1. What is Direct Move Property Solutions responsible for?
We are responsible for paying you the set monthly rental fee each month. We fill the house with our professional tenants, we ensure all of the utilities and council tax are paid, we hire a cleaner and a gardener (where applicable) to watch over the property and take care of the communal areas. We are the first port of call for the tenants if they have any problems. We act as the landlord and take over all of the landlord responsibilities so that you don’t have to worry about any of it.
As our tenants expect the highest quality and standards we generally need to spend money up-front in order to make the house suitable. There will be no cost to you for any interior upgrade work, decoration or furniture.
How it Works
The process for landlords is simple. Instead of signing an agreement with a tenant, you sign an agreement with Direct Move Property Solutions. You don’t need to do anything else. This contract will typically last 5 years and can be extended if desired.
Setting up and managing an agreement with us is incredibly easy... and in basic terms...
1. We decide the monthly rental amount that you would be happy to receive.
2. We provide an agreement that has been drafted by our solicitors and sets out all of the terms.
3. We take over the management of the house and fill it with our professional tenants.
4. You receive your guaranteed rent and watch your bank balance grow!
5. We return the house in great condition at the end of the period or purchase it at the price agreed at the outset.
2. Will I still make the same amount of money as usual?
Yes. We generally pay about the same amount of money as you would earn if you were to let your property normally and we guarantee payment every month. The exact monthly amount and the time period will be agreed between us and is based on your needs.
3. Am I responsible for anything at all?
As a landlord, you will need to make sure the exterior/structure of the building is sound. Direct Move Property Solutions is not liable for repairs to these parts of the home (for example, roof tiles and structural soundness).
As a responsible landlord, you should make sure the building is insured, and that you have adequate safety and environmental certificates in place (e.g. Gas safety, Electrical Safety, EPC... we can help with these).
Finally, if you have one, it is your responsibility to look after your own mortgage.
4. How does Direct Move Property Solutions make money?
Unlike letting agents, we do not charge you any fees or commissions. We earn our commission from the tenant that we put in to the house. As we work with local companies to rent to their professional employees and provide quality housing with flexible length terms and professional services we are able to receive a mark-up on the monthly rent. This may sound like a lot of work for us, but it does not affect you. YOUR payments are guaranteed every month and you don’t have to lift a finger.
5. Is this sub-letting?
NO. Direct Move Property Solutions DO NOT have an Assured Shorthold Tenancy (AST) with the owner of the property. The AST is the contract that disallows sub-letting and is not appropriate in this situation. The contract that we use has been specifically drawn up by a commercial solicitor for these types of lease arrangements.