Locus Estates
Locus Estates

Services

LETTINGS

Why Choose Locus?

At Locus Estates we always make ourselves available for you. We have a hand-on approach whether it means offering some advice or catching up for a chat; you are always greeted with a smile.

We are an established independent company who can provide a more individual and personalised service. We will go the extra mile for our clients and will adapt to our customers’ needs as much as we can. We welcome our landlords to consult us at an early stage and to gain valuable information from years of experience of dealing with property market.

We pride ourselves in having excellent knowledge of the area that we work in and continuously improve ourselves from experience and training. We have two branches in north London with a team of experienced professionals who are passionate about property and possess a strong work ethic.

Locus Estates have become a trusted name in the local area for your property needs and will strive to be the best. Our aim is to provide you with an honest, accurate and achievable valuation for your property with a a maximum outcome to your benefit.

The majority of our team live in the local area they have access to excellent resources that will prove valuable when letting your property.

We provide “competitive rates” when offering our quality services and we can tailor a package to suit you individually without any compromise.

We have the latest technology at our disposal and advertise on all of the major online portals (Rightmove, Zoopla, Property finder, Prime Location etc.). we also use traditional tools (for sale boards, postcards etc.) to actively market your property in order to give you excellent results that exceed your expectations.

In order to make the most of the viewing potential of your property and provide our clientele, we work late on weekdays from 9am-7pm and 10am-4pm Saturdays. We know that feedback is very important and will not hold back giving you honest advice before and after viewings. We make sure you are kept informed on what has been happening during the sales process and involve you as much as you wish to be involved. You will be informed of all offers we have received promptly and invitingly. You will also have a personal point of contact at one of our branches just in case you would like to talk to us for any reason and also to provide you a more individual service.

 

PROPERTY MANAGEMENT

Owning or venturing into investment property is a big commitment and one with many considerations. One of the hardest parts of this industry lies in keeping up with the constant legislation changes and amendments. This is why many often turn to professionals to manage their investment. This is often the safest and most secure way to make sure that your property is protected at all times both from damage and from litigation.

We have an experienced property management department that will handle lettings and management of your residential properties ensuring the whole process is stress free as possible.

Over the years we have built up a strong relationship with the local community and maintenance companies, ensuring that we get competitive prices on all maintenance issues, this, together with the many recommendations received from satisfied clients and tenants, ensures our tenant base is of a high quality.

Our 24 hour in-house property management service provides peace of mind for our landlords as legislation changes rapidly and our professional property management team ensure our landlords are always compliant. Securing a tenant for your property is often just the first step in a successful letting. There are many practical and legal issues to consider and the list can be endless. We use the latest software technology in Property Management in order to keep a track of every detail in regards to managing your property.

Throughout the management of your property by us, we will use the latest property management software to record day-to-day management issues. We do this in order to make sure all compliance obligations, repairs, maintenance and inspections are logged in and done on time.

We are committed to managing our properties professionally and proactively by careful tenancy selection, quarterly tenant visits for property maintenance and effective marketing. We thus take great effort to ensure we maximise the return on your investment and keep any empty periods to a minimum.

Our comprehensive service covers all aspects of property management and can assist in matters such as:

  • Arranging payments of outgoings
  • Regular free property inspections (every four months)
  • Provision of a 24 hour emergency helpline
  • Advising on deductions from the deposit and managing the check out procedure
  • Electrical installations and maintenance
  • Gas installations
  • Ensuring compliance with all safety regulations i.e. Gas Safety Certificates, Portable Appliance Testing / Electrical Safety Regulations, Fire and Furnishing Regulations
  • General property maintenance
  • Cleaning and repair works
  • Key holding service

Benefits of Having Your Property Managed By Locus Estates

  • Locus Estates offers competitive management rates and flexible terms without compromising our professional standards.
  • If you own one or more properties or more we would be happy to discuss a package to suit your portfolio needs.
  • Quality tenants selection via our thorough implementation of our applicant process and background vetting process.
  • Rental increases periodically in line with market trends giving you the highest rental yields.
  • Handling negotiations with tenants over lease renewals etc without further costs incurred by you.
  • Only qualified registered trades people are contracted to carry out maintenance on your property.
  • All our property managers are conversant with all the relevant legislation that applies to this industry.

 

RENT GUARANTEE

How It Works

We recognise that investing in a buy-to-let property can be very challenging and intimidating at times. It’s not always smooth-sailing especially in the current unpredictable economic climate. In order to help give you peace of mind we will arrange a rental guarantee package to suit your individual needs.

Locus Estates can take the pressure out of looking after your property and give you assurance of hassle-free renting. We take over the management of your property in full and offer you fixed monthly guaranteed rent payments up to 5 years whether your property is let or vacant. Rent guarantee with Locus Estates takes care of every aspect of the tenancy through out our agreement with you until the time our contract ends with you (until the property is handed back to you empty). This will mean that you no longer need to worry about void periods, rent arrears, tenant evictions or maintenance costs.

