Information for Landlords
Please be advised that the information contained on this page is designed to give you an understanding of the main topics and obligations to be considered when renting a property.
Preparing your property
We can advise you on every aspect of preparing your property for rental. There are naturally things you can do to make it more marketable; there are aspects of the property you have to attend to by law. The following is a summary of the main points to be considered and the important activities to be set in motion.
Your property – including any associated garden or outside space – should be clean, clear and compliant.
Clean: your property – including carpets, curtains and the oven – We recommend that you should have the property professionally cleaned before the start of the let, thus meaning that you should then expect the property to be returned to you in the same condition at the end of the let, making allowances for reasonable wear and tear.
Clear: your property should be clear, in as much as only essential items of furniture should remain. This is because there is currently more demand for unfurnished properties, and any furniture that you do leave must comply with the Furniture and Furnishings (Fire Safety) Regulations 1988, amended 1989 and 1993. Generally speaking we find that a property does not command a higher rental when furnished.
Compliant: Energy Performance Certificates are now mandatory for all rental properties. We recommend that Maintenance Contracts are in place for all appropriate items. All relevant instruction manuals should be left at the property for the tenant’s use.
All gas appliances must comply with the Gas Safety (Installation and Use) Regulations 1994, as amended 1996, their being serviced and checked annually and the paperwork lodged with us. All electrical equipment must comply with the Electrical Equipment (Safety) Regulations 1994 and General Product Safety Regulations 1994. Smoke detectors must be installed in rental properties.
Marketing your property
We will discuss with you the best way to market your property, we will provide full property descriptions, colour photographs, colour floorplans and property brochure. We will market your property through the leading property portals – Rightmove, Digital Property Group, Prime Location and Zoopla.
We will instruct an independent professional inventory clerks from the AIIC (Association of Independent Inventory Clerks) to prepare an inventory for the protection of both parties. This is a detailed descriptive list of all rooms and their contents, their condition and any instances of wear or damage, supported by photographs if necessary. We will ask the the tenant(s) to check and sign this at the start of the tenancy to verify the content.
Letting your property
We can perform as much or as little of the ongoing business of letting your property as you wish. The monthly collection of rent and the maintenance of your property can be undertaken for you, or you can retain responsibility for those tasks.
Tenancy Deposit Scheme
The Housing Act 2004 requires a tenant’s deposit to be held within one of three schemes. We will forward the deposit to the DPS and provide you with the details of this.
The Tenancy Agreement
The contract between you and the tenant is enshrined in the Tenancy Agreement, this is prepared by us and sets out the responsibilities of all parties.
The relationship between landlord and tenant is regulated by legislation such as the Housing Act 1988, in order to ensure fairness for both parties. These laws detail your responsibilities in terms of your property’s condition and safety, your position with regard to tax, as well as the grounds under which you may be granted repossession.
Maintenance of your property
You are responsible for the maintenance and servicing of all that you own. This will certainly include aspects of your property such as the building’s structure, the roof, the boiler, the central heating system and so forth. It may also include the washing machine, tumble dryer, oven and refrigerator.
The responsibilities of the tenant(s)
The tenant is responsible for all bills, including Council Tax, Water and Waste, Electricity, Gas, Oil, Fuel and Phone.
Landlord Rent Protection
Whilst we carry out stringent checks prior to the start of any tenancy, we recommend that you take out a Rent & Legal Costs Protection Plan. It covers you against possible loss of income and any legal costs. For a free quotation, please contact the office.
You should advise your buildings and contents insurer of your intention to let your property. Note that this may result in your premium being increased or your terms of cover being amended.
If you have a mortgage on the property in question, please note that it is usually a condition of any mortgage that the lender should grant their permission before you let it.
Your tax position
The profit that you make on letting your property is subject to UK Income Tax. You can offset your costs – including your mortgage, any maintenance or repair bills, insurance premiums and agency fees – against this profit.
The end of a tenancy at your property
You cannot normally terminate a tenancy within the first six months, unless there has been a serious breach of the Tenancy Agreement. Landlords normally need to give two months’ notice, whilst only one month is required on the tenant’s side.
The condition of your property and any associated garden or outside space should be the same as at the beginning of the let, with allowance made for fair wear and tear.
Should you have any queries, or require further information, please do not hesitate to contact one of our specialist team, here to help.