Landlords

Whether you are a homeowner looking to rent out your property, a seller who can’t sell and needs to move, a Buy to Let landlord with one or one hundred properties, Scot Prop will ensure that you receive the lettings service you need.

We will ensure that we maximise the return on your investment by providing you with a rental income for the duration of your let and provide services to protect your property asset.

Scot Prop has the ability to work with corporate landlords and run a centralised accounts service across the UK.

Our services include:-

• Tenant find
• Tenant find and rent collection
• Full property management

The Scot Prop difference

Whether you are thinking about becoming a 'Buy to Let Landlord', already have a large portfolio, or wish to let a single property, our professional services provide:-

• Independent appraisals of quality properties
• Open and transparent fees with no hidden charges
• Expert and up to date lettings legal information
• Market leading, cost effective insurance packages for Landlords and Tenants
• Easy to read agreements for tenants and landlords

If you have a property to let, then please contact us by email, phone or visit our Perthshire office.

Fees

Our fee structure for managing property is clear and consists of a set up and monthly management fee. During your let there are no hidden extra costs. Our fees fund:

• Finding you a suitable tenant
• Taking up references and credit checks
• Drawing up a tenancy agreement
• Taking a Statement of Condition (or inventory)
• Collecting the rent and accounting to you monthly
• Making regular inspections of the property and advise you all is in order
• Advising on any repairs that are necessary
• Providing information and help on insurance and tax matters

Key Scot Prop services:-

Rent Appraisal

Please contact us if you would like an independent appraisal of your property’s potential rental income. Rents received are payable by the tenant monthly to our client account. You will be paid direct from this account and we will prepare, at regular intervals, a clear income and expenditure account which you can send to the HM Revenue & Customs.

Building Society Mortgages

We can undertake all negotiations with your Building Society in order to obtain their permission to let the property. Some lenders might charge higher interest rates for let properties and raise a service charge.

Deposit

We collect a deposit from the tenant to safeguard against damage and will take on the responsibility of protecting the deposit via a government approved Tenancy Deposit Protection scheme. At the end of the tenancy we will inspect the property and the costs of any work attributed to the tenant will be deducted from the deposit. Any disputes will be referred to the dispute resolution service of the Tenancy Deposit Protection scheme used.

Tenant

We will find a suitable tenant for your property and take up essential references and credit checks.

Agreement

We will prepare an easy to read legal agreement which complies with current legislation. In general this will be for a period of not less than 6 months and then renewable on a month to month basis. This gives you, the landlord, the flexibility to re-occupy or re-let the property after giving the tenant two month’s notice to quit. Similarly the tenant may terminate after the initial period by giving at least one month’s notice.

Rates and Services

The payment of water rates, council tax, gas, electricity and telephone bills are normally the responsibility of the tenant.

Repairs

Although we can help you with repairs, it is your responsibility to ensure the property is in good and habitable condition, with the exception of window glass or other breakages caused by the tenants. Repairs can be carried out by contractors nominated by you, or our own contractors with charges deducted from your account. We will always ask for instructions before commencing any large scale repairs.

Tax

From the total rent received in a tax year you can normally deduct, for tax purposes, the following:

• Our fees
• Fair wear and tear & repair costs
• 10% of rent for depreciation, if furnished or part furnished
• Interest paid to the Building Society or Mortgage Company
• Insurance premiums

You then pay tax on the remainder of the rent. Getting the best tax advice can mean the difference between your rental being profitable or not!

Insurance

We are pleased to provide landlords with information concerning property insurances. These include rent and legal protection insurance, house building insurance and home contents insurance.

Service and Overseas Contractor Personnel

We have particular expertise in the needs of overseas contractor and service personnel who wish to let their property.