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Landlords In Fitzrovia, Soho, Covent Garden, Bloomsbury, Marylebone

LDG offer a complete in-house letting and management package to landlords, investing clients and property owners who require assistance leasing their property, on a furnished or unfurnished basis. We look to secure the highest rental returns on properties for our clients.

Commission & Fees

You are responsible for our commission, which is based upon a percentage of the gross rental value of the property. All commission and fees are exclusive of VAT, which will be charged at the prevailing rate. Commissions remain payable to us as long as the tenancy continues, whether or not the Landlord has disposed of, or transfers his interest in, the property.

The Property

You warrant that you are the legal owner of the freehold/leasehold interest in the property and/or are authorised to sign this and other relevant documents.

If the property is leasehold, you warrant that: -

(a) Any proposed tenancy is permitted under the terms of your lease.

(b) Any proposed tenancy will terminate before the expiry of your lease.

(c) Where necessary the written consent of your superior landlord has been or will be obtained.

(d) Any onerous or special terms of the lease that may be relevant to the letting will be disclosed to us.

If the property is mortgaged, you warrant that before entering the proposed tenancy you have obtained permission to do so from your mortgagee or mortgagees.

Condition

At the commencement of the tenancy agreement the property must be in a clean and tidy condition and meet the required standard of lettings.

You are obliged by law to ensure that, before commencement of the tenancy, the property is in a sound condition and will be so maintained during the period of the tenancy agreement.

You agree to accept responsibility for any liability under the Defective Premises Act 1972 in relation to the property, or any part thereof and agree to indemnify us fully in the event of any claim made in this respect.

Should you fail to meet the obligations above, we reserve the right to instruct contractors and to deduct any cost incurred from rent received.

Keys

You agree to provide us with three sets of keys to all external locks in the property.

Insurance

You will be responsible for building insurance, and for insurance for your own fixtures and contents. You must inform your insurance company that the property is to be tenanted and we cannot accept liability arising from your failure to do so. It is important to check your policy to ensure that you are covered for third party, public liability and defective premises risk.

Appliances

All appliances, including central heating and burglar alarms, should be checked and serviced before the tenant occupies the property. Whenever possible, maintenance contracts should be taken out and given to our Property Management Department if you are using our management service, otherwise they can be provided to the tenant. Operating manual and guarantee cards must also be made available in the property.

Income Tax

Any profit arising from the letting of a property, whether the landlord is resident in the U.K. or not, is assessable for tax in the U.K. Where the landlord is non-resident in the U.K, the Inland Revenue operates a "non resident landlord scheme", under which we are required to deduct tax at the basic rate from the rents received. Non UK resident landlords can apply to the Inland Revenue for approval to receive their UK rental income with no tax deducted.

We would recommend that all Landlords seek professional advice, in respect of the tax implications, which may apply as a result of letting their property and the income derived therefrom.

Indemnity

You will indemnify us in respect of any loss incurred by us as a result of any act, omission, or representation made by you or by someone on your behalf, or in the event that you have provided false or erroneous information.

Legal Costs

If it is necessary to instruct solicitors in respect of any matters relating to the Letting or Management of your property, we will require your specific instructions and you will be responsible for paying all the costs involved. Whilst such costs are normally recoverable from the tenants you will be ultimately responsible for the costs involved.

Landlord & Tenant Act 1987

We are obliged to include your full name and address on all rent demands. We must provide the tenant with an address within England and Wales at which notices (including notices in proceedings) may be served on you. Unless otherwise instructed, if your address is outside England and Wales, we will use the address of our lettings office named in the tenancy agreement for this purpose.

Mutual Agreements

The expiry or termination of this agreement shall be without prejudice to any rights, which have already accrued, to either of the parties under this agreement.

We will not be obliged to make any payments on our own account but only from rents collected on your behalf and/or from monies provided in advance by you.

Safety Regulations

You must ensure that, prior to commencement of the tenancy, all relevant furnishings in the property comply with the "Furniture and Furnishings Regulations (Fire) (Safety) 1993"; that all gas installations meet the requirements of the "Gas Safety (Installation & Use) Regulations 1994" evidenced by the production of a current Gas Safety Certificate and that all electrical appliances are tested and meet the requirement of "The Electrical Equipment (Safety) Regulations 1994". You agree to indemnify us fully in the event of any breach of these provisions.

West End Property