What are the benefits of letting a property in Leicester?

1. Strong Rental Market: Leicester has a thriving rental market due to its large student population and diverse economy. The presence of several universities and educational institutions attracts a steady stream of students and young professionals seeking rental accommodation.

2. High Demand: The demand for rental properties in Leicester is generally high. This can lead to shorter vacancy periods, ensuring a more consistent rental income for landlords.
3. Affordable Property Prices: Compared to some other major cities in the UK, property prices in Leicester can be relatively affordable. This may allow landlords to acquire investment properties at a lower cost compared to other regions, potentially offering a favourable return on investment.

4. Potential for Capital Growth: Leicester has experienced significant growth in recent years and continues to undergo regeneration and development projects. This can potentially lead to an increase in property values over time, providing landlords with the opportunity for capital appreciation.

5. Diverse Tenant Pool: Leicester's diverse population includes students, young professionals, families, and migrants from various backgrounds. This diversity can provide a broad tenant pool, increasing the chances of finding suitable and reliable tenants for your property.

6. Proximity to Transport Links: Leicester benefits from excellent transport links, including direct train services to London and other major cities. This connectivity makes the city attractive to tenants who require easy access to transportation for work or leisure.

7. Cultural and Recreational Offerings: Leicester offers a rich cultural scene, historical sites, museums, parks, shopping centres, and a vibrant nightlife. These amenities can make the city an appealing location for potential tenants.

 


Written by First 4 Lettings

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Fees

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PERMITTED PAYMENTS

As well as paying the rent, you may also be required to make the following permitted payments:

1) Holding Deposit: Up to one week’s rental

2) Deposit: One month’s rental (5 weeks rental dependent on individual’s circumstances)

3) Payments for utilities (gas, electricity & water), communication services (telephone & broadband), Installation/Subscription of cable/satellite, TV licence and council tax

4) Default Fee (late payment of rent): If full Rent is not paid within 14 days or more of the Rent Due Date there will be a charge 3% plus the Bank of England base interest rate of the full rental amount until full payment is received

5) Default Fee (breach of tenancy agreement, any other permitted payments, under relevant legislation including contractual damages): For any breach of the tenancy agreement based on the reasonably incurred costs of the agent or landlord

6) Replacement of keys, fobs or other security devices

7) Default Fee (changes to the tenancy): An administrative charge of £50.00 or greater for any assignment, variation or novation of the tenancy agreement made at the tenant’s request (only if agreed by The Landlord and/or The Landlord’s Agent)

8) Payments in respect of early termination of a tenancy agreement at the tenant’s request


TENANT PROTECTION

First 4 Lettings is a member of Client Money Protect which is a client money protection scheme, and also a member of PRS (Property Redress Scheme), which is a redress scheme.