Living London is a new style of business, working with Letting Agents by providing a quick and easy solution to renting properties. Tenancies of between 3 and 5 years with no break clause are speedily secured and at renewal time Living London always works closely with the agent to ensure contracts are resigned.
Living London provides a service that allows agents to have complete confidence in promoting a winning and attractive formula to valued clients.
Living London’s provision of an uninterrupted rental income coupled to high standards of property care ensure that Landlords appreciate the value of retaining Living London as a tenant for the long term. Living London also provides a rapid and reliable route to securing a tenancy in the event of a multi-agency contract race. In summary, Living London is a win-win-win business for agent, landlord and resident.
No. Living London has one line of business – we rent properties from landlords and provide accommodation to professional residents. Our service maximises your property’s value through effective ongoing property management.
Yes – something similar. Living London become your tenant – we usually sign a fixed three to five year commercial tenancy agreement to take charge of your property, but effectively we are your tenants.
During the tenancy we pay you a guaranteed monthly rent on the 1st of each month regardless of the properties occupancy.
We organise the property maintenance in the property.
Finding and checking references of our professional residents is important to us. We pick a mix of male and female residents usually between the ages of 21 and 35. Collecting their monthly all inclusive fees and keeping them happy is our responsibility.
The Living London Licence Agreement allows only one occupant per bedroom (unless previously agreed). Properties are monitored every week as is the number of residents living at the property.
Under the Housing Act, all forms of Tenancy Agreement and English Common Law prohibit sub-letting. Residents enter into a Licence Agreement with Living London – not a Tenancy. This Agreement makes for an attractive and flexible arrangement; there is no exclusive right of access to any part of the property.
We manage a range of properties from 1 beds to 9 bedroom houses and everything in between.
We provide a commercial tenancy agreement which has been tailor made for Living London. We become your sole tenant for a fixed period of time and it gives us the authority to manage the property on your behalf.
As the landlord, you will be responsible financially for the usual things a landlord is responsible for. However, as the manager of the property Living London will do most of the hard work.
“Minor Maintenance” is categorised under two headings: the “nature” of the maintenance and the “cost” of the maintenance. “Nature” involves fixing lights, switches, sockets, radiator leaks, tap leaks, re-grouting, re-siliconing, fitted furniture repairs, most single-coat redecoration – the “cost” covers any works which are conducted up to a figure of £200 per month. In the very rare event that Minor Maintenance exceeds the figure of £200 in any given month, the Landlord will be advised prior to any works being undertaken. There is no Landlord involvement required in the instance of Minor Maintenance – all work is carried out by Living London’s own in-house Building and Maintenance Team within 48 hours of request, and usually sooner.
Periodic Inspection Certificates (Gas, Electrical, EPC, Legionnaire’s) are legal requirements so do not come under the heading of Minor Maintenance.
“Major Maintenance” covers larger ticket items such as boiler or Megaflow replacement, replacement of white goods or structural repairs such as roofworks. These items will also include high-end fittings such as sanitary-ware or kitchen fittings. Living London will provide quotes to the Landlord and manage the works. The cost of these works is met by the Landlord following careful consultation. All coordination with the residents regarding the carrying out of works is undertaken by Living London.
In reality, the same condition will be difficult to gauge; it is far more likely that the property will be returned in better condition than at the beginning of a tenancy. Living London is constantly undertaking improvements on each property throughout the course of a tenancy to ensure that the all our properties continue to reflect the high standards that are associated with the Living London brand. When occupants move out, bedrooms are very often completely redecorated, carpets steam cleaned and communal areas refreshed as well.
At the end of the Tenancy, when the property is returned to the Landlord, Living London will refer to the ‘Check in and Inventory Report’ and ensure the property is in given back in “either the same or better condition” when compared to the start of the Tenancy. As outlined above Living London carries out redecoration and general maintenance throughout the duration of the tenancy so it is understood that the overall condition of the property will be extremely good at all times. At the tenancy end it is understood that any outstanding necessary redecoration, floor repairs or other required works will be undertaken by Living London as a matter of course and in line with the conditions of the Tenancy Agreement. Living London goes to great lengths to construct stud walls in such a way that there is little or no damage to floors. In the event that marks, or more likely a slight colour differentiation caused by the effects of light and the passage of time are noticed, these will be made good.
LIVING LONDON – OCCUPANT PROFILE