Many transferees from the UK do not want to sell their home when going on assignment abroad due to the adverse market conditions that are currently being experienced. Some transferees do not want to sell at a lower price than they feel they can achieve in a year or two.
Our Rental Management services provide overall supervision and central administration of the whole process of renting out a UK property including:
Initial inspection to assess property and rental level
Coordinate advice on tax implications of renting out a UK home
Managing Estate Agent chosen to market property for let
Vetting prospective Tenants
Collecting rent, security deposit, dues and other income
Negotiating Tenancy Agreement on behalf of the Landlord (assignee)
Organizing Inventory Check In and Check Out
Administering payment of operating expenses and other obligations
Coordinating all emergency repairs on a 24-hour a day basis
Coordinating interior/exterior maintenance
Periodic on-site inspections
Arranging for professional cleaning between occupancies
Coordinating return of security deposits and dilapidations claims
Coordinating utilities not paid by tenant or when home is vacant
Converting Transferee’s individual insurance policy from homeowner occupant to a Landlord policy
