LANDLORD GUIDE SAXON KINGS - Saxon Kings Estate Agents

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LANDLORD
  GUIDE
SAXON KINGS
PAGE
                                          SAXON KINGS LANDLORD GUIDE

2

 Landlord
 Checklist

 OVERVIEW
                               Ensure that the                  A professional
                               property is well                 clean is essential
 When it comes to letting      presented, as                    to ensure your
                               good quality                     Tenants maintain
 your property, you want
                               properties                       your properties
 reassurance from your         attract the                      condition.
 agent. Saxon Kings has        best Tenants.

 extensive experience
 in assisting Landlords
 with all aspects of the
                                                                Gardens will be
 letting process. We pride     Achieving the
                                                                your Tenants
                               best possible
 ourselves on looking after    rental income                    responsibility,
                                                                so ensure you
 your property as if it were   is the aim, so
                                                                leave them low
                               think neutral
 our own.                                                       maintenance and
                               when it comes
                                                                in seasonal order.
                               to decoration.
 Most of our Landlords opt
 for our Full Management
 Service with regular
 property visits - giving         We will require signed Terms and Conditions
 you peace of mind that           before we can act on your behalf.
 we are keeping an eye
 on the condition of
 your investment. We
                                                                All Estate Agents
 also have a team of                                            have to comply
 qualified, insured and        We will need                     with Anti Money
 local contractors who         one set of keys                  Laundering
                               to market and/                   Regulations,
 are available should any      or manage your                   so we will
 maintenance repairs           property.                        require your
                                                                proof of identity
 need completing at your                                        and address.
 property.
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                                                     SAXON KINGS LANDLORD GUIDE

                                                                                                        3

Saxon Kings.
Why Choose Us?

 PRE-QUALIFIED APPLICANTS
                                                                           24/7 ONLINE ACCESS
 Our team of negotiators pre-qualify
                                                                           Your own ‘propertyfile’ to
 everyone to ensure you always have
                                                                           enable you to check viewing
 the best possible Tenants viewing
                                                                           feedback, tenancy details and
 your property.
                                                                           financial statements whenever
                                                                           you want.

ACCOUNTABLE
                                                                                   PROPERTYMARK
Fully compliant
                                                                                   PROTECTED
with the Property
Ombudsman                                                                         Saxon Kings are an ARLA
and their code of                                                                 Propertymark Agent with
practice.                                                                         Client Money Protection,
                                                                                  giving you peace of mind,
                                                                                  your finances are safe.

  EFFECTIVE
  MARKETING                                                           AN EXPERIENCED TEAM
  We make sure your
                                                                     Everyone at Saxon Kings
  property gets the
                                                                     receives regular training, so we
  maximum exposure
                                                                     can inform you of any relevant
  through social media
                                                                     changes in legislation.
  and all the major
  property portals.

                                TENANT SUPPORT

                                Tenants can log-in online at any time to
                                register for property updates, change
                                their requirements or book viewings.
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                                                           SAXON KINGS LANDLORD GUIDE

4

 Landlord Safety
 Obligations
                                                                         EPC
                                                                         Rating
 You are responsible for ensuring that the property is safe,             It is a legal requirement to have
 and that any goods you provide in the form of appliances                a valid Energy Performance
 or furnishings comply with current legislations.                        Certificate with a minimum
 We also find that Landlords who provide their Tenants                   rating of ‘E’ when marketing
 with a property in good repair and condition secure                     your property and a copy must
 longer lets. If you wish, we can arrange some, or all of the            be made available to any
 following on your behalf.                                               prospective Tenants.

 Gas Safety
 Certificate
 The Gas Safety (Installation and Use)
 Regulations 1998 state it is a Landlords’
 responsibility to maintain every gas
 appliance and all gas pipework within their
 property. An annual certificate is required to
 demonstrate compliance by a qualified Gas           Furniture &
                                                     Furnishings
 Safe engineer, and must be present before
 any tenancy commences.

