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Selling a property can be an exciting but complex process and having all your documents in order can help things run smoothly. Whether you are a first time seller or have experience in the property market, knowing which documents you need to prepare can save you time and stress. Here’s a simple checklist to get your documents ready before you list your property for sale.
Title deeds: confirming ownership
First, ensure you have your title deeds in hand. These confirm that you are the legal owner of the property. If your property is registered with the Land Registry, you can obtain an official copy of the deeds from them. If there are any restrictions or legal obligations on the property, these should be outlined in the deeds, so having them ready will help clarify any issues.
Energy performance certificate (EPC)
Next, gather your Energy Performance Certificate (EPC). This document is required by law for anyone selling or renting a property and provides potential buyers or tenants with an energy rating for the property. If your property doesn’t already have a valid EPC, we have our own team of Domestic Energy Assessors here at Richard Kendall Estate Agent who can carry out the assessment for you before you list your property.
Simply contact us to arrange this service.
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When it comes to buying property, leasehold properties are a popular option, especially in urban areas where freehold properties can be harder to come by. However, before committing to a leasehold, it’s essential to understand the unique considerations that come with it. Leasehold ownership means you own the property, but the land it sits on is owned by someone else – typically a freeholder. This can affect everything from the length of the lease to the cost of maintenance and ground rent, so it’s vital to approach with the right information.
Check the length of the lease
One of the first things to check is the length of the lease. If the lease has fewer than 80 years left, it could significantly impact the value of the property and make it more difficult to secure a mortgage. If you find a property you’re interested in, it's a good idea to ask the seller to extend the lease before you proceed with the purchase. This can help avoid complications later on.
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An inventory report is a detailed list of the items and condition of a property when a tenant moves in. It typically includes everything from furniture and appliances to the condition of walls, floors, and fixtures. This document serves as a record of the property’s state at the start of the tenancy, and is usually completed by the landlord or a property agent in the presence of the tenant. Both parties will sign off on the report, agreeing that it accurately reflects the condition of the property.
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So, what is tenant referencing?
It’s a bit like matchmaking – but for homes. Referencing helps landlords make informed decisions and gives tenants a chance to show they are reliable and ready to move.
Here’s what gets checked:
* Credit history
* Employment & income
* Previous landlord feedback
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How to Build a Property Portfolio in Today’s Market
Building a property portfolio in today’s market can be an exciting and rewarding endeavour, but it requires careful planning, research, and a strategic approach. The property market is constantly evolving, and with the right decisions, it’s possible to create a portfolio that delivers both financial security and growth over the long term. Here’s a comprehensive guide on how to start building your property portfolio successfully.
