How much will it cost me to let my property?
The costs involved in letting your property consist of:
Energy Performance Certificate
An EPC, which you will need to make available to prospective tenants no later than 28 days from marketing beginning. Check if your estate agent can arrange for an EPC to be carried out on your behalf. mac can arrange your EPC for you.
Inventory and check-in report
An inventory and check-in report, which should be organised before a tenant moves in. Costs vary depending on the size of the property
Are there any additional marketing costs?
We do not charge any additional marketing costs
Who will conduct viewings on my property?
Our Agents will accompany any viewings of your property and will provide you with feedback after the viewing.
Do I need to be present for viewings?
If your estate agent is accompanying all viewings and they have the access codes and keys for your property, then your presence is not required. It is worth noting that tenants often feel more relaxed when the owner is not present.
What is an EPC and how long will it be valid?
It is a legal requirement for landlords to have a valid EPC before their property is let. An EPC (Energy Performance Certificate) measures the energy efficiency of a property using a scale of A-G and is valid for 10 years.
How much will it cost to have my property managed?
Our Property Management fee will be charged as a percentage of the rental price + VAT and is payable upon the tenant signing the Tenancy Agreement. Please see our Terms and Conditions for an outline of the services provided.
View MAC Landlords Terms and Conditions of Business, Fees and Expenses
How much is the tenant's deposit and what happens to it?
This is usually four weeks rent and is payable when the tenant signs their tenancy agreement. The deposit will then be registered with a tenancy deposit protection scheme within 14 days.
This helps to protect the landlord as all deposits being paid by a tenant for an Assured Shorthold Tenancy are registered with a recognised deposit protection scheme within 14 days guaranteeing that any deposit disputes will be dealt with efficiently.
Who organises the inventory?
We are able to organise the inventory on your behalf.
How long does it take to receive my rent once paid by the tenant?
You should receive your rent by Bank Transfer within 3 days of MAC receiving the rent from the tenant. The due date is typically, although not always, the date on which the tenant moved in.