                                                     It is important to check that sofas, beds,
                                                     bedheads, cushions, pillows and furniture
                                                     covers still have relevant fire safety labels.
                                                     All furnishings situated at and incorporated
                                                     within the letting of your property must
                                                     comply with the requirements of the
                                                     Furniture and Furnishings (Fire) (Safety)
                                                     (Amendments) Regulations 1993.
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                                                         SAXON KINGS LANDLORD GUIDE

                                                                                                    5

                                  Legionnaires
                                  Safety Check
                                  Landlords have a legal duty to
                                  consider, assess and control
                                  the risks of exposure to
                                  Legionella to their Tenants. In
                                  most residential cases a simple
                                  water test can be carried out.

                                                             Smoke & Carbon
                                                             Monoxide Alarms
                                                             It is a legal requirement to install
                                                             a working smoke alarm on
                                                             every floor of a rental property.

Portable
                                                             Carbon Monoxide alarms must
                                                             be installed in any room with a

Appliances                                                   solid fuel installation e.g. a wood
                                                             burning stove.

The Electrical Equipment (Safety) Regulations
1994 require Landlords to ensure that all electrical
equipment is safe. We would recommend that all
Landlords have at a minimum a Portable Appliance
Test carried out by a qualified and registered
NICEIC electrician. We would also strongly advise
that a visible wiring test is carried out prior to any
tenancy commencing.
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                                                             SAXON KINGS LANDLORD GUIDE

6

 Lettings Process
 Overview

 Before going on to the market, we will discuss with you what you are looking to gain from the
 process, and how we can deliver to your requirements and time-scales.

                                Relevant Permission
                                Prior to any tenancy commencing you should inform your
                                mortgage provider, freeholder where applicable and also your
                                insurance company. All of these parties should be informed;
                                otherwise you could find yourself not being adequately covered
                                during your tenancy.

       Tax on Rental Investments
       All rental income arising from property in the UK is subject to tax. UK residents can
       complete HMRC Self Assessment tax return to declare this income. Overseas landlords
       must be taxed at source, unless their agent has permission from HMRC to pay gross rent to
       them. You can view your statements in “propertyfile” at anytime 24/7 online.

       Insurance
       As a Landlord, you must have buildings and contents insurance in place at all times and
       these should be specific to the rental property. Our Landlords can benefit from preferential
       rates with certain companies; further details are available from our lettings team.

       Referencing and Right to Rent Check
       We may use the services of an independent and external company to carry out a credit
       check reference on all prospective Tenants; rent guarantee with legal cover may also be
       available just ask our lettings team for more details. Where applicable we will also carry
       out employment reference checks and approach any previous Landlord. The Landlord is
       required by law to check the Immigration status of any prospective Tenant before entering
       into a tenancy with them.
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Tenancy Agreement
Keeping up to date with the relevant changes in legislation can be demanding, and so we
ensure all our documents are prepared to fully protect your best interests. Saxon Kings will
then arrange for all parties to sign a tenancy agreement prior to a tenancy commencing
and provide you with a copy.

Tenancy Deposit Scheme
We protect all deposits with one of three Government approved Tenancy Deposit Schemes.
The inventory is one of the most important documents - next to your rental agreement.
Each tenancy will require a full inventory prior to commencement to ensure that the
condition is accurately noted, especially with regards to whether any damage is ‘fair wear
and tear’ or in fact the Tenant is responsible. An inventory is required in all cases now
where any dispute over a deposit is raised.

Deposit Deductions
If we are acting as your managing agent, we put a useful distance between you and your
Tenant whilst negotiations are carried out. Should the proposed deductions not be agreed
between the Landlord (or the managing agent) and the Tenant, then the disputed amount
will be transferred to the deposit protection scheme. Their dispute resolution service will
determine the outcome based on the evidence provided by both Landlord and Tenant.

