It is the landlord’s responsibility, prior to instructing Chase Macmillan, to ensure that the property is in good repair, the services and appliances are operational and in working order and that gas fire, electrical equipment (safety regulations and smoke alarm legislation are complied with, as detailed by the following legislation: - By signing this agreement the landlord indemnifies Chase Macmillan from and against all costs, claims, damages and expenses arising because of the landlord’s negligence or failure to comply with the said statutory requirements.
HMO (HOUSING IN MULTIPLE OCCUPATION) – LICENSING RULES:
As from April, 2006, new legislation has come into force for landlords who are letting properties three or more storeys with five or more people living as two or more households However, some councils may choose to license landlords with smaller HMOs as well. To check whether your property falls into this category, please log into www.odpm.gov.uk, which will provide you details on how to apply for license, how much it costs and whether additional or selective licensing will be used locally.
Income from all residential lettings in the UK is subject to Income Tax. A non-resident Landlord may apply to the Inland Revenue for Self Assessment Status and a CNR number, if granted, you will receive the rent gross and account yourself to the Revenue each tax year. Chase Macmillan is required to deduct basic rate tax and account to the Inland Revenue for all overseas Landlords who have not provided a valid and current CNR number. Any such tax withheld will be placed on deposit in Chase Macmillan’s Client’s Account. (paid to Inland Revenue quarterly). Any marginal rate of interest earned through aggregation of accounts will be retained by Chase Macmillan to defray bank charges and audit costs. If the Landlord is not granted Self Assessment Status the landlord may need to apply to the Revenue for a refund of excess tax once his accounts are up o date. The agent is required to complete quarterly return to submit to the Revenue and the Landlord. For the additional work involved where a Landlord does not obtain Inland Revenue approval to receive rent gross, we will make a charge of £500 plus Vat per three-month period.
"Hi Leha… We are absolutely delighted to write our Feedback about your organisation especially you :) This is what we have to say – It was an excellent experience with Chase Macmillan to find our new residence especially the services extended by the letting negotiator Miss.Leha Rana. She took utmost care and it was absolutely an open and transparent dealing with respect to the viewing property and subsequently getting into a tenancy agreement. We are very happy with the services provided by Chase Macmillan and Miss Leha. All the handling of documentation processes including reference checks and initial procedures were very transparent. The landlord and tenant meetings and monetary transactions were dealt nicely and with highest degree of professionalism. We would thank Chase Macmillan especially Miss Leha Rana to help us finding our new residence in a city which is new to us and best suitable for our family. We would highly recommend their services to others who are looking for property on rent. Regards, Nazia & Sarfaraz"
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