Being a landlord is a responsible role and carries certain legal obligations.
Below is a very brief summary of just some on the areas covered by laws and regulations.
Consents to Let
Do you have permission from your mortgage lender to let the property?
Tenancy Agreement
This is a very important document in the lettings process. The Assured Shorthold Tenancy (AST) is the most common type of agreement which provides the tenant with certain protections and gives the landlord rights to regain possession.
Gas Safety
Every gas appliance must be checked before a tenant moves in and annually thereafter.
Electrical Safety
Every rental property must have a valid EICR and all electrical appliances in the rented property must be checked by a qualified engineer to verify their safety.
Energy Performance Certificate
As a landlord, your property must have one of these certificates assessing its energy performance.
Smoke Alarms
Properties built after 1992 must have mains wired smoke alarms on each floor. We strongly recommend that landlords provide smoke and carbon monoxide alarms in their properties.
Tax on Rental Property Income
All rental income from property in the UK is taxable. If you are unsure of your liabilities contact a specialist tax accountant.
Tenancy Deposit Scheme
For all AST’s the tenant’s deposit should be registered with a recognised deposit protection scheme.
Inventory
Before the rental starts a full inventory should be undertaken and supplied to both the landlord and tenant.
*The information here is for guide purposes only. It does not constitute legal advice.
Thanks for reading and if you have any other property related questions please don’t hesitate to get in touch with us – we’d love to help you.
PS: If you want to let your property quickly, professionally and cost effectively call our team on 01709 365584 or email: enquiries@bricknells-retnals.co.uk for honest, expert and friendly advice.
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