Property to let, share or wanted in Birmingham and the UK #. Create a free classified advert, use help for more information

Help information and some property references

Use the Create my advert facility to create your own advert, note you should indicate local bus routes or railway station, you can also enter the post code of the property/area, so that a map of the area can be displayed, and perhaps include a daytime/nightime telephone number, please also indicate the price/rent required, once the advert has been satisfied please change the addtype to reserved, so that the advert is still retained for future advertising but it will not be displayed currently. Please enter a valid e-mail address, this is never disclosed to any third party!, however if the email address is incorrect then your advert may never be answered!

Your advert will need to be approved before publication after you have created or changed the advert, this will normally be within two working days. If you post a query to me I will return a reply as soon as possible, if you do not receive a reply then please check the email address on your enquiry, or add a telephone number to the query and re-send it.

PLEASE DO NOT add any attachment(s) to your email(s), your email will NOT be opened as part of security! This is a free service please limit your advert to three or four lines

The Create my advert facility automatically sets up a five character password, you can change this to a password of your own choice, BUT please limit it to five characters.

Should you forget your own password then use the Edit my advert facility (forgotten password) and the password will be returned to your email address, you will require the reference number.

Please use the feedback facility to contact us about site problems.

Use the search facility to limit the adverts returned, ie enter selly oak for instance!

Terminology description/advice


Auction
Buy to let
Buying the freehold
Capital Gain
Condensation
Council tax
Deposit
Freehold
Freeholder
Inventory
Leasehold
Mortgage
Re-Mortgage
Repairs
Rent a room
Students
Tax
Tenancy agreement

Auction Sales
There are many reasons why property is sold at auction such as:-
1) The property may be of an unusual design and it is difficult to price, selling the property at auction may return a more realistic market price.
2) The property may require some major structural work and needs to be sold for cash.
3) The owner needs a quick sale.

Buy to let
This term is applied to the purchase of a property that will be let a third party, the lending rates on this type of property is usually higher than a normal mortgage.

Buying the freehold
If you own a property you can normally apply to purchase the freehold title from the freeholder, provided that certain conditions are met the freeholder cannot refuse to let you purchase the freehold. The cost of this purchase is a complex arrangement based of the remainder of the lease and the ground rent payable, generally the purchase of the freehold will raise the valuation of the property by at least fifteen to twenty percent, based on a property valued at 80,000, you would expect to pay at least 10,000 for the freehold rights.

Capital gain
The difference between the original cost of the asset and its disposal, all expenditure for the cost and sale of the item can be included in the calculation from income, note some items such as double glazing are not allowed as an expenditure when letting a property, because this is classed as an improvement, you can claim this expenditure when disposing of a property.

Council tax
If you are letting out a complete property to students, then there is no council tax to pay on the property, however if one of the tenants is not a student or does not notify the council with proof, then they will be liable to pay the council tax, you should note that if your are renting out a room to a none student tenant, you may loose your 25% discount if you are a single person occupying the property.

Condensation
Cooking,showering,drying clothes and breathing all create excess moisture in the air and can cause condensation. Dealing effectively with condensation on a daily basis can help prevent serious problems such as mould growth. It is the tenants responsibily to deal with the condensation not the owner/Agents
Advice for dealing with condensation
.close the kitchen door and keep a window open. Use extractor fans where provided. Keep the door shut for at least 20 minutes after use. .Cover pans when boiling. .When having a shower/bath keep the bathroom door shut and a window open. If it is too cold to have the window open whilst having a shower/bath open it after use. Keep the door shut for at least 20 minutes after use. .Dry clothes outside or keep a window open in the room where clothes are drying, and keep the door closed. .Try and keep heat on a low constant temperature, increasing the heat as and when required, this will eliminate the cold surfaces so that moisture will not turn into droplets of water..It will be cheaper because it takes longer to heat a room from cold than from a low heat. .Move large items of furniture slightly from walls i.e bed/wardroob.

Deposit
A sum of money equal to one months rent or more, refunded at the end of the tenancy provided that no bills are outstanding and no damage has been caused to the property.

Freehold
The term implies that the property has no lease applied to it, and no ground rent is payable.

Freeholder
The person that owns the freehold, the lease holder pays ground rent to the freeholder.

Inventory
A list of all items and there condition usually taken before the commencement of the Tenancy, and then re checked at the end of the Tenancy to ensure that damage is paid for from a deposit.

Leasehold
The term implies that the property had a lease applied to it for a given term of years, ground rent is usually paid by the lease holder to the free holder.

Mortgage
The name applied to the amount of money borrowed when purchasing a property, or the remaining sum of money outstanding on the original loan.

Re-Mortgage
The name applied to raising finance from the owners property, by taking out a new mortgage on the property.

Repairs
The landlord/agent is obliged to repair the property and maintain it to a safe standard
The tenant should report all disrepair, in writing, promptly. If further damage is caused because a repair was not reported i.e. leak from the roof that damages the ceiling and/or walls, the landlord/agent may charge the household for excess damage
The tenant may NOT remove and fixtures or fitting without the landlords consent, this includes doors!

Rent a room
The term applied to renting out a room in your main residence, this should be disclosed on your tax return, but maybe completely tax free, you should contact your tax office for advice.

Students
Please refer to the notes on
Council tax , you are strongly advised to reply to the To Let adverts, early in the new year, if you leave it too late you may be disappointed, the owner will often let the property out on a first come first served basis, have a chat with the existing tenants to get their opinion on the landlord, be carefull about your choice of housemate, you will have to live with each other for the next twelve months, treat the landlord, neighbours and property with consideration, any damage to the property or its contents may have to be paid for, do not leave the property in a dirty or untidy manner when the lease is finished, you may be charged for a cleaning service, dont forget to return the keys at the end of the term, again you may incur a charge if keys need to be replaced. Ensure that payment of rent is made on or before the due date. Ensure that you have the old and new meter readings agreed by the landlord, at the start and end of the tenancy, Ensure that there are no unpaid facility bills.

Tax
The money due to the inland revenue, after all allowances have been calculated, this would include property management fees, water rates, ground rents, agents fees and allowable expenditure, all rental income is taxable and must be declared, interest payments are a deduct able item.

Tenancy agreement
An agreement made between two parties, usually the owner/agent and the tenant(s), most tenancies take the form of a shorthold Tenancy which binds both parties for an agreed period of time at a fixed rent for the period of time.