To let your property safely and successfully there are a number of measures and guidelines in place to follow.
HEALTH & SAFETY
Furniture and furnishings
All furniture and furnishings must comply with the Fire safety regulations. Items that should be checked:
Items that are exempt from the Furniture and furnishing (Fire) (Safety) Amendment Regulations 1993.
Landlords are required by law to service all gas related equipment once every 12 months. The landlord must also provide the tenants with an annual copy of a 'Gas Safety Certificate' to be signed and issued by a Gas Safe Engineer. A copy of this certificate must be issued to your tenant within 28 days of the check being carried out. If you do not provide your tenant with a copy of this Certificate you will be breaking the law.
All electrical wiring within the property must be safe and in good working order throughout. You must also ensure you have enough sockets to meet the needs of the tenant. Any wiring older than 15 years must be checked annually.
The tenancy agreement is a legally binding contract between you and the tenant(s). It outlines both parties' rights and obligations.
Assured Shorthold Tenancy Agreement (AST)
The AST is the most common form of tenancy agreement and is for tenancies that are between six months and three years (However, should the tenant wish to renew after three years this is still possible). Anything longer than three years will require a deed to be drawn up by a Solicitor.
Requirements linked to an AST
The AST agreements usually include:
Having an inventory performed is very important and demands full attention and thorough detail. The inventory details the contents and condition of the property you are leaving behind for the tenant(s) to use before they move in. The inventory report will also include any existing blemishes to the interior of the property.
It is recommended that the Landlord or the inventory clerk schedules regular quarterly checks to gain an update on the property conditions.
It is obligated by law that any deposit paid by a tenant must be protected by the Landlordor property agent/manager. Failure to do so can lead to the Landlord having to pay up to three times the value of the deposit.
Deposits must be registered in a Government initiated scheme (there are two types):
1- Custodial Scheme
The deposit is held by the scheme for the duration of the agreement and repaid at the end of the tenancy. It is also free to use. Within 14 days of being paid the deposit, the landlord or agent must provide details to the tenant of how the deposit is protected.
2- Insurance- based Scheme
The deposit is held by the scheme for the duration of the agreement and repaid at the end of the tenancy. However, instead of passing the deposit directly to the scheme, the landlord retains the deposit and pays an insurance premium to the scheme.
Within 14 days of being paid the deposit, the landlord or agent must provide details to the tenant of how the deposit is protected.
MOVE IN PREPARATION CHECKLIST