At the end of a Tenancy
We will endeavour to contact both parties before the
                                                                         Don’t Forget
end of the tenancy; negotiate a tenancy extension
                                                             It is your responsibility to update
as required and prepare necessary paperwork.                 the local authority and relevant
Alternatively we will be able to re-market the               utility providers with your new
property to find replacement Tenants if required.            contact details.
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                                                   SAXON KINGS LANDLORD GUIDE

8

 Terms &
 Conditions

 1
       Parties                                       2.5 if the property is subject to
       This agreement and terms &                        a mortgage, permission has
       conditions; which includes the                    been obtained from the
       terms set out on the Confirmation                 mortgagee to the letting.
       of Instruction and Terms of Business              It should be noted that
       Form on page 20 (“the Form”) is                   the mortgagee would usually
       made between:                                     have power to terminate
       1.1 Saxon Kings, 7 Park Road,                     the letting if mortgage
                                                         payments are not maintained
             Kingston upon Thames,
                                                         and other requirements
             KT2 6BX (herein referred to as
                                                         they set are not complied
             ‘Saxon Kings / we’) and;
                                                         with. You should advise us if
       1.2 The landlord or, if more than
                                                         there is a mortgage in place
             one, the landlords named on
                                                         so the requisite notice can be
             the form, on page 20 (herein
                                                         served on the Tenant.
             referred to as ‘Landlord/you’).

                                               3
                                                     Prior to letting

 2
       On accepting instructions                     Unless Saxon Kings are in receipt
       We will assume the following:                 of sufficient funds to do so, and
       2.1 any intended letting is                   have agreed otherwise prior to the
           permitted by the terms                    commencement of the Tenancy,
           of your lease                             you are responsible for ensuring
       2.2 any Tenancy is for a period               that the property is in good
           expiring prior to the                     condition for letting.
           termination of your lease                 In particular, you will ensure the
       2.3 the written permission of your            property is professionally cleaned
           Landlord, if necessary is                 and in good repair with all
           obtained for sub-letting                  appliances in working order. It is a
       2.4 the written permission from               legal requirement to provide any
           any joint owner(s) has                    prospective applicant for a Tenancy
           been given                                with a valid Energy Performance
                                                     Certificate (EPC).
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                                            SAXON KINGS LANDLORD GUIDE

                                                                                           9

Terms &
Conditions

    The property must also comply with            such as ground rent and service
    all current legislation regarding the         charges. Please note however, that
    Gas Safety (Installation and Use)             it is normal for the Tenant to take
    Regulations 1998, The Smoke &                 over responsibility for all utilities,
    Carbon Monoxide Alarm (England)               television, telephone/ broadband
    Regulations 2015; Electrical                  accounts and council tax during a
    equipment (Safety) Regulations                Tenancy.
    1994 in addition to all Furniture
    and Furnishings (Fire) (Safety)

                                            5
    (Amendment) Regulations 1993.                 Fees
                                                  We will contact you for approval of
    The appropriate testing and valid             any potential Tenant(s) or agree in
    certificates are mandatory prior to           advance with you the extent of our
    any Tenancy commencing. If we are             authority to accept a Tenancy on
    not supplied with valid certificates          your behalf.
    we may instruct contractors to
    carry out the relevant testing at             Once a Tenant whom we have
    a cost to the Landlord. A referral            introduced has entered into an
    fee may be paid to Saxon Kings                agreement, our Letting Service
    from any contractor/supplier                  commission is payable, in full, in
    instructed on your behalf, at 10%             advance, on commencement of
    of the total invoice. Details of such         the Tenancy. Our commission
    income received by the Agent can              is an agreed % of the total rent
    be provided to the Landlord on                payable for the initial term of the
    request.                                      Tenancy, subject to a minimum of
                                                  £900 (£750+vat).
                                                  ‘Rent’ includes any payment to be

4
    Rent                                          made by the Tenant for the use of
    We will agree with you a rental               the property, whether expressed as
    price to be quoted for the property.          rent premium, or any other form of
    Unless specifically agreed otherwise          payment and whether paid directly
    this will include all payments                by the Tenant or obtained by other
    for which you are responsible,                means such as a deduction from
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                                                 SAXON KINGS LANDLORD GUIDE

10

 Terms &
 Conditions

       the Security Deposit. If we are             viewings on the property you will
       providing our Management Service            be bound by all of its terms.
       (which includes rent collection on
       your behalf), we will deduct our

