There are a number of areas that as a landlord you should be aware of.
Things to be considered are:
- Proof of Identity and Ownership of the property
- Lender's Consent
- Superior Landlord Consent
- Consent from Insurers
- Overseas landlord Tax (Non UK residents only)
The Following areas need to be considered as a landlord
The Furniture & Furnishing (Fire) (Safety) Regulations 1988 as amended
- Gas Safety (Installation and Use)
- Smoke Alarms
Energy Performance Certificate
A landlord is responsible for having an Energy Performance Certificate which is valid for ten years from preparation date on the rental market. A copy of this certificate should be with the Agent prior to marketing commencing.
Energy Performance Certificates and Tax Allowances
All landlords are required to provide a fixed and affordable form of heating for their tenants. Properties that do not have this could pose a serious health risk to the occupants. A good heating system can also prevent maintenance issues such as condensation and mould growth from emerging.
At present any landlord carrying out works to improve the Energy Efficiency of his property is able to apply for a Grant towards certain improvements including assistance for a new heating boiler, loft and cavity wall insulation
Grants may also be available for landlords whose tenants are in receipt of certain benefits.
LETTING SERVICES OFFERED
In order to take the stress and worry away from letting your property, ChampionHolmes is able to offer the following services in order to ensure the right tenant for you.
- Introductory Service
- Fully Managed Service
- Rent Collection Only Service
- A variety of additional services to help landlords
Along with your responsibilities as a landlord, there are a number of legal considerations. These include the following
- A Tenancy Deposit Scheme
- Schedule of Inventory and Condition
Signing Of Tenancy Agreement
All UK resident landlords will be required to sign Tenancy Agreements relating to the letting of their property. This includes both Landlords on joint ownership of a property. For non-UK resident landlords, the tenancy agreement will be emailed for signature. If the agent, acting as a third party, is to sign the tenancy agreement, they will require the landlord to have had sight of the tenancy agreement and that the landlord forward written instructions for them to sign that specific tenancy agreement.
Termination of Instruction
Unless agreed otherwise, our appointment as managing agent is for a fixed period, being the term of the tenancy. It can be terminated by either landlord or agent giving three month’s notice in writing to the other to terminate the management to expire either at the end of the fixed term of the tenancy, or thereafter.
PROPERTY PORTFOLIO MANAGEMENT SERVICES
Looking to increase your portfolio?
- Looking to sell your investment portfolio?
- Need to discuss your rental yeild?
- Considering re-mortgaging to increase your income or equity?
- Looking for new house insurance?