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Information for Landlords

Honesty and integrity are absolutely central to everything we do at Sowerbys and we will provide the same standard of care and attention to your property, as we would wish for our own. Our approach is simple: to provide outstanding customer service with experienced local lettings specialists, utilising the most effective marketing methods available to achieve the best possible price. Coverage across Norfolk, London and indeed the rest of the UK, using traditional print and strategic digital exposure ensures your property is not only visible to the biggest audience possible, but also the right tenant for your home.

Our people are not your stereotypical sales people and we take pride in the fact that Sowerbys is a family run, independent business, building long-lasting relationships across the Norfolk community. Whilst offering the very best in customer care, we also understand that every property and the people behind it are different. Our advanced marketing proposition and unique brand awareness combined with our dedication and love for all things Norfolk property have been a winning formula. Our experienced team looks forward to working with and most importantly supporting you through the lettings process.



Our Lettings Options

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Key Information

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Landlord legislation

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FAQs

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Further legislation which may come into effect that we should all be preparing for:

We understand the above can be daunting, so if you would like any further information please contact your local Sowerbys branch who will be more than happy to offer advice. At Sowerbys we believe the value of a professional and industry established letting agent should never be ignored. Our fully managed option makes sure you and your tenants operate in a fully compliant and safe manner. It also allows us to take care of an evolving market using brand new tenancy agreements, the latest technology and service offerings. This is all geared to make sure that whilst being compliant, the fundamental return on your investment is maximised with accurate and qualified advice.

If you would like to benefit from the above, now is a great time. We are offering current non-managed clients an exclusive opportunity to ‘try before you buy’, with two months free management and a special monthly management fee of just 6% plus vat. No other fees would be payable unless we need to find you tenants. 

What Type Of Landlord Will You Be?

This decision will largely depend upon the level of involvement you would like to have with letting your property, and the number of properties you are looking to rent out.

Even if you decide to take on more of the day-to-day tasks involved in letting a property, remember that you may be on constant call from your tenants, even at unsociable hours in the event of an emergency.

At Sowerbys, we offer a fully flexible lettings service, meaning that you can select the tasks you would like us to undertake on your behalf.

Our lettings Options Explained

At Sowerbys we understand the importance of looking after your investments getting the best return, hassle free. Our Landlords have the confidence that we find tenants for their properties who will treat them as if they were their own home. Providing this peace of mind comes naturally to us and we would like to extend this to you too. You have the right to market your property with more than 1 agent at a time, so if you don’t want to de-instruct your current agents, why not market your property with us as well?

We put the Landlord at the heart of our business – that’s why by taking the time to listen and understand your requirements we can offer a bespoke lettings package tailored to your needs. Whether you require us to 
find a tenant or a more comprehensive management service, our knowledgeable and dedicated lettings team are able to assist.

Tenant Find Service

Using this service, we will advise on the likely rental income for your property. We will then market your property and co-ordinate viewing appointments with prospective tenants. Once a tenant wishes to rent your property, we will undertake references and, if successful, prepare the legal paperwork relating to the tenancy.
If required, Sowerbys can arrange an inventory and schedule of condition at the property. We will collect the first month’s rent and deposit, crediting this to your account, less our fee. At this point, rent collection, property maintenance and contact with the tenant will become your responsibility. This type of service is best suited to landlords who are experienced and have the knowledge and time to ensure their rental property continues to meet legal requirements.

Rent Collection Service

Using this service, we will advise on the likely rental income for your property. We will then market your property and co-ordinate viewing appointments with prospective tenants. Once a tenant wishes to rent your property, we will undertake references and, if successful, prepare the legal paperwork relating to the tenancy. We will collect the first month’s rent and deposit, crediting this to your account, less our fees. At this point, property maintenance and contact with the tenant regarding this will become your responsibility, however Sowerbys will manage the day to day financial accounts, the Tenants will pay their rent to Sowerbys via standing order, we will credit this to your lettings account and forward the monies to your chosen bank account. Should your tenant fall into arrears, Sowerbys will guide you in the retrieval of monies owed.

Deposit-free lettings

We offer an exclusive deposit-free scheme to landlords through our trusted partner, flatfair. This scheme offers landlords up to 12 weeks’ protection from damages and rent arrears - double that of a standard tenancy deposit - as well as faster payouts and fewer voids. The scheme is optional for both landlords and their tenants, and you may list one or all of your properties with this deposit-free option. For more information, contact your dedicated agent.

Standard Fees

Fully managed service
60% plus vat of the first month rent (set up cost) and 10% plus vat of the monthly rent.

Part managed service
60% plus vat of the first month rent (set up cost) plus 6% plus vat of the monthly rent.

Letting only service
100% of the first months rent (single payment)

Additional fees that may be charged: Tenancy agreement renewal and combined rent review - £120.00 plus vat

Additional property inspections (full management) - £42.00 plus vat

Additional property inspections (tenant find only) - £75.00 plus vat

Additional contractor quotes (more than two) (full management only) - £24.00 plus vat

Income tax (non-resident landlord – regulations 2005)

A quarterly fee deducted from the rental income following the HMRC quarterly return (full management and rent collection only) - £120.00 plus vat

An annual fee deducted from the rental income following the HMRC annual return (full management and rent collection only) - £60.00 plus vat

If Sowerbys are requested to attend court on behalf of a landlord - £240.00 plus vat (per day)

Deposit registration(Tenant find only) - £28.00 plus vat

Serving a section 21 notice (notice of termination of the tenancy) - £60.00 plus vat

Serving a section 13 notice (notice of rent increase) - £60.00 plus vat

Addendum fee - £60.00 plus vat

Raising a dispute with flatfair Rent collect/Let only (refundable if found in good faith) - £100 + VAT

Management of deposit claims/disputes for non managed clients  - £100 plus vat

Combined professional Inventory, housing health and safety rating system survey and check in/check out reports – £150 plus vat

Client money protection is provided by ARLA (The Association of Residental Letting Agents) Redress scheme is provided by The Property Ombudsman