What You Need To Know Before Renting Out Your Property
Tue 11 Dec 2018
Yes, we know that the letting industry has been buoyant of late so there are always lots of people who are looking to rent.
When it comes to letting a property, it is not as straight forward as you may have first thought. The legalities behind letting a property have been tighter, which we fully endorse. The letting market is far more regulated and these legal processes have been put in place to protect all parties involved.
Our role is to ensure that you, our client, fully comply with these legislations. That is our role in your property letting experience.
So, what it is you need to know when it comes to letting your property?
Your Mortgage Lender
If you have a mortgage on the property in question, it is recommended that you contact your lender to advise them that you are looking to let your property. By doing so, you are likely to be complying with their terms and regulations. The last thing you need to do is create an unnecessary problem.
Your lender will insist that you have the correct policy in place for when you let your property. If you would like some guidance on this, we are on hand to help.
Energy Efficiency Rating
This is something that many landlords are not aware of and on the 1st October 2008, it became law that you are required to have an EPC (Energy Performance Certificate) on your property before you let. If you are currently wondering where you can get one of these, look no further. We can have this in place for you within a matter of days.
Is Your Property Gas Safe?
Again, another legislation that is very important for all landlords. This means that any of your energy appliances need to have the correct regulations in place. This will include your boiler, gas fires and smoke alarms (including your carbon monoxide alarm)
Tax Tax Tax
This is one thing that you need to consider when it comes to letting your property. Your rental income needs to be declared. If you need some advice or would like us to point you in the right direction, let us know.
If you are a landlord for the first time, we are on hand to help you each step of the way. We have three packages for you to consider which range from a tenant find service through to full management.
We have been successfully managing properties since 1981 and we are fully compliant with all the latest industry accreditations and regulations.