                                             6
       management fees on a pro-rata               Letting Service 8.4%
       basis from the rent we collect              (7%+VAT)
       and pay the balance over to you             The services included in our
       within 5 working days of receipt of         commission are as follows:
       cleared funds. Please note that if          6.1 marketing the property
       we are providing our Letting and                 online and via other
       Management Service, we reserve                   advertising mediums
       the right to collect our Letting                 including erecting an
       Service fee at the commencement                  advertising board
       of the Tenancy.                             6.2 accompanying prospective
                                                        Tenants to view the property
       Saxon Kings are entitled to retain               and receiving offers
       interest earned on any money                6.3 confirming the details of any
       held on the Landlord’s behalf and                offers in writing to both
       any commission or referral fees                  parties including any special
       from but not limited to insurance                conditions
       companies, referencing companies,           6.4 verifying Right to Rent
       utility companies, contractors                   documents; a fee of £60 (£50
       and any fees charged to Tenants                  +vat) will apply for this and
       while acting on the Landlord’s                   all subsequent checks.
       behalf. Commission will be due to           6.5 collecting up references, via
       Saxon Kings if at anytime a lease               a credit referencing company
       is signed with a Tenant who has                 or bank, employer, previous
       been introduced to the property                 Landlord if applicable and/
       during the period of our agency                 or personal reference.
       agreement. Should you not sign                  A company search can be
       this agreement prior to instructing             undertaken if required and
       us to start marketing and accept                would be charged separately
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                                                                                        11

Terms &
Conditions

  6.6 arrange for both parties to                at your request when instructed to
      sign a Tenancy Agreement                   let only will be £150 (£125+vat) per
  6.7 prepare a breakdown of costs               hour.
      for the Tenant(s), and arrange
      for payment by the Tenant(s)

                                           7
      of the initial rent to the                 Rent Collection 9.6%
      Landlord or Saxon                          (8%+VAT)
      Kings’ account                             We will collect rent payments on
  6.8 collecting any security deposit            your behalf as specified in the
      paid by the Tenant (subject                Tenancy Agreement. Saxon Kings
      to the Tenancy Agreement                   will not be responsible for any late
      agreed between both parties)               payments made by the Tenant.
  6.9 providing guidance on safety
      and legal compliance                       We will transfer funds to your
                                                 nominated bank account less
  After the initial fixed term we will           any Rent Collection fee within 5
  charge renewal commission if the               working days of receipt of cleared
  Tenancy is renewed - whether or                funds.
  not we are instructed to act for the
  Landlord, if the Tenant remains in             Should you require a copy of
  occupation. Our renewal fee for                previously sent statements, these
  our Letting Service is reduced by              will be charged at £12 (£10+vat) per
  2.4% (2+vat) for each subsequent               copy. An Income and expenditure
  renewal, subject to our minimum                report can be prepared at £60
  fee. Renewal fees are due in                   (£50+vat) per report.
  advance for the length of any
  renewal, extension or holding over             The demand of Rent in the absence
  of the tenancy. If you wish Saxon              of payment which will take the
  Kings to conduct any ad-hoc visits             form of a series of telephone calls,
  or mid tenancy property visits, our            emails and letters to the Tenant
  charge for this will be £60 (£50+vat).         requesting payment. The Rent
  Managing any maintenance/ repairs              Collection Service does not include
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                                               SAXON KINGS LANDLORD GUIDE

12

 Terms &
 Conditions

       taking legal action against the               charges, demands or
       Tenant regarding late or non –                estimates.
       payment of Rent. If the Rent is paid          Although we use our best
       late or there is non-payment of               endeavors and query any
       Rent, the Landlord will be notified           obvious discrepancies as we
       at the earliest possible opportunity.         uncover them, we must
       The Landlord will still be liable for         emphasise that we are
       Saxon Kings Commission and Fees               entitled to accept and
       and agrees to submit payment                  will pay on your behalf
       by bank transfer or cheque upon               demands and accounts, which
       written demand.                               appear to be correct at the
                                                     time of such payments.
                                                 8.3 We will carry out property

