Selection of our Properties
Landlords Guide
General conditions
The landlord is responsible for ensuring that the property is in good order ready for letting, and in most cases during any tenancy. Property that is in good condition, clean and tidy, well decorated and with no defects will let much more easily than a property in a bad state or repair. Ask for further advice on the requirements for fully furnished, part furnished or unfurnished property.
Taxation
Any income from property in the UK will be liable for UK taxation based on the overall “profit”. You can deduct costs relating to the let such as mortgage interest, agents fees, repairs and maintenance (including maintenance contracts such as British Gas 3 star). Form IR150 (taxation of rents) available from the Inland Revenue provides much more detailed information.
Do I have to use a Letting Agent?
There is nothing to stop you letting a property yourself. There are however several very good reasons to use the services of a professional Letting Agent depending on your knowledge and circumstances. As an established Agent, our marketing and advertising will reach a larger proportion of people giving a much better chance of finding the right tenant quickly. We may already have someone on our list that is suitable. Our referencing procedure is very thorough, and we have use checks such as credit scoring and CCJ searches that the private landlord simply cannot access. A short term saving here could cost you dearly in the long term. Many tenants do not like to deal direct with private landlords and prefer the services of an independent Agent. This is especially true of many corporate and professional tenants. Do you have enough time to go back and forth to a property for viewings, and are you always available to deal with queries when the property is let? We can take this burden away from you completely. Our experience and advice can help you to make a real success of letting your property. You can be sure that we will always provide accurate and up to date information about changes in the law and your obligations as a landlord. We provide a range of services to suit your requirements, including :-
Tenant introduction (Let Only)
(For experienced landlords)
Let and Rent Collection
(For landlord’s who are able to deal with maintenance)
Let and Full Management
(Best option for very busy or novice landlords)
Who to inform
Unless it is a Buy To Let Mortgage, you will need to inform your mortgage lender who should give you consent to let the property. They may require details of the let such as the type of tenancy granted, and what tenants will be living in the property.
Please check with your mortgage company for any restrictions they impose. For leasehold property, written consent should also be obtained from the freeholder or superior landlord.
Insurance
The Landlord is responsible for insurance cover on the property, and informing the Insurance Company that the property is to be let. A specialist policy that is designed for rental property will normally provide better cover than a standard policy.
Legislation
There are several specific acts that relate to letting a property, and many other general ones that should also be considered.
These are the most often quoted:-
Gas Safety (Installation and Use) Regulations 1998
Electrical Equipment (Safety) Regulations 1994
The Plugs & Sockets etc. (Safety) Regulations 1994
Furniture and Furnishings (Fire) (Safety) Regulations 1988 (as amended 1993)
The Building Regulations 1991 – Smoke Alarms
Smoke Detectors Act 1991
Furniture
It is an offence to supply any furniture that does not comply with the fire Safety regulations as part of a property to let. All furnishings that are covered by the regulations should display a permanent label stating they are fire-resistant.
Electrical safety
Appliances should be serviced, in good working order and the supply safe. Instructions for the use of all electrical items should be supplied. For example: central heating timers and washing machines. A Periodic Inspection Report for an Electrical Installation by an approved contractor is strongly recommended. In addition, we recommend that every property should be updated with an RCD (Residual Circuit Device) at the main fuse-board, or provision made for protection at a socket made for outdoor equipment.
Smoke Alarms
All properties built since June 1992 must be fitted with mains operated linked smoke alarms on each floor. Older properties are not covered by these regulations, but it is strongly recommended that smoke alarms are installed in all let properties and regularly checked to make sure they are in working order. These should comply to BS5446 part 1.
Gas safety
All gas appliances and systems must be safe and regularly maintained. A Landlords Gas Safety Certificate should be provided to the tenant within 28 days of inspection by a Corgi Registered Installer and renewed within 12 months.
