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Under the skin of the letting market

Here we share news and views on both the local letting market in & around Oxfordshire and all planned and recent legislation.

We love it when a plan comes together

The beautiful cottage in Great Tew

Back in April one of our Office Managers was contacted by an existing landlord who wanted to market their own house for rent near Banbury.

The landlord told us the property would be ready from mid-July, so we immediately began marketing it. Soon after, the perfect tenant viewed the property and instantly wanted to take it.

Unfortunately, the tenant wanted to move in sooner than the landlord could leave but after some negotiation, a date was agreed. All was proceeding well until the landlord was let down by their movers, which resulted in changing the tenancy start date. After a huge amount of negotiation, all parties agreed to continue.

We had our ‘hand over’ meeting (where the landlord provides us with the property information for us to take over the management) at the cottage just 7 days before the tenancy started – the earliest our landlord could do – amongst packers and movers. Our Property Manager even made a round of tea for the workers!

The tenancy preparation was then planned with military precision: a carpet replaced, chimneys swept, windows cleaned, carpets cleaned, property cleaned, oven cleaned, gas safety check and remedial work carried out, electrical safety check and remedial work carried out, inventory taken and keys checked and cut. All of this was completed in time for the tenancy start a week later. The tenants have had their first weekend in the property and are delighted with it.

This was an unusual scenario as we usually leave more time to prepare a property, but sometimes we have no choice. Due to our Property Management being handled in-house, we have the skills and flexibility to be able to react quickly when the needs of our clients dictate.