Unit A, 18 Western Gateway, London, E16 1BL
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0207 055 8000
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Let & Manage your property with us from just £52 PCM*!

Terms and Conditions apply:

  1. In order to take advantage of this offer you will need to register your details with OPM by e-mailing your name, e-mail address, contact numbers, billing address and rental property address to This email address is being protected from spambots. You need JavaScript enabled to view it.
  2. Once registered ,we will carry out verification  by means of Land registry seach on the property  –at no further cost to you
  3. This offer is subject to a signed 24 month minimum management agreement.
  4. You instruct OPM as your sole agents and honour our standard terms of business. 
  5. This offer will only apply to properties within the E16, E14 & E6 London postcode areas.
  6. The Landlord will be obligated to ensure that the correct Newham Property Licence is in place for the property (if applicable )
  7. This offer is applicable for the first year only thereafter Lettings and Management Fees will revert to 9.5%.
  8. Should you decide to Terminate the agreement after the First Year ,You will be Liable for A Full Fee of 9.5% 
  9. The monthly costings are based on the following rental bands :-
       £1200 PCM to £1499 PCM @ £52 per month 

       £1500 PCM to £1999 PCM @ £66 per month

       £2000 PCM to £3200 PCM @ £96 per month

  1. Registration expires on 31st March 2017, once registered the offer is valid until 30th September 2017
  2. All other standard agency conditions apply.
  3. OPM reserve the right to alter or withdraw this promotional offer at any time without prior notice.
  4. By participating in this promotion you are deemed to accept these terms and conditions together with any terms and conditions of any relevant third party.
  5. In the event of any dispute regarding these terms or any other matters relating to an OPM promotion, the decision of OPM shall be final and no correspondence or discussion will be entered into.
  6. Please address all queries relating to this promotion to Oxygen Property Management Ltd, Unit A The Oxygen, 18 Western Gateway, London E16 1BL.
  7. These Terms and Conditions are correct as of 10 February 2017.
  8. Offer only applies to new customers.

 

What’s included?

Your property will be available to thousands of potential tenants via our advertising portals i.e.  Rightmove, Zoopla and our website.

Comprehensive tenant referencing, including right to rent checks, to ensure we find your perfect tenant

A free valuation carried out by our lettings team

Accompanied viewings

Legally binding Assured Shorthold Tenancy agreement

Your deposit protected via DPS

Free tenancy renewal agreements

Monthly rental collection

Monthly statements via email

Free legal notices

Online maintenance reporting with contractors available 24/7

Check out and deposit resolution

 

Added extras:

Professional Inventory                      from £130 to £180 +VAT (depending on the size of the Apt)

Rental Warranty                                 £80 + VAT per annum

Quarterly Inspections                           £75 +VAT

NRL Registration                                 £100+VAT (one upfront charge per tenancy)

Newham Rental Licence Registration     £150 +VAT (admin charge) Note: There is also Newham’s charge of £500 per Licence

 

Safety Compliance and Landlord Obligations 

There are a number of things you need to do/check before you let your property.  Firstly, if you have a mortgage on your property, you will need to obtain permission to let the property from your lender. Most lenders will gladly oblige; whilst others may be a little more difficult to persuade - nonetheless all need to be asked. If you are letting a leasehold property, you must check your lease to see what restrictions are within it.  You will need to possess certain safety certificates to legally let your property. These are as follows: The Gas Safety (Installation and Use Regulations 1994 Under this regulation, it is the duty of the landlord of any property to be rented to have all gas appliances and their associated pipe work tested on an annual basis by a GAS SAFE certified professional, before occupation by tenants. A copy of the Gas Safety Inspection certificate must be given to the tenant before the signing of the tenancy contract. If there is no valid certificate then OPM can assist in obtaining the required Certification. This service carries an additional charge. The Electrical Safety Regulations 1994 / Plugs and Sockets (Safety) Regulations 1994. It is a criminal offence to supply unsafe electrical equipment in rented accommodation. Landlords must ensure that ALL electrical equipment, appliances and electrical supply is safe. Electrical items must be examined by a qualified electrician prior to the tenants taking occupation. OPM can instruct an approved contractor to carry out this check on a landlord’s behalf. This service carries an additional charge. The Furniture and Furnishings (Fire and Safety) Regulations 1988 It is a landlord’s duty to ensure all upholstered furniture complies with these regulations. If not, you will need to remove these items from the property and replace them with certified replacements. OPM will advise the Landlord on any action that need to be taken. Energy Performance Certification (EPC) was introduced in October 2009 and is required to be provided to all tenants prior to taking occupation in the property. The EPC is valid for 10 years from the day of inspection. OPM can provide this additional service if required, this carries additional charges.    You should speak to your Building and Contents insurance company as they will need to be informed that you will be letting the property. This may not affect your policy, but not to inform them could leave you at risk of not being covered in the event of a claim.  It is a standard requirement that you should ensure that your property is professionally cleaned before the new tenants move in. You will require the property to be returned to you in the state you let it to the tenants. OPM can provide this additional service if required. It is strongly advised that you get a professional inventory for your property. OPM have a team of people who can compile a thorough inventory for you. This will include a full comprehensive report, pictures and noticeable defects. Rent is a taxable income and therefore it is important that you speak to an advisor about the tax implications and potential tax deductibles that you will be responsible for and entitled to. For more information go to www.direct.gov.uk It is also worth noting that if you own a property that is not your main residence i.e. one that you rent out, you will have a Capital Gains Tax (CGT) responsibility after a set period of time has expired. For further information contact your accountant or see more about CGT at www.direct.gov.uk

Overseas Landlords – Tax Obligations

Where the Landlord is a Non-Resident UK Landlord, the Inland Revenue operates a “Non-Resident Landlord Scheme”, under which OPM are required to deduct tax at the basic rate of 20% from the net rents received every month. OPM will submit these to the HMRC on a quarterly basis.  OPM charge a standard administration charge for this requirement to be processed on the Landlords behalf of £100 + VAT per annum payable in advance at the commencement of a new tenancy.

Non UK Resident Landlords can apply to the Inland Revenue for an approval certificate which exempts OPM from making the deduction and paying it over the HMRC. We advise all Landlords to seek advice from a specialist Tax advisor, as Tax advice is not a service OPM provides.