Are you and your tenants clear about who is responsible for what in your property? If you’re new to the buy-to-let market, then you might not be completely sure on who should be responsible for specific tasks, such as replacing light bulbs or reading meters. And even if you are an experienced landlord, it’s still important to check that your assumptions are aligned with both government legislation and what’s stated in your tenancy agreement.
You may need a license to be able to let your property. The license you need always depends on the borough your property is located in, so make sure to check with your local council to ensure you are letting your property legally. As a landlord, it is your responsibility to ensure you have the correct license, otherwise you may face a penalty.
As a landlord you must ensure that the gas appliances in your property are safe for your tenants to use and that annual safety, installation and maintenance checks are carried out by a Gas Safe-registered engineer. Tenants must also be given a copy of the Gas Safety certificate stating that everything is in good working order. You are also responsible for keeping the equipment for supplying water, gas and electricity in safe working order throughout the tenancy.
When it comes to repairs inside your buy-to-let property, you are responsible for carrying them out. Small repairs that need to be carried out within the property such as changing lightbulbs or bleeding radiators are considered your tenants’ responsibility. Make sure to detail it in your tenancy agreement and always refer back to it to check who is responsible for repairs.
Keep it safe
Probably one of the most important things you must do as a landlord is ensuring that it is safe for your tenants to live in. From making sure the walls and ceilings won’t crumble, to ensuring the entire place is hazard-free, you absolutely need to make sure that everything is in order before letting any tenants in. There could be some serious consequences if any accidents were to happen as a result of negligence. As a landlord you are also legally required to install smoke alarms in your rental property.
You must secure your tenants’ deposits into one of the three government approved Tenancy Deposit Protection (TDP) schemes within 30 days of receiving it. Most estate agents will do this on your behalf so you won’t need to do anything yourself. It’s very important to provide your tenants with proof that it has been appropriately protected and show them under which scheme it is held in.
Do you need help managing your buy to let properties while increasing their value and appeal? Kingsley Hamilton Estates’ comprehensive property management service is designed to give you peace of mind and relieve you of the commitment of being a full-time landlord – call our team today on 020 7078 0214, or email firstname.lastname@example.org to find out more.