Rents paid by tenants are paid on a standing order basis. The rent due date being the day of the month that they have moved in, unless this is otherwise agreed, (sometimes the first day of the month can coincide with their salary pay day).
Upon receipt of payment, we will arrange a bank transfer to the landlord’s nominated account and will send a statement showing income and any expenditure by post.
Our computerized system allows for the minimum delay in the transfer of funds.
It is advisable for all landlords to maintain some extra funds in their nominated account should any mortgage payments or repairs are required. Bank holidays and weekends can contribute to a slight extra delay.
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