 8
       Management Service 12%                        visits every six months after
       (10%+VAT)                                     the commencement of the
       The services included in addition to          Tenancy and will continue
       our Letting Service are as follows:           to do so until the expiration
       8.1 We will collect rent payments             of the Tenancy, unless
            on your behalf as specified in           otherwise instructed. It should
            the Tenancy Agreement.                   be appreciated that any such
       8.2 We will arrange to pay on                 visit will be of a cursory nature
            your behalf from rent received           and will include only apparent
            any outgoings such as renewal            or obvious defects and will not
            of safety certificates, utility          amount in any way to a
            bills, council tax, service              structural or complete survey.
            charges, ground rent,                    Any further property visit by us
            insurance premiums etc. that             or survey carried out by a
            we are made aware of. Saxon              qualified surveyor would be by
            Kings cannot accept                      special arrangement and
             responsibility for the adequacy         subject to an additional fee.
            or otherwise of any insurance        8.4 Management includes the
            cover, nor can we                        investigations of defects,
            verify service/maintenance               which may come to our
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                                     SAXON KINGS LANDLORD GUIDE

                                                                            13

Terms &
Conditions

   notice, or any defect, which is             £350 Saxon Kings will charge
   properly brought to our                     an arrangement fee
   attention by the Tenant.                    equivalent to 10% (+ vat) of
   Work costing up to £150                     the total works invoice.
   for any one item will be dealt              Saxon Kings will charge
   with as they arise by Saxon                 the same arrangement fee for
   Kings without further                       works carried out on your
   instruction from the                        behalf which is not classed as
   Landlord. Where works are                   routine maintenance.
   likely to exceed £150 as                8.5 We will hold a set of keys at
   advised by the relevant                     our office to be used in the
   contractor, we will contact                 event of any emergencies.
   you prior to instructing                    The Landlord must supply one
   works except in the case of                 set for each Tenant and
   an emergency. We will                       in addition one set for Saxon
   endeavor to use any                         Kings. If you are unable to
   contractors that you have                   supply the necessary keys, we
   specifically nominated for                  will cut additional keys on
   repair work at the property                 your behalf at your expense in
   but cannot guarantee to                     addition to an administration
   do so. Where works, repairs,                fee of £30 (£25+vat).
   replacements or necessary               8.6 Where we are required to
   repairs are likely to cost                  accompany non-Saxon Kings
   more than £350 we will                      contractors, utility companies
   wherever practical submit                   etc. to a Property a charge of
   to you proper estimates,                    £60 (£50+vat) per hour will
   the exception being cases                   be payable by the Landlord.
   of an emergency. Upon your              8.7 Where we are required
   acceptance of any estimates,                to supply/provide and deliver
   providing that we are in                    or collect temporary heaters
   receipt of funds, we will                   to a Property a charge of £60
   instruct contractors. For                   (£50+vat) will be payable by
   work arranged which exceeds                 the Landlord.
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14

 Terms &
 Conditions

 9
       Terms of Management                        cover the cost.
       Unless otherwise agreed in                 Our standard management as set
       advance, our appointment as                out above and detailed in clauses 8
       managing agent is for the duration         and 9 does not apply when the
       of the Tenancy and any subsequent          property is vacant. If you wish Saxon
       renewal or extension thereof to            Kings to conduct a property visit
       the same Tenant, subject to three          whilst your property is vacant, our
       months written notice to terminate,        charge for this will be £60 (£50+vat).
       in writing from either side.
       From the moment of instruction

                                             10
       and during the full term of                Tenancy Agreement
       management, we will hold a                 We will, unless instructed otherwise
       maintenance reserve of £150                draw up a Tenancy Agreement
       from the rent received, to enable          in accordance with current
       us to instruct works to be carried         Housing Act legislation and insert
       out on the property, both in an            any applicable extra clauses as
       emergency and in the normal                necessary. The fee payable for the
       course of management. We reserve           preparation and execution of the
       the right to reimburse this working        new tenancy and all associated
       balance out of net rent received           administration is £120 (£100+vat).
       from the Tenant. Such funds are            For familiarising ourselves with the
       held in Saxon Kings’ client account        Terms of any Tenancy Agreement
       and as the balance will fluctuate          provided by the Landlord /
       no interest is payable. We cannot          Landlord’s Solicitor we will charge
       service any outgoings exceeding the        £60 (£50+vat).
       amount held by us on your account.
       In particular please note, that in

