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Welcome to Hunters Estate Agents Folkestone

Hunters Folkestone Landlord Guide

Welcome to the Hunters Folkestone Estate Agents Landlord Guide. We’ve put this document together to help steer you through the legalities and processes of becoming a landlord. There are a number of documents that you need to draw up to protect both yourself and your tenants, and this guide serves to identify what they are.

In addition, you will also find a list of the current average house prices in Folkestone at the end of this guide.

Tenancy Agreement

First and foremost, you will need to draw up a tenancy agreement. For your convenience, the UK Government provides a model Assured Shorthold Tenancy Agreement (AST), which is free to download from their website.

You will find that this document is extensive and detailed, however the most important part of the AST is the portion which decrees that you, as the landlord, have the full right to repossess your property when the end of the fixed term of the agreed tenancy arrives.

Your tenancy agreement can, though doesn’t have to, outline a minimum and maximum term of tenancy. Tenants, however, are within their rights to stay in your property for at least six months. For fixed terms that exceed three years, you will need to consult a solicitor who will draw up an official deed for the arrangement.

It is also essential that your tenancy agreement includes the following information:

  • Landlord’s full name

  • Tenant’s full name

  • Address of property

  • The date when the tenancy will commence

  • The duration of the tenancy

  • The amount of rent payable, including details of how and when it should be paid

  • What other payments are expected of the tenant, including utilities bills and Council Tax

Landlord Inventory

In addition to your tenancy agreement it is also advised that you organise a landlord inventory and get your tenants to sign it. Your inventory will itemise all of the contents in your property and note of their condition before the tenant enters. This document will then serve as security if any of your possessions go missing or become damaged during the tenancy – i.e. the tenant will be liable to pay for any repairs or replacements.

Deposits

Collecting a deposit from your tenants upon the commencement of their tenancy is a standard practice. Usually, the amount will be equal to one month’s rent, though the amount is up to you. This money is fully repayable to your tenants when they leave your property.

However, you may withhold some or all of the deposit if any of your possessions in your inventory are missing or damaged beyond what would be considered normal wear and tear. The deposit also serves as security should the tenants vanish without paying a rent.

You must provide full evidence, normally in the form of receipts, for any expenditure from the deposit to cover losses for property repairs or replacements.

Other Documents and Considerations

The health and safety of the tenant with regards to gas, electric and fire safety is also the responsibility of the landlord.

Property Prices in Folkestone

Currently, the average value given on all properties in Folkestone over the past 12 months stands at £223,218 (down -0.48%).

By category, the average values of houses in Folkestone break down as follows:

Detached

£367,102 (up 0.38%)

Semi-detached

£236,261 (down -1.00%)

Terraced

£181,148 (down -0.84%)

Flats

£149,320 (up 1.45%)

Contact us

Hunters Folkestone
93-95 Sandgate Road,
Folkestone,
Kent,
CT20 2BQ
Sales: 01303 210335
Email: [email protected]

Contact Hunters Folkestone





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