Letting residential property can be rewarding but at the same time involves a significant responsibility.
Legislation and the obligations of Landlords change frequently and a good example of that is the requirement for an electrical safety certificate. Since 1 July 2020 for new tenancies, landlords have had to ensure that electrical installations are inspected and tested by a qualified person before the tenancy began. From 1 April 2021, for existing tenancies, an electrical safety test will need to be carried out by 1 April 2021.
Are you a Landlord? Are you complying with your responsibilities?
We have compiled a starter checklist for landlords below detailing some of the things that a landlord either must or should know and abide by, before letting their property.
- Ensuring the property is safe and clean.
- Arranging an EPC (Energy Performance Certificate)
- Check if your property requires a Landlord Licensing
- Give your property the right exposure
- Carry out a Right to Rent Checks (immigration)
- Check your prospective tenant’s reference and credit History
- Arrange a Gas and Electricity Safety Certificate
- Arrange an appropriate tenancy agreement (contract)
- Apply for a landlord insurance (to protect your property)
- Protect your tenant's deposit in government approved scheme
- Serve prescribed information of Deposit, handover an agreement to tenants
- Conduct a professional inventory and take signatures
- Transfer utility bills and inform the local authorities of new tenants
- Give payment instruction to tenants for future rent, along with your contact details
- Make sure to conduct the periodic inspection
- Give rent receipt to your tenants
If you are letting a property, do check with us for the latest position to ensure that you are fulfilling your obligations.
There is currently strong demand for properties to rent and our lettings teams can advice landlords fully on what is involved in letting a property and provide a comprehensive letting service. Contact us for a free appraisal of your property now.