                                             11
       no circumstance will we arrange            Insurance
       works prior to a letting (whether          Your property and contents must
       requested by the Landlord or the           be comprehensively insured. You
       intended Tenant), unless we are            must inform your insurers of your
       already holding sufficient funds to        intention to let the property as
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Terms &
Conditions

     failure to do so may mean rejection          custodial scheme which is known
     of any future claim.                         as the Deposit Protection Scheme.
                                                  In addition, a further order will
                                                  be made requiring you to pay

12
     Deposit                                      compensation to the Tenant of an
     Unless otherwise instructed, the             amount equal to three times the
     amount of deposit for each letting           Deposit. You will be unable to serve
     will be a maximum of 5 weeks rent.           a Section 21 notice on your Tenant
                                                  until compliance with the above
     Where Saxon Kings register the
                                                  conditions, and the Court will not
     deposit on your behalf a fee
                                                  grant you a possession order. Saxon
     of £60 (£50 + vat) will be charged
                                                  Kings has no liability for any loss
     for this service. Where Saxon Kings
                                                  suffered if you fail to comply.
     hold the deposit on your behalf it
                                                  At the end of the tenancy covered
     is as stakeholder; no interest will be
                                                  by the Tenancy Deposit Scheme:
     payable. Saxon Kings is a member
                                                  12.1 If there is no dispute Saxon
     of an approved Tenancy Deposit
                                                        Kings will keep any amounts
     Scheme.
                                                        agreed as deductions where
                                                        expenditure has been
     Further details are available on                   incurred on behalf of the
     request. If you decide to hold the                 Landlord, or repay the whole
     Deposit yourself, we will transfer it              or the balance of the Deposit
     to you within 7 days of receiving                  according to the conditions of
     it. You must then register it with                 the Tenancy Agreement with
     another Tenancy Deposit Protection                 the Landlord and the Tenant.
     Scheme within a further 7 days if                  Payment of the Deposit will
     the tenancy is an Assured Shorthold                be made within 10 working
     Tenancy. If you fail to do so, the                 days of written consent from
     Tenant can take legal action against               both parties.
     you in the County Court. The court           12.2 If, after 10 working days
     will make an order stating that                    following notification of
     you must pay the Deposit back                      a dispute to Saxon Kings and
     to the Tenant or lodge it with the                 reasonable attempts have
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 Terms &
 Conditions

            been made to resolve any                     fully with the ICE and follow
            differences of opinion, there                any recommendations
            remains a dispute between                    concerning the method of the
            the Landlord and the Tenant                  resolution of the dispute
            over the allocation of the
            Deposit it will be submitted

                                               13
            to the ICE for adjudication. All        Inventories
            parties agree to cooperate              Should you wish us to arrange on
            with any adjudication.                  your behalf an inventory by an
       12.3 The statutory rights of either          independent inventory company
            you/the Landlord or the                 prior to keys being released, then
            Tenant(s) to take legal action          you must advise us on page 20.
            against the other party remain          We cannot be held responsible for
            unaffected.                             any error or omission on the part of
       12.4 It is not compulsory for the            the inventory company. The fee for
            parties to refer the dispute            making the inventory is payable by
            to the ICE for adjudication.            the Landlord, the fee for checking in
            The parties may, if either party        and also checking out the inventory
            chooses to do seek the                  is payable by the Landlord. The
            decision of the Court.                  appropriate sums will be charged
            However, this process may               to meet the inventory company’s
            take longer and may incur               invoice.
            further costs. Judges may,              Saxon Kings will release keys to the
            because it is a condition of            tenant upon commencement of
            the Tenancy Agreement                   the Tenancy (subject to both parties
            signed by both parties, refer           having signed the Tenancy
            the dispute back to the ICE for         Agreement and cleared funds
            adjudication. If the parties            having been received).
            do agree that the dispute
            should be resolved by the ICE,
            they must accept the decision
            of the ICE as final and binding.
       12.5 Saxon Kings must co-operate
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                                                                                          17