More information is available on the Government Website, including :
Repairs:
Assured Tenenacies:
The landlord is responsible for ensuring that the property is in good order ready for letting, and in most cases during any tenancy. Property that is in good condition, clean and tidy, well decorated and with no defects will let much more easily than a property in a bad state or repair. Ask for further advice on the requirements for fully furnished, part furnished or unfurnished property.
Taxation
Any income from property in the UK will be liable for UK taxation based on the overall “profit”. You can deduct costs relating to the let such as mortgage interest, agents fees, repairs and maintenance (including maintenance contracts such as British Gas 3 star). Form IR150 (taxation of rents) available from the Inland Revenue provides much more detailed information.
Do I have to use a Letting Agent?
There is nothing to stop you letting a property yourself. There are however several very good reasons to use the services of a professional Letting Agent depending on your knowledge and circumstances. As an established Agent, our marketing and advertising will reach a larger proportion of people giving a much better chance of finding the right tenant quickly. We may already have someone on our list that is suitable. Our referencing procedure is very thorough, and we have use checks such as credit scoring and CCJ searches that the private landlord simply cannot access. A short term saving here could cost you dearly in the long term. Many tenants do not like to deal direct with private landlords and prefer the services of an independent Agent. This is especially true of many corporate and professional tenants. Do you have enough time to go back and forth to a property for viewings, and are you always available to deal with queries when the property is let? We can take this burden away from you completely. Our experience and advice can help you to make a real success of letting your property. You can be sure that we will always provide accurate and up to date information about changes in the law and your obligations as a landlord. We provide a range of services to suit your requirements, including :-
Tenant introduction (Let Only)
(For experienced landlords)
Let and Rent Collection
(For landlord’s who are able to deal with maintenance)
Let and Full Management
(Best option for very busy or novice landlords)
Who to inform
Unless it is a Buy To Let Mortgage, you will need to inform your mortgage lender who should give you consent to let the property. They may require details of the let such as the type of tenancy granted, and what tenants will be living in the property.
Please check with your mortgage company for any restrictions they impose. For leasehold property, written consent should also be obtained from the freeholder or superior landlord.
Insurance
The Landlord is responsible for insurance cover on the property, and informing the Insurance Company that the property is to be let. A specialist policy that is designed for rental property will normally provide better cover than a standard policy.
Legislation
There are several specific acts that relate to letting a property, and many other general ones that should also be considered.
These are the most often quoted:-
Gas Safety (Installation and Use) Regulations 1998
Electrical Equipment (Safety) Regulations 1994
The Plugs & Sockets etc. (Safety) Regulations 1994
Furniture and Furnishings (Fire) (Safety) Regulations 1988 (as amended 1993)
The Building Regulations 1991 – Smoke Alarms
Smoke Detectors Act 1991
Furniture
It is an offence to supply any furniture that does not comply with the fire Safety regulations as part of a property to let. All furnishings that are covered by the regulations should display a permanent label stating they are fire-resistant.
Electrical safety
Appliances should be serviced, in good working order and the supply safe. Instructions for the use of all electrical items should be supplied. For example: central heating timers and washing machines. A Periodic Inspection Report for an Electrical Installation by an approved contractor is strongly recommended. In addition, we recommend that every property should be updated with an RCD (Residual Circuit Device) at the main fuse-board, or provision made for protection at a socket made for outdoor equipment.
Smoke Alarms
All properties built since June 1992 must be fitted with mains operated linked smoke alarms on each floor. Older properties are not covered by these regulations, but it is strongly recommended that smoke alarms are installed in all let properties and regularly checked to make sure they are in working order. These should comply to BS5446 part 1.
Gas safety
All gas appliances and systems must be safe and regularly maintained. A Landlords Gas Safety Certificate should be provided to the tenant within 28 days of inspection by a Corgi Registered Installer and renewed within 12 months.
More information is available on the Government Website, including :
Repairs:
Assured Tenenacies:
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