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We have put together the most common questions asked by potential landlords when enquiring about our services. If your question is not covered here please contact us with your question and we’ll respond accordingly.

 

 

  1. How long does the process take before I start receiving guaranteed rent?
    This depends on how long it takes you to provide us with the necessary documentation and how long it takes you to complete the works we instruct. There are many factors involved so it is not possible to give a specific time as each property is different.
  2. What are your fees?
    Kajoku Lettings only charge a monthly commission of 10% plus VAT.
  3. Do I get a deposit and the normal month in advance?
    No. Because you shall receive guaranteed rent. We pay the rental 1 month in arrears.
  4. What are the main benefits of using Kajoku Lettings over 'going it alone'?
    When you go it alone you have to consider the following pitfalls:

    • Selecting the 'right type of tenant'
    • Rent collection - what happens if they don't pay
    • Taking out insurance for non-payment of rent
    • Regular inspections - you need to look after your investment
    • Dealing with repairs - tenants can be unforgiving if you don't act quickly
    • Getting your property back with full vacant possession 

    We take care of all of the above and the good thing is you don't pay an extra penny in fees to us
  5. How much rent will I get with Kajoku Lettings?
    The Kajoku Lettings rates and fees for 2006 are as follows: 
  6. Property type  Council Rate  Monthly amount you receive  Our fees
    4 bedroom house £786.66  £694.23  92.43
    3 bedroom house  £736.66  £650.10  86.56
    2 bed house  £693.33  £611.86  81.47
    1 bed house  £584.66  £515.96  68.70
    3 bed flat  £686.66  £605.98  80.68
    2 bed flat  £649.66  £575.32  74.34
    1 bed flat  £520.00  £458.90  61.10

    Our fees listed above are inclusive of VAT at 17.5%.

  7. Surely I can get more renting my property privately?
    At first glance it may look that way, however consider the following typical example for a 3 bedroom house: 


  8. click on image to enlarge

    This example highlights the benefits of going with Kajoku Lettings.


  9. How do I receive my rental income?
    We can pay you by cheque or by a bank transfer straight into your account. 

  10. How are you able to guarantee me rent?
    Kajoku Lettings has a number of contracts with organisations, including Bexley Council, who seek to rent the properties like yours for medium to long periods of time. 


  11. Is the rental amount fixed for the 3-5 years?
    No, it shall be reviewed yearly and adjusted according to market rates.


  12. What sort of tenants will you put in there?
  13. We cannot say as our clients will endeavour to place the most suitable tenants in your property. 

  14. Will the tenants look after my place?
    It is the councils job to ensure your property is being taken care of. This will be done through regular inspections and remedying any issues swiftly before they potentially turn into bigger problems. 

  15. What about damage to my property?
    The council shall ensure your property is returned to you in the same condition you gave it to us in, fair wear and tear excepted.


  16. How will my property be maintained?
    Through regular inspections and carrying out the necessary repairs to the property.


  17. What happens if the sub-tenant moves out suddenly and my property is empty?
    You still get your monthly rent as normal. You shall be guaranteed 50 weeks of rent in a year irrespective of how long your property is empty for.


  18. Am I still responsible for repairs?
    Yes, you will be responsible for some repairs. The contract you sign specifies what repairs you are responsible for. We will carry out all repairs on your behalf and then deduct this from your monthly rent. We will always seek your authority before effecting any repair unless it was an emergency or we were unable to contact you. 


  19. What should I do before letting my property to Kajoku Lettings?
    Click here to learn what you need to do before letting your property with Kajoku.


  20. I would like to instruct Kajoku Lettings what happens next?
    Simply contact us and a member of our team shall arrange an appointment at a mutually convenient time. At the first meeting we would measure the bedrooms and check that your property meets with the requisite standards. We would also like to have sight of a number of documents such as proof of ownership, I.D and Utility bills. 

    Once everything is in order, we will arrange for the signing of the contracts. Shortly after this you’ll start receiving your guaranteed monthly rental income!




We hope this information sheet has been of use to you. Please feel free to contact us should you have any further questions.

 
   
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September 2006
New Property Resource Centre.
Check out our recommended Property Books, DVDs, Magazines and Software find out how to manage your own property, learn about mortgages and how to buy your home on a budget, plus much more.... 
January 2006
Standing Orders Now Available!
Kajoku Lettings is pleased to announce that we now can pay our landlords directly into their bank accounts. Contact us for more details.
November 2005
Property Sales Division Launched!
Kajoku Lettings is pleased to announce that the Property Sales Division is now open for business......
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