Terms &
Conditions

14                                            15
     Deposit Administration                         Instruction of Solicitors
     At the termination of a Tenancy,               Should any rent arrears or breaches
     subject to the Landlord having                 of covenant be brought to our
     arranged an inventory initially, there         attention you will be informed.
     will be a check out and schedule               Thereafter should legal action be
     of condition of the property. Any              thought necessary, you will be
     missing items or damage which                  responsible for instructing your own
     may have occurred during the                   solicitor and for any fees or charges
     Tenancy will be recorded and                   pertaining thereto. Saxon Kings
     a copy will be sent to both the                cannot take legal action on your
     Tenant and the Landlord. The                   behalf, as the Tenancy Agreement is
     Landlord and Tenant will endeavor              between the Landlord and Tenant,
     to mutually agree what amount,                 not ourselves. Should you wish us to
     if any, is to be deducted from the             serve a Section 21 or Notice to Quit
     security deposit. Saxon Kings shall            on your behalf, our charge for this
     administrate all paperwork and                 will be £120 (£100+vat).
     liaise with the relevant Tenancy
     Deposit Scheme should the

                                              16
     Tenancy end in dispute. A fee of               Income Tax
     £120 (£100+vat) will be charged for            If you are a resident in the United
     the service. Where we are providing            Kingdom during the Tenancy, any
     only our Letting Service, we will              rental income is treated like any
     not become involved in any way                 other investment income and
     in the agreement of deductions                 you will be taxed. You accept it is
     which must be negotiated directly              your responsibility to seek advice
     between the Landlord and Tenant.               through an accountant or tax
     In the event of any dispute, Saxon             advisor in respect of this.
     Kings reserve the right to refer               Saxon Kings must comply with
     the matter directly to the relevant            Sections 971 and 972 Income Tax
     Tenancy Deposit Scheme.                        Act 2007, which is supported by
                                                    the Taxation of Income from Land
                                                    (Non-residents) Regulations 1995,
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 Terms &
 Conditions

       SI 1995 No. 2902. The primary                legislation. This must be in the
       legislation was previously in Section        form of photographic identification
       42A Income and Corporation Taxes             such as a passport or driving
       Act 1988. If you are not a resident          license in addition to a utility bill or
       in the United Kingdom during the             bank statement dated within the
       Tenancy we can provide you with a            previous three months and showing
       NRL1 form from HM Revenue and                your current address.
       Customs. HM Revenue and customs
       will contact you with an approval/

                                               19
       exemption letter and a copy of this          Purchase
       must be given to Saxon Kings prior           In the event that a sale of the
       to a Tenancy commencing.                     property should arise directly or
       Once in receipt of this Saxon Kings          indirectly as a result of the letting
       are able to send rent direct to you          to the Tenant(s), leading to an
       with no tax deduction. We cannot             exchange of contracts, we will
       accept any documentation unless it           be entitled to commission on
       is from HM Revenue and Customs.              the sale at the rate of 1% of the
                                                    sale price. This commission will
                                                    become payable once the sale has

 17
       Incorrect Information                        completed or one month after
       In the event that you provide                exchange of contracts, whichever
       incorrect information to us, which           date is sooner.
       causes Saxon Kings to suffer loss
       or causes legal proceedings to be

                                               20
       taken, you agree to reimburse and            Sale
       compensate Saxon Kings for all               In the event that you sell the
       losses suffered.                             property that we have let for you
                                                    and the Tenancy is to continue,
                                                    then it is in your own interest to

 18
       Money Laundering                             ensure that the purchaser agrees
       Saxon Kings require proof of                 to pay the commission due to us
       identity and residency from you              in respect of the remainder of the
       in order to comply with current              Tenancy (including any extension),
PAGE
                                                SAXON KINGS LANDLORD GUIDE

                                                                                          19

Terms &
Conditions

                                                24
     after completion of the sale. If this is         Data Protection and GDPR
     not done you will be liable to pay it            We review our retention periods for
     yourself even though you no longer               personal data on a regular basis. We
     receive the rent.                                are legally required to hold some
                                                      types of information for certain
                                                      prescribed periods to fulfil our

