that a basic clean is carried out on the communal areas of the property, also on a weekly basis.

    HMO Regulations managed

    *We arrange for suitable contractors to carry out the inspections required for:
    Annual Gas Safety Certificate - included in commission
    Fire Safety Equipment - included in commission
    5 Year Periodic Electrical Certification - one off landlord cost
    PAT Testing.- every 2 years included in commission
    Fire Risk Assessment - included in commission
    Legionella Certificate - included in commission
    EPC- one off landlord cost

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    The cost of managing a student HMO property

    *14% plus vat of the rental, this commission: includes the cost of annual statutory certifications required.

Student Property Enquiry

  • *Full Name
     
    Telephone
    *Email
     
    *Your'e Enquiry
     
  • Gas Safety Certificate

  • Advice Fire Safety Sytems

  • Electrical Certification

  • Mandatory HMO Registration

  • REGULAR INSPECTIONS!

  • Communal Area Cleaning?

  • Rent Including Utility Costs?

  • Inventory & Deposit Handling

  • Rent Backed By Parental Guarantors

  • Repair Handling