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The Lettings Specialists, Surrey and Sussex

Expert Property Advice

How long does it take to Let a property?

Ever wondered how long it takes for Knights to establish a tenancy properly?

See how knights accomplish this below:

 

Task Time Needed
Initial Contact and Market Research

Researching and creating evidence for client to educate on price, market climate and strategy.

 

1.5 Hours (Prior to appointment)

Attend Property and Present to Client

Visit property, assess condition, assess possible areas for improvement, advise client. Present Knights services advise on Legislation and all steps required to let property safely and compliantly.

 

 

2 Hours

Prepare Marketing Material and Launch

Prepare Photography, Video Tour, Measurements, Floorplan, Write the description and launch to the respective Property Portals: Rightmove.co.uk and Zoopla.co.uk.

 

 

3.5-5 Hours

Receive Enquiries, Screening Applicants and booking viewings.

Responding to each individual enquiry, speaking with the prospective tenants, screening their interest, and understanding their respective profiles. Sending Video Tour and then booking the best candidates in to view.

 

8-10 Hours+ Based on fielding 20+ enquiries properly.

Attending and Conducting Viewings

Driving to site, conducting physical viewings with prospects in line with our protocol.

3-5 Hours. (This can fluctuate greatly).

Based on four/five viewings on two/three separate occasions.

Agreeing a Tenancy and Completing Reservation

Receiving/Extracting interest offers and going into detail with the prospect as to better understand their profile, timeframes, and intentions to establish the absolute best candidate.  Negotiating the absolute best outcome for client and completing formal reservation with completed paperwork and documents required to meet Legislation.

 

2-3 hours

Taking the agreement from Reservation Stage through to compliant Move-in

Extremely delicate and crucially important administrational process that forms the bedrock of the tenancy for years to come.  This is a 47-step process that must comply with all 150+ separate pieces of Landlord Legislation currently in force.

 

10-15 hours

Moving the tenant into the property and processing the file and paperwork accordingly

Attend site, check the tenant into the property, check and test Smoke Alarms (if instructed) and ensure the inventory is co-signed by the tenant at handover.

 

3 Hours

In this example we are moving straight to End of Tenancy, however if managing a property, the time needed increases accordingly with each management issue or advice required.
End of Tenancy

Correspond with tenant three months prior to expiry of tenancy, agree Exit Procedure with tenant. Book the checkout, receive, and review checkout send to client with advice and guidance.

 

 

1-2 Hours

Deal with any Deposit Damages for client

Liaise with Client and tenant over Deposit Damages as highlighted in the professional checkout, if required. Claim on landlord’s behalf, liaise with the DPS and enter claim, if required.

 

 

2-3 Hours

Total Time 50 Hours+

 

Looking for the right Agent to help let your property?

Contact Knights

Lettings and Property Manager at Knights Estate Agents. I am passionate about my career and will always go the extra mile to help and support my clients.

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