Kuvera Lettings is a 'Letting Solutions Company', tailor made especially for Kuvera members.
Kuvera lettings has been established to guide you through this final stage with minimal fuss and to provide you with a seamless solution to complete and ultimately let your property successfully.
If the completion of your investment property is drawing to a close very soon, no doubt, you are very excited! However, we understand that this can be a very anxious time for you.
Kuvera Properties is here to guide you through this final stage. Hence, we are very proud to announce the launch of Kuvera Lettings which is under the very experienced management of Andrew Dillon.
Completion & Letting is often the stage found most difficult by purchasers but with a little forward planning this can be a hassle free process.
Once you have legally completed on your property through your solicitor, Kuvera Lettings will ensure the requirements above have been strictly adhered to on your behalf and enable you to reap the rewards of investing through Kuvera.
The Cost
This Includes
- Snagging your property for all defects, including re-inspection of your property until all defects have been attended to by the developer.
- Collecting your keys and fobs from the sales office & obtaining a duplicate set of keys for you (if required) and your letting agent.
- Providing access to all work personnel for the laying of flooring / furnishing and ensuring this has been carried out to your satisfaction.
- Instructing several approved agents to let your property & ensure your property will be viewed more frequently than could normally be expected.
- Providing sufficient access for letting agents to conduct several viewings to find the idea tenant for your property.
- Reviewing each of the agents tenant referencing checks to ensure the highest calibre of tenant for your property.
- Reviewing and assessing the creation of your tenants contract under an approved 'Assured Shorthold Tenancy Agreement'.
- Arranging an Inventory Schedule of all of your apartment contents.
- Organising relevant gas and electrical certificates to comply with legal requirements.
- Assisting in arranging Landlord Insurance, if required.
This Does Not Include
- The Estate Agent's fee for finding the tenant, which is 50% of the first month's rent.
- The Estate Agent's service fee for taking care of the management and the solving of any problems inside your apartment, which is 12% of the rental charge.
Contact Us
If you are interested in our letting services, and would like to be contacted, please fill in the form on this page.
FAQ's
Here are the answers to the most frequently asked questions. If you do not see what you are looking for, please email us at info@kuveraproperties.com
1. What is snagging?
Snagging means checking the flat is free from defects, ensuring the developer has fulfilled their responsibilities and that the flat is in the right condition to rent. Kuvera Lettings snagging is a one-off charge and we will make unlimited return visits to ensure the property is in perfect condition for your prospective tenants.
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2. What charges are involved for letting?
The Estate Agent's fee for finding the tenant will vary from city to city but is usually 50% of the first month's rent. There is also an Estate Agent's service fee for taking care of the management and the solving of any problems inside your apartment which is usually 12% of the rental charge.
Kuvera Lettings will negotiate the best possible fee on your behalf with the best agents for that particular area. It is sometimes better to pay that little bit extra to ensure the property rents quickly.
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3. How do you rent the properties?
Kuvera Lettings carries out extensive research in each city at least 3 months before completing any development. We will contact every single agent in each city and arrange meetings to determine which are the best suited to rent the properties while maintaining our very high business and ethical standards. This is where Kuvera Lettings stands alone in the dedication and research for the investor.
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4. With so many properties available how will they rent?
Kuvera Lettings will instruct 5 to 10 agents to work with in every city. They are instructed to maximise viewings and create a healthy competition to ensure the properties are rented quickly with a minimum of fuss. Our extensive research and experience in lettings takes the risk out of picking agents at random with little or no knowledge of the market.
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5. How do you determine the rent?
Our extensive research and the multiple agents we appoint enables us to give you a very accurate projection of the expected rental income. Our development in Ochre Yards we achieved a 99% success in our rental assessments.
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6. Do I need to furnish the property?
Again our research will determine if, and to what standard, the property will need to be furnished. In the case of multiple properties investors can sometimes underestimate the standard of furnishings required to make the property stand out in a very competitive market. It's very important to remember that a flat with inadequate furnishing is normally the last one to rent. Kuvera furnishings has been specifically designed to walk the investor through this very tricky aspect of lettings.
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7. What is rent guarantee?
Occasionally, even with all the correct referencing and procedures in place, tenants can default on the rent for any number of reasons. While every effort is made to rectify this, it can sometimes mean going to court to take back possession of you property and this can be a lengthy process of between 3-5 months. Rent guarantee is an insurance policy that will cover the investor and protect your rental income. This policy will absolutely make certain that your rent is received and we highly recommend this product.
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8. How long is a normal contract?
By law a standard Assured Short Hold Tenancy has to be at least 6 months long and normal contracts can run anywhere from 6-12 months. Kuvera Lettings will advise you of any offer and will try to achieve as long as contract as possible.
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9. When will I be paid?
Upon signing the contract and agreeing a moving date the tenant will pay the 1st month's rent and 1 month's security bond in clear funds prior to moving in.
After the initial fees and management fees have been taken out, you will be paid directly into your chosen bank account and then a regular monthly payment will proceed.
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10. What happens when the contract ends?
A month before any contract ends we will contact the tenants to see if they intend to renew the contract or to vacate the property. You will be consulted and kept informed of every decision. If the tenant decides to vacate the property, it will be advertised with the appointed agents giving them every opportunity to rent.
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