We effectively become your tenant getting rid of any unpredictability throughout our tenancy. Our guaranteed rent contract is very transparent without any hidden costs whether if you have invested in one or more properties this is a great way to manage your cash flow without the headache or the hassle to deal with tenants.

Step-by-step guide to rent guarantee by Locus Estates

  • Agreement is made in regards to the fixed monthly rental income and the duration of the contract
  • Landlord signs over the property to Locus Estates
  • Check in Inventory carried out by Locus Estates
  • Monthly standing order set up for the rent payments to be made to landlord
  • All aspects of the property management are carried out by Locus Estates on a daily basis without getting the landlord involved hence making it trouble-free.
  • At the end of the tenancy, check out inventory is carried out and property is returned landlord.

Rent Guarantee

FREE rent Guarantee. Our Rent Guarantee agreement includes the following services:

  • Guaranteed rent paid every month (fixed rental amount at the start of the agreement)
  • Full responsibility of all tenants
  • Listing on all major portals
  • Block & single viewings
  • Tenant Find
  • Full Referencing
  • Credit Checks
  • Contract signing
  • Move in inventory
  • Move Out inventory
  • Key handling
  • Rent collection
  • Full Maintenance (any expenses chargeable to landlord)
  • Contract Renewal
  • Routine Inspections
  • Direct contact point of all tenants
  • Tenant replacement
  • Managing all queries regarding property
  • Full responsibility of all tenants
  • DPS deposit protection service

 

SALES

There are many other factors when valuing your property such as:

  • The strength of the local market
  • Demand and supply forces
  • The sale or rental price of other comparable properties in the local area.
  • The age and type of property
  • The fixtures and features of a property
  • The property's construction and state of repair
  • The position within the locality and the surrounding amenities available
  • The tenure, tenancies, services charges or any other liabilities

As your local agent we have vast knowledge and understanding of the area we work in. We know that accurate valuation of your property is of utmost importance in a competitive fast-paced market, in order to achieve the results promised to you. If the property is valued too high or too low this will have a big impact on the sale of the property; losing interest from potential buyers and delaying the sales process. That is why we provide valuations with supporting evidence of comparable properties both currently on the market and those which have recently sold.

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INFORMATION FOR TENANTS 

When renting a property, there are various costs that you will need to take into consideration when making an offer. 

BEFORE YOU MOVE IN 

Advance rent: Rent is usually payable in advance for each tenancy. You will therefore need to pay, as a minimum, the first months’ rent prior to the commencement of your tenancy, although the amount payable may differ dependent on the terms of your tenancy. 

A refundable holding deposit. you will be required to pay one weeks rent and this will be either returned or offset against the refundable tenancy deposit within 7 days, or up to a maximum of 15 days. This is required in order to submit your offer to the landlord. If accepted this amount will be deducted from the total monies due. The payment is refundable if your offer is not accepted.

   

Deadline for agreement if a tenancy has not yet been entered into. Locus Estates will retain the holding deposit if the tenant provides false or deceptive information which affects Locus Estates decision to rent the property to the prospective tenant, if the prospective tenant fail a right to rent check, or if the prospective tenant withdraws from the agreement. 

A refundable tenancy deposit. Five weeks’ rent 

Changes to the tenancy agreement at the tenant’s request. In the event to make changes to a tenancy agreement A tenancy swap fee of £50 (inc. VAT) plus any reasonable costs incurred if higher, will be payable by the tenant. Please note that Tenancy Swaps are subject to the landlord’s consent and reference approval. 

Default Fee - early termination of tenancies. Early Termination of Contract at the tenant’s request: In the event that you wish to leave your contract early, you will be required to pay the landlord’s costs in re-letting the property as well as all rent, council tax and utilities due under the tenancy until the start date of the replacement tenancy. The costs will be no more than the maximum amount of rent outstanding on the tenancy. 

Default Fee - late payment of rent. Locus Estates may only charge tenants a default fee of interest on rent that is 14 days or more overdue. The fee will not exceed interest of 3% above Bank of England's base rate for each day that the payment is outstanding. 

Replacement of keys or other security devices in the event that any keys or other security devices are lost and need to be replaced, you will be required to pay the costs of replacing them. If the loss results in locks needing to be changed, you will be required to pay the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s). If tenants require copy of the keys outside working hrs they will need to pay the reasonable delivery cost for the keys to be delivered to the property address.

TENANT PROTECTION

LOCUS ESTATES  is a member of UKALA (The UK association of Letting Agents) membership number : 190813, which is a client money protection scheme, and also a member of The Property Ombudsman Scheme MEMBERSHIP NUMBER : D12308 which is a redress scheme.

 

Letting Fee Information

The asking rent does not include letting fees. Our standard administration fee (which covers general administration and preparation of paperwork) is £xxx (£xxx+VAT). A security deposit, usually equivalent to six weeks rent, is also payable.

Depending on your circumstances and the property you select, one or more of the following may also be charged to you upfront;

Fees may be charged on a per person or per property basis, please call us on 020 7249 2004