LetSimple
Lettings Made Easier
LetSimple is a fully managed lettings service with one monthly subscription. Improved Cashflow. Less Hassle. Easier Life.
What is LetSimple?
LetSimple is a fully managed lettings and property management service for landlords who want an easier life.
The landlords pays a single monthly subscription which replaces all the usual fees incurred by a landlord when letting a property.
LetSimple is only available on a minimum 12 month tenancy and only on rents over £600 per calendar month. However, if the tenant stays over 12 months, the monthly payment goes down by 40% from month 13.
The subscription is only payable when there is a tenant in the property and the subscription also has a maximum cap.
What’s Included?
- All Advertising and Marketing
- Accompanied Viewings
- Tenant Referencing and Tenancy Setup
- Tenancy Deposit Registration
- Photographic Property Inventory
- Alarm Testing on Day of Move In
- Collecting Rent and Chasing Arrears
- Arranging Maintenance Works
- Periodic Property Inspections
- Check Out and Final Inspection
- Annual Rental Income Statements
- Tenancy Deposit Return
- Serving Notices (Section 8; 21; 13 etc.)
- Arranging all Legal Certificates
… and ‘Landlord Disaster Recovery’ – Ultimate Rent Protection (see below).
Why LetSimple?
When investing in property, landlords need to make a profit or, more specifically, have a positive cashflow. Landlords don’t want to be personally funding their buy to let property.
Many landlords are exiting the private rental sector as it is becoming more and more difficult to make it pay.
Legislation continues to get more complicated so self managing becomes a nightmare for many landlords.
LetSimple is an effective solution solution to help prevent landlords selling up by stabilsing cashflow, staying compliant and giving landlords an easier life.
What’s Not Included?
- Maintenance Costs
- Gas Safety Certificate Cost*
- Electrical Certificate Cost*
- Energy Performance Certificate Cost*
* Certificate costs are heavily discounted based upon industry averages.
What are the Benefits?
Cashflow & Fees
Over the course of an average tenancy, which is currently around 26 months, it will cost the landlord significantly less than a typical fully managed service.
LetSimple prevents cashflow fluctuations, especially in the first couple of months of a new tenancy when the majority of fees are deducted from the rent.
In conjunction with our ‘Landlord Disaster Recovery’ policy, LetSimple creates the certainty of regular rental income.
Landlord Insurance
Rent Guarantee Cover
Included in the monthly subscription is ‘Landlord Disaster Recovery’ – Ultimate Rent Protection.
This superb NIL excess rent guarantee policy ensures that landlords receive their rent, even if the tenant fails to pay.
It also includes legal cost cover and will pay the rent until vacant possession is obtained.
An Easier Life
LetSimple allows landlords to sit back and relax that little bit easier knowing that LetSimple will reduce stress levels and provide a much easier lettings experience.
As an independent agent, we can offer the LetSimple service as we have not got corporate shareholders watching our every move.
We can do something different, as long as all parties will benefit.
Landlord Disaster Recovery
NIL Excess
Full Rent Protection for the total monthly rent, for up to 4 tenants as named on the tenancy agreement – provided all are referenced and have passed (excluding Houses of Multiple Occupation).
Full Rent Protection for up to 15 months or until vacant possession is obtained, whichever is the soonest up to £50000.00
Cover up to £2500 rent per calendar month
£100,000 Legal Costs in order to obtain Vacant Possession
6 or 12 month Tenancies
Cover includes breaches of the tenancy agreement by the tenant, including non-payment of rent and expired notices seeking possession.
Cover should a tenant defend the action taken, that means that we’ll continue to pay the claim until the challenge has been resolved.
No involvement in claims process.
Cope & Co. representative will attend court on the landlords behalf.
Serving Section 21 and/or Section 8 notice to regain possession of the property if required.
Cover available Monthly or Annually.
Cover even when the tenants change (subject to satisfactory references)
Covid-19 cover included
Full lock change on the property if required.
Our obligation to the landlord is that in the event that there are any defaults in the payment of the Rent (as set out in the tenancy agreement) by the Tenant(s)/Guarantor(s) within the tenancy, we will pay Rent monthly in arrears, as per the rent amount on the tenancy agreement, for up to 6 months or until possession is obtained, whichever is the soonest.
Payments will be made subject to any deductions agreed in the agency agreement. Deductions will also be made for any outstanding charges due from you.
In the event of payments being made under this guarantee, all of your rights as Landlord to recover such sums shall be subrogated to the Agent or their insurer in order to affect recovery of sums paid (in the name of the Landlord if necessary or expedient). By choosing this service the landlord confirms and agrees to the same.
Should you receive any funds from any Tenant(s)/ Guarantor(s) after any date of default which results in us having to pay any monies to you under the terms of this guarantee, you shall immediately notify us of such receipt and shall forward such funds to us immediately on receipt.