21
     VAT                                              legal obligations. Saxon Kings will
     Value Added Tax will be chargeable               continue to store only the personal
     on all commission at the prevailing              data needed for six years after the
     rate. This rate may change from                  contract has expired to meet any
     time to time and the total cost will             legal obligations. After six years any
     change accordingly.                              personal data not needed will be
                                                      deleted.
                                                      Outside of specific legal obligations,

22
     Withdrawal Liability                             we will hold your personal data
     In the event of the Landlord                     on our systems for as long as
     withdrawing the property from the                is necessary for the relevant
     market, after the proposed terms of              purposes for which we use it, or
     the Tenancy have been confirmed                  in accordance with any retention
     in writing with satisfactory                     periods set out in any relevant
     references you agree to cover all                contract you hold with us. Further
     Saxon Kings costs incurred up to                 details on this are available from our
     the sum of £600 (£500+vat).                      lettings team.

23
     Variation of terms                                          End of clauses
     Any variation of the foregoing Terms
     and Conditions will only be valid if
     agreed in writing by a Director of
     Saxon Kings.
Landlord Guide - Saxon Kings Terms & Conditions of Business
To proceed, please confirm your instructions by signing this document with the sections below
completed. You should read carefully to ensure that these terms and conditions are comprehensive
and that you are not entering into any agreement that you may later dispute.

Property address:_ ______________________________       I acknowledge my/our obligations under
                                                        the Furniture and Furnishings (Fire)(Safety)
__________________________________(‘the property’)
                                                        Regulations 1993, the Gas Safety (Installation
I, _________________________________(declare that:      & Use) Regulations 1998, The Smoke & Carbon
I am the sole legal owner of the freehold/
                                                        Monoxide Alarm (England) Regulations 2015
leasehold interest in the property
OR                                                      and Electrical Equipment (Safety) Regulations
I am the joint owner of the freehold/leasehold          1994. I accept that I have full responsibility for
                                                        ensuring that I/we comply fully with their
interest in the property with; ____________________
                                                        requirements before and during the letting of
______________ (please print full names) on whose       the property.
behalf I am authorised to give these instructions       I confirm that there are no major repairs,
to Saxon Kings to make this declaration.
                                                        construction or maintenance works which I am
I agree to and accept Saxon Kings’ Terms and            aware of due to be carried out, or in need to be
Conditions, clauses 1 to 24 (inclusive) as set out in   carried out to the property, or any adjoining
their Landlord Guide and acknowledge receipt of
                                                        property which the property forms a part of.
a copy.

The services which I require are:                       Please provide the bank details to the account
Letting Service                                         you wish your rent and security deposit (if
                                                        applicable) to be paid into:
Full Management Service
(to include Letting & Rent Collection Service)          Bank name: ___________________________________

Rent Collection                                         Account in the name of: _______________________

I instruct Saxon Kings to prepare and issue a           Account Number: ______________________________
tenancy agreement as per clause 10 of their
terms and conditions: YES / NO                          Sort Code: _____________________________________

I instruct Saxon Kings to protect the Security
Deposit as per clause 12 of their terms                 I enclose the following documents to comply
and conditions: YES / NO
                                                        with the Money Laundering Regulations 2017:
I authorise Saxon Kings to instruct contractors         (N.B. You must provide one of the following as
on my behalf to carry out the following:                proof of ID for each legal owner).

Energy Performance Certificate

Gas Safety Certificate
                                                        Colour copy of valid passport
Electrical Inspection

Smoke & Carbon Monoxide Alarms                          Colour copy of valid driving license
                                                        You must provide one of the following dated
Inventory Preparation
                                                        within the past 3 months as proof of your current
Check in & Check out                                    home address for each legal owner:

For tax purposes, I declare that for the duration       Council Tax Bill
of the tenancy agreement I shall be:
                                                        Utility Bill
Resident in the UK
                                                        Bank statement
Non-resident in the UK
                                                        Print Name: ___________________________________
I also declare that should my status change during      Signed: ____________________Date: _______________
the tenancy, I will notify Saxon Kings immediately.
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